FIVE ON FIVE LIMITED

💤Zombieactive
SC279015 · ltd · incorporated 2005-01-27
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
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 Jun 2022
Net worth
£8
book net assets
Opportunity
58/100
Worth a look
🔔
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What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
Special-situation opportunity
Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 58/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.3y

30/100
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.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
58/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
60
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £8

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£8
Current Assets
£8
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2022-06-30
Total assets£8
Current assets£8
Debtors£8
Net assets£8

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
1
filing
  • • 1 address
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2022-11-10
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  3. 2022-10-11
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2022-09-30
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2022-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2022-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-09-04
    📄
    change-person-director-company
    officers · CH01
  12. 2019-09-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-01-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2017-01-20
    🔒
    Charge registered #2
    Lender: Unity Trust Bank PLC
  17. 2017-01-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2017-01-19
    🔓
    Charge satisfied #1
  19. 2016-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2016-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2009-12-22
    ➖
    SAYERS, Alan resigned
    director
  22. 2009-12-22
    ➕
    WHELAN, Alexander appointed
    director
  23. 2009-12-22
    ➖
    WHELAN, Alexander resigned
    director
  24. 2008-10-01
    ➖
    WHELAN, Alexander resigned
    director
  25. 2005-03-28
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2005-02-14
    ➕
    SAYERS, Alan appointed
    director
  27. 2005-01-27
    🏢
    Company incorporated
    As FIVE ON FIVE LIMITED
  28. 2005-01-27
    ➕
    WHELAN, Morag appointed
    secretary
  29. 2005-01-27
    ➕
    WHELAN, Morag appointed
    director
  30. 2005-01-27
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 2005-01-27
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 2005-01-27
    ➕
    WHELAN, Alexander 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 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
Strong succession signal

Multiple 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.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-03-31

Confirmation statement overdue
high

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

Evidence: Next due: 2024-02-10

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alex Whelan
Individual · British · DOB 09/1955 · age 71
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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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ARGYLL MAUSOLEUM LIMITED→
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SC139465 · est 1992 · no financials extracted
————33y8367y
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SC251697 · est 2003
———122y8382y
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SC138628 · est 1992 · no financials extracted
————34y8376y
STAGE HIRE SCOTLAND LTD.→
SC337290 · est 2008
——£2.00M—18y8360y
THE DALMALLY COMMUNITY COMPANY→
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————24y8384y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2005-01-27
Jurisdictionscotland
Primary SIC93110 — Operation of sports facilities

Registered office

100 New Sneddon Street
Paisley
PA3 2BD
Scotland

Filing status

Accounts
Next due: 2024-03-31OVERDUE
Last made up to: 2022-06-30
Confirmation statement
Next due: 2024-02-10OVERDUE
Last: 2023-01-27

Officers (2 active · 4 resigned)

WHELAN, Morag→
secretary · appointed 2005-01-27
View their other companies + combined net worth →
Active
WHELAN, Morag→
director · ~55y · appointed 2005-01-27
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-01-27 · resigned 2005-01-27
Resigned
SAYERS, Alan→
director · ~55y · appointed 2005-02-14 · resigned 2009-12-22
Resigned
WHELAN, Alexander→
director · ~71y · appointed 2009-12-22 · resigned 2009-12-22
Resigned
WHELAN, Alexander→
director · ~71y · appointed 2005-01-27 · resigned 2008-10-01
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Unity Trust Bank
Unity Trust Bank PLC
A registered charge—20/01/2017—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/03/200519/01/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-16
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2022-11-10
gazette-notice-voluntary
gazette · GAZ1(A)
2022-10-11
dissolution-application-strike-off-company
dissolution · DS01
2022-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-06
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-21
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27
change-person-director-company
officers · CH01
2019-09-04