FALS 2 LIMITED
💤Zombieactive
SC667780 · ltd · incorporated 2020-07-17
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
—
not disclosed
Net worth
—
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
PursueAsset-holding vehicle with a 72-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 65/100. Strong seller-intent signal (60/100, director aged 72). 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 (73/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 4.1y
20/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.1 years — mid-life; refi window approaching.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
1
filing
- • 1 accounts
Last 90 days
2
filings
- • 1 accounts
- • 1 mortgage
Last 180 days
2
filings
- • 1 accounts
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2026-04-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2026-02-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-19🔒Charge registered #5Lender: National Westminster Bank PLC as Security Trustee for the Secured Parties (As Defined in the Facility Agreement (as Defined in the Charge))
- 2025-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-08-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-08-21🔒Charge registered #4Lender: Hsbc UK Bank PLC
- 2023-08-21🔒Charge registered #3Lender: Hsbc UK Bank PLC
- 2023-06-16📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-13➖GROSSART, Angus Mcfarlane Mcleod, Sir resigneddirector
- 2022-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-03-15🔒Charge registered #2Lender: Hsbc UK Bank PLC
- 2022-03-15🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2021-10-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-08-13📄memorandum-articlesincorporation · MA
- 2021-08-12➕MCFADDEN, Peter appointedsecretary
- 2021-08-12➕BROWN, Roger Thomas appointeddirector
- 2021-08-12➖DM COMPANY SERVICES LIMITED resignedcorporate-secretary
- 2021-08-12➖GILCHRIST, Ewan Caldwell resigneddirector
- 2021-08-12➕GROSSART, Angus Mcfarlane Mcleod, Sir appointeddirector
- 2021-08-12📄resolutionresolution · RESOLUTIONS
- 2021-08-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-08-12📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2021-08-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-08-12📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-07-17🏢Company incorporatedAs FALS 2 LIMITED
- 2020-07-17➕DM COMPANY SERVICES LIMITED appointedcorporate-secretary
- 2020-07-17➕GILCHRIST, Ewan Caldwell appointeddirector
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 72 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ms Flure Mary Kerr Grossart Individual · British · DOB 12/1982 · age 44 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 12/08/2021 |
1 historic (ceased) PSC
- 22 Nominees Limitedceased 12/08/2021· 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 · Holding company · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FHW HOLDINGS LIMITED→ SC655355 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| FIRSTMINUTE CAPITAL IV HOLDCO 2 LTD→ SC873131 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FLANNELLY HOLDINGS LIMITED→ SC548054 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| FM INTERNATIONAL HOLDINGS LIMITED→ SC590004 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| FORBES BR HOLDINGS LTD→ SC880777 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FORBES SIMMERS LIMITED→ SC016168 · est 1930 · no financials extracted | — | — | — | — | 95y | — | — |
| FORTHSIDE LIMITED→ SC284828 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| FOUR BROTHERS EDIN LIMITED→ SC842999 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FRASER MADDOX GROUP LIMITED→ SC866511 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FREDRICK HOLDINGS LIMITED→ SC828254 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FRENCH STREET PROPERTIES LIMITED→ SC044676 · est 1967 · no financials extracted | — | — | — | — | 58y | — | — |
| FRIENDS OF LAGGANLIA→ SC400810 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2020-07-17
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.
Registered office
48 Queen Street
Edinburgh
EH2 3NR
Scotland
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-07-30
Last: 2025-07-16
Officers (2 active · 3 resigned)
Active
BROWN, Roger Thomas→
Activedirector · ~72y · appointed 2021-08-12
View their other companies + combined net worth →
DM COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2020-07-17 · resigned 2021-08-12
GILCHRIST, Ewan Caldwell→
Resigneddirector · ~57y · appointed 2020-07-17 · resigned 2021-08-12
GROSSART, Angus Mcfarlane Mcleod, Sir→
Resigneddirector · ~89y · appointed 2021-08-12 · resigned 2022-05-13
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Westminster Bank as Security Trustee for the Secured Parties (As Defined in the Facility Agreement (as Defined in the Charge)) National Westminster Bank PLC as Security Trustee for the Secured Parties (As Defined in the Facility Agreement (as Defined in the Charge)) | A registered charge | — | 19/02/2026 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 21/08/2023 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 21/08/2023 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 15/03/2022 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | — | 15/03/2022 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (28 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-04-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-16
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-20
termination-director-company-with-name-termination-date
officers · TM01
2022-05-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-18
accounts-with-accounts-type-dormant
accounts · AA
2021-10-15