FLEMINGS GARAGE EQUIPMENT LIMITED

💤Zombieactive
SC224592 · ltd · incorporated 2001-10-25
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 Oct 2024
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Repair of machinery
Sector: Manufacturing
ALSO REGISTERED FOR
  • 33140SIC 33140
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2023-11-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-05-11
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2023-04-18
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2023-04-12
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2023-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-07-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-07-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-07-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2017-07-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2017-07-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-07-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-07-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-10-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-10-27
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  19. 2015-08-24
    SPENCE, Caroline resigned
    secretary
  20. 2005-08-11
    FLEMING, Ann Scott resigned
    secretary
  21. 2005-03-09
    FLEMING, Ann Scott appointed
    secretary
  22. 2001-11-06
    FLEMING, Derek appointed
    director
  23. 2001-11-06
    SPENCE, Caroline appointed
    secretary
  24. 2001-11-06
    PF & S (SECRETARIES) LIMITED resigned
    corporate-nominee-secretary
  25. 2001-11-06
    PF & S (DIRECTORS) LIMITED resigned
    corporate-nominee-director
  26. 2001-10-25
    🏢
    Company incorporated
    As FLEMINGS GARAGE EQUIPMENT LIMITED
  27. 2001-10-25
    PF & S (SECRETARIES) LIMITED appointed
    corporate-nominee-secretary
  28. 2001-10-25
    PF & S (DIRECTORS) 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.
  • +Founder name in company name: Company name contains director surname "FLEMING" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2023-11-08

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Derek Fleming
Individual · British · DOB 07/1961 · age 65
75100%
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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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 →
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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
Incorporated2001-10-25
Jurisdictionscotland
Primary SIC33120 — Repair of machinery

Registered office

24 Rosehill
Montrose
Angus
DD10 8RZ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2023-11-08OVERDUE
Last: 2022-10-25

Officers (1 active · 4 resigned)

FLEMING, Derek
director · ~65y · appointed 2001-11-06
View their other companies + combined net worth →
Active
FLEMING, Ann Scott
secretary · appointed 2005-03-09 · resigned 2005-08-11
Resigned
SPENCE, Caroline
secretary · appointed 2001-11-06 · resigned 2015-08-24
Resigned
PF & S (SECRETARIES) LIMITED
corporate-nominee-secretary · appointed 2001-10-25 · resigned 2001-11-06
Resigned
PF & S (DIRECTORS) LIMITED
corporate-nominee-director · appointed 2001-10-25 · resigned 2001-11-06
Resigned

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

Recent filings (66 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-07-30
accounts-with-accounts-type-dormant
accounts · AA
2023-11-10
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2023-05-11
gazette-notice-voluntary
gazette · GAZ1(A)
2023-04-18
dissolution-application-strike-off-company
dissolution · DS01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2018-10-25