NITRAFIT LTD

💤Zombieactive
SC629463 · ltd · incorporated 2019-05-03
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 Jul 2025
Net worth
—
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company 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 (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 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.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
-£12k-£10k-£7k-£5k-£2k£49Jul 2023Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-312023-07-31
Total assets——£568
Current assets——£49
Net assets——£-12.1k
Average employees00—

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-09-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-09-18
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  6. 2023-09-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2023-09-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-09-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  9. 2023-09-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-09-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-09-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-09-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-08-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-08-01
    ➕
    MCFADDEN, Laura Elizabeth appointed
    director
  15. 2023-08-01
    ➖
    MCGONIGAL, Joshua James Allan resigned
    director
  16. 2023-08-01
    ➖
    MCLELLAN, Kathryn resigned
    director
  17. 2022-10-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2022-03-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2021-11-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2021-11-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2021-11-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2021-10-21
    ➕
    MCLELLAN, Kathryn appointed
    director
  23. 2021-08-31
    ➖
    IRVINE, Chris resigned
    director
  24. 2021-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2019-05-03
    🏢
    Company incorporated
    As NITRAFIT LTD
  26. 2019-05-03
    ➕
    IRVINE, Chris appointed
    director
  27. 2019-05-03
    ➕
    MCGONIGAL, Joshua James Allan 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

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
Miss Laura Elizabeth Mcfadden
Individual · British · DOB 09/1982 · age 44
75–100%
75–100%75-100% shares · 75-100% voting01/08/2023
3 historic (ceased) PSCs
  • Ms Kathryn Mclellanceased 01/08/2023· 25-50% shares · 25-50% voting
  • Mr Joshua James Allan Mcgonigalceased 01/08/2023· 25-50% shares · 25-50% voting
  • Mr Chris Irvineceased 21/10/2021· 25-50% shares · 25-50% voting

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
KNOCKHILL RACING CIRCUIT LIMITED→
SC099128 · est 1986
———540040y8364y
BOWHOUSE EQUESTRIAN LIMITED→
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———016y8269y
COLINSBURGH GOLF LIMITED→
SC135648 · est 1991
———90034y8280y
JIM MCARTHUR ASSOCIATES LIMITED→
SC119828 · est 1989
———10036y8274y
SCOTLAND FOR GOLF LIMITED→
SC246486 · est 2003
———50023y8270y
WESTMINT LIMITED→
SC168995 · est 1996
————29y8267y
KNOCKHILL MOTOR SPORTS CLUB→
SC366259 · est 2009
———60016y8176y
LA BANDA LTD.→
SC362458 · est 2009
——£8.5k—16y8167y
SCOTTISH DARTS ASSOCIATION→
SC105949 · est 1987
———438y8167y
THE FIFE VINTAGE AGRICULTURAL MACHINERY CLUB→
SC193588 · est 1999
——£22.8k—27y8177y
BURACH PRODUCTIONS LIMITED→
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——£3.2k—33y8067y
CAPERCAILLIE TRAVEL LIMITED→
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——£57.8k—24y8073y
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
Incorporated2019-05-03
Jurisdictionscotland
Primary SIC93130 — Fitness facilities

Registered office

The Dance Studio Lynburn Industrial Estate
Halbeath Place
Dunfermline
Fife
KY11 4JT
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (1 active · 3 resigned)

MCFADDEN, Laura Elizabeth→
director · ~44y · appointed 2023-08-01
View their other companies + combined net worth →
Active
IRVINE, Chris→
director · ~40y · appointed 2019-05-03 · resigned 2021-08-31
Resigned
MCGONIGAL, Joshua James Allan→
director · ~31y · appointed 2019-05-03 · resigned 2023-08-01
Resigned
MCLELLAN, Kathryn→
director · ~35y · appointed 2021-10-21 · resigned 2023-08-01
Resigned

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

Recent filings (33 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-07-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-20
change-account-reference-date-company-previous-extended
accounts · AA01
2023-09-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-09-07
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-09-07
change-person-director-company-with-change-date
officers · CH01
2023-09-07
appoint-person-director-company-with-name-date
officers · AP01
2023-09-07
termination-director-company-with-name-termination-date
officers · TM01
2023-09-07
termination-director-company-with-name-termination-date
officers · TM01
2023-09-07