FULLY FITTED WARDROBES LIMITED

💤Zombieactive
SC506051 · ltd · incorporated 2015-05-15
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
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Turnover
year to May 2025
Net worth
£102.9k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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 -75% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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
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
1 connected companies via shared directors
48
Filing history
21 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
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
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 £102,870
Net assets shrinking
Down £7,068 YoY
Cash draining
Cash down 75% YoY
Cash YoY
-75%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£18k
↓ 75% YoY
Net Worth
£103k
↓ 6.4% YoY
Current Assets
£67k
↓ 38% YoY
Current Liabilities
£0£22k£44k£66k£88k£110kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£138.9k£174.1k
Current assets£66.7k£107.8k
Cash£17.8k£72.4k
Debtors£36.8k£23.4k
Net assets£102.9k£109.9k

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-02-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-09-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2018-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-02-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-07-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-05-15
    🏢
    Company incorporated
    As FULLY FITTED WARDROBES LIMITED
  13. 2015-05-15
    SEATH, Russell James appointed
    director
  14. 2015-05-15
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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 Russell James Seath
Individual · British · DOB 04/1976 · age 50
75100%
75-100% shares06/04/2016

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.

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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
Incorporated2015-05-15
Jurisdictionscotland
Primary SIC31090 — Manufacture of other furniture

Registered office

Glenniston Cottage Glenniston Farm
Cardenden
Lochgelly
KY5 0AX
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-29
Last: 2025-05-15

Officers (1 active · 0 resigned)

SEATH, Russell James
director · ~50y · appointed 2015-05-15
View their other companies + combined net worth →
Active

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

Recent filings (21 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-08