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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£1.5k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 67-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, 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 1.5y
10/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 1.5 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 declaredPositive net assets
Net assets £1,549
Net assets shrinking
Down £8,706 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£2k
↓ 85% YoY
Current Assets
£215k
↑ 7.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| 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
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
- 2026-02-18📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-11-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-31🔒Charge registered #1Lender: Caledonian Heritable Limited
- 2024-10-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-16📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-08-15📄gazette-notice-compulsorygazette · GAZ1
- 2022-11-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-11-09📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-06-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-06-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-06-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-05-26🏢Company incorporatedAs FLYING KEG LIMITED
- 2011-05-26➕MARINELLO, Philip Ettore appointeddirector
Owner dependency
95/100
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.
- +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
78/100
Likely off-market candidateStrong 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.
- 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.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Philip Marinello Individual · United Kingdom · DOB 12/1959 · age 67 | 75–100% | — | 75-100% shares | 16/04/2017 |
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 →Similar companies
Active · Hospitality · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FIFE INNS (CUPAR) LIMITED→ SC118700 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| FISH EXPRESS LTD→ SC858594 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOCHABERS CHIPPY LTD→ SC584843 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| FOOD A ONE LTD→ SC794119 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FORTUNE GARDEN METHIL LIMITED→ SC881939 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| GALLOWHILL (COMMERCIAL) LIMITED→ SC815315 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| GBK 2021 LTD→ SC711262 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GLENSHIRE HOSPITALITY LTD→ SC668114 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GREIG WOODWARD CATERING LIMITED→ SC843737 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| H FISH AND CHIPS LIMITED→ SC597544 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HANCOCK HOSPITALITY LTD→ SC865657 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HAWKSWOOD RESORT DEVELOPMENT LIMITED→ SC656585 · est 2020 · 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
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→
Activedirector · ~67y · appointed 2011-05-26
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Caledonian Heritable Caledonian Heritable Limited | A registered charge | 1 property | 31/10/2024 | — |
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