F.S. PROPERTIES LIMITED

💤Zombieactive
SC104234 · ltd · incorporated 1987-04-22
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£151.0k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 35.4y

15/100
under pressure

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

  • · Oldest live charge is 35.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
126 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £151,021
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
↓ 95% YoY
Net Worth
£151k
↑ 5.4% YoY
Current Assets
—
Current Liabilities
—
£0£38k£76k£114k£152k£190kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Cash£9.3k£190.0k
Net assets£151.0k£143.3k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • • 1 confirmation-statement
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 (34 events)Click to expand
  1. 2026-01-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-03
    📍
    move-registers-to-registered-office-company-with-new-address
    address · AD04
  3. 2024-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-06-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-11-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-08-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-08-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-02-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2023-02-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-01-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2023-01-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-01-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-01-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2023-01-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2023-01-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2022-11-16
    ➕
    SLOWEY, Martin John appointed
    director
  20. 2022-11-16
    ➖
    SLOWEY, Frank resigned
    secretary
  21. 2022-11-16
    ➖
    SLOWEY, Alison Margaret resigned
    director
  22. 2022-11-16
    ➖
    SLOWEY, Frank resigned
    director
  23. 2022-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-06-29
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  25. 2022-06-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  26. 2005-01-28
    🔓
    Charge satisfied #4
  27. 2005-01-28
    🔓
    Charge satisfied #3
  28. 2005-01-28
    🔓
    Charge satisfied #2
  29. 2003-02-03
    🔓
    Charge satisfied #1
  30. 1995-12-20
    🔒
    Charge registered #4
    Lender: Frank Slowey and Another
  31. 1995-12-20
    🔒
    Charge registered #3
    Lender: Frank Slowey and Others as Trustees for the Frank Slowey Limited Retirement Fund
  32. 1993-09-29
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  33. 1991-02-07
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  34. 1987-04-22
    🏢
    Company incorporated
    As F.S. PROPERTIES LIMITED

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Martin John Slowey
Individual · British · DOB 02/1967 · age 59
——sig. influencesignificant influence · trust interest · firm interest16/11/2022
2 historic (ceased) PSCs
  • Mrs Alison Margaret Sloweyceased 13/08/2023· 25-50% shares · 25-50% voting
  • Frank Sloweyceased 16/11/2022· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
COMPASS BUILDING AND CONSTRUCTION SERVICES LTD→
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£8.17M
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——12817y8253y
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SC265415 · est 2004
£5.89M
£4.21M–£7.58M
——42622y8468y
HIGHLAND METALS LIMITED→
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£3.87M
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——3549y8871y
HIGHLAND DEEPHAVEN LIMITED→
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£1.97M
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated1987-04-22
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

60 Hamilton Drive
Elgin
IV30 4NJ
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-06-20
Last: 2026-06-06

Officers (1 active · 3 resigned)

SLOWEY, Martin John→
director · ~59y · appointed 2022-11-16
View their other companies + combined net worth →
Active
SLOWEY, Frank→
secretary · resigned 2022-11-16
Resigned
SLOWEY, Alison Margaret→
director · ~82y · resigned 2022-11-16
Resigned
SLOWEY, Frank→
director · ~86y · resigned 2022-11-16
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Frank Slowey and Another
Standard security1 property20/12/199528/01/2005
satisfied
Frank Slowey and Others as Trustees for the Frank Slowey Retirement Fund
Frank Slowey and Others as Trustees for the Frank Slowey Limited Retirement Fund
Standard security1 property20/12/199528/01/2005
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property29/09/199328/01/2005
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property07/02/199103/02/2003

Recent filings (126 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-20
move-registers-to-registered-office-company-with-new-address
address · AD04
2025-07-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-06
change-person-director-company-with-change-date
officers · CH01
2024-06-06
change-person-director-company-with-change-date
officers · CH01
2024-06-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-02-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-08