FGWR LTD

💤Zombieactive
SC543503 · ltd · incorporated 2016-08-23
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 Aug 2024
Net worth
£9.4k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: SIC 47650
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed retail with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (82/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
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
10 connected companies via shared directors
75
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £9,390

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£9k
↑ 138% YoY
Current Assets
£3k
↓ 6.9% YoY
Current Liabilities
£0£2k£4k£6k£8k£9kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£4.4k£1.1k
Current assets£3.3k£3.5k
Net assets£9.4k£4.0k

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

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
3
filings
  • 2 gazette
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2026-04-21
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-11-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-11-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-10-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2025-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2025-04-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2024-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-05-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-12-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-11-22
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  12. 2022-05-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-05-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-05-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-04-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-09-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-05-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2016-08-23
    🏢
    Company incorporated
    As FGWR LTD
  19. 2016-08-23
    RASUL, Mohammed Asif appointed
    director

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 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-23

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Mohammed Asif Rasul
Individual · British · DOB 11/1969 · age 57
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/08/2016

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.

See pricing →

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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.

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Company details

Statusactive
Typeltd
Incorporated2016-08-23
Jurisdictionscotland
Primary SIC47650 — SIC 47650

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA
United Kingdom

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-01-23OVERDUE
Last: 2025-01-09

Officers (1 active · 0 resigned)

RASUL, Mohammed Asif
director · ~57y · appointed 2016-08-23
View their other companies + combined net worth →
Active

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

Recent filings (28 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-21
gazette-filings-brought-up-to-date
gazette · DISS40
2025-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-07
gazette-notice-compulsory
gazette · GAZ1
2025-10-28
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-30
gazette-notice-compulsory
gazette · GAZ1
2025-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-05
accounts-with-accounts-type-dormant
accounts · AA
2023-05-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-09
change-person-director-company-with-change-date
officers · CH01
2022-12-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-12-16
certificate-change-of-name-company
change-of-name · CERTNM
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-07