THE TIN SHED (STRENGTH AND CONDITIONING) LTD

🌿Early-stageactive

SC773929 · ltd · incorporated 2023-06-27

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£22.9k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Fitness facilities

Sector: Arts, entertainment & recreation

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. Most likely exit: strategic trade sale (63/100).

Data confidence

Overall: medium (75/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (3 active, 3 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

6 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £22,879

Cash YoY

+415%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£15k

↑ 415% YoY

Net Worth

£23k

↑ 86% YoY

Current Assets

£16k

↑ 427% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£29.5k	£22.1k
Current assets	£16.0k	£3.0k
Cash	£14.6k	£2.8k
Debtors	£1.4k	£201
Net assets	£22.9k	£12.3k

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (8 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-14
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-06-27
🏢
Company incorporated
As THE TIN SHED (STRENGTH AND CONDITIONING) LTD
2023-06-27
➕
MCGREGOR, Alexandra appointed
secretary
2023-06-27
➕
ALLAN, Fraser appointed
director
2023-06-27
➕
MCGREGOR, Alexandra appointed
director
2023-06-27
📄
incorporation-company
incorporation · NEWINC

Owner dependency

63/100

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.
+Young company: Only 2.9 years old — management layer unlikely to be developed.

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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Fraser Allan Individual · Scottish · DOB 05/1999 · age 27	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	27/06/2023

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

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Active · Leisure & entertainment · KY postcode area

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KNOCKHILL RACING CIRCUIT LIMITED→ SC099128 · est 1986	—	—	—	5300	39y	83	64y
BOWHOUSE EQUESTRIAN LIMITED→ SC380348 · est 2010	—	—	—	0	15y	82	69y
COLINSBURGH GOLF LIMITED→ SC135648 · est 1991	—	—	—	900	34y	82	80y
JIM MCARTHUR ASSOCIATES LIMITED→ SC119828 · est 1989	—	—	—	100	36y	82	74y
SCOTLAND FOR GOLF LIMITED→ SC246486 · est 2003	—	—	—	500	23y	82	70y
THE SCOTLAND TOURS COMPANY LIMITED→ SC173779 · est 1997	—	—	—	1000	29y	82	69y
KNOCKHILL MOTOR SPORTS CLUB→ SC366259 · est 2009	—	—	—	600	16y	81	76y
LA BANDA LTD.→ SC362458 · est 2009	—	—	£8.5k	—	16y	81	67y
SCOTTISH DARTS ASSOCIATION→ SC105949 · est 1987	—	—	—	5	38y	81	67y
THE FIFE VINTAGE AGRICULTURAL MACHINERY CLUB→ SC193588 · est 1999	—	—	£22.8k	—	27y	81	77y
THE KINGDOM OF FIFE RAILWAY PRESERVATION SOCIETY→ SC138632 · est 1992	—	—	—	0	33y	81	85y
BURACH PRODUCTIONS LIMITED→ SC140727 · est 1992	—	—	£3.2k	—	33y	80	67y

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

Incorporated2023-06-27

Jurisdictionscotland

Primary SIC93130 — Fitness facilities

Registered office

Carslogie Road

Cupar

Fife

KY15 4HY

United Kingdom

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-10

Last: 2025-06-26

Officers (3 active · 0 resigned)

MCGREGOR, Alexandra→

secretary · appointed 2023-06-27

View their other companies + combined net worth →

Active

ALLAN, Fraser→

director · ~27y · appointed 2023-06-27

View their other companies + combined net worth →

Active

MCGREGOR, Alexandra→

director · ~29y · appointed 2023-06-27

View their other companies + combined net worth →

Active

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

Recent filings (6 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-03-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-09

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-03-19

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-14

change-account-reference-date-company-previous-shortened

accounts · AA01

2024-07-14

incorporation-company

incorporation · NEWINC

2023-06-27