ROWANCOVE LIMITED

💤Zombieactive
SC551125 · ltd · incorporated 2016-11-24
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 Dec 2024
Net worth
£6.7k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (81/100)

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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
22 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 £6,719
Cash YoY
+88%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 88% YoY
Net Worth
£7k
↑ 35% YoY
Current Assets
£25k
↓ 22% YoY
Current Liabilities
£0£6k£13k£19k£25k£31kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£12.4k£19.1k
Current assets£24.6k£31.3k
Cash£3.7k£2.0k
Debtors£20.9k£29.3k
Net assets£6.7k£5.0k

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2024-06-30
    LATIF, Rehman resigned
    director
  4. 2024-06-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-09-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-05-16
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2018-08-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-11-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2017-11-21
    ASHRAF, Faisal appointed
    director
  14. 2016-11-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2016-11-24
    🏢
    Company incorporated
    As ROWANCOVE LIMITED
  16. 2016-11-24
    LATIF, Rehman appointed
    director
  17. 2016-11-24
    📄
    incorporation-company
    incorporation · NEWINC

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Reyman Latif
Individual · British · DOB 10/1971 · age 55
75100%
75–100%75-100% shares · 75-100% voting24/11/2016

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

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
Incorporated2016-11-24
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-12
Last: 2025-10-29

Officers (1 active · 1 resigned)

ASHRAF, Faisal
director · ~44y · appointed 2017-11-21
View their other companies + combined net worth →
Active
LATIF, Rehman
director · ~55y · appointed 2016-11-24 · resigned 2024-06-30
Resigned

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
termination-director-company-with-name-termination-date
officers · TM01
2024-10-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-24
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2019-05-16