LACELESS DESIGN LIMITED

🌿Early-stageactive
SC733482 · ltd · incorporated 2022-05-24
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 13 → 14
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Filings: 1314
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 May 2025
Net worth
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: SIC 15200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 74100Specialised design activities
  • 78109Other activities of employment placement agencies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).

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 (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
14 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
60
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.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (12 events)Click to expand
  1. 2025-08-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-02-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-06-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-05-24
    🏢
    Company incorporated
    As LACELESS DESIGN LIMITED
  10. 2022-05-24
    COCKING, Daniel Paul appointed
    director
  11. 2022-05-24
    COCKING, Ruth Veronica appointed
    director
  12. 2022-05-24
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Ruth Veronica Cocking
Individual · British · DOB 11/1993 · age 33
2550%
25–50%board control25-50% shares · 25-50% voting · board control24/05/2022
Daniel Paul Cocking
Individual · British · DOB 12/1990 · age 36
2550%
25–50%board control25-50% shares · 25-50% voting · board control24/05/2022

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2022-05-24
Jurisdictionscotland
Primary SIC15200 — SIC 15200

Registered office

70 Watermill Avenue
Kirkintilloch
Glasgow
G66 5EL
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-07-14
Last: 2026-06-30

Officers (2 active · 0 resigned)

COCKING, Daniel Paul
director · ~36y · appointed 2022-05-24
View their other companies + combined net worth →
Active
COCKING, Ruth Veronica
director · ~33y · appointed 2022-05-24
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-07-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-31
change-person-director-company-with-change-date
officers · CH01
2024-02-28
change-person-director-company-with-change-date
officers · CH01
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-02-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
incorporation-company
incorporation · NEWINC
2022-05-24