ELITE FLOORING SOLUTIONS LTD

💤Zombieactive

SC586525 · ltd · incorporated 2018-01-23

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

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£508

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: Floor and wall covering

Sector: Construction

Investor take

Pursue

Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (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 (80/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (1 active, 4 linked, 4 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £508

Net assets shrinking

Down £43 YoY

Cash YoY

+117%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£83k

↑ 117% YoY

Net Worth

£508

↓ 7.8% YoY

Current Assets

£381k

↑ 74% 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	£131.7k	£51.0k
Current assets	£380.6k	£218.5k
Cash	£82.6k	£38.0k
Debtors	£272.6k	£158.0k
Net assets	£508	£551

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

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-12-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-06
➕
WESTWOOD, Craig Robert appointed
director
2025-06-04
➖
DICK, Kevin resigned
director
2025-06-04
➖
WESTWOOD, Craig Robert resigned
director
2024-12-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-18
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-18
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-18
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-31
➖
MCGOVERN, Daniel resigned
director
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-01
➕
MCGOVERN, Daniel appointed
director
2020-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-23
🏢
Company incorporated
As ELITE FLOORING SOLUTIONS LTD
2018-01-23
➕
DICK, Kevin appointed
director
2018-01-23
➕
WESTWOOD, Craig Robert 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

1 med · 1 low

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: DICK, Kevin resigned 2025-06-04; WESTWOOD, Craig Robert resigned 2025-06-04

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Craig Robert Westwood Individual · British · DOB 08/1990 · age 36	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	23/01/2018

1 historic (ceased) PSC

Mr Kevin Dickceased 04/06/2025· 25-50% shares · 25-50% voting · board control

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 →

Similar companies

Active · Construction · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PEGASUS FIRE PROTECTION COMPANY LIMITED→ SC178102 · est 1997	£9.82M £7.02M–£12.63M	—	—	6700	28y	88	75y
MAXI CONSTRUCTION LIMITED→ SC048718 · est 1971	£9.09M £6.50M–£11.69M	—	—	40	54y	88	82y
THE EDINBURGH SCHOOLS PARTNERSHIP LIMITED→ SC206930 · est 2000	£8.27M £5.91M–£10.63M	—	—	0	26y	84	65y
JOHN G. MACKINTOSH LIMITED→ SC281061 · est 2005	£6.96M £4.97M–£8.95M	—	—	241	21y	88	66y
SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→ SC392085 · est 2011	£6.04M £4.31M–£7.76M	—	—	19	15y	85	69y
COLORADO CONSTRUCTION & ENGINEERING LIMITED→ SC311182 · est 2006	£3.04M £2.17M–£3.90M	£21.12M	—	3800	19y	87	64y
GORDON BOW PLANT HIRE LTD→ SC135116 · est 1991	£1.57M £1.12M–£2.02M	£9.21M	—	6200	34y	86	68y
GEORGE SHARKEY & SONS LIMITED→ SC164725 · est 1996	£779.7k £556.9k–£1.00M	—	—	68	30y	84	66y
DATS - DESIGN AND TRAINING SOLUTIONS LTD→ SC441708 · est 2013	£1.5k £1.1k–£1.9k	£81.2k	—	100	13y	100	59y
3 ED SISTERCO LIMITED→ SC328041 · est 2007 · no financials extracted	—	—	—	—	18y	83	65y
AMA CONSTRUCTION (EDINBURGH) LIMITED→ SC100586 · est 1986	—	—	—	2200	39y	83	73y
ARMITSCOT DEVELOPMENTS LIMITED→ SC053538 · est 1973 · no financials extracted	—	—	—	—	52y	83	61y

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

Incorporated2018-01-23

Jurisdictionscotland

Primary SIC43330 — Floor and wall covering

Registered office

6 Bogwood Court

Mayfield

Dalkeith

EH22 5DG

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-12-27

Last: 2025-12-13

Officers (1 active · 3 resigned)

WESTWOOD, Craig Robert→

director · ~36y · appointed 2025-06-06

View their other companies + combined net worth →

Active

DICK, Kevin→

director · ~39y · appointed 2018-01-23 · resigned 2025-06-04

Resigned

MCGOVERN, Daniel→

director · ~38y · appointed 2021-12-01 · resigned 2023-10-31

Resigned

WESTWOOD, Craig Robert→

director · ~36y · appointed 2018-01-23 · resigned 2025-06-04

Resigned

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

Recent filings (31 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-16

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2025-12-19

termination-director-company-with-name-termination-date

officers · TM01

2025-06-09

appoint-person-director-company-with-name-date

officers · AP01

2025-06-09

termination-director-company-with-name-termination-date

officers · TM01

2025-06-09

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-06-09

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-06-09

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-14

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2024-12-19

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

address · AD01

2024-09-25

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

address · AD01

2024-09-19

change-person-director-company-with-change-date

officers · CH01

2024-09-18

change-person-director-company-with-change-date

officers · CH01

2024-09-18

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2024-09-18

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

accounts · AA

2023-12-30