DE NIRO'S (DUNDEE) LIMITED

💤Zombieactive
SC285791 · ltd · incorporated 2005-06-06
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 May 2024
Net worth
£265.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Special-situation opportunity
Distressed hospitality with salvageable qualities — special-situations priority.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

1 live charge · oldest 17.9y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 17.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £265,605

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£266k
~ YoY
Current Assets
£29k
↓ 14% YoY
Current Liabilities
—
£0£53k£106k£159k£212k£266kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£274.8k£280.5k
Current assets£28.9k£33.6k
Net assets£265.6k£265.4k

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 (29 events)Click to expand
  1. 2025-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-03-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-02-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-02-18
    🔓
    Charge satisfied #1
  9. 2020-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2019-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-11-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2019-11-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2019-11-06
    ➖
    DAVIDSON, Laura resigned
    director
  15. 2019-11-06
    ➖
    DAVIDSON, Rita Caroline resigned
    director
  16. 2019-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2018-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2017-02-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2016-06-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2008-06-04
    ➕
    DAVIDSON, Ronald appointed
    director
  21. 2008-06-04
    ➕
    DAVIDSON, Laura appointed
    director
  22. 2008-06-04
    ➕
    DAVIDSON, Rita Caroline appointed
    director
  23. 2008-06-04
    ➖
    MOLINARO, Nicolina Anna resigned
    director
  24. 2008-05-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  25. 2005-06-06
    🏢
    Company incorporated
    As DE NIRO'S (DUNDEE) LIMITED
  26. 2005-06-06
    ➕
    RYAN, Jacqueline appointed
    secretary
  27. 2005-06-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  28. 2005-06-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  29. 2005-06-06
    ➕
    MOLINARO, Nicolina Anna appointed
    director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-02-28

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ronald Davidson
Individual · British · DOB 11/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting01/12/2019
1 historic (ceased) PSC
  • Miss Rita Caroline Davidsonceased 01/11/2019· 25-50% shares

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

9 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
Incorporated2005-06-06
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

9 Corbie Drive
Carnoustie
DD7 7NT
Scotland

Filing status

Accounts
Next due: 2026-02-28OVERDUE
Last made up to: 2024-05-31
Confirmation statement
Next due: 2026-06-20
Last: 2025-06-06

Officers (2 active · 4 resigned)

RYAN, Jacqueline→
secretary · appointed 2005-06-06
View their other companies + combined net worth →
Active
DAVIDSON, Ronald→
director · ~58y · appointed 2008-06-04
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-06-06 · resigned 2005-06-06
Resigned
DAVIDSON, Laura→
director · ~84y · appointed 2008-06-04 · resigned 2019-11-06
Resigned
DAVIDSON, Rita Caroline→
director · ~59y · appointed 2008-06-04 · resigned 2019-11-06
Resigned
MOLINARO, Nicolina Anna→
director · ~62y · appointed 2005-06-06 · resigned 2008-06-04
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property16/05/200818/02/2021

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-11
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-02
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-25
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-12-10