CASTLEGATE RETAIL LTD

🌿Early-stageactive
SC806884 · ltd · incorporated 2024-04-14
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
Upgrade to see
Turnover
year to Apr 2025
Net worth
£30.8k
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: Retail sale in non-specialised stores with food, beverages or tobacco predominating
Sector: Wholesale & retail
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 75/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 0.8y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Newest facility, 0.8 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 2 with DOB)
83
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
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £30,799

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£31k
Current Assets
£99k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-30
Total assets£80.2k
Current assets£98.6k
Net assets£30.8k

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-01-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-08-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-07-26
    🔒
    Charge registered #1
    Lender: Hsbc UK Bank PLC
  4. 2025-07-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2025-07-08
    MORLEY, Fiona Beverley resigned
    secretary
  6. 2025-06-25
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  7. 2025-06-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-06-24
    MORLEY, Fiona Beverley appointed
    secretary
  9. 2025-06-24
    MORLEY, Fiona Beverley resigned
    director
  10. 2025-05-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-04-27
    MORLEY, Fiona Beverley appointed
    director
  12. 2024-05-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2024-05-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2024-04-14
    🏢
    Company incorporated
    As CASTLEGATE RETAIL LTD
  15. 2024-04-14
    GINNUKALA, Radhe Sham appointed
    director
  16. 2024-04-14
    📄
    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 2.0 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

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MORLEY, Fiona Beverley resigned 2025-07-08; MORLEY, Fiona Beverley resigned 2025-06-24

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Radhe Sham Ginnukala
Individual · Indian · DOB 03/1997 · age 29
75100%
75–100%board control75-100% shares · 75-100% voting · board control14/04/2024

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

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
Incorporated2024-04-14
Jurisdictionscotland
Primary SIC47110 — Retail sale in non-specialised stores with food, beverages or tobacco predominating

Registered office

21 Bedford Place
Gfr
Aberdeen
AB24 3PA
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-27
Last: 2026-04-13

Officers (1 active · 2 resigned)

GINNUKALA, Radhe Sham
director · ~29y · appointed 2024-04-14
View their other companies + combined net worth →
Active
MORLEY, Fiona Beverley
secretary · appointed 2025-06-24 · resigned 2025-07-08
Resigned
MORLEY, Fiona Beverley
director · ~59y · appointed 2025-04-27 · resigned 2025-06-24
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property26/07/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (11 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-05
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-09
appoint-person-secretary-company-with-name-date
officers · AP03
2025-06-25
termination-director-company-with-name-termination-date
officers · TM01
2025-06-25
appoint-person-director-company-with-name-date
officers · AP01
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-26
change-person-director-company-with-change-date
officers · CH01
2024-05-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-24
incorporation-company
incorporation · NEWINC
2024-04-14