KHAN ASSOCIATES (GLASGOW) LLP
💤Zombieactive
SO306014 · llp · incorporated 2017-03-09
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£-13.5k
book net assets
Opportunity
70/100
Strong
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
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
20 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
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
80
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Negative net assets
Liabilities exceed assets by £13,471
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£13k
↑ 4.0% YoY
Current Assets
£9k
↓ 46% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £5.5k | £15.7k |
| Current assets | £8.9k | £16.5k |
| Net assets | £-13.5k | £-14.0k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-03-23📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-10-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-10-16📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2025-03-20📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-08-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-03-11📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-02-16📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2024-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-24📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-04-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-25📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-12-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-10📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-01-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-10📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2019-07-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-12📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2018-07-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-08📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2017-03-09🏢Company incorporatedAs KHAN ASSOCIATES (GLASGOW) LLP
- 2017-03-09➕KHAN, Nisar appointedllp-designated-member
- 2017-03-09➕KHAN, Said Jamil appointedllp-designated-member
- 2017-03-09📄incorporation-limited-liability-partnershipincorporation · LLIN01
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Said Jamil Khan Individual · British · DOB 04/1974 · age 52 | — | 25–50% | 25-50% voting | 09/03/2017 |
Mr Nisar Khan Individual · British · DOB 05/1982 · age 44 | — | 25–50% | 25-50% voting | 09/03/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MACADAMS TRADE & SERVICES LP→ SL012929 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| MACFRE SAFETY LIMITED→ SC406518 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| MACINDOE LTD→ SC581962 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MACLEAN INDUSTRIAL SERVICES LIMITED→ SC464617 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| MADAN GROUP LP→ SL031414 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| MAGNEX ALLIANCE L.P.→ SL018222 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| MAGNUM CONSULTING L.P.→ SL023181 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MAGNUS THOMSON LLP→ SO301599 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| MAGOSTRA SALES LP→ SL028885 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| MAIF PROJECT LP→ SL016773 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| MAKERS MANUAL LTD→ SC840668 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| MAKITONE COMMERCE LP→ SL018999 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Typellp
Incorporated2017-03-09
Jurisdictionscotland
Primary SIC—
Registered office
16 Southlea Avenue
Thornliebank
Glasgow
G46 7BS
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-22
Last: 2026-03-08
Officers (2 active · 0 resigned)
KHAN, Nisar→
Activellp-designated-member · ~44y · appointed 2017-03-09
View their other companies + combined net worth →
KHAN, Said Jamil→
Activellp-designated-member · ~52y · appointed 2017-03-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (20 total)
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-03-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-28
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-10-16
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-03-11
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2024-02-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-03-24
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-21
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-03-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2021-05-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-29
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2020-03-10