FINE STONE LTD
💤Zombieactive
SC337987 · ltd · incorporated 2008-02-18
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 Feb 2025
Net worth
£173.4k
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 47190Other retail sale in non-specialised stores
Investor take
Special-situation opportunityDistressed wholesale with salvageable qualities — special-situations priority.
Opportunity 73/100 (strong), bankability 75/100. Strong seller-intent signal (78/100, director aged 72). 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).
🏦
Refinance opportunity
1 live charge · oldest 14.9y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 14.9 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £173,354
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£173k
↑ 14% YoY
Current Assets
£490k
↑ 19% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-28 |
|---|---|---|
| Total assets | £178.8k | £156.9k |
| Current assets | £489.9k | £411.6k |
| Net assets | £173.4k | £151.5k |
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
1
filing
- • 1 mortgage
Last 180 days
2
filings
- • 1 mortgage
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-03-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-16🔓Charge satisfied #1
- 2025-12-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-05-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-02-14📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-01-24📄gazette-notice-compulsorygazette · GAZ1
- 2022-05-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-05-10📄gazette-notice-compulsorygazette · GAZ1
- 2021-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-05-19📄gazette-filings-brought-up-to-dategazette · DISS40
- 2011-05-24🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2011-04-11➖AFT SECRETARIES LIMITED resignedcorporate-secretary
- 2008-02-19➖FORM 10 SECRETARIES FD LTD resignedcorporate-nominee-secretary
- 2008-02-19➖FORM 10 DIRECTORS FD LTD resignedcorporate-nominee-director
- 2008-02-18🏢Company incorporatedAs FINE STONE LTD
- 2008-02-18➕RASHID, Naveed appointeddirector
- 2008-02-18➕AFT SECRETARIES LIMITED appointedcorporate-secretary
- 2008-02-18➕FORM 10 SECRETARIES FD LTD appointedcorporate-nominee-secretary
- 2008-02-18➕FORM 10 DIRECTORS FD LTD appointedcorporate-nominee-director
Owner dependency
100/100
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 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
93/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-03-01
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Naveed Rashid Individual · British · DOB 05/1954 · age 72 | 75–100% | — | 75-100% shares | 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 · Wholesale & distribution · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FERGUSON WHISKY LIMITED→ SC705544 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FH WHOLESALE LIMITED→ SC841041 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIFTH TASTE QUALITY IMPORTS LTD→ SC734040 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FIRST HALAL MEAT LTD→ SC707980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FIVEQUESTIONS LTD→ SC809115 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FKBTEX LIMITED→ SC884014 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FOLOG LTD→ SC858557 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FORNAX TRADING LIMITED→ SC709904 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FPP (SCOTLAND) LIMITED→ SC353433 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| FRASER & MACDONALD (ELECTRIC MOTORS) LIMITED→ SC046742 · est 1969 · no financials extracted | — | — | — | — | 56y | — | — |
| FRASER PERRATT LTD.→ SC264191 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| FREEZE-ITZ LIMITED→ SC801014 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2008-02-18
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade
Registered office
The Stables Unit 01
21-25 Carlton Court
Glasgow
G5 9JP
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-03-01OVERDUE
Last: 2025-02-15
Officers (1 active · 3 resigned)
RASHID, Naveed→
Activedirector · ~72y · appointed 2008-02-18
View their other companies + combined net worth →
AFT SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2008-02-18 · resigned 2011-04-11
FORM 10 SECRETARIES FD LTD→
Resignedcorporate-nominee-secretary · appointed 2008-02-18 · resigned 2008-02-19
FORM 10 DIRECTORS FD LTD→
Resignedcorporate-nominee-director · appointed 2008-02-18 · resigned 2008-02-19
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 24/05/2011 | 16/03/2026 |
Recent filings (61 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-30
gazette-filings-brought-up-to-date
gazette · DISS40
2023-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-02-14
gazette-notice-compulsory
gazette · GAZ1
2023-01-24
gazette-filings-brought-up-to-date
gazette · DISS40
2022-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-16
gazette-notice-compulsory
gazette · GAZ1
2022-05-10