123 FS LIMITED

💤Zombieactive
10672557 · ltd · incorporated 2017-03-15
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
£245
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £245
High leverage
Liabilities are 100% of total assets
Net assets shrinking
Down £9,571 YoY
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£245
↓ 98% YoY
Current Assets
£36k
↓ 33% YoY
Current Liabilities
£0£11k£22k£32k£43k£54kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£36.0k£9.2k
Current assets£36.0k£54.1k
Net assets£245£9.8k

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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-10-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2023-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-04-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-11-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2018-12-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2018-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2018-11-30
    MATHRANI, Rajesh resigned
    secretary
  17. 2018-11-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2018-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2017-03-15
    🏢
    Company incorporated
    As 123 FS LIMITED
  20. 2017-03-15
    MATHRANI, Rajesh appointed
    director
  21. 2017-03-15
    MATHRANI, Rajesh appointed
    secretary

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Rajesh Mathrani
Individual · British · DOB 06/1981 · age 45
sig. influencesignificant influence15/03/2017

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
Incorporated2017-03-15
Jurisdictionengland-wales
Primary SIC69201 — Accounting and auditing activities

Registered office

1st Floor, Halford House
Coval Lane
Chelmsford
CM1 1TD
England

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (1 active · 1 resigned)

MATHRANI, Rajesh
director · ~45y · appointed 2017-03-15
View their other companies + combined net worth →
Active
MATHRANI, Rajesh
secretary · appointed 2017-03-15 · resigned 2018-11-30
Resigned

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

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-31
change-person-director-company-with-change-date
officers · CH01
2023-06-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-01