W&F SERVICES LTD

💤Zombieactive
SC762592 · ltd · incorporated 2023-03-16
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 Mar 2025
Net worth
£3.9k
book net assets
Opportunity
71/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: SIC 33110
Sector: Manufacturing
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Strong opportunity: asset-holding vehicle 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. 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 (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, 2 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
10 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £3,895

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£4k
↑ 3795% YoY
Current Assets
£11k
↑ 11197% YoY
Current Liabilities
£0£2k£5k£7k£9k£11kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£3.9k£100
Current assets£11.3k£100
Net assets£3.9k£100

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-10-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-11-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-03-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-03-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-02-21
    FARQUHAR, Conan David resigned
    director
  7. 2023-03-16
    🏢
    Company incorporated
    As W&F SERVICES LTD
  8. 2023-03-16
    WHITE, Lee Alexander appointed
    director
  9. 2023-03-16
    FARQUHAR, Conan David appointed
    director
  10. 2023-03-16
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

clean
No 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%
NameSharesVoting rightsNature of controlNotified
Mr Lee Alexander White
Individual · British · DOB 08/1999 · age 27
75100%
75–100%75-100% shares · 75-100% voting16/03/2023
1 historic (ceased) PSC
  • Mr Conan David Farquharceased 28/02/2024· 25-50% shares · 25-50% voting · board control

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

Similar companies

Active · Manufacturing · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
GAEL FORCE GROUP LIMITED
SC229244 · est 2002
£23.82M
£18.53M£29.11M
170024y8362y
GAEL FORCE ENGINEERING LIMITED
SC394817 · est 2011
£1.26M
£977.0k£1.54M
470015y8262y
HENDRY HYDRAULICS LIMITED
SC059511 · est 1976
£331.6k
£257.9k£405.3k
9150y8775y
ANTA SCOTLAND LIMITED
SC156285 · est 1995
3031y8369y
JAMES JOHNSTON & CO. OF ELGIN LIMITED
SC022553 · est 1943 · no financials extracted
82y8370y
MUIRTON CONTROL & AUTOMATION LTD
SC395862 · est 2011
£418.0k15y8358y
MUNRO SAWMILLS LTD.
SC228923 · est 2002 · no financials extracted
24y8376y
STRATH PRINT LTD.
SC205018 · est 2000
£12.4k26y8374y
HIGHLAND BODYSHOP LTD
SC273214 · est 2004
£148.5k21y8273y
INVERFAB LTD.
SC223907 · est 2001
£537.1k24y8280y
MACKAY STEELWORK & CLADDING LIMITED
SC161195 · est 1995
£3.98M30y8258y
MARINE DIESEL SERVICES (SCOTLAND) LTD
SC172858 · est 1997
£373.4k29y8268y
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
Incorporated2023-03-16
Jurisdictionscotland
Primary SIC33110 — SIC 33110

Registered office

Wards House
Wards Road
Elgin
Morayshire
IV30 1NL
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-07
Last: 2025-09-23

Officers (1 active · 1 resigned)

WHITE, Lee Alexander
director · ~27y · appointed 2023-03-16
View their other companies + combined net worth →
Active
FARQUHAR, Conan David
director · ~28y · appointed 2023-03-16 · resigned 2024-02-21
Resigned

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

Recent filings (10 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-11-21
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-03-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-28
termination-director-company-with-name-termination-date
officers · TM01
2024-02-28
incorporation-company
incorporation · NEWINC
2023-03-16