OPTIMAL STUDENT (ABERDEEN CITY) LLP

💤Zombieactive
SO307331 · llp · incorporated 2021-07-30
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.
Why now
Window opening · high confidence
More negotiable than before — 4 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 50
  • · Bankability: 52 → 32
  • · Deal-killer verdict: clean → complicated
  • · Opportunity score: 60 → 51
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 4 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

  • ↓Deal-killer verdict: clean → complicated
  • ↓Opportunity score: 60 → 51
  • ↓Hygiene score: 90 → 50
  • ↓Bankability: 52 → 32
  • ·Distress / opportunity: avoid → speculative
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
£8.51M
book net assets
Opportunity
51/100
Worth a look
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Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 32/100. Asset purchase likely safer than share purchase given structural signals. 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 (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

10 live charges · 6 lenders · oldest 4.3y

5/100
under pressure

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

  • · Charge age ~4.3 years — mid-life; refi window approaching.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, no SIC, incorporation date
80
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
29 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
35
Concerning — overdue filings or status flags present.
Acquirability
50
Some acquirability indicators.
Risk profile
48
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £8,507,815
Cash draining
Cash down 79% YoY
Cash YoY
-79%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 79% YoY
Net Worth
£8.5m
Current Assets
£1.8m
↓ 17% YoY
Current Liabilities
—
£0£1.7m£3.4m£5.1m£6.8m£8.5mJul 2023Jul 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-07-312023-07-31
Total assets£18.43M—
Current assets£1.78M£2.16M
Cash£3.4k£15.9k
Debtors£1.78M£2.14M
Net assets£8.51M—

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 mortgage
Last 180 days
5
filings
  • • 5 mortgage
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-03-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  2. 2026-03-06
    🔒
    Charge registered #10
    Lender: Gfs 1 LTD
  3. 2026-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  4. 2026-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  5. 2026-02-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  6. 2026-02-20
    🔒
    Charge registered #9
    Lender: Gfs 1 LTD
  7. 2026-02-20
    🔒
    Charge registered #8
    Lender: Gfs 1 LTD
  8. 2026-02-20
    🔒
    Charge registered #7
    Lender: Gfs 1 LTD
  9. 2025-12-22
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  10. 2025-12-22
    🔓
    Charge satisfied #4
  11. 2025-08-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2025-08-13
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  13. 2025-08-12
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  14. 2025-07-08
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  15. 2025-06-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2025-05-13
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  17. 2024-08-09
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  18. 2024-07-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  19. 2024-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2024-07-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  21. 2024-05-13
    📍
    change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
    address · LLAD01
  22. 2023-08-04
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  23. 2023-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2023-05-13
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  25. 2023-05-13
    🔓
    Charge satisfied #3
  26. 2023-05-12
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  27. 2023-05-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  28. 2023-05-12
    🔓
    Charge satisfied #2
  29. 2023-05-09
    🔒
    Charge registered #6
    Lender: Lyell Trading Limited as Security Trustee
  30. 2023-05-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  31. 2023-04-28
    🔒
    Charge registered #5
    Lender: Lyell Trading Limited as Security Trustee for the Secured Parties
  32. 2022-12-06
    📄
    mortgage-satisfy-charge-full-limited-liability-partnership
    mortgage · LLMR04
  33. 2022-12-06
    🔓
    Charge satisfied #1
  34. 2022-12-05
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  35. 2022-12-02
    🔒
    Charge registered #4
    Lender: Henslow Trading Limited as Security Trustee
  36. 2022-11-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
    mortgage · LLMR01
  37. 2022-11-23
    🔒
    Charge registered #3
    Lender: Henslow Trading Limited as Security Trustee for the Secured Parties
  38. 2022-03-18
    🔒
    Charge registered #2
    Lender: Soho Green Pcc Limited/Cell W
  39. 2022-02-23
    🔒
    Charge registered #1
    Lender: Soho Green Pcc Limited/Cell W
  40. 2021-07-30
    🏢
    Company incorporated
    As OPTIMAL STUDENT (ABERDEEN CITY) LLP
  41. 2021-07-30
    ➕
    FLAME, Simon Paul appointed
    llp-designated-member
  42. 2021-07-30
    ➕
    PACEY GREEN HOLDINGS LIMITED appointed
    corporate-llp-designated-member

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 · 2 med · 1 low
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: 2026-04-30

4 new charges in last 12 months
medium

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

Evidence: 2026-03-06: A registered charge; 2026-02-20: A registered charge; 2026-02-20: 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.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Pacey Green Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Pacey Green Holdings Limited
Corporate parent
⬇
OPTIMAL STUDENT (ABERDEEN CITY) LLP
This company · SO307331

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Pacey Green Holdings Limited
Corporate entity
—25–50%25-50% voting30/07/2021
Mr Simon Paul Flame
Individual · British · DOB 05/1962 · age 64
—25–50%25-50% voting30/07/2021

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

11 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
Typellp
Incorporated2021-07-30
Jurisdictionscotland
Primary SIC—

Registered office

Broxmouth House
Broxmouth House
Dunbar
EH42 1QW
Scotland

Filing status

Accounts
Next due: 2026-04-30OVERDUE
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-08-12
Last: 2025-07-29

Officers (2 active · 0 resigned)

FLAME, Simon Paul→
llp-designated-member · ~64y · appointed 2021-07-30
View their other companies + combined net worth →
Active
PACEY GREEN HOLDINGS LIMITED→
corporate-llp-designated-member · appointed 2021-07-30
View their other companies + combined net worth →
Active

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

Mortgages & charges

10
Total charges
6
Outstanding
3
Active lenders
Status:Lender:10 of 10 shown
TypeProperties
outstanding
Gfs 1
Gfs 1 LTD
A registered charge1 property06/03/2026—
outstanding
Gfs 1
Gfs 1 LTD
A registered charge—20/02/2026—
outstanding
Gfs 1
Gfs 1 LTD
A registered charge—20/02/2026—
outstanding
Gfs 1
Gfs 1 LTD
A registered charge—20/02/2026—
outstanding
Lyell Trading as Security Trustee
Lyell Trading Limited as Security Trustee
A registered charge2 properties09/05/2023—
outstanding
Lyell Trading as Security Trustee for the Secured Parties
Lyell Trading Limited as Security Trustee for the Secured Parties
A registered charge—28/04/2023—
satisfied
Henslow Trading as Security Trustee
Henslow Trading Limited as Security Trustee
A registered charge1 property02/12/202222/12/2025
satisfied
Henslow Trading as Security Trustee for the Secured Parties
Henslow Trading Limited as Security Trustee for the Secured Parties
A registered charge—23/11/202213/05/2023
satisfied
Soho Green Pcc /Cell W
Soho Green Pcc Limited/Cell W
A registered charge1 property18/03/202212/05/2023
satisfied
Soho Green Pcc /Cell W
Soho Green Pcc Limited/Cell W
A registered charge—23/02/202206/12/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (29 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-03-09
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-02-23
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2026-02-23
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2025-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-14
gazette-filings-brought-up-to-date
gazette · DISS40
2025-08-13
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2025-08-12
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2025-07-08
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
change-registered-office-address-limited-liability-partnership-with-date-old-address-new-address
address · LLAD01
2025-05-13
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-08-09
gazette-filings-brought-up-to-date
gazette · DISS40
2024-07-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-25
gazette-notice-compulsory
gazette · GAZ1
2024-07-02