FSM LLP
💤Zombieactive
OC319638 · llp · incorporated 2006-05-10
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
73/100
Strong
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 73/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
2 live charges · oldest 13.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Average employees | 200 | 200 |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-01-28📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-10-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2025-01-13📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-01-13📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-01-13📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2025-01-13📄cessation-of-a-person-with-significant-control-limited-liability-partnershippersons-with-significant-control · LLPSC07
- 2024-12-31➖MAULEVERER, Barnaby Charles Gowan resignedllp-designated-member
- 2024-12-31➖MAULEVERER, Sophie Diana resignedllp-designated-member
- 2024-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-25📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-11-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-07📍change-registered-office-address-limited-liability-partnership-with-date-old-address-new-addressaddress · LLAD01
- 2023-01-27📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2022-12-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-26📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-21📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2021-01-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-01-20📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2019-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-16📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2019-01-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-16📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2017-09-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-26📄confirmation-statement-with-updatesconfirmation-statement · LLCS01
- 2016-12-17📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-01🔒Charge registered #2Lender: Barclays Bank PLC
- 2014-01-16➕MATHESON, Nadine Anna Maria appointedllp-designated-member
- 2014-01-16➕MAULEVERER, Sophie Diana appointedllp-designated-member
- 2014-01-14🔓Charge satisfied #1
- 2013-02-04🔒Charge registered #1Lender: Barclays Bank PLC
- 2006-05-10🏢Company incorporatedAs FSM LLP
- 2006-05-10➕MATHESON, Alexander Ian appointedllp-designated-member
- 2006-05-10➕MAULEVERER, Barnaby Charles Gowan appointedllp-designated-member
Owner dependency
50/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Alexander Ian Matheson Individual · British · DOB 07/1974 · age 52 | — | — | control reported | 06/04/2016 |
Mrs Nadine Anna Maria Matheson Individual · German · DOB 02/1976 · age 50 | — | — | control reported | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Barnaby Charles Gowan Maulevererceased 31/12/2024· control reported
- Mrs Sophie Diana Maulevererceased 31/12/2024· control reported
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · same sector · EC postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 0 TOUCH HOSTING LTD→ 15812868 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 00339806 LIMITED→ 00339806 · est 1938 · no financials extracted | — | — | — | — | 87y | — | — |
| 00449389 LIMITED→ 00449389 · est 1948 · no financials extracted | — | — | — | — | 78y | — | — |
| 00473581 LIMITED→ 00473581 · est 1949 · no financials extracted | — | — | — | — | 76y | — | — |
| 00591977 LIMITED→ 00591977 · est 1957 · no financials extracted | — | — | — | — | 68y | — | — |
| 007BEAUTY LTD→ 16716456 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 01/17 LTD→ 15994349 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 0125 DISTRIBUTION LTD→ 16527719 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 01254 HOLDINGS LTD→ 16582729 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 01H LIMITED→ 12622223 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| 01ID LTD→ 16185910 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| 072 PROPERTY LTD→ 16907843 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Typellp
Incorporated2006-05-10
Jurisdictionengland-wales
Primary SIC—
Registered office
C/O Saffery, 71
Queen Victoria Street
London
EC4V 4BE
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-29
Last: 2026-01-15
Officers (2 active · 2 resigned)
MATHESON, Alexander Ian→
Activellp-designated-member · ~52y · appointed 2006-05-10
View their other companies + combined net worth →
MATHESON, Nadine Anna Maria→
Activellp-designated-member · ~50y · appointed 2014-01-16
View their other companies + combined net worth →
MAULEVERER, Barnaby Charles Gowan→
Resignedllp-designated-member · ~52y · appointed 2006-05-10 · resigned 2024-12-31
MAULEVERER, Sophie Diana→
Resignedllp-designated-member · ~46y · appointed 2014-01-16 · resigned 2024-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 01/03/2016 | — | |
| satisfied | Barclays Barclays Bank PLC | Fixed & floating charge | 1 property | 04/02/2013 | 14/01/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-01-21
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-01-13
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-01-13
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2025-01-13
cessation-of-a-person-with-significant-control-limited-liability-partnership
persons-with-significant-control · LLPSC07
2025-01-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-22
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2023-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-26
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-14