FINESSE QUALITY COATINGS (ABERDEEN) LIMITED

💤Zombieactive
SC434585 · ltd · incorporated 2012-10-11
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
£110.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Treatment and coating of metals
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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).

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 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £110,816
Net assets shrinking
Down £166 YoY
Cash YoY
+108%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£15k
↑ 108% YoY
Net Worth
£111k
~ YoY
Current Assets
£82k
~ YoY
Current Liabilities
—
£0£22k£44k£67k£89k£111kMar 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
Total assets£113.2k£114.5k
Current assets£82.3k£83.1k
Cash£14.6k£7.0k
Debtors£34.3k£48.9k
Net assets£110.8k£111.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2024-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-08-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-10-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2021-10-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-11-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-12-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-10-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-11-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-10-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-10-01
    ➖
    LUMSDEN, William George Henderson resigned
    director
  14. 2017-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-12-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-12-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-10-01
    ➖
    GRANT SMITH LAW PRACTICE LIMITED resigned
    corporate-secretary
  18. 2012-10-11
    🏢
    Company incorporated
    As FINESSE QUALITY COATINGS (ABERDEEN) LIMITED
  19. 2012-10-11
    ➕
    LUMSDEN, Jeffrey appointed
    director
  20. 2012-10-11
    ➕
    GRANT SMITH LAW PRACTICE LIMITED appointed
    corporate-secretary
  21. 2012-10-11
    ➕
    LUMSDEN, William George Henderson appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • 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 Jeffrey Lumsden
Individual · British · DOB 03/1967 · age 59
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr William George Henderson Lumsdenceased 07/05/2021· 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2012-10-11
Jurisdictionscotland
Primary SIC25610 — Treatment and coating of metals

Registered office

27 Cotton Street
Aberdeen
AB11 5EE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (1 active · 2 resigned)

LUMSDEN, Jeffrey→
director · ~59y · appointed 2012-10-11
View their other companies + combined net worth →
Active
GRANT SMITH LAW PRACTICE LIMITED→
corporate-secretary · appointed 2012-10-11 · resigned 2015-10-01
Resigned
LUMSDEN, William George Henderson→
director · ~80y · appointed 2012-10-11 · resigned 2018-10-01
Resigned

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

Recent filings (32 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-10-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-12-17