FIFEX LTD

💤Zombieactive
SC246468 · ltd · incorporated 2003-03-26
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 Mar 2025
Net worth
£-7.7k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 85/100. 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: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 16.6y

45/100
under pressure

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

  • · Oldest live charge is 16.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
84 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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £7,742

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£8k
~ YoY
Current Assets
—
Current Liabilities
—
-£8k-£8k-£8k-£8k-£8k-£8kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£-7.7k£-7.7k
Net assets£-7.7k£-7.7k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-12-19
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  2. 2025-12-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-12-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-12-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-12-02
    ➖
    BOYD, Jane resigned
    director
  6. 2025-11-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-11-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-11-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-06-09
    ➖
    BAGGALEY, Carole resigned
    director
  13. 2020-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-05-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2019-05-09
    🔓
    Charge satisfied #1
  17. 2018-10-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-03-22
    ➕
    BAGGALEY, Carole appointed
    director
  19. 2018-03-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2017-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2014-09-30
    ➕
    BOYD, Jane appointed
    director
  22. 2012-11-30
    ➖
    HARVEY, Michael Craig resigned
    director
  23. 2009-10-21
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Scotland PLC
  24. 2009-07-24
    ➖
    MAIN, Alistair Beattie resigned
    director
  25. 2009-01-30
    ➖
    GARDINER, Carl resigned
    director
  26. 2007-01-26
    ➕
    BOYD, Kenneth Mark appointed
    secretary
  27. 2007-01-26
    ➖
    THORNTONS LAW LLP resigned
    corporate-secretary
  28. 2004-12-01
    ➕
    THORNTONS LAW LLP appointed
    corporate-secretary
  29. 2004-11-30
    ➖
    THORNTONS WS resigned
    corporate-secretary
  30. 2003-05-16
    ➕
    GARDINER, Carl appointed
    director
  31. 2003-04-08
    ➕
    BOYD, Kenneth Mark appointed
    director
  32. 2003-04-08
    ➕
    HARVEY, Michael Craig appointed
    director
  33. 2003-04-08
    ➖
    HUTCHESON, Iain Henderson resigned
    director
  34. 2003-04-08
    ➕
    MAIN, Alistair Beattie appointed
    director
  35. 2003-03-26
    🏢
    Company incorporated
    As FIFEX LTD
  36. 2003-03-26
    ➕
    THORNTONS WS appointed
    corporate-secretary
  37. 2003-03-26
    ➕
    HUTCHESON, Iain Henderson 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
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Mark Boyd
Individual · British · DOB 02/1981 · age 45
——sig. influencesignificant influence06/04/2016

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

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
Incorporated2003-03-26
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Cairnfield 14 School Road
Balmullo
St. Andrews
Fife
KY16 0BD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26

Officers (2 active · 8 resigned)

BOYD, Kenneth Mark→
secretary · appointed 2007-01-26
View their other companies + combined net worth →
Active
BOYD, Kenneth Mark→
director · ~45y · appointed 2003-04-08
View their other companies + combined net worth →
Active
THORNTONS LAW LLP→
corporate-secretary · appointed 2004-12-01 · resigned 2007-01-26
Resigned
THORNTONS WS→
corporate-secretary · appointed 2003-03-26 · resigned 2004-11-30
Resigned
BAGGALEY, Carole→
director · ~66y · appointed 2018-03-22 · resigned 2020-06-09
Resigned
BOYD, Jane→
director · ~37y · appointed 2014-09-30 · resigned 2025-12-02
Resigned
GARDINER, Carl→
director · ~69y · appointed 2003-05-16 · resigned 2009-01-30
Resigned
HARVEY, Michael Craig→
director · ~46y · appointed 2003-04-08 · resigned 2012-11-30
Resigned
HUTCHESON, Iain Henderson→
director · ~64y · appointed 2003-03-26 · resigned 2003-04-08
Resigned
MAIN, Alistair Beattie→
director · ~70y · appointed 2003-04-08 · resigned 2009-07-24
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
Lloyds Tsb Scotland PLC
Bond & floating charge1 property21/10/200909/05/2019

Recent filings (84 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-09
change-person-secretary-company-with-change-date
officers · CH03
2025-12-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-18
change-person-director-company-with-change-date
officers · CH01
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-12-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-30
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-01