FREJART LTD
💤Zombieactive
SC464354 · ltd · incorporated 2013-11-22
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 Nov 2024
Net worth
£-14.6k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 74/100 (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: Cash flow review and working-capital discipline. Cash down -37% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).
Data confidence
Overall: medium (76/100)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
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £14,600
Cash YoY
-37%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2k
↓ 37% YoY
Net Worth
-£15k
↓ 63% YoY
Current Assets
£5k
↓ 11% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £-14.5k | £-8.8k |
| Current assets | £5.0k | £5.6k |
| Cash | £1.5k | £2.4k |
| Debtors | £3.5k | £3.2k |
| Net assets | £-14.6k | £-8.9k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-05📄resolutionresolution · RESOLUTIONS
- 2019-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-11-30📄change-person-director-company-with-change-dateofficers · CH01
- 2016-08-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-11-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2015-07-15📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2013-11-22🏢Company incorporatedAs FREJART LTD
- 2013-11-22➕FARRELL, Lydia Louise appointeddirector
- 2013-11-22➕COSEC LIMITED appointedcorporate-secretary
- 2013-11-22➖COSEC LIMITED resignedcorporate-secretary
- 2013-11-22➕MCMEEKIN, James Stuart appointeddirector
- 2013-11-22➖MCMEEKIN, James Stuart resigneddirector
- 2013-11-22➕COSEC LIMITED appointedcorporate-director
- 2013-11-22➖COSEC LIMITED resignedcorporate-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
58/100
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 12 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 |
|---|---|---|---|---|
Ms Lydia Louise Farrell Individual · British · DOB 01/1980 · age 46 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| EAST KILBRIDE THISTLE JUNIOR FOOTBALL CLUB LIMITED→ SC440525 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| EASTERHOUSE PHOENIX DEVELOPMENT LIMITED→ SC375467 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ERFJ MUSIC LTD→ SC832224 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| EUNOIA PILATES LTD→ SC865650 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EVENT MUSIC SCOTLAND LTD→ SC815533 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FALCON FIT GYMS LTD→ SC622200 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FALCON TOURING LTD→ SC884589 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FLEX & FLOW STUDIO LTD→ SC769626 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FLIGHTSDIRECT.COM (INT) LIMITED→ SC557945 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| FOUR DOOR THEATRE LTD→ SC813155 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FQF SOLUTIONS LIMITED→ SC860999 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FRIENDS OF SHARMANKA→ SC159830 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
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
Incorporated2013-11-22
Jurisdictionscotland
Primary SIC90030 — Artistic creation
Registered office
6th Floor
Gordon Chambers 90 Mitchell Street
Glasgow
G1 3NQ
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22
Officers (1 active · 3 resigned)
FARRELL, Lydia Louise→
Activedirector · ~46y · appointed 2013-11-22
View their other companies + combined net worth →
COSEC LIMITED→
Resignedcorporate-secretary · appointed 2013-11-22 · resigned 2013-11-22
MCMEEKIN, James Stuart→
Resigneddirector · ~59y · appointed 2013-11-22 · resigned 2013-11-22
COSEC LIMITED→
Resignedcorporate-director · appointed 2013-11-22 · resigned 2013-11-22
Click a director name to see their full track record across all companies.
Recent filings (33 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-25
resolution
resolution · RESOLUTIONS
2019-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-08-26