FLOORS IN WOOD LIMITED

💤Zombieactive
SC197461 · ltd · incorporated 1999-06-23
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 Jun 2025
Net worth
£-1.6k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: Cash flow review and working-capital discipline. Cash down -50% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

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
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
73 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
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,572
Net assets shrinking
Down £1,800 YoY
Cash draining
Cash down 50% YoY
Cash YoY
-50%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£20k
↓ 50% YoY
Net Worth
-£2k
↓ 789% YoY
Current Assets
£82k
↓ 5.8% YoY
Current Liabilities
—
-£2k£16k£34k£52k£70k£87kJun 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£8.4k£2.8k
Current assets£82.3k£87.3k
Cash£20.4k£40.5k
Debtors£48.0k£32.2k
Net assets£-1.6k£228

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-08-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2018-08-10
    📄
    change-to-a-person-with-significant-control-without-name-date
    persons-with-significant-control · PSC04
  12. 2018-08-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2018-08-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2018-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2018-08-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2018-08-09
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  17. 2018-07-29
    ➕
    WHYTE, Rachael Anne appointed
    secretary
  18. 2018-07-29
    ➕
    WHYTE, Rachael Anne appointed
    director
  19. 2018-07-28
    ➖
    WHYTE, Peter James resigned
    secretary
  20. 2018-07-28
    ➖
    WHYTE, Peter James resigned
    director
  21. 2016-06-14
    ➖
    WHYTE, Sheilagh Margaret resigned
    director
  22. 2004-05-24
    ➖
    MCBRIER, Neil resigned
    director
  23. 1999-06-23
    🏢
    Company incorporated
    As FLOORS IN WOOD LIMITED
  24. 1999-06-23
    ➕
    WHYTE, Peter James appointed
    secretary
  25. 1999-06-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 1999-06-23
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 1999-06-23
    ➕
    MCBRIER, Neil appointed
    director
  28. 1999-06-23
    ➕
    WHYTE, Peter James appointed
    director
  29. 1999-06-23
    ➕
    WHYTE, Sheilagh Margaret appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
Miss Rachael Anne Whyte
Individual · British · DOB 02/1982 · age 44
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · trust interest · firm interest29/07/2018
1 historic (ceased) PSC
  • Mr Peter James Whyteceased 28/07/2018· 75-100% shares

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

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
Incorporated1999-06-23
Jurisdictionscotland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

Kiamara House Unit 19
Eastfield Business Park, Newark
Road South, Glenrothes
Fife
KY7 4NS

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-24
Last: 2025-08-10

Officers (2 active · 5 resigned)

WHYTE, Rachael Anne→
secretary · appointed 2018-07-29
View their other companies + combined net worth →
Active
WHYTE, Rachael Anne→
director · ~44y · appointed 2018-07-29
View their other companies + combined net worth →
Active
WHYTE, Peter James→
secretary · appointed 1999-06-23 · resigned 2018-07-28
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-06-23 · resigned 1999-06-23
Resigned
MCBRIER, Neil→
director · ~65y · appointed 1999-06-23 · resigned 2004-05-24
Resigned
WHYTE, Peter James→
director · ~71y · appointed 1999-06-23 · resigned 2018-07-28
Resigned
WHYTE, Sheilagh Margaret→
director · ~75y · appointed 1999-06-23 · resigned 2016-06-14
Resigned

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

Recent filings (73 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-08-26