FWM INVESTMENTS LIMITED
💤Zombieactive
SC115754 · ltd · incorporated 1989-01-23
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 Aug 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (53/100).
🏦
Refinance opportunity
13 live charges · 3 lenders · oldest 34.6y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.6 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 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
117 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
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
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 | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Average employees | 100 | 100 |
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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
- 2025-05-31📄accounts-with-accounts-type-groupaccounts · AA
- 2025-04-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-02📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-02🔓Charge satisfied #14
- 2025-04-02🔓Charge satisfied #11
- 2024-08-30📄accounts-with-accounts-type-groupaccounts · AA
- 2023-05-29📄accounts-with-accounts-type-groupaccounts · AA
- 2022-08-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-08-09🔒Charge registered #14Lender: The Royal Bank of Scotland PLC
- 2022-05-30📄accounts-with-accounts-type-groupaccounts · AA
- 2022-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-29🔓Charge satisfied #8
- 2022-04-29🔓Charge satisfied #6
- 2022-04-13🔒Charge registered #13Lender: The Royal Bank of Scotland PLC
- 2022-04-13🔒Charge registered #12Lender: The Royal Bank of Scotland PLC
- 2022-04-13🔒Charge registered #11Lender: The Royal Bank of Scotland PLC
- 2022-03-28📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-03-23➖MILNE, Andrew resignedsecretary
- 2021-05-17📄accounts-with-accounts-type-groupaccounts · AA
- 2020-05-29📄accounts-with-accounts-type-groupaccounts · AA
- 2019-05-09📄accounts-with-accounts-type-groupaccounts · AA
- 2018-05-17📄accounts-with-accounts-type-groupaccounts · AA
- 2017-09-04🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2017-09-01🔒Charge registered #10Lender: The Royal Bank of Scotland PLC
- 2016-08-13🔓Charge satisfied #7
- 2014-06-03🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2013-09-10🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2012-11-05🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2010-06-18🔒Charge registered #5Lender: Royal Bank of Scotland PLC
- 2004-06-09🔓Charge satisfied #3
- 2004-04-05🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2004-02-09➕MILNE, Andrew appointedsecretary
- 2003-09-24🔒Charge registered #3Lender: Westhill Development Company Limited
- 2003-02-01➖MILNE, Margaret Anne resignedsecretary
- 2003-02-01➖MILNE, Margaret Anne resigneddirector
- 1991-09-10🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1990-09-11➕MILNE, Margaret Anne appointedsecretary
- 1989-01-23🏢Company incorporatedAs FWM INVESTMENTS LIMITED
Owner dependency
83/100
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.
- +Senior director age: Director aged approximately 59 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple 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 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Fraser William Milne Individual · British · DOB 02/1967 · age 59 | 75–100% | — | 75-100% shares | 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 · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GOODLAD PROPERTIES LIMITED→ SC278555 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| GORDON INVESTMENT CORPORATION LIMITED→ SC122112 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| GRAMPIAN HOMES LIMITED→ SC370080 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| GRAMPIAN PROPERTY BUYERS LTD→ SC711109 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GRAND PROPERTIES ABERDEEN LTD→ SC712912 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GRANITE CITY RENTALS LTD→ SC824447 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GRANTON SA LTD→ SC808064 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GREYMATTER PROPERTY INVESTMENTS LTD→ SC777380 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GREYSTONES LETTINGS LTD→ SC852855 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GRUHAM ASSETS LTD→ SC854448 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GSS NEWBRIDGE LIMITED→ SC738460 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| GSX 46 LTD→ SC766545 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1989-01-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
C/O Inverurie Garden Centre
Old Meldrum Road
Inverurie
AB51 0TP
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-02-04
Last: 2026-01-21
Officers (1 active · 3 resigned)
Active
MILNE, Andrew→
Resignedsecretary · appointed 2004-02-09 · resigned 2022-03-23
MILNE, Margaret Anne→
Resignedsecretary · appointed 1990-09-11 · resigned 2003-02-01
MILNE, Margaret Anne→
Resigneddirector · ~59y · resigned 2003-02-01
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
7
Outstanding
1
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 09/08/2022 | 02/04/2025 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/04/2022 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/04/2022 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 13/04/2022 | 02/04/2025 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 04/09/2017 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 2 properties | 01/09/2017 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 03/06/2014 | 29/04/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 10/09/2013 | 13/08/2016 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/11/2012 | 29/04/2022 | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 18/06/2010 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 05/04/2004 | — | |
| satisfied | Westhill Development Company Westhill Development Company Limited | Standard security | 1 property | 24/09/2003 | 09/06/2004 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/09/1991 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (117 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-16
accounts-with-accounts-type-group
accounts · AA
2025-05-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-group
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-group
accounts · AA
2023-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-08-23
accounts-with-accounts-type-group
accounts · AA
2022-05-30
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-04-29