FLAGSHIP HOTELS LIMITED

💤Zombieactive
SC230503 · ltd · incorporated 2002-04-18
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 Dec 2024
Net worth
£234.4k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 72). 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).

🏦

Refinance opportunity

1 live charge · oldest 4.7y

35/100
under pressure

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

  • · Charge age ~4.7 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 · accounting standard not declared
Positive net assets
Net assets £234,352

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£234k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£234.4k
Debtors£1.0k
Net assets£234.4k

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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-01-31
    🔓
    Charge satisfied #1
  5. 2024-08-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-12-22
    WATERSON, Josephine resigned
    director
  8. 2023-08-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-09-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2021-09-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-08-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  12. 2021-08-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2020-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2019-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2018-09-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-10-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2016-10-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2016-04-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-01-23
    WATERSON, John resigned
    director
  20. 2002-04-18
    🏢
    Company incorporated
    As FLAGSHIP HOTELS LIMITED
  21. 2002-04-18
    WATERSON, Paul Davide Coia appointed
    secretary
  22. 2002-04-18
    WATERSON, Paul Davide Coia appointed
    director
  23. 2002-04-18
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2002-04-18
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  25. 2002-04-18
    WATERSON, John appointed
    director
  26. 2002-04-18
    WATERSON, Josephine 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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — 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 72 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 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.
  • 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.)

Group structure

Jean Armour Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Jean Armour Limited
Corporate parent · holds 75-100% shares
ultimate parent
FLAGSHIP HOTELS LIMITED
This company · SC230503

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Jean Armour Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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
Incorporated2002-04-18
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

67 Capelrig Road
Newton Means
Glasgow
G77 6UF
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18

Officers (2 active · 3 resigned)

WATERSON, Paul Davide Coia
secretary · appointed 2002-04-18
View their other companies + combined net worth →
Active
WATERSON, Paul Davide Coia
director · ~72y · appointed 2002-04-18
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 2002-04-18 · resigned 2002-04-18
Resigned
WATERSON, John
director · ~101y · appointed 2002-04-18 · resigned 2013-01-23
Resigned
WATERSON, Josephine
director · ~97y · appointed 2002-04-18 · resigned 2023-12-22
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge2 properties26/08/202131/01/2025

Recent filings (57 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-31
accounts-with-accounts-type-small
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
termination-director-company-with-name-termination-date
officers · TM01
2024-04-16
accounts-with-accounts-type-small
accounts · AA
2023-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
accounts-with-accounts-type-small
accounts · AA
2022-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-01
accounts-with-accounts-type-small
accounts · AA
2021-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18