FIRSTMEDICINE-ABERDEEN LIMITED

💤Zombieactive
SC705203 · ltd · incorporated 2021-07-28
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 Jul 2025
Net worth
£-35.0k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 75/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

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
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £35,012
Cash YoY
-32%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£33k
↓ 32% YoY
Net Worth
-£35k
↓ 66% YoY
Current Assets
£55k
↓ 7.4% YoY
Current Liabilities
-£35k-£16k£3k£22k£41k£60kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£-35.0k£-21.1k
Current assets£55.3k£59.7k
Cash£32.7k£47.8k
Debtors£22.6k£11.9k
Net assets£-35.0k£-21.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 signals 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
1
filing
  • 1 accounts
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-12-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2022-11-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2022-04-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2022-04-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2021-09-02
    MACDONALD, Roderick James appointed
    director
  10. 2021-09-02
    FORBES, Neil David resigned
    director
  11. 2021-09-02
    GARDNER, Ross Scott resigned
    director
  12. 2021-09-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2021-09-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2021-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-09-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2021-08-26
    📄
    resolution
    resolution · RESOLUTIONS
  18. 2021-07-28
    🏢
    Company incorporated
    As FIRSTMEDICINE-ABERDEEN LIMITED
  19. 2021-07-28
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  20. 2021-07-28
    FORBES, Neil David appointed
    director
  21. 2021-07-28
    GARDNER, Ross Scott appointed
    director
  22. 2021-07-28
    📄
    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 age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Scottish Medicine Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Scottish Medicine Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
FIRSTMEDICINE-ABERDEEN LIMITED
This company · SC705203

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
Scottish Medicine Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control04/04/2022
2 historic (ceased) PSCs
  • Mr Roderick James Macdonaldceased 04/04/2022· 75-100% shares · 75-100% voting · board control
  • Stronachs Nominees Limitedceased 02/09/2021· 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 →

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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
Incorporated2021-07-28
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

28 Albyn Place
Aberdeen
AB10 1YL
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-09-23
Last: 2025-09-09

Officers (2 active · 2 resigned)

STRONACHS SECRETARIES LIMITED
corporate-secretary · appointed 2021-07-28
View their other companies + combined net worth →
Active
MACDONALD, Roderick James
director · ~75y · appointed 2021-09-02
View their other companies + combined net worth →
Active
FORBES, Neil David
director · ~56y · appointed 2021-07-28 · resigned 2021-09-02
Resigned
GARDNER, Ross Scott
director · ~49y · appointed 2021-07-28 · resigned 2021-09-02
Resigned

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

Recent filings (20 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-22
gazette-filings-brought-up-to-date
gazette · DISS40
2022-12-09
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-08
gazette-notice-compulsory
gazette · GAZ1
2022-11-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-04-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-09-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-09-02