FASQUE LIMITED

🌱Startupactive
SC814848 · ltd · incorporated 2024-06-27
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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What this business does
Primary activity: Event catering activities
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 37/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 1.6y

0/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 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
10 connected companies via shared directors
75
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
51
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
2
filings
  • 2 mortgage
Last 180 days
5
filings
  • 5 mortgage
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-12
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  2. 2026-03-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-03-09
    🔒
    Charge registered #6
    Lender: Gfs 1 LTD
  4. 2025-12-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-12-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-12-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-12-16
    🔓
    Charge satisfied #3
  8. 2025-12-16
    🔓
    Charge satisfied #2
  9. 2025-12-16
    🔓
    Charge satisfied #1
  10. 2025-07-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2025-07-23
    🔒
    Charge registered #5
    Lender: Lhv Bank Limited
  12. 2025-07-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  13. 2025-07-14
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2025-07-14
    🔒
    Charge registered #4
    Lender: Lhv Bank Limited
  15. 2024-11-19
    📄
    memorandum-articles
    incorporation · MA
  16. 2024-11-19
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2024-10-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2024-10-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2024-10-03
    🔒
    Charge registered #3
    Lender: Fasque House Estate Limited
  20. 2024-10-03
    🔒
    Charge registered #2
    Lender: Folk Nominee Limited (As Security Trustee)
  21. 2024-10-01
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  22. 2024-09-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  23. 2024-09-13
    🔒
    Charge registered #1
    Lender: Folk Nominee Limited (As Security Trustee)
  24. 2024-06-27
    🏢
    Company incorporated
    As FASQUE LIMITED
  25. 2024-06-27
    FLAME, Simon Paul appointed
    director
  26. 2024-06-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Young company: Only 1.8 years old — management layer unlikely to be developed.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high · 2 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-27

3 new charges in last 12 months
medium

Heavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.

Evidence: 2026-03-09: A registered charge; 2025-07-23: A registered charge; 2025-07-14: A registered charge

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Pacey Green Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Pacey Green Holdings Ltd
Corporate parent · holds 75-100% shares
ultimate parent
FASQUE LIMITED
This company · SC814848

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
Pacey Green Holdings Ltd
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting27/06/2024

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

12 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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2024-06-27
Jurisdictionscotland
Primary SIC56210 — Event catering activities

Registered office

Broxmouth House
Broxmouth Park
Dunbar
EH42 1QW
Scotland

Filing status

Accounts
Next due: 2026-03-27OVERDUE
Last made up to:
Confirmation statement
Next due: 2026-07-10
Last: 2025-06-26

Officers (1 active · 0 resigned)

FLAME, Simon Paul
director · ~64y · appointed 2024-06-27
View their other companies + combined net worth →
Active

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

Mortgages & charges

6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Gfs 1
Gfs 1 LTD
A registered charge2 properties09/03/2026
outstanding
Lhv Bank
Lhv Bank Limited
A registered charge1 property23/07/2025
outstanding
Lhv Bank
Lhv Bank Limited
A registered charge14/07/2025
satisfied
Fasque House Estate / Fasque House Properties / Dick Watson Construction
Fasque House Estate Limited / Fasque House Properties Limited / Dick Watson Construction Limited
A registered charge6 properties03/10/202416/12/2025
satisfied
Folk Nominee (As Security Trustee)
Folk Nominee Limited (As Security Trustee)
A registered charge10 properties03/10/202416/12/2025
satisfied
Folk Nominee (As Security Trustee)
Folk Nominee Limited (As Security Trustee)
A registered charge13/09/202416/12/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (16 total)

mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2026-03-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-11
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-12-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-24
change-account-reference-date-company-current-extended
accounts · AA01
2025-07-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
memorandum-articles
incorporation · MA
2024-11-19
resolution
resolution · RESOLUTIONS
2024-11-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-04
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2024-10-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-27