WING FUNG CASH AND CARRY LIMITED

🌳Matureactive
SC198699 · ltd · incorporated 1999-08-06
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 26.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Wholesale of fruit and vegetables
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46320Wholesale of meat and meat products
  • 47220Retail sale of meat and meat products in specialised stores
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 26.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 26.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 4 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Average employees200200

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
0
filings
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-06-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-06-25
    🔓
    Charge satisfied #3
  3. 2025-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-01-20
    🔓
    Charge satisfied #2
  6. 2023-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-03-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-04-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-09-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-02-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-08-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-05-16
    ➕
    PANG, Selina Hue Yei appointed
    secretary
  19. 2013-05-16
    ➖
    WHITELAW WELLS resigned
    corporate-secretary
  20. 2011-02-24
    ➕
    PANG, Selina Hue Yei appointed
    director
  21. 2009-10-16
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Scotland PLC
  22. 2009-10-16
    🔓
    Charge satisfied #1
  23. 2009-09-29
    ➖
    PANG, Sau King resigned
    secretary
  24. 2009-09-29
    ➕
    WHITELAW WELLS appointed
    corporate-secretary
  25. 2009-09-29
    ➖
    PANG, Huan Hua resigned
    director
  26. 2009-09-18
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  27. 2005-11-01
    ➖
    PANG, Huan Hua resigned
    secretary
  28. 2005-11-01
    ➕
    PANG, Sau King appointed
    secretary
  29. 2000-05-08
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  30. 2000-01-01
    ➖
    LIU, Man Kwong resigned
    secretary
  31. 2000-01-01
    ➕
    PANG, Huan Hua appointed
    secretary
  32. 2000-01-01
    ➖
    LIU, Man Kwong resigned
    director
  33. 1999-08-18
    ➕
    PANG, Sau King appointed
    director
  34. 1999-08-18
    ➕
    LIU, Man Kwong appointed
    secretary
  35. 1999-08-18
    ➕
    LIU, Man Kwong appointed
    director
  36. 1999-08-18
    ➕
    PANG, Huan Hua appointed
    director
  37. 1999-08-06
    🏢
    Company incorporated
    As WING FUNG CASH AND CARRY LIMITED
  38. 1999-08-06
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  39. 1999-08-06
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  40. 1999-08-06
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  41. 1999-08-06
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  42. 1999-08-06
    ➕
    PETER TRAINER COMPANY SERVICES LTD. appointed
    corporate-nominee-director
  43. 1999-08-06
    ➖
    PETER TRAINER COMPANY SERVICES LTD. resigned
    corporate-nominee-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Sau King Pang
Individual · British · DOB 03/1956 · age 70
——sig. influencesignificant influence06/08/2016

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 →

Similar companies

Active · Wholesale & distribution · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ANGUS SOFT FRUITS LIMITED→
SC185769 · est 1998
£7.25M
£5.44M–£9.07M
———28y8075y
AYDYA LIMITED→
SC367967 · est 2009
£6.95M
£5.21M–£8.69M
——2116y8356y
AGRICAR LIMITED→
SC100191 · est 1986
£1.50M
£1.13M–£1.88M
——11139y8183y
LOWS OF DUNDEE LIMITED→
SC100628 · est 1986
£1.26M
£946.7k–£1.58M
——2439y8589y
BUCKLER BOOTS LIMITED→
SC182006 · est 1998
———2028y8382y
ABF WORKSPACE LIMITED→
SC394840 · est 2011
———315y8258y
ANGUS HEATHERS LIMITED→
SC201814 · est 1999
———10026y8266y
DWK OFFICE SOLUTIONS LIMITED→
SC258582 · est 2003
———30022y8267y
H.W. COMERY LIMITED→
SC055368 · est 1974
——£735.5k—52y8278y
HARBOUR ENGINEERING (ABERDEEN) LIMITED→
SC076946 · est 1981
——£21.9k—44y8271y
JAMES CRAMOND LIMITED→
SC248481 · est 2003
———223y8274y
JAMES MACKIE (DUNDEE) LIMITED→
SC255780 · est 2003
———60022y8263y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1999-08-06
Jurisdictionscotland
Primary SIC46310 — Wholesale of fruit and vegetables

Registered office

Wing Fung Building Whittle Place
Gourdie Industrial Estate
Dundee
DD2 4TD

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-20
Last: 2025-08-06

Officers (3 active · 9 resigned)

PANG, Selina Hue Yei→
secretary · appointed 2013-05-16
View their other companies + combined net worth →
Active
PANG, Sau King→
director · ~70y · appointed 1999-08-18
View their other companies + combined net worth →
Active
PANG, Selina Hue Yei→
director · ~42y · appointed 2011-02-24
View their other companies + combined net worth →
Active
LIU, Man Kwong→
secretary · appointed 1999-08-18 · resigned 2000-01-01
Resigned
PANG, Huan Hua→
secretary · appointed 2000-01-01 · resigned 2005-11-01
Resigned
PANG, Sau King→
secretary · appointed 2005-11-01 · resigned 2009-09-29
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 1999-08-06 · resigned 1999-08-06
Resigned
WHITELAW WELLS→
corporate-secretary · appointed 2009-09-29 · resigned 2013-05-16
Resigned
LIU, Man Kwong→
director · ~68y · appointed 1999-08-18 · resigned 2000-01-01
Resigned
PANG, Huan Hua→
director · ~77y · appointed 1999-08-18 · resigned 2009-09-29
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 1999-08-06 · resigned 1999-08-06
Resigned
PETER TRAINER COMPANY SERVICES LTD.→
corporate-nominee-director · appointed 1999-08-06 · resigned 1999-08-06
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property16/10/200925/06/2025
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Bond & floating charge1 property18/09/200920/01/2025
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property08/05/200016/10/2009

Recent filings (84 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-03