TWO RACCOONS LTD
🏛️Establishedactive
SC691617 · ltd · incorporated 2021-03-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£-39.4k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: SIC 11030
Sector: Manufacturing
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. Most likely exit: distressed disposal / insolvency (65/100).
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, 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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
28 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 105 (micro)Negative net assets
Liabilities exceed assets by £39,415
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
-£39k
↓ 62% YoY
Current Assets
£17k
↓ 68% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-39.4k | £-24.4k |
| Current assets | £16.7k | £52.6k |
| Net assets | £-39.4k | £-24.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2026-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-30📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-08-30📄change-person-director-company-with-change-dateofficers · CH01
- 2024-08-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-10-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-07📄capital-alter-shares-subdivisioncapital · SH02
- 2023-06-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-15📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-15📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-06-15📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-03-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-08📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-12📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-11-11📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-06-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-03-09🏢Company incorporatedAs TWO RACCOONS LTD
- 2021-03-09➕MARTENS, Elliott Nicolas Fabien appointeddirector
- 2021-03-09➕RASMUSSEN, Lasse Melgaard appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Lasse Melgaard Rasmussen Individual · Danish · DOB 03/1997 · age 29 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/03/2021 |
Mr Elliott Nicolas Fabien Martens Individual · Belgian · DOB 04/1995 · age 31 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 09/03/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| KEPAK GROUP LIMITED→ SC440783 · est 2013 | £32.76M £24.14M–£41.39M | £648.38M | — | 147800 | 13y | 89 | 75y |
| EAST COAST VINERS GRAIN (DRUMLITHIE) LIMITED→ SC465482 · est 2013 | £10.04M £7.40M–£12.68M | £55.24M | — | 6600 | 12y | 95 | 79y |
| MACKIE'S LIMITED→ SC030096 · est 1954 | £8.51M £6.27M–£10.75M | — | — | 115 | 71y | 84 | 62y |
| STRATHCLYDE NUTRITION LTD.→ SC198829 · est 1999 | £5.68M £4.18M–£7.17M | — | — | 1 | 26y | 80 | 55y |
| WILLIAM GRANT & SONS LIMITED→ SC131772 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 67y |
| COLIN FRASER LIMITED→ SC236839 · est 2002 | — | — | £690.5k | — | 23y | 82 | 65y |
| GRANITE CITY FISH LIMITED→ SC130588 · est 1991 | — | — | £327.0k | — | 35y | 82 | 66y |
| GT SEAFOODS LIMITED→ SC241817 · est 2003 | — | — | £2.21M | — | 23y | 82 | 62y |
| HOME BAKERY (BUCKIE) LIMITED→ SC104797 · est 1987 | — | — | — | 2600 | 38y | 82 | 75y |
| J H MILNE (PETERHEAD) LIMITED→ SC181790 · est 1997 | — | — | £723.9k | — | 28y | 82 | 75y |
| J.G. ROSS (BAKERS) LIMITED→ SC062889 · est 1977 | — | — | £3.22M | — | 48y | 82 | 64y |
| M GEDDES LTD.→ SC277504 · est 2004 | — | — | £176.6k | — | 21y | 82 | 63y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2021-03-09
Jurisdictionscotland
Primary SIC11030 — SIC 11030
Registered office
3 Prospect Place
Westhill
Aberdeenshire
AB32 6SY
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-03-22
Last: 2026-03-08
Officers (2 active · 0 resigned)
MARTENS, Elliott Nicolas Fabien→
Activedirector · ~31y · appointed 2021-03-09
View their other companies + combined net worth →
RASMUSSEN, Lasse Melgaard→
Activedirector · ~29y · appointed 2021-03-09
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (28 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-30
change-person-director-company-with-change-date
officers · CH01
2024-08-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-08-30
change-person-director-company-with-change-date
officers · CH01
2024-08-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-11
capital-alter-shares-subdivision
capital · SH02
2023-07-07
change-person-director-company-with-change-date
officers · CH01
2023-06-15
change-person-director-company-with-change-date
officers · CH01
2023-06-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-06-15