FIRESTORM (SCOTLAND) LTD

🌳Matureactive
SC277707 · ltd · incorporated 2004-12-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.2y old — refinance window within 12 months
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
—
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (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: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

1 live charge · oldest 21.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 21.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees500400

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

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-12-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2018-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2017-11-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-12-15
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-01-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-08-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2013-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2007-01-01
    ➕
    MCADAM, Victoria appointed
    director
  19. 2005-04-21
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  20. 2004-12-22
    🏢
    Company incorporated
    As FIRESTORM (SCOTLAND) LTD
  21. 2004-12-22
    ➕
    MCADAM, Victoria appointed
    secretary
  22. 2004-12-22
    ➕
    MCADAM, Craig David appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

61/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-01-04

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Craig David Mcadam
Individual · British · DOB 05/1974 · age 52
25–50%
—25-50% shares01/07/2016

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

Similar companies

Active · Retail · FK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
THE PAINT SHED LIMITED→
SC031414 · est 1956
£8.76M
£6.57M–£10.95M
£23.04M—1050070y8370y
WEB PHARMACY LIMITED→
SC361420 · est 2009
£24.1k
£18.1k–£30.2k
——8317y8451y
GRAMPIAN BLINDS LIMITED→
SC232209 · est 2002
———70024y8364y
KHALSA RETAIL LTD→
SC297040 · est 2006
———130020y8362y
ANGLING ACTIVE LIMITED→
SC194095 · est 1999
———200027y8278y
CAFE ALBERT LIMITED→
SC151077 · est 1994
———3032y8279y
DUNBAR THE JEWELLER LIMITED→
SC150912 · est 1994
——£29.5k—32y8269y
EAST BOLDON VILLAGE PHARMACY LIMITED→
SC224250 · est 2001
——£116.8k—24y8268y
FRAMED IMAGES WORKSHOPS LIMITED→
SC190202 · est 1998
——£31.2k—27y8270y
HARGREAVES RECLAMATION LIMITED→
SC246805 · est 2003
———70023y8268y
JOHN HILL BUTCHER LIMITED→
SC223783 · est 2001
——£120.7k—24y8263y
MAC AUTO ELECTRICS LIMITED→
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———50038y8280y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2004-12-22
Jurisdictionscotland
Primary SIC47599 — Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores

Registered office

95 Grahams Road
Falkirk
FK2 7DD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2025-01-04OVERDUE
Last: 2023-12-21

Officers (3 active · 0 resigned)

MCADAM, Victoria→
secretary · appointed 2004-12-22
View their other companies + combined net worth →
Active
MCADAM, Craig David→
director · ~52y · appointed 2004-12-22
View their other companies + combined net worth →
Active
MCADAM, Victoria→
director · ~52y · appointed 2007-01-01
View their other companies + combined net worth →
Active

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 property21/04/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (50 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-06-07