DAVID S FLEMING LTD

💤Zombieactive
SC291555 · ltd · incorporated 2005-10-11
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 Oct 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. 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: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
55 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
90
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£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-31
Average employees1100

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 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-03-12
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  5. 2024-03-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-03-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-03-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2023-11-17
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2023-04-26
    ➕
    FLEMING, Sheila Helen appointed
    secretary
  10. 2023-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2022-08-16
    ➖
    ARMET, Claire Willis resigned
    secretary
  13. 2022-08-16
    ➖
    ARMET, Claire Willis resigned
    director
  14. 2022-08-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2022-08-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2022-08-16
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2020-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-01-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2005-10-11
    🏢
    Company incorporated
    As DAVID S FLEMING LTD
  22. 2005-10-11
    ➕
    FLEMING, David Scott appointed
    director
  23. 2005-10-11
    ➕
    ARMET, Claire Willis appointed
    secretary
  24. 2005-10-11
    ➕
    HOGG JOHNSTON SECRETARIES LTD. appointed
    corporate-secretary
  25. 2005-10-11
    ➖
    HOGG JOHNSTON SECRETARIES LTD. resigned
    corporate-secretary
  26. 2005-10-11
    ➕
    ARMET, Claire Willis appointed
    director
  27. 2005-10-11
    ➕
    HOGG JOHNSTON DIRECTORS LTD. appointed
    corporate-director
  28. 2005-10-11
    ➖
    HOGG JOHNSTON DIRECTORS LTD. resigned
    corporate-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "FLEMING" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 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 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.
  • 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Scott Fleming
Individual · British · DOB 04/1971 · age 55
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Ms Claire Willis Armetceased 16/08/2022· 25-50% shares · 25-50% voting

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

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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
Incorporated2005-10-11
Jurisdictionscotland
Primary SIC43210 — Electrical installation

Registered office

2 Granville Way
Rosyth
Dunfermline
KY11 2HP
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (2 active · 4 resigned)

FLEMING, Sheila Helen→
secretary · appointed 2023-04-26
View their other companies + combined net worth →
Active
FLEMING, David Scott→
director · ~55y · appointed 2005-10-11
View their other companies + combined net worth →
Active
ARMET, Claire Willis→
secretary · appointed 2005-10-11 · resigned 2022-08-16
Resigned
HOGG JOHNSTON SECRETARIES LTD.→
corporate-secretary · appointed 2005-10-11 · resigned 2005-10-11
Resigned
ARMET, Claire Willis→
director · ~59y · appointed 2005-10-11 · resigned 2022-08-16
Resigned
HOGG JOHNSTON DIRECTORS LTD.→
corporate-director · appointed 2005-10-11 · resigned 2005-10-11
Resigned

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

Recent filings (55 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-20
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-03-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-08
change-person-director-company-with-change-date
officers · CH01
2024-03-08
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-31
termination-director-company-with-name-termination-date
officers · TM01
2022-08-16