FINANCIAL INDEPENDENCE (SCOTLAND) LTD.

💤Zombieactive
SC232317 · ltd · incorporated 2002-06-05
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£984.0k
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). 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 (77/100)

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
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
63 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 £983,974
Cash YoY
+87%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£402k
↑ 87% YoY
Net Worth
£984k
↑ 17% YoY
Current Assets
£809k
↑ 26% YoY
Current Liabilities
—
£0£197k£394k£590k£787k£984kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.00M£860.7k
Current assets£808.7k£642.8k
Cash£402.2k£214.8k
Debtors£406.5k£428.0k
Net assets£984.0k£840.2k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-09-05
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2022-08-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2016-11-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-07-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-11-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2002-06-05
    🏢
    Company incorporated
    As FINANCIAL INDEPENDENCE (SCOTLAND) LTD.
  17. 2002-06-05
    ➕
    MCCRUDDEN, Fiona Anne appointed
    secretary
  18. 2002-06-05
    ➕
    REID, Henry John appointed
    director
  19. 2002-06-05
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  20. 2002-06-05
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  21. 2002-06-05
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  22. 2002-06-05
    ➖
    STEPHEN MABBOTT LTD. 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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — 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 70 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Henry John Reid
Individual · British · DOB 11/1956 · age 70
50–75%
—50-75% shares06/04/2016

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 →

Similar companies

Active · Financial services · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
@SIPP LIMITED→
SC217126 · est 2001
£37.09M
£26.97M–£47.20M
£10.21M—620025y8562y
FLEET ALLIANCE LIMITED→
SC235634 · est 2002
£7.49M
£5.45M–£9.53M
———23y8261y
FORWARD ASSET FINANCE LIMITED→
SC337979 · est 2008
£1.02M
£744.7k–£1.30M
——50018y8364y
COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→
SC301214 · est 2006
£22.3k
£16.2k–£28.3k
——020y8366y
BLAIRSTON ENTERPRISES LIMITED→
SC368750 · est 2009
——£2.38M—16y8372y
CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→
SC200273 · est 1999 · no financials extracted
————26y8359y
FEMALE INDEPENDENT LTD.→
SC245607 · est 2003
——£20.0k—23y8366y
HARRY SMITH, LIMITED→
SC008622 · est 1913
——£1.66M—113y8358y
KELVIN SMITH (INSURANCE BROKERS) LIMITED→
SC301532 · est 2006
——£3.48M—20y8363y
MORTGAGE ADVICE BROKERAGE LTD→
SC336489 · est 2008
———150018y8358y
NITRON INVESTMENTS LIMITED→
SC047915 · est 1970
——£431.4k—55y8380y
PENTA CAPITAL INVESTMENTS LIMITED→
SC277543 · est 2004 · no financials extracted
————21y8364y
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
Incorporated2002-06-05
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

1 Ainslie Road
Hillington
Glasgow
G52 4RU

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-06-19
Last: 2026-06-05

Officers (2 active · 2 resigned)

MCCRUDDEN, Fiona Anne→
secretary · appointed 2002-06-05
View their other companies + combined net worth →
Active
REID, Henry John→
director · ~70y · appointed 2002-06-05
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2002-06-05 · resigned 2002-06-05
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2002-06-05 · resigned 2002-06-05
Resigned

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

Recent filings (63 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-16
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-09-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-11