VOLPA LIMITED

💤Zombieactive
SC254058 · ltd · incorporated 2003-08-11
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
£-12.3k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Public relations and communications activities
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

1 live charge · oldest 21.3y

45/100
under pressure

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

  • · Oldest live charge is 21.3 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
7 officers (1 active, 7 linked, 3 with DOB)
79
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
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £12,301

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£12k
↓ 68% YoY
Current Assets
£194k
↑ 24% YoY
Current Liabilities
—
-£12k£29k£70k£111k£153k£194kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£-7.3k£27.7k
Current assets£193.8k£156.6k
Cash—£1.6k
Debtors£193.8k£155.0k
Net assets£-12.3k£-7.3k

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

🔒Filing-note intelligence

2 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 (31 events)Click to expand
  1. 2025-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-10-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-25
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2022-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-03-08
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  10. 2021-04-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-01-20
    ➖
    LOGGIE, Henderson resigned
    secretary
  12. 2021-01-20
    ➖
    HENDERSON LOGGIE resigned
    corporate-secretary
  13. 2021-01-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  14. 2021-01-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2020-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-07-23
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2018-05-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2014-12-24
    ➕
    LOGGIE, Henderson appointed
    secretary
  20. 2010-03-11
    ➖
    CHRISTIE, Ian James resigned
    director
  21. 2008-06-16
    ➖
    FOX, Patricia Carol resigned
    secretary
  22. 2008-06-16
    ➕
    HENDERSON LOGGIE appointed
    corporate-secretary
  23. 2008-06-16
    ➖
    FOX, Patricia Carol resigned
    director
  24. 2005-02-01
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  25. 2003-08-11
    🏢
    Company incorporated
    As VOLPA LIMITED
  26. 2003-08-11
    ➕
    FOX, Patricia Carol appointed
    director
  27. 2003-08-11
    ➕
    FOX, Patricia Carol appointed
    secretary
  28. 2003-08-11
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  29. 2003-08-11
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  30. 2003-08-11
    ➕
    CHRISTIE, Ian James appointed
    director
  31. 2003-08-11
    ➕
    FOX, Patricia Carol 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
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Patricia Carol Fox
Individual · British · DOB 06/1976 · age 50
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant 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
Incorporated2003-08-11
Jurisdictionscotland
Primary SIC70210 — Public relations and communications activities

Registered office

2/14, King James Vi Business Centre
Friarton Road
Perth
Perthshire
PH2 8DY
United Kingdom

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-06-14
Last: 2026-05-31

Officers (1 active · 6 resigned)

FOX, Patricia Carol→
director · ~50y · appointed 2003-08-11
View their other companies + combined net worth →
Active
FOX, Patricia Carol→
secretary · appointed 2003-08-11 · resigned 2008-06-16
Resigned
LOGGIE, Henderson→
secretary · appointed 2014-12-24 · resigned 2021-01-20
Resigned
HENDERSON LOGGIE→
corporate-secretary · appointed 2008-06-16 · resigned 2021-01-20
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-08-11 · resigned 2003-08-11
Resigned
CHRISTIE, Ian James→
director · ~50y · appointed 2003-08-11 · resigned 2010-03-11
Resigned
FOX, Patricia Carol→
director · ~50y · appointed 2003-08-11 · resigned 2008-06-16
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
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property01/02/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-31
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-31
change-account-reference-date-company-previous-extended
accounts · AA01
2022-03-08
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-31