FWM DEVELOPMENTS LIMITED
💤Zombieactive
SC277836 · ltd · incorporated 2004-12-23
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 2025
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 20.2y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 20.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · 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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 5 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-12-31 | 2024-12-31 |
|---|
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
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 2 gazette
- • 2 accounts
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2026-01-10📄gazette-filings-brought-up-to-dategazette · DISS40
- 2026-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2026-01-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-12-09📄gazette-notice-compulsorygazette · GAZ1
- 2024-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-05-15📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2024-04-30📄gazette-notice-compulsorygazette · GAZ1
- 2024-03-09📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-02-13📄gazette-notice-compulsorygazette · GAZ1
- 2023-04-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-18🔓Charge satisfied #5
- 2023-03-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-03-28🔓Charge satisfied #2
- 2022-12-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-20🔒Charge registered #7Lender: Together Commercial Finance LTD
- 2022-12-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-12-07🔒Charge registered #6Lender: Together Commercial Finance LTD
- 2022-12-06🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2022-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-04-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-06🔓Charge satisfied #4
- 2022-04-06🔓Charge satisfied #3
- 2021-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2015-01-10🔓Charge satisfied #1
- 2013-03-18➖WONG, Chung Man resignedsecretary
- 2012-04-18➖MOIR, Calum resigneddirector
- 2008-12-01➕WONG, Chung Man appointedsecretary
- 2008-12-01➖COHEN & CO SOLICITORS resignedcorporate-secretary
- 2008-04-23🔒Charge registered #5Lender: Lloyds Tsb Scotland PLC
- 2007-08-24🔒Charge registered #4Lender: Lloyds Tsb Scotland PLC
- 2007-08-24🔒Charge registered #3Lender: Lloyds Tsb Scotland PLC
- 2007-06-20➖MOIR, Hamish John resigneddirector
- 2006-09-01➕WONG, Kaye Hoi Yan appointeddirector
- 2006-05-23🔒Charge registered #2Lender: Lloyds Tsb Scotland PLC
- 2006-03-24➕MOIR, Hamish John appointeddirector
- 2006-02-23🔒Charge registered #1Lender: Lloyds Tsb Scotland PLC
- 2006-02-01➖FORSYTH, Andrew resigneddirector
- 2006-02-01➖WONG, Chung resigneddirector
- 2006-01-18➕MOIR, Calum appointeddirector
- 2004-12-23🏢Company incorporatedAs FWM DEVELOPMENTS LIMITED
- 2004-12-23➕COHEN & CO SOLICITORS appointedcorporate-secretary
- 2004-12-23➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-12-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2004-12-23➕FORSYTH, Andrew appointeddirector
- 2004-12-23➕WONG, Chung appointeddirector
Owner dependency
85/100
Critical — business is the founderThe 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 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 21 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Kaye Hoi Yan Wong Individual · British · DOB 05/1974 · age 52 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Kaye Hoi Yan Wong Individual · British · DOB 05/1974 · age 52 | — | — | sig. influencesignificant influence | 06/04/2016 |
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 →Similar companies
Active · Property · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| SJMC PROPERTY LTD→ SC767624 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| SOLUTIONS SUBSEA LTD→ SC455552 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| SR DAVIDSON PROPERTY DEVELOPMENTS LTD→ SC390901 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| TABASS LTD.→ SC222547 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| THISTLE HOUSE PROPERTY MANAGEMENT LIMITED→ SC690926 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| THT MCBEY LTD→ SC569422 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| TIGH PROPERTIES LIMITED→ SC724676 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| TIME4 PROPERTY SERVICES LIMITED→ SC792734 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| TOORPROPS LIMITED→ SC795481 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| TORLUNDIE PROPERTY HOLDINGS LTD→ SC847457 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TROUBADOUR MANAGEMENT LIMITED→ SC755847 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| TYRONE PETROLEUM CONSULTANTS LIMITED→ SC141414 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
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
Incorporated2004-12-23
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
28 Forest Road
Aberdeen
AB15 4BS
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-07-01
Last: 2025-06-17
Officers (1 active · 7 resigned)
WONG, Kaye Hoi Yan→
Activedirector · ~52y · appointed 2006-09-01
View their other companies + combined net worth →
WONG, Chung Man→
Resignedsecretary · appointed 2008-12-01 · resigned 2013-03-18
COHEN & CO SOLICITORS→
Resignedcorporate-secretary · appointed 2004-12-23 · resigned 2008-12-01
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-12-23 · resigned 2004-12-23
FORSYTH, Andrew→
Resigneddirector · ~63y · appointed 2004-12-23 · resigned 2006-02-01
MOIR, Calum→
Resigneddirector · ~64y · appointed 2006-01-18 · resigned 2012-04-18
MOIR, Hamish John→
Resigneddirector · ~67y · appointed 2006-03-24 · resigned 2007-06-20
WONG, Chung→
Resigneddirector · ~64y · appointed 2004-12-23 · resigned 2006-02-01
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
3
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance LTD | A registered charge | 2 properties | 20/12/2022 | — | |
| outstanding | Together Money Together Commercial Finance LTD | A registered charge | — | 07/12/2022 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 06/12/2022 | — | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 23/04/2008 | 18/04/2023 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 24/08/2007 | 06/04/2022 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 24/08/2007 | 06/04/2022 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Mortgage | 1 property | 23/05/2006 | 28/03/2023 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Scotland PLC | Standard security | 1 property | 23/02/2006 | 10/01/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-09
gazette-notice-compulsory
gazette · GAZ1
2025-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-26
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-05-15
gazette-notice-compulsory
gazette · GAZ1
2024-04-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
gazette-notice-compulsory
gazette · GAZ1
2024-02-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-18