BLEND (DUNDEE) LIMITED

🚨Distressedactive
SC596082 · ltd · incorporated 2018-05-02
Investment thesis
Distressed but structurally messy — likely a value trap without major surgery.
Why interesting: Headline may look cheap; sector may be recovering.
Why risky: Critical deal-killers in ownership or security; closing cost and post-deal clean-up likely to dominate.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2023
Net worth
£-20.6k
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 45/100. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
Confirmed no charges registered
85
Directors & officers
4 officers (4 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £20,617
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£21k
Current Assets
£26k
Current Liabilities
-£21k-£11k-£2k£8k£17k£26kFeb 2022Feb 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-02-282022-02-28
Total assets£53.5k
Current assets£26.4k
Net assets£-20.6k
Average employees1400

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 (22 events)Click to expand
  1. 2023-10-10
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  2. 2023-09-12
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  3. 2023-09-04
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  4. 2023-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-04-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-04-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-04-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-04-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  9. 2022-06-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-05-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2020-05-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-10-08
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  17. 2018-05-02
    🏢
    Company incorporated
    As BLEND (DUNDEE) LIMITED
  18. 2018-05-02
    BAIRD, Alan Norman appointed
    director
  19. 2018-05-02
    BANKS, Gregor appointed
    director
  20. 2018-05-02
    SALINS, Sundeep Michael appointed
    director
  21. 2018-05-02
    THAMES, Derrick Ryan appointed
    director
  22. 2018-05-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

40/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

2 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: 2024-11-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-05-15

Group structure

Epic Alternative Uk Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Epic Alternative Uk Limited
Corporate parent · holds 75-100% shares
ultimate parent
BLEND (DUNDEE) LIMITED
This company · SC596082

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Epic Alternative Uk Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting02/05/2018

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

10 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
Incorporated2018-05-02
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

63 Reform Street
Dundee
DD1 1SP
Scotland

Filing status

Accounts
Next due: 2024-11-30OVERDUE
Last made up to: 2023-02-28
Confirmation statement
Next due: 2024-05-15OVERDUE
Last: 2023-05-01

Officers (4 active · 0 resigned)

BAIRD, Alan Norman
director · ~45y · appointed 2018-05-02
View their other companies + combined net worth →
Active
BANKS, Gregor
director · ~34y · appointed 2018-05-02
View their other companies + combined net worth →
Active
SALINS, Sundeep Michael
director · ~52y · appointed 2018-05-02
View their other companies + combined net worth →
Active
THAMES, Derrick Ryan
director · ~44y · appointed 2018-05-02
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2023-10-10
gazette-notice-voluntary
gazette · GAZ1(A)
2023-09-12
dissolution-application-strike-off-company
dissolution · DS01
2023-09-04
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
change-person-director-company-with-change-date
officers · CH01
2023-04-17
change-person-director-company-with-change-date
officers · CH01
2023-04-17
change-person-director-company-with-change-date
officers · CH01
2023-04-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-04-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-13
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-02