P2FA LIMITED

💤Zombieactive
SC535966 · ltd · incorporated 2016-05-20
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
£22.2k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Activities of sport clubs
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (58/100).

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
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 declared
Positive net assets
Net assets £22,227
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£22k
Current Assets
£26k
Current Liabilities
—
£0£5k£10k£16k£21k£26kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£38.7k—
Current assets£26.0k—
Net assets£22.2k—
Average employees—0

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-01-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-02-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2023-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-05-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-02-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-06-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2020-06-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-06-23
    ➖
    MANGAN, Edward resigned
    director
  13. 2020-06-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2019-06-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-04-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2016-05-20
    🏢
    Company incorporated
    As P2FA LIMITED
  19. 2016-05-20
    ➕
    HASTINGS, Neil appointed
    director
  20. 2016-05-20
    ➕
    MANGAN, Edward appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material 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

45/100
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.

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
NameSharesVoting rightsNature of controlNotified
Mr Neil Hastings
Individual · British · DOB 08/1991 · age 35
25–50%
—25-50% shares20/05/2016
1 historic (ceased) PSC
  • Mr Edward Manganceased 23/06/2020· 25-50% shares

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

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FESTIVALS EDINBURGH LIMITED→
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——618y8670y
ALHAMBRA THEATRE TRUST→
SC345187 · est 2008 · no financials extracted
————17y8377y
ARCHERFIELD & FIDRA GOLF COURSES LIMITED→
SC260327 · est 2003 · no financials extracted
————22y8379y
ASSEMBLY THEATRE LIMITED→
SC092088 · est 1985
——£185.5k—41y8378y
BRAID HILLS SHOP LIMITED→
SC177390 · est 1997 · no financials extracted
————28y8370y
CHEEK BY JOWL THEATRE COMPANY LIMITED→
SC078954 · est 1982 · no financials extracted
————43y8374y
CORRIES (MUSIC) LTD., THE→
SC056353 · est 1974
——£2—51y8389y
DM AUDIO LIMITED→
SC245613 · est 2003
———923y8361y
HISTORIC CHURCHES SCOTLAND→
SC162884 · est 1996 · no financials extracted
————30y8377y
INCH PARK COMMUNITY SPORTS CLUB→
SC342628 · est 2008
——£1.28M—17y8370y
MAGNETIC NORTH THEATRE PRODUCTIONS LIMITED→
SC199210 · est 1999 · no financials extracted
————26y8375y
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————1y——
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
Incorporated2016-05-20
Jurisdictionscotland
Primary SIC93120 — Activities of sport clubs

Registered office

30 Beaton Drive
Winchburgh
EH52 6FS
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-02
Last: 2025-05-19

Officers (1 active · 1 resigned)

HASTINGS, Neil→
director · ~35y · appointed 2016-05-20
View their other companies + combined net worth →
Active
MANGAN, Edward→
director · ~40y · appointed 2016-05-20 · resigned 2020-06-23
Resigned

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

Recent filings (28 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-31
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-05-13
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-22
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-02
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-06-29