FIRST LIGHT VENTURES LIMITED
💤Zombieactive
SC689006 · ltd · incorporated 2021-02-12
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 Feb 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Activities of distribution holding companies
Sector: Financial & insurance
ALSO REGISTERED FOR
- 64205Activities of financial services holding companies
- 64209Activities of other holding companies n.e.c.
Investor take
PursueAsset-holding vehicle with a 72-year-old founder — textbook succession opportunity.
Opportunity 76/100 (strong), bankability 75/100. 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).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 3 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
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
16 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-28 |
|---|
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
7
filings
- • 3 confirmation-statement
- • 2 officers
- • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
- 2025-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-11-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-10➕DE GHOUY, Pascal appointeddirector
- 2025-11-10➖MAGRO DE ALMEIDA, Joaquim resigneddirector
- 2025-03-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-03-29📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-03-15📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-03-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-02-12🏢Company incorporatedAs FIRST LIGHT VENTURES LIMITED
- 2021-02-12➕MAGRO DE ALMEIDA, Joaquim appointeddirector
- 2021-02-12📄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 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
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 Pascal De Ghouy Individual · French · DOB 04/1954 · age 72 | 75–100% | — | 75-100% shares | 10/11/2025 |
1 historic (ceased) PSC
- Mr Joaquim Magro De Almeidaceased 10/11/2025· 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.
Similar companies
Active · Holding company · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LUPTAR CONTRACTS LTD→ SC833600 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LYKKE WEALTH LTD→ SC791175 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| MARKEY HOLDINGS LIMITED→ SC509809 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| MATPRO MACHINERY LIMITED→ SC478888 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| MAXDEN HOLDINGS LIMITED→ SC877705 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MCARTHUR LSL GROUP LTD→ SC856564 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCCABE HOLDINGS LTD→ SC881968 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MCGOWANS OF GLASGOW (JEWELLERS) LIMITED→ SC130030 · est 1991 · no financials extracted | — | — | — | — | 35y | — | — |
| MCLAREN ISLANDS LTD→ SC868868 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MCQUEENS DAIRIES HOLDINGS LIMITED→ SC655400 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| MCS GROUP SCOTLAND LTD→ SC883481 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| MCVEY & MURRICANE NOMINEES LIMITED→ SC351816 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
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
Incorporated2021-02-12
Jurisdictionscotland
Primary SIC64204 — Activities of distribution holding companies
Registered office
111 West George Street
Glasgow
Lanarkshire
G2 1QX
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-24
Last: 2026-02-10
Officers (1 active · 1 resigned)
DE GHOUY, Pascal→
Activedirector · ~72y · appointed 2025-11-10
View their other companies + combined net worth →
MAGRO DE ALMEIDA, Joaquim→
Resigneddirector · ~77y · appointed 2021-02-12 · resigned 2025-11-10
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
2026-02-10
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-13
appoint-person-director-company-with-name-date
officers · AP01
2025-11-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-11-13
termination-director-company-with-name-termination-date
officers · TM01
2025-11-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-13
accounts-with-accounts-type-dormant
accounts · AA
2025-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-12
accounts-with-accounts-type-dormant
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-dormant
accounts · AA
2023-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-15
accounts-with-accounts-type-dormant
accounts · AA
2022-03-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-25