VOLARIX LTD

🌿Early-stageactive
SC800325 · ltd · incorporated 2024-02-23
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
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Turnover
year to Feb 2025
Net worth
£1.2k
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46190Agents involved in the sale of a variety of goods
  • 46630SIC 46630
  • 46690Wholesale of other machinery and equipment
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (70/100)

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

Company profile
address, 4 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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,232

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£1k
Current Assets
£3k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-28
Total assets£2.2k
Current assets£2.8k
Net assets£1.2k

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-09-10
    RAZA, Qasim appointed
    director
  2. 2025-09-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-09-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-09-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-09-04
    📄
    legacy
    miscellaneous · ANNOTATION
  6. 2025-09-04
    📄
    legacy
    miscellaneous · ANNOTATION
  7. 2024-12-02
    HOTAK, Jamsheed resigned
    director
  8. 2024-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-12-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2024-02-23
    🏢
    Company incorporated
    As VOLARIX LTD
  11. 2024-02-23
    HOTAK, Jamsheed appointed
    director
  12. 2024-02-23
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Qasim Raza
Individual · German · DOB 01/1997 · age 29
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/09/2025
1 historic (ceased) PSC
  • Mr Jamsheed Hotakceased 02/12/2024· 75-100% shares · 75-100% voting · board control

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2024-02-23
Jurisdictionscotland
Primary SIC46140 — SIC 46140

Registered office

5 South Charlotte Street
Edinburgh
EH2 4AN
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (1 active · 1 resigned)

RAZA, Qasim
director · ~29y · appointed 2025-09-10
View their other companies + combined net worth →
Active
HOTAK, Jamsheed
director · ~24y · appointed 2024-02-23 · resigned 2024-12-02
Resigned

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

Recent filings (11 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-10
appoint-person-director-company-with-name-date
officers · AP01
2025-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-10
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-09-10
legacy
miscellaneous · ANNOTATION
2025-09-04
legacy
miscellaneous · ANNOTATION
2025-09-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-02
termination-director-company-with-name-termination-date
officers · TM01
2024-12-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-28
incorporation-company
incorporation · NEWINC
2024-02-23