FLYNTSTART LIMITED

💤Zombieactive

SC241656 · ltd · incorporated 2002-12-30

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

—

book net assets

Opportunity

73/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 8 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

8 live charges · oldest 23.1y

45/100

under pressure

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

· Oldest live charge is 23.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

5 officers (2 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	1	100

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

filings

Last 90 days

filings

• 2 officers
• 1 confirmation-statement
• 1 address

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 address

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-02-13
📄
change-person-secretary-company-with-change-date
officers · CH03
2026-02-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-13
📄
change-person-director-company-with-change-date
officers · CH01
2026-02-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-11-28
➕
WELSING, Helen Eno appointed
secretary
2012-11-28
➖
BLACKADDERS LLP resigned
corporate-secretary
2008-04-01
➖
BLACKADDERS resigned
corporate-nominee-secretary
2008-04-01
➕
BLACKADDERS LLP appointed
corporate-secretary
2007-03-30
🔒
Charge registered #8
Lender: The Royal Bank of Scotland PLC
2005-04-08
🔒
Charge registered #7
Lender: The Royal Bank of Scotland PLC
2004-03-11
🔒
Charge registered #6
Lender: The Royal Bank of Scotland PLC
2004-03-11
🔒
Charge registered #5
Lender: The Royal Bank of Scotland PLC
2004-03-03
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
2003-04-01
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2003-04-01
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2003-03-13
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2003-01-30
➕
WELSING, Helen Eno appointed
director
2003-01-30
➖
MEIKLEJOHN, William Alexander resigned
director
2002-12-30
🏢
Company incorporated
As FLYNTSTART LIMITED
2002-12-30
➕
BLACKADDERS appointed
corporate-nominee-secretary
2002-12-30
➕
MEIKLEJOHN, William Alexander appointed
director

Owner dependency

85/100

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 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100

Likely off-market candidate

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 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

1 low

8 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Ms Helen Eno Welsing Individual · British · DOB 10/1969 · age 57	75–100%	—	75-100% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DISCOVERY DWELLINGS LTD→ SC855000 · est 2025 · no financials extracted	—	—	—	—	—	—	—
EDM PROPERTY MANAGEMENT LTD→ SC752444 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
EXTEND ESTATES LIMITED→ SC212020 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
F&M PROPERTY (DUNDEE) LTD→ SC467979 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
FIELDSTREAM LIMITED→ SC169444 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
FINE NEST PROPERTY MANAGEMENT LTD→ SC722248 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
FJE PROPERTY INVESTMENTS LIMITED→ SC223111 · est 2001 · no financials extracted	—	—	—	—	24y	—	—
FORFAR ATHLETIC 2016 LIMITED→ SC525242 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
FRASER & MICHELLE PROPERTY LTD→ SC776533 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
FRONT ROW LETTINGS LTD→ SC656958 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
FRUI VITA LTD→ SC577715 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
FS WARD LIMITED→ SC312512 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

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

Incorporated2002-12-30

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

39 Regent House

Smillie Court

Dundee

DD3 6TP

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-30

Last: 2025-12-16

Officers (2 active · 3 resigned)

WELSING, Helen Eno→

secretary · appointed 2012-11-28

View their other companies + combined net worth →

Active

WELSING, Helen Eno→

director · ~57y · appointed 2003-01-30

View their other companies + combined net worth →

Active

BLACKADDERS→

corporate-nominee-secretary · appointed 2002-12-30 · resigned 2008-04-01

Resigned

BLACKADDERS LLP→

corporate-secretary · appointed 2008-04-01 · resigned 2012-11-28

Resigned

MEIKLEJOHN, William Alexander→

director · ~75y · appointed 2002-12-30 · resigned 2003-01-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	30/03/2007	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	08/04/2005	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	11/03/2004	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	11/03/2004	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	5 properties	03/03/2004	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	01/04/2003	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	01/04/2003	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	13/03/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (69 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-13

change-person-secretary-company-with-change-date

officers · CH03

2026-02-13

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-02-13

change-person-director-company-with-change-date

officers · CH01

2026-02-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2026-02-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-09-29