OLD LIBRARY COWORKING LTD

💤Zombieactive
SC692784 · ltd · incorporated 2021-03-19
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
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Turnover
year to Mar 2025
Net worth
£-2.6k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (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: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (80/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
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
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £2,645

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
Net Worth
-£3k
Current Assets
£16k
Current Liabilities
-£3k£1k£5k£9k£13k£16kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£-2.6k
Current assets£16.3k
Cash£2.9k
Debtors£11.1k
Net assets£-2.6k

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
3
filings
  • 2 persons-with-significant-control
  • 1 resolution
Last 90 days
5
filings
  • 2 persons-with-significant-control
  • 1 resolution
  • 1 officers
Last 180 days
6
filings
  • 2 persons-with-significant-control
  • 1 resolution
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-04-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-04-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-04-15
    📄
    resolution
    resolution · RESOLUTIONS
  4. 2026-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-07-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2024-05-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  9. 2023-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-03-19
    🏢
    Company incorporated
    As OLD LIBRARY COWORKING LTD
  12. 2021-03-19
    COOPER, Calvin Robert appointed
    director
  13. 2021-03-19
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 med ·
Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-05-14: certificate-change-of-name-company

Group structure

Finmory Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Finmory Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
OLD LIBRARY COWORKING LTD
This company · SC692784

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
Finmory Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/04/2026
1 historic (ceased) PSC
  • Mr Calvin Robert Cooperceased 01/04/2026· 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 →

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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
Incorporated2021-03-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Old Library
8 Laing Street
Kirkwall
Orkney
KW15 1NW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-01
Last: 2026-03-18

Officers (1 active · 0 resigned)

COOPER, Calvin Robert
director · ~36y · appointed 2021-03-19
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-04-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-20
resolution
resolution · RESOLUTIONS
2026-04-15
change-person-director-company-with-change-date
officers · CH01
2026-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-dormant
accounts · AA
2024-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-18
certificate-change-of-name-company
change-of-name · CERTNM
2024-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-dormant
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-27
accounts-with-accounts-type-dormant
accounts · AA
2022-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28