FLAT CAT GALLERY LIMITED

💤Zombieactive
SC767672 · ltd · incorporated 2023-04-28
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 Jun 2025
Net worth
£-19.6k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Unlicenced restaurants and cafes
Sector: Accommodation & food service
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. 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).

🏦

Refinance opportunity

2 live charges · oldest 2.9y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.9 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
12 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
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £19,589

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£20k
↓ 153% YoY
Current Assets
£14k
↑ 119% YoY
Current Liabilities
-£20k-£13k-£6k£611£7k£14kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£139.7k£159.0k
Current assets£14.1k£6.4k
Net assets£-19.6k£-7.7k

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 (13 events)Click to expand
  1. 2026-03-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-05-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-04-26
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  7. 2023-07-17
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2023-07-14
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  9. 2023-06-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2023-06-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  11. 2023-04-28
    🏢
    Company incorporated
    As FLAT CAT GALLERY LIMITED
  12. 2023-04-28
    BONY, Claire appointed
    director
  13. 2023-04-28
    📄
    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
Ms Claire Bony
Individual · British · DOB 05/1971 · age 55
75100%
75–100%board control75-100% shares · 75-100% voting · board control28/04/2023

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

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
Incorporated2023-04-28
Jurisdictionscotland
Primary SIC56102 — Unlicenced restaurants and cafes

Registered office

2 Glenormiston Farm Cottage
Glenormiston
Innerleithen
Peeblesshire
EH44 6RD
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (1 active · 0 resigned)

BONY, Claire
director · ~55y · appointed 2023-04-28
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property14/07/2023
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge12/06/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (12 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-17
change-person-director-company-with-change-date
officers · CH01
2024-05-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-17
change-account-reference-date-company-current-extended
accounts · AA01
2024-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-14
incorporation-company
incorporation · NEWINC
2023-04-28