FREEWINGS LIMITED

💤Zombieactive
02217183 · ltd · incorporated 1988-02-03
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
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Sound recording and music publishing activities
Sector: Information & communication
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

1 live charge · oldest 28.1y

45/100
under pressure

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

  • · Oldest live charge is 28.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (1 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
70
Strong succession / seller-readiness signals.
Risk profile
85
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-11-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-02-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-10-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-06-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2015-04-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2014-05-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2008-05-01
    REEVES, David Bertram resigned
    secretary
  17. 2006-01-25
    REEVES, David Bertram appointed
    secretary
  18. 2006-01-25
    ROWE, Mary resigned
    secretary
  19. 1998-11-19
    ROWE, Ghizela resigned
    secretary
  20. 1998-11-19
    ROWE, Mary appointed
    secretary
  21. 1998-11-19
    ROWE, Frederick Daniel resigned
    director
  22. 1998-04-17
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  23. 1993-12-31
    REILLY, Sally Ann resigned
    secretary
  24. 1993-12-31
    ROWE, Ghizela appointed
    secretary
  25. 1993-12-31
    ROWE, Frederick Daniel appointed
    director
  26. 1992-07-01
    VAN DEN HEMEL, Cyriel resigned
    director
  27. 1988-02-03
    🏢
    Company incorporated
    As FREEWINGS LIMITED

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

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

Group structure

Woddish Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Woddish Ltd
Corporate parent · holds 75-100% shares
ultimate parent
FREEWINGS LIMITED
This company · 02217183

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
Woddish Ltd
Corporate entity
75100%
75-100% shares03/02/2017

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

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
Incorporated1988-02-03
Jurisdictionengland-wales
Primary SIC59200 — Sound recording and music publishing activities

Registered office

31 Dobree Avenue
London
NW10 2AD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26

Officers (1 active · 6 resigned)

ROWE, Ghizela
director · ~68y
View their other companies + combined net worth →
Active
REEVES, David Bertram
secretary · appointed 2006-01-25 · resigned 2008-05-01
Resigned
REILLY, Sally Ann
secretary · resigned 1993-12-31
Resigned
ROWE, Ghizela
secretary · appointed 1993-12-31 · resigned 1998-11-19
Resigned
ROWE, Mary
secretary · appointed 1998-11-19 · resigned 2006-01-25
Resigned
ROWE, Frederick Daniel
director · ~69y · appointed 1993-12-31 · resigned 1998-11-19
Resigned
VAN DEN HEMEL, Cyriel
director · ~78y · resigned 1992-07-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Midland Bank
Midland Bank PLC
Debenture1 property17/04/1998
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (100 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-26
accounts-with-accounts-type-dormant
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-20
accounts-with-accounts-type-dormant
accounts · AA
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-20
accounts-with-accounts-type-dormant
accounts · AA
2023-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-dormant
accounts · AA
2022-11-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-20
accounts-with-accounts-type-dormant
accounts · AA
2021-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-20
accounts-with-accounts-type-dormant
accounts · AA
2021-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-20
accounts-with-accounts-type-dormant
accounts · AA
2019-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-23