JOHNSTONE FOOD LTD

🚨Distressedactive
SC760003 · ltd · incorporated 2023-02-23
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Oct 2023
Net worth
£-158
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £158

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£158
Current Assets
£100
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2023-10-31
Total assets£82
Current assets£100
Net assets£-158

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-02-21
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2025-12-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-08-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-05-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-05-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2024-05-08
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2023-02-23
    🏢
    Company incorporated
    As JOHNSTONE FOOD LTD
  8. 2023-02-23
    AKHTAR, Zak Salman Ali appointed
    director
  9. 2023-02-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-10-31

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Zak Salman Ali Akhtar
Individual · British · DOB 09/1998 · age 28
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/02/2023

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2023-02-23
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

2 Thorn Brae
Johnstone
PA5 8HE
Scotland

Filing status

Accounts
Next due: 2025-10-31OVERDUE
Last made up to: 2023-10-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (1 active · 0 resigned)

AKHTAR, Zak Salman Ali
director · ~28y · appointed 2023-02-23
View their other companies + combined net worth →
Active

Click a director name to see their full track record across all companies.

Recent filings (10 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-10
gazette-filings-brought-up-to-date
gazette · DISS40
2026-02-21
gazette-notice-compulsory
gazette · GAZ1
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-08
gazette-filings-brought-up-to-date
gazette · DISS40
2024-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-15
gazette-notice-compulsory
gazette · GAZ1
2024-05-14
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-05-08
incorporation-company
incorporation · NEWINC
2023-02-23