FLATCIRCLE LIMITED
💤Zombieactive
SC309739 · ltd · incorporated 2006-10-06
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 Apr 2025
Net worth
£91.6k
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 77/100 (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. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 19.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.4 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £91,579
Net assets shrinking
Down £75,485 YoY
Cash YoY
+1112%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£79k
↑ 1112% YoY
Net Worth
£92k
↓ 45% YoY
Current Assets
£144k
↓ 43% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Total assets | £113.3k | £220.9k |
| Current assets | £144.0k | £252.6k |
| Cash | £78.9k | £6.5k |
| Debtors | £51.9k | £232.8k |
| Net assets | £91.6k | £167.1k |
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
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-24📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-03-24📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-03-24📄memorandum-articlesincorporation · MA
- 2025-03-24📄resolutionresolution · RESOLUTIONS
- 2025-03-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-05🔒Charge registered #4Lender: Allica Bank Limited
- 2024-10-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-11-24➖DI CIACCA, Lorenzo Paul resigneddirector
- 2023-11-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-16📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2019-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-05-11🔒Charge registered #3Lender: Aib Group (UK) PLC
- 2017-03-25🔓Charge satisfied #1
- 2017-01-09🔒Charge registered #2Lender: Aib Group (UK) Limited
- 2006-11-25🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2006-10-16➕DI CIACCA, Carlo Angelo appointedsecretary
- 2006-10-16➕DI CIACCA, Carlo Angelo appointeddirector
- 2006-10-16➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2006-10-16➕DI CIACCA, Lorenzo Paul appointeddirector
- 2006-10-16➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 2006-10-06🏢Company incorporatedAs FLATCIRCLE LIMITED
- 2006-10-06➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2006-10-06➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
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 20 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Flatcircle Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Flatcircle Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
FLATCIRCLE LIMITED
This company · SC309739
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Flatcircle Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/03/2025 |
2 historic (ceased) PSCs
- Mr Carlo Angelo Di Ciaccaceased 05/03/2025· 75-100% shares · 75-100% voting · board control
- Mr Lorenzo Paul Di Ciaccaceased 30/04/2024· 25-50% shares · 25-50% voting · board control
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 · Hospitality · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FOODLOVERS MARKET LTD.→ SC516888 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| FOODSAVERS SCOTLAND LIMITED→ SC868278 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FORTUNE IN LTD→ SC875353 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FRONT AND CENTRE BARS LIMITED→ SC800037 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FRUITS IN THE CITY LIMITED→ SC441319 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| FUZE FOOD LTD→ SC727920 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| GALLEON PORTOBELLO LIMITED→ SC825325 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GAW LIMITED→ SC841115 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GETMORE EDINBURGH LIMITED→ SC814147 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GFSC (SCOT) LTD→ SC859569 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GINO'S FISH AND CHIPS LIMITED→ SC842294 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GO4BETTER LTD→ SC643499 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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
Incorporated2006-10-06
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
77 C/O Mclaughlin Crolla
77 Hanover Street
Edinburgh
EH2 1EE
Scotland
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20
Officers (2 active · 3 resigned)
DI CIACCA, Carlo Angelo→
Activesecretary · appointed 2006-10-16
View their other companies + combined net worth →
DI CIACCA, Carlo Angelo→
Activedirector · ~49y · appointed 2006-10-16
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-10-06 · resigned 2006-10-16
DI CIACCA, Lorenzo Paul→
Resigneddirector · ~55y · appointed 2006-10-16 · resigned 2023-11-24
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 2006-10-06 · resigned 2006-10-16
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
3
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Allica Bank Allica Bank Limited | A registered charge | — | 05/03/2025 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) PLC | A registered charge | — | 11/05/2017 | — | |
| outstanding | Aib Group (UK) Aib Group (UK) Limited | A registered charge | — | 09/01/2017 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 25/11/2006 | 25/03/2017 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (70 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-03-24
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-24
memorandum-articles
incorporation · MA
2025-03-24
resolution
resolution · RESOLUTIONS
2025-03-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-30
termination-director-company-with-name-termination-date
officers · TM01
2023-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-06