FRS2 REALISATIONS LIMITED

💤Zombieactive
03961698 · ltd · incorporated 2000-03-31
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
not disclosed
Net worth
book net assets
Opportunity
57/100
Worth a look
🔔
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (worth a look), bankability 45/100. Strong seller-intent signal (63/100, director aged 72). 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). Current lenders should be on monthly review.

Data confidence

Overall: medium (56/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
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
5 connected companies via shared directors
60
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
2
filings
  • 1 gazette
  • 1 dissolution
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-06-16
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-06-08
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-10-17
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  4. 2025-02-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-12-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-12-02
    ROBERTS, Julia Clare resigned
    director
  7. 2024-05-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-09-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2022-09-12
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  11. 2022-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-05-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-03-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-05-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-05-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2017-06-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2015-05-21
    ROBERTS, Michael Frank appointed
    director
  19. 2014-05-01
    BRADDOCK, Michael James resigned
    secretary
  20. 2006-03-16
    BRADDOCK, Michael James appointed
    secretary
  21. 2006-03-16
    PEET, John resigned
    secretary
  22. 2006-03-16
    PEET, John resigned
    director
  23. 2000-12-07
    PEET, John appointed
    secretary
  24. 2000-12-07
    AARCO SERVICES LIMITED resigned
    corporate-nominee-secretary
  25. 2000-12-07
    PEET, John appointed
    director
  26. 2000-12-07
    ROBERTS, Julia Clare appointed
    director
  27. 2000-12-07
    AARCO NOMINEES LIMITED resigned
    corporate-nominee-director
  28. 2000-03-31
    🏢
    Company incorporated
    As FRS2 REALISATIONS LIMITED
  29. 2000-03-31
    AARCO SERVICES LIMITED appointed
    corporate-nominee-secretary
  30. 2000-03-31
    AARCO NOMINEES LIMITED appointed
    corporate-nominee-director

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 72 — succession pressure is live.

Succession & seller-readiness

85/100
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 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high · 1 med ·
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: 2026-05-31

Confirmation statement overdue
high

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

Evidence: Next due: 2026-04-14

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-10-17: certificate-change-of-name-company

Group structure

Frank Roberts & Sons Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Frank Roberts & Sons Ltd
Corporate parent · holds 75-100% shares
ultimate parent
FRS2 REALISATIONS LIMITED
This company · 03961698

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
Frank Roberts & Sons Ltd
Corporate entity
75100%
75-100% shares01/04/2017

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

11 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
Incorporated2000-03-31
Jurisdictionengland-wales
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

Rudheath
Northwich
Cheshire
CW9 7RQ

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-27
Confirmation statement
Next due: 2026-04-14OVERDUE
Last: 2025-03-31

Officers (1 active · 6 resigned)

ROBERTS, Michael Frank
director · ~72y · appointed 2015-05-21
View their other companies + combined net worth →
Active
BRADDOCK, Michael James
secretary · appointed 2006-03-16 · resigned 2014-05-01
Resigned
PEET, John
secretary · appointed 2000-12-07 · resigned 2006-03-16
Resigned
AARCO SERVICES LIMITED
corporate-nominee-secretary · appointed 2000-03-31 · resigned 2000-12-07
Resigned
PEET, John
director · ~84y · appointed 2000-12-07 · resigned 2006-03-16
Resigned
ROBERTS, Julia Clare
director · ~71y · appointed 2000-12-07 · resigned 2024-12-02
Resigned
AARCO NOMINEES LIMITED
corporate-nominee-director · appointed 2000-03-31 · resigned 2000-12-07
Resigned

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

Recent filings (72 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-06-16
dissolution-application-strike-off-company
dissolution · DS01
2026-06-08
certificate-change-of-name-company
change-of-name · CERTNM
2025-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-02
accounts-with-accounts-type-dormant
accounts · AA
2025-02-07
termination-director-company-with-name-termination-date
officers · TM01
2024-12-09
accounts-with-accounts-type-dormant
accounts · AA
2024-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-13
accounts-with-accounts-type-dormant
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-09-12
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-09-12
accounts-with-accounts-type-dormant
accounts · AA
2022-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-31
accounts-with-accounts-type-dormant
accounts · AA
2021-05-10