SWORD (NURSERY) LIMITED

💤Zombieactive
SC185199 · ltd · incorporated 1998-04-21
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 Jun 2025
Net worth
£1.24M
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (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: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 28.0y

30/100
under pressure

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

  • · Oldest live charge is 28.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
82 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £1,240,967
Cash YoY
+7%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£460k
↑ 7.0% YoY
Net Worth
£1.2m
↑ 3.6% YoY
Current Assets
£622k
↑ 15% YoY
Current Liabilities
£0£248k£496k£745k£993k£1.2mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£1.40M£1.37M
Current assets£622.4k£539.7k
Cash£460.0k£429.7k
Debtors£162.4k£110.0k
Net assets£1.24M£1.20M

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

🔒Filing-note intelligence

2 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 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2021-08-10
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2021-08-09
    FOWDAR, Saraswatee resigned
    secretary
  9. 2021-08-09
    FOWDAR, Ajay resigned
    director
  10. 2021-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-11-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2017-11-22
    🔓
    Charge satisfied #3
  16. 2017-04-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-05-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2007-10-03
    🔒
    Charge registered #4
    Lender: Lloyds Tsb Scotland PLC
  19. 2004-03-29
    🔓
    Charge satisfied #2
  20. 2002-07-31
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Scotland PLC
  21. 1998-06-22
    🔒
    Charge registered #2
    Lender: Tsb Bank Scotland PLC
  22. 1998-05-21
    🔒
    Charge registered #1
    Lender: Tsb Bank Scotland PLC
  23. 1998-04-21
    🏢
    Company incorporated
    As SWORD (NURSERY) LIMITED
  24. 1998-04-21
    FOWDAR, Usha Devi appointed
    director
  25. 1998-04-21
    FOWDAR, Saraswatee appointed
    secretary
  26. 1998-04-21
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 1998-04-21
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 1998-04-21
    FOWDAR, Ajay appointed
    director
  29. 1998-04-21
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  30. 1998-04-21
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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.
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • 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 28 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 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
Ms Usha Devi Fowdar
Individual · British · DOB 10/1979 · age 47
2550%
25-50% shares06/04/2016

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 →

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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
Incorporated1998-04-21
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

Robin Hill
Hazelden Road
Mearnskirk
G77 6RR

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-09-01
Last: 2025-08-18

Officers (1 active · 4 resigned)

FOWDAR, Usha Devi
director · ~47y · appointed 1998-04-21
View their other companies + combined net worth →
Active
FOWDAR, Saraswatee
secretary · appointed 1998-04-21 · resigned 2021-08-09
Resigned
FIRST SCOTTISH SECRETARIES LIMITED
corporate-nominee-secretary · appointed 1998-04-21 · resigned 1998-04-21
Resigned
FOWDAR, Ajay
director · ~49y · appointed 1998-04-21 · resigned 2021-08-09
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED
corporate-nominee-director · appointed 1998-04-21 · resigned 1998-04-21
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property03/10/2007
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property31/07/200222/11/2017
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Standard security1 property22/06/199829/03/2004
outstanding
Lloyds Banking Group
Tsb Bank Scotland PLC
Bond & floating charge1 property21/05/1998
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-18
termination-director-company-with-name-termination-date
officers · TM01
2021-08-10
termination-secretary-company-with-name-termination-date
officers · TM02
2021-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-20