KEYHAVEN SECONDARIES (TOP UP) FEEDER II, L.P.

💤Zombieactive
SL033744 · limited-partnership · incorporated 2019-05-01
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
not disclosed
Net worth
book net assets
Opportunity
61/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: No active directors on record. Company is active but has no current directors in the register. This is unusual and should be investigated. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (39/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
No officers data
0
Ownership & PSC
4 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
9 filings
60
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
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
60
Adequate data — full accounts will sharpen view.

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 (10 events)Click to expand
  1. 2026-05-13
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  2. 2025-05-23
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  3. 2024-05-29
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  4. 2023-06-15
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  5. 2022-05-27
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  6. 2021-05-25
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  7. 2020-05-26
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  8. 2019-05-28
    📄
    legacy
    incorporation · LP6
  9. 2019-05-01
    🏢
    Company incorporated
    As KEYHAVEN SECONDARIES (TOP UP) FEEDER II, L.P.
  10. 2019-05-01
    📄
    registration-and-designation-as-a-private-fund-limited-partnership
    incorporation · LP7(S)

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 high ·
No active directors on record
high

Company is active but has no current directors in the register. This is unusual and should be investigated.

Group structure

4 corporate shareholders identified. Group structure is distributed.

🏛️
Ksf Ii Gp Limited
Corporate parent
🏛️
Keyhaven Capital Partners Limited
Corporate parent
🏛️
Keyhaven Capital Partners Nominees Limited
Corporate parent
🏛️
Keyhaven Capital Partners (General Partner) Llp
Corporate parent
KEYHAVEN SECONDARIES (TOP UP) FEEDER II, L.P.
This company · SL033744

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

4 active beneficial owners · fragmented
NameSharesVoting rightsNature of controlNotified
Ksf Ii Gp Limited
Corporate entity
control reported01/05/2019
Keyhaven Capital Partners Limited
Corporate entity
control reported01/05/2019
Keyhaven Capital Partners Nominees Limited
Corporate entity
control reported01/05/2019
Keyhaven Capital Partners (General Partner) Llp
Corporate entity
control reported01/05/2019

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.

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Company details

Statusactive
Typelimited-partnership
Incorporated2019-05-01
Jurisdictionscotland
Primary SIC

Registered office

50 Lothian Road
Festival Square
Edinburgh
EH3 9WJ

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (0 active · 0 resigned)

Recent filings (9 total)

confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2026-05-13
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2025-05-23
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2024-05-29
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2023-06-15
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2022-05-27
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2021-05-25
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2020-05-26
legacy
incorporation · LP6
2019-05-28
registration-and-designation-as-a-private-fund-limited-partnership
incorporation · LP7(S)
2019-05-01