FLAYEST LIMITED
⚰️Wound downdissolved
SC091847 · ltd · incorporated 1985-02-26
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 32.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2023
Net worth
£153.1k
book net assets
Opportunity
64/100
Worth a look
What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Special-situation opportunityDistressed construction with salvageable qualities — special-situations priority.
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · oldest 32.1y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 32.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 6 with DOB)
85
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
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £153,131
Net assets shrinking
Down £13 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£153k
~ YoY
Current Assets
£144k
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2023-06-30 | 2022-06-30 |
|---|---|---|
| Total assets | £153.1k | £153.1k |
| Current assets | £144.3k | £144.3k |
| Net assets | £153.1k | £153.1k |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
- 2025-05-27📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2025-05-27🏁Company dissolved
- 2025-03-11📄gazette-notice-voluntarygazette · GAZ1(A)
- 2025-03-05📄dissolution-application-strike-off-companydissolution · DS01
- 2024-03-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-06-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-03-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2017-04-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-03-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-15📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-07-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2014-06-09➖WATSON, James Walker resignedsecretary
- 2014-06-09➖WATSON, James Walker resigneddirector
- 2008-08-07➕WATSON, James Walker appointedsecretary
- 2008-08-07➖FRIARS SECRETARIAT LIMITED resignedcorporate-secretary
- 2003-06-30➖STEPEK, Jan Wladyslaw resigneddirector
- 1998-02-19➕FORSYTH, Thomas Alan appointeddirector
- 1998-02-19➖DICK, Andrew resigneddirector
- 1997-11-13➖FULSTON, George Jones resigneddirector
- 1995-05-19🔓Charge satisfied #1
- 1995-04-29➖GIBB, Robert Dewar resigneddirector
- 1994-12-22➕STEPEK, Jan Wladyslaw appointeddirector
- 1994-04-15🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1994-04-06🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1994-03-25🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1985-02-26🏢Company incorporatedAs FLAYEST LIMITED
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 79 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 41 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-05-27
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Thomas Alan Forsyth Individual · British · DOB 10/1947 · age 79 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Construction · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| STARFISH 9 LTD→ SC358097 · est 2009 | £28.53M £20.38M–£36.68M | £26.35M | — | 5500 | 17y | 95 | 68y |
| ADVANCE FLOORING SOLUTIONS LTD→ SC492317 · est 2014 | £3.21M £2.29M–£4.12M | — | — | 25 | 11y | 83 | 58y |
| LINEAR DESIGN AND CONSTRUCT LIMITED→ SC607605 · est 2018 | £3.13M £2.23M–£4.02M | — | — | 3400 | 7y | 83 | 59y |
| A.C. ELECTRICS (CLELAND) LTD.→ SC269237 · est 2004 | — | — | — | — | 21y | 83 | 62y |
| ADVANCE CONSTRUCTION (SCOTLAND) LIMITED→ SC202570 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 68y |
| ADVANCE UTILITIES (SCOTLAND) LTD→ SC157842 · est 1995 | — | — | — | 53 | 31y | 83 | 68y |
| BRANNOCK DECORATORS LTD.→ SC218053 · est 2001 | — | — | £419.3k | — | 25y | 83 | 63y |
| INTERNOS BUILDERS LTD.→ SC215428 · est 2001 | — | — | £306.4k | — | 25y | 83 | 82y |
| JMS PLANT HIRE LIMITED→ SC191902 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 68y |
| MAQ (AIR CONDITIONING) LIMITED→ SC314817 · est 2007 | — | — | £307.9k | — | 19y | 83 | 70y |
| RSD GLASS WORKS LIMITED→ SC282519 · est 2005 | — | — | £78.6k | — | 21y | 83 | 66y |
| SPECTRUM DECORATING LTD.→ SC172495 · est 1997 | — | — | £222.7k | — | 29y | 83 | 66y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusdissolved
Typeltd
Incorporated1985-02-26
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA
Filing status
Accounts
Next due: —
Last made up to: 2023-06-30
Confirmation statement
Next due: —
Last: 2024-06-13
Officers (0 active · 7 resigned)
FORSYTH, Thomas Alan→
Activedirector · ~79y · appointed 1998-02-19
View their other companies + combined net worth →
WATSON, James Walker→
Resignedsecretary · appointed 2008-08-07 · resigned 2014-06-09
FRIARS SECRETARIAT LIMITED→
Resignedcorporate-secretary · resigned 2008-08-07
DICK, Andrew→
Resigneddirector · ~92y · resigned 1998-02-19
FULSTON, George Jones→
Resigneddirector · ~81y · resigned 1997-11-13
GIBB, Robert Dewar→
Resigneddirector · ~89y · resigned 1995-04-29
STEPEK, Jan Wladyslaw→
Resigneddirector · ~104y · appointed 1994-12-22 · resigned 2003-06-30
WATSON, James Walker→
Resigneddirector · ~95y · resigned 2014-06-09
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 15/04/1994 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 06/04/1994 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 25/03/1994 | 19/05/1995 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (119 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2025-05-27
gazette-notice-voluntary
gazette · GAZ1(A)
2025-03-11
dissolution-application-strike-off-company
dissolution · DS01
2025-03-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-04
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-30