FCP (SCOTLAND) LIMITED

💤Zombieactive

SC507232 · ltd · incorporated 2015-06-01

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 Mar 2025

Net worth

£-121.0k

book net assets

Opportunity

78/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Unlicenced restaurants and cafes

Sector: Accommodation & food service

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -83% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £121,043

Cash draining

Cash down 83% YoY

Cash YoY

-83%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£477

↓ 83% YoY

Net Worth

-£121k

↓ 22% YoY

Current Assets

£56k

↑ 11% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£-87.1k	£-58.3k
Current assets	£56.2k	£50.6k
Cash	£477	£2.8k
Debtors	£8.3k	£2.3k
Net assets	£-121.0k	£-98.9k

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-12-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-02
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-10-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-22
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2022-06-22
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-10
➖
FAIRFULL, Janice resigned
secretary
2022-05-10
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-24
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2020-10-20
📄
gazette-notice-compulsory
gazette · GAZ1
2019-08-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-08-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-21
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-19
➕
FAIRFULL, Elaine appointed
director
2015-08-19
➖
FAIRFULL, Janice resigned
director
2015-06-01
🏢
Company incorporated
As FCP (SCOTLAND) LIMITED
2015-06-01
➕
FAIRFULL, Janice appointed
secretary
2015-06-01
➕
FAIRFULL, Janice appointed
director

Owner dependency

90/100

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.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
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%

Name	Shares	Voting rights	Nature of control	Notified
Ms Elaine Fairfull Individual · British · DOB 11/1960 · age 66	75–100%	75–100%	75-100% shares · 75-100% voting	02/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Hospitality · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CAFE ANDALUZ RESTAURANTS LIMITED→ SC390599 · est 2010	£8.71M £6.53M–£10.88M	—	—	298	15y	87	67y
ENOTECA SCOTLAND LIMITED→ SC327283 · est 2007	£8.47M £6.35M–£10.59M	—	—	213	19y	83	67y
AN CLACHAN CAFE LIMITED→ SC313545 · est 2006	—	—	£45.0k	—	19y	83	59y
CRAIGENDMUIR LIMITED→ SC258280 · est 2003	—	—	£1.34M	—	22y	83	60y
D'ARCY'S (GLASGOW) LIMITED→ SC264250 · est 2004 · no financials extracted	—	—	—	—	22y	83	64y
DANNY'S SNACKS LIMITED→ SC338593 · est 2008 · no financials extracted	—	—	—	—	18y	83	65y
DIXON ARMS (GLENROTHES) LIMITED→ SC325347 · est 2007 · no financials extracted	—	—	—	—	19y	83	64y
JOHN MACLAREN AND SONS LIMITED→ SC291419 · est 2005	—	—	£6.6k	—	20y	83	72y
KINGSRIDGE CLEDDANS ECONOMIC DEVELOPMENT GROUP→ SC133036 · est 1991 · no financials extracted	—	—	—	—	34y	83	87y
LA LANTERNA GLASGOW LTD→ SC274833 · est 2004	—	—	—	32	21y	83	60y
LATHONES CARAVAN COMPANY LIMITED→ SC078119 · est 1982	—	—	—	0	44y	83	68y
MATTHEW'S FOODS (SCOTLAND) LIMITED→ SC210734 · est 2000	—	—	£1.81M	—	25y	83	59y

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

Incorporated2015-06-01

Jurisdictionscotland

Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

16 Royal Terrace

Glasgow

G3 7NY

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-06-15

Last: 2026-06-01

Officers (1 active · 2 resigned)

FAIRFULL, Elaine→

director · ~66y · appointed 2015-08-19

View their other companies + combined net worth →

Active

FAIRFULL, Janice→

secretary · appointed 2015-06-01 · resigned 2022-05-10

Resigned

FAIRFULL, Janice→

director · ~84y · appointed 2015-06-01 · resigned 2015-08-19

Resigned

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

Recent filings (31 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-09

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-12-08

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-23

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-09-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-08

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-10-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-08-23

confirmation-statement-with-updates

confirmation-statement · CS01

2022-06-29

certificate-change-of-name-company

change-of-name · CERTNM

2022-06-22

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2022-06-22

termination-secretary-company-with-name-termination-date

officers · TM02

2022-05-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-31

confirmation-statement-with-updates

confirmation-statement · CS01

2021-07-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-11-23