FKA HNL LTD

💤Zombieactive
SC646493 · ltd · incorporated 2019-11-07
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 Nov 2024
Net worth
£-37.3k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 47510
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: Cash flow review and working-capital discipline. Cash down -80% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (82/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
16 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £37,261
Net assets shrinking
Down £42,201 YoY
Cash draining
Cash down 80% YoY
Cash YoY
-80%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£131
↓ 80% YoY
Net Worth
-£37k
↓ 854% YoY
Current Assets
£4k
↓ 94% YoY
Current Liabilities
-£37k-£17k£2k£22k£42k£62kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£-14.2k£30.3k
Current assets£3.8k£62.1k
Cash£131£643
Debtors£3.6k£61.5k
Net assets£-37.3k£4.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2025-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-28
    MORRIS, Kurt resigned
    director
  5. 2023-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2023-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2023-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-11-07
    🏢
    Company incorporated
    As FKA HNL LTD
  12. 2019-11-07
    KAY, Adrian Gordon appointed
    director
  13. 2019-11-07
    MORRIS, Kurt appointed
    director
  14. 2019-11-07
    📄
    incorporation-company
    incorporation · NEWINC

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Francoise Kay
Individual · British · DOB 04/1971 · age 55
2550%
25–50%25-50% shares · 25-50% voting23/11/2023
Mr Adrian Gordon Kay
Individual · British · DOB 02/1970 · age 56
2550%
25–50%board control25-50% shares · 25-50% voting · board control07/11/2019
1 historic (ceased) PSC
  • Mr Kurt Morrisceased 28/11/2023· 25-50% shares · 25-50% voting · board control

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

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
Incorporated2019-11-07
Jurisdictionscotland
Primary SIC47510 — SIC 47510

Registered office

7-8 Inchwood Park
Bathgate
West Lothian
EH48 2EH
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (1 active · 1 resigned)

KAY, Adrian Gordon
director · ~56y · appointed 2019-11-07
View their other companies + combined net worth →
Active
MORRIS, Kurt
director · ~45y · appointed 2019-11-07 · resigned 2023-11-28
Resigned

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

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-19
termination-director-company-with-name-termination-date
officers · TM01
2023-11-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-22