VERECO FINANCIAL PROTECTION LIMITED

💤Zombieactive

SC592892 · ltd · incorporated 2018-03-29

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 Mar 2025

Net worth

£-42.0k

book net assets

Opportunity

68/100

Strong

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What this business does

Primary activity: Activities of insurance agents and brokers

Sector: Financial & insurance

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), 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 (73/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

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

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £42,012

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£42k

↓ 26% YoY

Current Assets

—

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	£-36.6k	£-26.2k
Debtors	£5.3k	£5.3k
Net assets	£-42.0k	£-33.4k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (16 events)Click to expand

2026-03-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-04
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-08-04
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-03
📄
change-person-director-company-with-change-date
officers · CH01
2019-09-03
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-09-03
📄
change-person-secretary-company-with-change-date
officers · CH03
2018-03-29
🏢
Company incorporated
As VERECO FINANCIAL PROTECTION LIMITED
2018-03-29
➕
KEENAN, Laura appointed
secretary
2018-03-29
➕
KEENAN, Laura appointed
director
2018-03-29
📄
incorporation-company
incorporation · NEWINC

Owner dependency

88/100

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.
+Senior director age: Director aged approximately 59 — approaching natural succession window.
+No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
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: 2026-04-23

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mrs Laura Keenan Individual · British · DOB 09/1967 · age 59	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	29/03/2018

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 · Financial services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
@SIPP LIMITED→ SC217126 · est 2001	£37.09M £26.97M–£47.20M	£10.21M	—	6200	25y	85	62y
FLEET ALLIANCE LIMITED→ SC235634 · est 2002	£7.49M £5.45M–£9.53M	—	—	—	23y	82	61y
FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008	£1.02M £744.7k–£1.30M	—	—	500	18y	83	64y
COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006	£22.3k £16.2k–£28.3k	—	—	0	20y	83	66y
BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009	—	—	£2.38M	—	16y	83	72y
CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted	—	—	—	—	26y	83	59y
FEMALE INDEPENDENT LTD.→ SC245607 · est 2003	—	—	£20.0k	—	23y	83	66y
HARRY SMITH, LIMITED→ SC008622 · est 1913	—	—	£1.66M	—	113y	83	58y
MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008	—	—	—	1500	18y	83	58y
NITRON INVESTMENTS LIMITED→ SC047915 · est 1970	—	—	£431.4k	—	55y	83	80y
PENTA CAPITAL INVESTMENTS LIMITED→ SC277543 · est 2004 · no financials extracted	—	—	—	—	21y	83	64y
PEOPLESCHAMPION.COM LIMITED→ SC270602 · est 2004 · no financials extracted	—	—	—	—	21y	83	63y

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

Incorporated2018-03-29

Jurisdictionscotland

Primary SIC66220 — Activities of insurance agents and brokers

Registered office

Suite 2/3 48 West George Street

Glasgow

G2 1BP

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-04-23OVERDUE

Last: 2025-04-09

Officers (2 active · 0 resigned)

KEENAN, Laura→

secretary · appointed 2018-03-29

View their other companies + combined net worth →

Active

KEENAN, Laura→

director · ~59y · appointed 2018-03-29

View their other companies + combined net worth →

Active

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

Recent filings (20 total)

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

accounts · AA

2026-03-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-15

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

accounts · AA

2025-03-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-25

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

accounts · AA

2024-03-27

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

accounts · AAMD

2023-08-04

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

accounts · AAMD

2023-08-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-25

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

accounts · AA

2023-03-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-27

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

accounts · AA

2021-12-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-15

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

accounts · AA

2021-03-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-04-09

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

accounts · AA

2019-12-27