FINANCENET LIMITED

💤Zombieactive
SC193988 · ltd · incorporated 1999-03-04
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
—
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Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
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 86-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-06-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-01-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-12-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-05-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2020-05-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-06-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-09-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-10-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-03-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-11-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2015-03-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-03-17
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  15. 2015-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2014-07-31
    ➖
    GALLACHER, Allan Douglas resigned
    secretary
  17. 2002-12-02
    ➕
    GALLACHER, Allan Douglas appointed
    secretary
  18. 2002-11-25
    ➖
    MACGREGOR, Alexander Rankin resigned
    secretary
  19. 2002-11-25
    ➖
    MACGREGOR, Alexander Rankin resigned
    director
  20. 1999-03-04
    🏢
    Company incorporated
    As FINANCENET LIMITED
  21. 1999-03-04
    ➕
    KENNEDY, Ronald Murray appointed
    director
  22. 1999-03-04
    ➕
    MACGREGOR, Alexander Rankin appointed
    secretary
  23. 1999-03-04
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 1999-03-04
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  25. 1999-03-04
    ➕
    MACGREGOR, Alexander Rankin appointed
    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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 86 — 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 86 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 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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
NameSharesVoting rightsNature of controlNotified
Mr Ronald Murray Kennedy
Individual · British · DOB 03/1940 · age 86
——sig. influencesignificant influence06/04/2016

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

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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.

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Company details

Statusactive
Typeltd
Incorporated1999-03-04
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Waterside Mill
Kennedy Estate
Dalry
Ayrshire
KA24 4ER

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (1 active · 4 resigned)

KENNEDY, Ronald Murray→
director · ~86y · appointed 1999-03-04
View their other companies + combined net worth →
Active
GALLACHER, Allan Douglas→
secretary · appointed 2002-12-02 · resigned 2014-07-31
Resigned
MACGREGOR, Alexander Rankin→
secretary · appointed 1999-03-04 · resigned 2002-11-25
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-03-04 · resigned 1999-03-04
Resigned
MACGREGOR, Alexander Rankin→
director · ~77y · appointed 1999-03-04 · resigned 2002-11-25
Resigned

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

Recent filings (64 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
accounts-with-accounts-type-dormant
accounts · AA
2025-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-06
accounts-with-accounts-type-dormant
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-17
accounts-with-accounts-type-dormant
accounts · AA
2024-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-dormant
accounts · AA
2022-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-04
accounts-with-accounts-type-dormant
accounts · AA
2021-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-dormant
accounts · AA
2020-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04
accounts-with-accounts-type-dormant
accounts · AA
2019-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-11