HMR STORES LTD.

💤Zombieactive

SC338232 · ltd · incorporated 2008-02-21

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 Dec 2024

Net worth

£19.5k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other retail sale in non-specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 17.3y

45/100

under pressure

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

· Oldest live charge is 17.3 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

5 officers (1 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £19,462

Net assets shrinking

Down £11,036 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£19k

↓ 36% YoY

Current Assets

£6k

↓ 83% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£19.5k	£32.2k
Current assets	£5.8k	£34.8k
Debtors	£5.8k	£5.8k
Net assets	£19.5k	£30.5k

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

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2026-03-25
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2026-01-31
➖
RAMZAN, Nadeem resigned
secretary
2025-09-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-09-23
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-14
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-09-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-05-18
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-05-14
📄
gazette-notice-compulsory
gazette · GAZ1
2018-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-02-16
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2016-12-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-29
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-03-28
➖
RAMZAN, Nadeem resigned
director
2010-01-29
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2009-01-16
🔒
Charge registered #1
Lender: Clydesdale Bank PLC
2008-02-21
🏢
Company incorporated
As HMR STORES LTD.
2008-02-21
➕
AKHTAR, Shameen appointed
director
2008-02-21
➕
RAMZAN, Nadeem appointed
secretary
2008-02-21
➕
BRIAN REID LTD. appointed
corporate-secretary
2008-02-21
➖
BRIAN REID LTD. resigned
corporate-secretary
2008-02-21
➕
RAMZAN, Nadeem appointed
director
2008-02-21
➕
STEPHEN MABBOTT LTD. appointed
corporate-director
2008-02-21
➖
STEPHEN MABBOTT LTD. resigned
corporate-director

Owner dependency

100/100

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.
+Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

98/100

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 78 years old. Natural succession window is now.
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 18 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Shameen Akhtar Individual · British · DOB 01/1948 · age 78	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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GUYANA LIMITED→ SC216279 · est 2001	—	—	—	1600	25y	83	64y
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MICROSCOPY SUPPLIES & CONSULTANTS LIMITED→ SC139542 · est 1992	—	—	—	300	33y	83	79y
ANDREW HUTT LIMITED→ SC056671 · est 1974	—	—	—	100	51y	82	93y
BACCHUS (ST ANDREWS) LTD.→ SC251347 · est 2003	—	—	£227.9k	—	22y	82	66y
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BRINNOR LIMITED→ SC353301 · est 2009	—	—	—	1100	17y	82	62y
CLASSIQUE FLOORING LIMITED→ SC144130 · est 1993	—	—	£611.3k	—	33y	82	71y
DEALS ON REELS LIMITED→ SC237443 · est 2002	—	—	£9.6k	—	23y	82	65y
DUNFERMLINE REPAIR CENTRE LTD.→ SC169402 · est 1996	—	—	£18.3k	—	29y	82	65y
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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

Incorporated2008-02-21

Jurisdictionscotland

Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

51 Napier Road

Glenrothes

Fife

KY6 1DS

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-07

Last: 2026-02-21

Officers (1 active · 4 resigned)

AKHTAR, Shameen→

director · ~78y · appointed 2008-02-21

View their other companies + combined net worth →

Active

RAMZAN, Nadeem→

secretary · appointed 2008-02-21 · resigned 2026-01-31

Resigned

BRIAN REID LTD.→

corporate-secretary · appointed 2008-02-21 · resigned 2008-02-21

Resigned

RAMZAN, Nadeem→

director · ~53y · appointed 2008-02-21 · resigned 2010-03-28

Resigned

STEPHEN MABBOTT LTD.→

corporate-director · appointed 2008-02-21 · resigned 2008-02-21

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	29/01/2010	—
	outstanding	Virgin Money Clydesdale Bank PLC	Standard security	1 property	16/01/2009	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-02

termination-secretary-company-with-name-termination-date

officers · TM02

2026-03-25