KARNOT LIMITED

💤Zombieactive
SC300028 · ltd · incorporated 2006-03-31
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 Mar 2025
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: SIC 21100
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 62). 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 (73/100).

Data confidence

Overall: medium (78/100)

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
3 officers (1 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review 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£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

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. 2025-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-04-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-11-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2022-12-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-10-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-01-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-12-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-12-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2016-12-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-04-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-12-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2015-04-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-12-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2014-04-23
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  16. 2014-04-23
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2012-08-06
    SNELLGROVE, Lorraine Dorothy resigned
    secretary
  18. 2012-08-06
    SNELLGROVE, Lorraine Dorothy resigned
    director
  19. 2006-03-31
    🏢
    Company incorporated
    As KARNOT LIMITED
  20. 2006-03-31
    COX, Stuart Edmund appointed
    director
  21. 2006-03-31
    SNELLGROVE, Lorraine Dorothy appointed
    secretary
  22. 2006-03-31
    SNELLGROVE, Lorraine Dorothy appointed
    director

Owner dependency

93/100
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 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 20 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: 2026-04-13

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Stuart Edmund Cox
Individual · United Kingdom · DOB 07/1964 · age 62
75100%
75–100%75-100% shares · 75-100% voting01/07/2016

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.

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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 →
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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
Incorporated2006-03-31
Jurisdictionscotland
Primary SIC21100 — SIC 21100

Registered office

8 Mitchell Street
Leven
Fife
KY8 4HJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-04-13OVERDUE
Last: 2025-03-30

Officers (1 active · 2 resigned)

COX, Stuart Edmund
director · ~62y · appointed 2006-03-31
View their other companies + combined net worth →
Active
SNELLGROVE, Lorraine Dorothy
secretary · appointed 2006-03-31 · resigned 2012-08-06
Resigned
SNELLGROVE, Lorraine Dorothy
director · ~63y · appointed 2006-03-31 · resigned 2012-08-06
Resigned

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

Recent filings (48 total)

accounts-with-accounts-type-dormant
accounts · AA
2025-12-16
accounts-with-accounts-type-dormant
accounts · AA
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-18
accounts-with-accounts-type-dormant
accounts · AA
2023-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-dormant
accounts · AA
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-18
accounts-with-accounts-type-dormant
accounts · AA
2021-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
accounts-with-accounts-type-dormant
accounts · AA
2021-01-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-30
accounts-with-accounts-type-dormant
accounts · AA
2019-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-01
accounts-with-accounts-type-dormant
accounts · AA
2018-12-27