ROOT2 LIMITED

💤Zombieactive
SC200405 · ltd · incorporated 1999-09-29
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 Sept 2024
Net worth
£68.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 26110
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 85-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 85). 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 (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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £68,349

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£68k
↑ 7.0% YoY
Current Assets
£43k
↑ 11% YoY
Current Liabilities
—
£0£14k£27k£41k£55k£68kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£68.3k£63.9k
Current assets£42.5k£38.2k
Net assets£68.3k£63.9k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-05-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-05-13
    ➖
    FASHONI, Bernard Michael resigned
    director
  7. 2023-05-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-04-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-10-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-06-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-06-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-06-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-06-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2004-05-24
    ➖
    MILNE, Bruce resigned
    director
  17. 2002-12-15
    ➖
    WONFOR, Colin James resigned
    director
  18. 2002-12-12
    ➕
    FASHONI, Bernard Michael appointed
    director
  19. 1999-09-29
    🏢
    Company incorporated
    As ROOT2 LIMITED
  20. 1999-09-29
    ➕
    MEAD, Tom Colin appointed
    secretary
  21. 1999-09-29
    ➕
    MEAD, Tom Colin appointed
    director
  22. 1999-09-29
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  23. 1999-09-29
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  24. 1999-09-29
    ➕
    MILNE, Bruce appointed
    director
  25. 1999-09-29
    ➕
    WONFOR, Colin James appointed
    director
  26. 1999-09-29
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  27. 1999-09-29
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — 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 85 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Tom Colin Mead
Individual · British · DOB 12/1941 · age 85
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
Mrs Jean Fashioni
Individual · British · DOB 03/1952 · age 74
25–50%
25–50%25-50% shares · 25-50% voting28/11/2023
1 historic (ceased) PSC
  • Mr Bernard Fashioniceased 15/05/2023· 25-50% shares · 25-50% voting · board control

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
Incorporated1999-09-29
Jurisdictionscotland
Primary SIC26110 — SIC 26110

Registered office

3 St. Davids Business Park
Dalgety Bay
Fife
KY11 9PF

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 5 resigned)

MEAD, Tom Colin→
secretary · appointed 1999-09-29
View their other companies + combined net worth →
Active
MEAD, Tom Colin→
director · ~85y · appointed 1999-09-29
View their other companies + combined net worth →
Active
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 1999-09-29 · resigned 1999-09-29
Resigned
FASHONI, Bernard Michael→
director · ~79y · appointed 2002-12-12 · resigned 2023-05-13
Resigned
MILNE, Bruce→
director · ~86y · appointed 1999-09-29 · resigned 2004-05-24
Resigned
WONFOR, Colin James→
director · ~73y · appointed 1999-09-29 · resigned 2002-12-15
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 1999-09-29 · resigned 1999-09-29
Resigned

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

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-08
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-28
termination-director-company-with-name-termination-date
officers · TM01
2023-05-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-14