ACTIFRAME LIMITED

💤Zombieactive
SC687852 · ltd · incorporated 2021-02-02
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 Feb 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Research and experimental development on biotechnology
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 71/100 (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: medium (79/100)

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
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, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29

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
0
filings
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-02-10
    MILLICAN, Keith resigned
    director
  2. 2026-02-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-11-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2025-02-26
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  5. 2025-02-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2024-03-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-10-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-11-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-07-19
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  10. 2021-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2021-02-02
    🏢
    Company incorporated
    As ACTIFRAME LIMITED
  12. 2021-02-02
    ST ANDREWS INNOVATION LIMITED appointed
    corporate-director
  13. 2021-02-02
    MILLICAN, Keith appointed
    director
  14. 2021-02-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
Critical — business is the founder

The 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 name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.

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.)

Group structure

St Andrews Innovation Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
St Andrews Innovation Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ACTIFRAME LIMITED
This company · SC687852

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
St Andrews Innovation Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control02/02/2021

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
Incorporated2021-02-02
Jurisdictionscotland
Primary SIC72110 — Research and experimental development on biotechnology

Registered office

Walter Bower House Main Street
Guardbridge
St. Andrews
KY16 0US
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (1 active · 1 resigned)

ST ANDREWS INNOVATION LIMITED
corporate-director · appointed 2021-02-02
View their other companies + combined net worth →
Active
MILLICAN, Keith
director · ~66y · appointed 2021-02-02 · resigned 2026-02-10
Resigned

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

Recent filings (15 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
termination-director-company-with-name-termination-date
officers · TM01
2026-02-10
accounts-with-accounts-type-dormant
accounts · AA
2025-11-27
change-corporate-director-company-with-change-date
officers · CH02
2025-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-02-10
accounts-with-accounts-type-dormant
accounts · AA
2024-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-dormant
accounts · AA
2023-10-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-dormant
accounts · AA
2022-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-02
change-corporate-director-company-with-change-date
officers · CH02
2021-07-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-16
incorporation-company
incorporation · NEWINC
2021-02-02