FRAMED IMAGES GALLERIES LIMITED

💤Zombieactive
SC190183 · ltd · incorporated 1998-10-12
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 material changes in the last 90 days.

Last 180 days

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

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£75.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 27.6y

45/100
under pressure

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

  • · Oldest live charge is 27.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
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
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £75,247

Key financials

1 year extracted from filed iXBRL accounts
Cash
£6k
Net Worth
£75k
Current Assets
£128k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-31
Total assets£75.2k
Current assets£127.9k
Cash£6.3k
Debtors£58.1k
Net assets£75.2k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-12-28
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2023-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-10-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2010-04-01
    ➕
    STEEDMAN, Peter appointed
    secretary
  16. 2010-03-31
    ➖
    CLYDESDALE, Gail resigned
    secretary
  17. 2006-05-19
    ➕
    CLYDESDALE, Gail appointed
    secretary
  18. 2006-05-18
    ➖
    STEEDMAN, Norma resigned
    secretary
  19. 1999-01-11
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 1998-10-29
    ➕
    STEEDMAN, Peter appointed
    director
  21. 1998-10-29
    ➕
    STEEDMAN, Norma appointed
    secretary
  22. 1998-10-29
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  23. 1998-10-29
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  24. 1998-10-12
    🏢
    Company incorporated
    As FRAMED IMAGES GALLERIES LIMITED
  25. 1998-10-12
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 1998-10-12
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 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 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Peter Steedman
Individual · British · DOB 03/1956 · age 70
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1998-10-12
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Unit 4 Munro Road
Springkerse Industrial Estate
Stirling
FK7 7XQ
Scotland

Filing status

Accounts
Next due: 2026-12-29
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (2 active · 4 resigned)

STEEDMAN, Peter→
secretary · appointed 2010-04-01
View their other companies + combined net worth →
Active
STEEDMAN, Peter→
director · ~70y · appointed 1998-10-29
View their other companies + combined net worth →
Active
CLYDESDALE, Gail→
secretary · appointed 2006-05-19 · resigned 2010-03-31
Resigned
STEEDMAN, Norma→
secretary · appointed 1998-10-29 · resigned 2006-05-18
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1998-10-12 · resigned 1998-10-29
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1998-10-12 · resigned 1998-10-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/01/1999—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-23
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30