FDR GLASGOW LIMITED
💤Zombieactive
SC656591 · ltd · incorporated 2020-03-05
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 Mar 2025
Net worth
£-127.0k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -99% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
65
Adequate — check latest filings for context.
Acquirability
70
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 · FRS 102Negative net assets
Liabilities exceed assets by £126,994
Very low cash
Cash position: £43
Cash draining
Cash down 99% YoY
Cash YoY
-99%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£43
↓ 99% YoY
Net Worth
-£127k
↑ 31% YoY
Current Assets
£43
↓ 100% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-127.0k | £-161.1k |
| Current assets | £43 | £10.3k |
| Cash | £43 | £7.6k |
| Net assets | £-127.0k | £-185.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
- 2025-12-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-03📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-01➕TANNOCK, Matthew Craig appointeddirector
- 2024-04-01➖WILLIAMS, Scott John resigneddirector
- 2023-12-19📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-03-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-20➖BAIRD, Iain Campbell resigneddirector
- 2023-03-20➕WILLIAMS, Scott John appointeddirector
- 2022-12-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-06-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-02-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-03-05🏢Company incorporatedAs FDR GLASGOW LIMITED
- 2020-03-05➕BAIRD, Iain Campbell appointeddirector
- 2020-03-05📄incorporation-companyincorporation · NEWINC
Owner dependency
90/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Craig Tannock Individual · Scottish · DOB 07/1960 · age 66 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control · firm interest | 01/04/2024 |
2 historic (ceased) PSCs
- Mr Scott John Williamsceased 01/04/2024· 75-100% shares · 75-100% voting · board control
- Mr Iain Campbell Bairdceased 20/03/2023· 75-100% shares · 75-100% 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 →Similar companies
Active · Hospitality · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| F & L TAVERNS LTD→ SC619162 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FINN VILLAGE LTD→ SC777753 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FINNDENBURG FOODS LTD→ SC832932 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIRHILL2019 LTD→ SC626027 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| FIRST TO FOOD LIMITED→ SC800831 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FISH & CHICKEN BAR LIMITED→ SC544222 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| FIVE MARCH EVENTS LTD→ SC810282 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FLUM LIMITED→ SC809555 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FOOD IN THE HOOD LIMITED→ SC445248 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| FOOD PARADISE LIMITED→ SC681911 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FOOD SUPPLY SCOT LIMITED→ SC866716 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOOD VARIETY LTD→ SC720005 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated2020-03-05
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
3 Robert Drive
Glasgow
G51 3HE
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06
Officers (1 active · 2 resigned)
TANNOCK, Matthew Craig→
Activedirector · ~66y · appointed 2024-04-01
View their other companies + combined net worth →
BAIRD, Iain Campbell→
Resigneddirector · ~57y · appointed 2020-03-05 · resigned 2023-03-20
WILLIAMS, Scott John→
Resigneddirector · ~62y · appointed 2023-03-20 · resigned 2024-04-01
Click a director name to see their full track record across all companies.
Recent filings (24 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-06
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-03
termination-director-company-with-name-termination-date
officers · TM01
2024-04-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-03
appoint-person-director-company-with-name-date
officers · AP01
2024-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-28
termination-director-company-with-name-termination-date
officers · TM01
2023-03-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-28
appoint-person-director-company-with-name-date
officers · AP01
2023-03-28