FULLBROOK ASSOCIATES LTD

💤Zombieactive

SC537793 · ltd · incorporated 2016-06-13

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 Jun 2025

Net worth

£2.02M

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Management consultancy activities other than financial management

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

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 -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

29 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,015,796

Net assets shrinking

Down £316,036 YoY

Cash YoY

-33%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£1.7m

↓ 33% YoY

Net Worth

£2.0m

↓ 14% YoY

Current Assets

£2.0m

↓ 27% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30	2023-06-30
Total assets	£2.02M	£2.34M	£2.22M
Current assets	£2.03M	£2.76M	£2.58M
Cash	£1.75M	£2.60M	£1.62M
Debtors	£280.2k	£159.5k	£955.7k
Net assets	£2.02M	£2.33M	£2.22M

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2026-06-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-03-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-03-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-02-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-02-07
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2017-11-07
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-05-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-03-17
📄
resolution
resolution · RESOLUTIONS
2016-06-13
🏢
Company incorporated
As FULLBROOK ASSOCIATES LTD
2016-06-13
➕
SCULLY, Kathleen Mary appointed
director
2016-06-13
➕
SCULLY, Martin appointed
director
2016-06-13
➖
SCULLY, Martin resigned
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

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%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Kathleen Mary Scully Individual · British · DOB 04/1970 · age 56	75–100%	—	75-100% shares	13/06/2016

1 historic (ceased) PSC

Mr Martin Scullyceased 06/04/2017· 75-100% shares

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

Similar companies

Active · Professional services · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
J.P. RENTALS LIMITED→ SC215548 · est 2001	£3.56M £2.63M–£4.50M	—	—	31	25y	83	75y
JARVIE PLANT LIMITED→ SC313751 · est 2006	£2.47M £1.82M–£3.12M	—	—	154	19y	87	75y
CONTRACT SCOTLAND LIMITED→ SC190122 · est 1998	£2.22M £1.64M–£2.81M	—	—	60	27y	83	49y
STERLING TRUCKS LIMITED→ SC197651 · est 1999	£1.73M £1.28M–£2.19M	£2.25M	—	500	27y	83	64y
BARCLAY DOUGALL (HOLDINGS) LIMITED→ SC182243 · est 1998	£893.5k £658.3k–£1.13M	—	—	119	28y	82	59y
E & O DIAGNOSTICS LIMITED→ SC216473 · est 2001	—	—	£13.3k	—	25y	83	69y
MTM DEFENCE LAWYERS LIMITED→ SC337728 · est 2008	—	—	£22.0k	—	18y	83	62y
CENTRAL GROUP HOLDINGS LIMITED→ SC205983 · est 2000	—	—	£75.0k	—	26y	82	59y
FBD CONSULTANCY, ACCOUNTS & TAX LTD→ SC309527 · est 2006	—	—	—	—	19y	82	65y
INCINALYSIS LIMITED→ SC185561 · est 1998	—	—	—	100	28y	82	75y
JAMES BAIN & CO. LTD.→ SC202110 · est 1999	—	—	£139.7k	—	26y	82	67y
KEY FACILITIES MANAGEMENT LTD.→ SC218355 · est 2001	—	—	—	2	25y	82	73y

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

Incorporated2016-06-13

Jurisdictionscotland

Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Unit 60 Unit 60 Stirling Business Centre

Wellgreen

Stirling

FK8 2DZ

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-02-20

Last: 2026-02-06

Officers (1 active · 1 resigned)

SCULLY, Kathleen Mary→

director · ~56y · appointed 2016-06-13

View their other companies + combined net worth →

Active

SCULLY, Martin→

director · ~62y · appointed 2016-06-13 · resigned 2016-06-13

Resigned

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

Recent filings (29 total)

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2026-06-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-02-11

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

address · AD01

2025-11-04

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-11

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-04-16

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-10

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2023-03-28

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2022-03-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-02-15

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2021-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-03-22

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2020-03-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-07