I&A CATERING LTD

🌿Early-stageactive
SC801208 · ltd · incorporated 2024-03-01
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 Mar 2025
Net worth
£-42.6k
book net assets
Opportunity
62/100
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 62/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (69/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £42,650

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
-£43k
Current Assets
£12k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Total assets£-32.5k
Current assets£11.6k
Net assets£-42.6k

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
3
filings
  • 1 incorporation
  • 1 resolution
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (7 events)Click to expand
  1. 2025-12-10
    📄
    memorandum-articles
    incorporation · MA
  2. 2025-12-10
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-01
    🏢
    Company incorporated
    As I&A CATERING LTD
  5. 2024-03-01
    CRUICKSHANK, Isla appointed
    director
  6. 2024-03-01
    MALCOLM, Andrew appointed
    director
  7. 2024-03-01
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.2 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-27

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Andrew Malcolm
Individual · British · DOB 01/1973 · age 53
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/03/2024
Miss Isla Cruickshank
Individual · British · DOB 12/1992 · age 34
2550%
25–50%board control25-50% shares · 25-50% voting · board control01/03/2024

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 →
🔒Tailored diligence questions

8 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
Incorporated2024-03-01
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

Leargy
Craighouse
Isle Of Jura
PA60 7XG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-02-27OVERDUE
Last: 2025-02-13

Officers (2 active · 0 resigned)

CRUICKSHANK, Isla
director · ~34y · appointed 2024-03-01
View their other companies + combined net worth →
Active
MALCOLM, Andrew
director · ~53y · appointed 2024-03-01
View their other companies + combined net worth →
Active

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

Recent filings (5 total)

memorandum-articles
incorporation · MA
2025-12-10
resolution
resolution · RESOLUTIONS
2025-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
incorporation-company
incorporation · NEWINC
2024-03-01