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.
🔒Estimated value
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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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
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
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
-£42k-£40k-£39k-£37k-£35k-£33kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
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
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-08-04
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  5. 2023-08-04
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  6. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-09-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2019-09-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2019-09-03
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  13. 2018-03-29
    🏢
    Company incorporated
    As VERECO FINANCIAL PROTECTION LIMITED
  14. 2018-03-29
    KEENAN, Laura appointed
    secretary
  15. 2018-03-29
    KEENAN, Laura appointed
    director
  16. 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%
NameSharesVoting rightsNature of controlNotified
Mrs Laura Keenan
Individual · British · DOB 09/1967 · age 59
75100%
75–100%board control75-100% shares · 75-100% voting · board control29/03/2018

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 →

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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.

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