FIRSTMINUTE CAPITAL III CARRY LP

💤Zombieactive
SL035906 · limited-partnership · incorporated 2022-08-30
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
60/100
Worth a look
🔔
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 60/100 (worth a look), bankability 70/100. 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 (41/100)

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
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
14 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-09-03
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC05
  2. 2025-09-02
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  3. 2025-04-30
    📄
    legacy
    incorporation · LP6
  4. 2024-10-23
    📄
    legacy
    incorporation · LP6
  5. 2024-08-30
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  6. 2024-08-29
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC04
  7. 2024-08-12
    📄
    legacy
    incorporation · LP6
  8. 2024-06-11
    📄
    legacy
    incorporation · LP6
  9. 2024-02-05
    📄
    legacy
    incorporation · LP6
  10. 2024-01-03
    📄
    legacy
    incorporation · LP6
  11. 2023-10-19
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC04
  12. 2023-08-30
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  13. 2023-01-30
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC05
  14. 2022-08-30
    🏢
    Company incorporated
    As FIRSTMINUTE CAPITAL III CARRY LP
  15. 2022-08-30
    📄
    registration-and-designation-as-a-private-fund-limited-partnership
    incorporation · LP7(S)

Owner dependency

50/100
Moderate — manageable with handover

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

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

2 corporate shareholders identified. Group structure is distributed.

🏛️
Firstminute Capital Llp
Corporate parent
🏛️
Firstminute Capital Iii General Partner Llp
Corporate parent
FIRSTMINUTE CAPITAL III CARRY LP
This company · SL035906

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Firstminute Capital Llp
Corporate entity
sig. influencesignificant influence30/08/2022
Spencer Crawley
Individual · British · DOB 08/1987 · age 39
control reported30/08/2022
Firstminute Capital Iii General Partner Llp
Corporate entity
control reported30/08/2022

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 →
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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.

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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
Typelimited-partnership
Incorporated2022-08-30
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: 2026-09-12
Last: 2025-08-29

Officers (0 active · 0 resigned)

Recent filings (14 total)

change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC05
2025-09-03
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2025-09-02
legacy
incorporation · LP6
2025-04-30
legacy
incorporation · LP6
2024-10-23
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2024-08-30
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC04
2024-08-29
legacy
incorporation · LP6
2024-08-12
legacy
incorporation · LP6
2024-06-11
legacy
incorporation · LP6
2024-02-05
legacy
incorporation · LP6
2024-01-03
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC04
2023-10-19
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2023-08-30
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC05
2023-01-30
registration-and-designation-as-a-private-fund-limited-partnership
incorporation · LP7(S)
2022-08-30