FIREWORX SCOTLAND LIMITED

💤Zombieactive
SC243524 · ltd · incorporated 2003-02-06
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 Feb 2025
Net worth
£119.3k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 9.1y

45/100
under pressure

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

  • · Oldest live charge is 9.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
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
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
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 £119,257
Net assets shrinking
Down £39,927 YoY
Cash YoY
-14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£60k
↓ 14% YoY
Net Worth
£119k
↓ 25% YoY
Current Assets
£190k
↑ 13% YoY
Current Liabilities
—
£0£38k£76k£114k£152k£190kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£130.4k£177.7k
Current assets£190.3k£169.2k
Cash£60.5k£69.9k
Debtors£90.0k£37.4k
Net assets£119.3k£159.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-04-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2017-04-07
    🔒
    Charge registered #1
    Lender: Svenska Handelsbanken Ab (Publ)
  12. 2016-08-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-11-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-07-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-03-20
    ➕
    NEWLANDS, Donna appointed
    secretary
  18. 2013-03-20
    ➖
    MORGAN, Moira Kitson resigned
    secretary
  19. 2009-01-01
    ➖
    CHRISTIE, Anthony James resigned
    director
  20. 2007-06-01
    ➕
    MORGAN, Moira Kitson appointed
    secretary
  21. 2007-06-01
    ➖
    ROGERSON, Graeme Stewart resigned
    secretary
  22. 2007-06-01
    ➖
    ROGERSON, Graeme Stewart resigned
    director
  23. 2006-04-01
    ➖
    MACKENZIE, Clint resigned
    director
  24. 2005-09-08
    ➖
    ROSS, Neil Sellar resigned
    director
  25. 2003-12-31
    ➖
    STRACHAN, Peter Edward resigned
    director
  26. 2003-02-15
    ➕
    COPLAND, Mark Alexander appointed
    director
  27. 2003-02-15
    ➕
    CHRISTIE, Anthony James appointed
    director
  28. 2003-02-15
    ➕
    MACKENZIE, Clint appointed
    director
  29. 2003-02-15
    ➕
    ROSS, Neil Sellar appointed
    director
  30. 2003-02-06
    🏢
    Company incorporated
    As FIREWORX SCOTLAND LIMITED
  31. 2003-02-06
    ➕
    ROGERSON, Graeme Stewart appointed
    secretary
  32. 2003-02-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  33. 2003-02-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  34. 2003-02-06
    ➕
    ROGERSON, Graeme Stewart appointed
    director
  35. 2003-02-06
    ➕
    STRACHAN, Peter Edward 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

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mark Alexander Copland
Individual · British · DOB 03/1971 · age 55
75–100%
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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EZSALES LTD→
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————2y——
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SC539369 · est 2016 · no financials extracted
————9y——
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———————
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SC844412 · est 2025 · no financials extracted
————1y——
FINNIE HOLDINGS LTD.→
SC229322 · est 2002 · no financials extracted
————24y——
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————22y——
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SC773559 · est 2023 · no financials extracted
————2y——
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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2003-02-06
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Craigforthie
Inverurie
Aberdeenshire
AB51 0LT

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (2 active · 8 resigned)

NEWLANDS, Donna→
secretary · appointed 2013-03-20
View their other companies + combined net worth →
Active
COPLAND, Mark Alexander→
director · ~55y · appointed 2003-02-15
View their other companies + combined net worth →
Active
MORGAN, Moira Kitson→
secretary · appointed 2007-06-01 · resigned 2013-03-20
Resigned
ROGERSON, Graeme Stewart→
secretary · appointed 2003-02-06 · resigned 2007-06-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-02-06 · resigned 2003-02-06
Resigned
CHRISTIE, Anthony James→
director · ~56y · appointed 2003-02-15 · resigned 2009-01-01
Resigned
MACKENZIE, Clint→
director · ~55y · appointed 2003-02-15 · resigned 2006-04-01
Resigned
ROGERSON, Graeme Stewart→
director · ~55y · appointed 2003-02-06 · resigned 2007-06-01
Resigned
ROSS, Neil Sellar→
director · ~60y · appointed 2003-02-15 · resigned 2005-09-08
Resigned
STRACHAN, Peter Edward→
director · ~55y · appointed 2003-02-06 · resigned 2003-12-31
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Svenska Handelsbanken Ab (Publ)
A registered charge—07/04/2017—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-27
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-26
confirmation-statement-with-updates
confirmation-statement · CS01
2019-01-28