F & S HOLDINGS LIMITED

🏛️Establishedactive
SC639618 · ltd · incorporated 2019-08-22
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
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Turnover
year to Aug 2025
Net worth
£63.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Activities of construction holding companies
Sector: Financial & insurance
ALSO REGISTERED FOR
  • 98000Residents property management
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 77/100 (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: Cash flow review and working-capital discipline. Cash down -52% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (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, 2 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
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £63,071
Net assets shrinking
Down £417 YoY
Cash draining
Cash down 52% YoY
Cash YoY
-52%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£750
↓ 52% YoY
Net Worth
£63k
~ YoY
Current Assets
£3k
↓ 22% YoY
Current Liabilities
£0£13k£25k£38k£51k£63kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£63.1k£63.5k
Current assets£2.8k£3.5k
Cash£750£1.5k
Debtors£2.0k£2.0k
Net assets£63.1k£63.5k

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-08
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2024-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-10-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-22
    🏢
    Company incorporated
    As F & S HOLDINGS LIMITED
  10. 2019-08-22
    KELLY, Campbell Ewen appointed
    secretary
  11. 2019-08-22
    JOHNSTON, Fiona appointed
    director
  12. 2019-08-22
    JOHNSTON, Stuart appointed
    director
  13. 2019-08-22
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

74/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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
NameSharesVoting rightsNature of controlNotified
Mr Stuart Johnston
Individual · British · DOB 08/1964 · age 62
2550%
25-50% shares22/08/2019

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

6 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
Incorporated2019-08-22
Jurisdictionscotland
Primary SIC64203 — Activities of construction holding companies

Registered office

4 Station Crescent
Renfrew
PA4 8RA
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (3 active · 0 resigned)

KELLY, Campbell Ewen
secretary · appointed 2019-08-22
View their other companies + combined net worth →
Active
JOHNSTON, Fiona
director · ~56y · appointed 2019-08-22
View their other companies + combined net worth →
Active
JOHNSTON, Stuart
director · ~62y · appointed 2019-08-22
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-25
change-person-secretary-company-with-change-date
officers · CH03
2024-12-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-25
incorporation-company
incorporation · NEWINC
2019-08-22