FLYING KEG LIMITED

💤Zombieactive
SC400391 · ltd · incorporated 2011-05-26
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 May 2025
Net worth
£1.5k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 1.6y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,549
Net assets shrinking
Down £8,706 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2k
↓ 85% YoY
Current Assets
£215k
↑ 7.0% YoY
Current Liabilities
—
£0£43k£86k£129k£172k£215kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£1.5k£10.3k
Current assets£215.1k£201.0k
Net assets£1.5k£10.3k

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 (19 events)Click to expand
  1. 2026-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-10-31
    🔒
    Charge registered #1
    Lender: Caledonian Heritable Limited
  4. 2024-10-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-08-16
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2023-08-15
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2022-11-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-06-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-06-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2015-06-10
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2011-05-26
    🏢
    Company incorporated
    As FLYING KEG LIMITED
  19. 2011-05-26
    ➕
    MARINELLO, Philip Ettore appointed
    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.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +No director turnover: Company is 15 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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 Philip Marinello
Individual · United Kingdom · DOB 12/1959 · age 67
75–100%
—75-100% shares16/04/2017

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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————41y8371y
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———30017y8362y
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———170029y8362y
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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 →
🔒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
Incorporated2011-05-26
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

14 St. Leonards Place
Kinghorn
Burntisland
Fife
KY3 9UL

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26

Officers (1 active · 0 resigned)

MARINELLO, Philip Ettore→
director · ~67y · appointed 2011-05-26
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge1 property31/10/2024—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-11-05
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-04
gazette-filings-brought-up-to-date
gazette · DISS40
2023-08-16
gazette-notice-compulsory
gazette · GAZ1
2023-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-05
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-18