FINNEGANS FALKIRK LTD

💤Zombieactive
SC602691 · ltd · incorporated 2018-07-16
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 Jul 2024
Net worth
£-36.6k
book net assets
Opportunity
70/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (79/100)

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
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
1 connected companies via shared directors
48
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £36,628
Cash YoY
-24%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£9k
↓ 24% YoY
Net Worth
-£37k
↓ 83% YoY
Current Assets
£10k
↓ 22% YoY
Current Liabilities
-£37k-£27k-£17k-£7k£3k£13kJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31
Total assets£-25.3k£-488
Current assets£10.4k£13.3k
Cash£9.2k£12.2k
Debtors£1.2k£1.2k
Net assets£-36.6k£-20.0k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2025-08-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-06-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-06-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-07-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-07-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2022-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-04-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2021-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2019-07-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-10-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2018-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2018-07-16
    🏢
    Company incorporated
    As FINNEGANS FALKIRK LTD
  19. 2018-07-16
    NICHOLL, Giles Alexander appointed
    director
  20. 2018-07-16
    📄
    incorporation-company
    incorporation · NEWINC

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 8 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 low
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%
NameSharesVoting rightsNature of controlNotified
Mr Giles Alexander Nicholl
Individual · British · DOB 09/1970 · age 56
75100%
75–100%board control75-100% shares · 75-100% voting · board control16/07/2018

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 · Hospitality · FK postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DOWLEY ENTERPRISES LTD
SC678228 · est 2020 · no financials extracted
5y
ELEPHANT EVENTS LIMITED
SC777407 · est 2023 · no financials extracted
2y
FALKIRK HIGH STREET LTD
SC866396 · est 2025 · no financials extracted
FINLAYSON RESTAURANTS LIMITED
SC874274 · est 2026 · no financials extracted
FLAMES TANDOORI LTD
SC794667 · est 2024 · no financials extracted
2y
FLXY SPACE LTD
SC791099 · est 2023 · no financials extracted
2y
FT TAY SQUARE LTD
SC862836 · est 2025 · no financials extracted
FUSION SPICE ENTERPRISE LTD
SC870758 · est 2025 · no financials extracted
G&A INNS LTD
SC727829 · est 2022 · no financials extracted
4y
GET STUFFED FALKIRK LIMITED
SC864787 · est 2025 · no financials extracted
GJ ANDERSON LIMITED
SC310102 · est 2006 · no financials extracted
19y
GLADSTONE PARNELL LTD
SC862972 · est 2025 · no financials extracted
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
Incorporated2018-07-16
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

45 Vicar Street
Falkirk
Stirlingshire
FK1 1LL
Scotland

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-07-29
Last: 2025-07-15

Officers (1 active · 0 resigned)

NICHOLL, Giles Alexander
director · ~56y · appointed 2018-07-16
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-07
change-person-director-company-with-change-date
officers · CH01
2024-06-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-26
change-person-director-company-with-change-date
officers · CH01
2022-07-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-04-04