FRENZ (BUTCHERS) LIMITED

💤Zombieactive
SC065626 · ltd · incorporated 1978-08-15
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
year to Aug 2024
Net worth
£101.5k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (77/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £101,519
Net assets shrinking
Down £2,227 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£102k
↓ 2.1% YoY
Current Assets
£57k
↓ 7.1% YoY
Current Liabilities
£0£21k£41k£62k£83k£104kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£102.6k£105.9k
Current assets£56.7k£61.0k
Net assets£101.5k£103.7k

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

Recent activity

Last 30 days
3
filings
  • 2 confirmation-statement
  • 1 address
Last 90 days
3
filings
  • 2 confirmation-statement
  • 1 address
Last 180 days
3
filings
  • 2 confirmation-statement
  • 1 address
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-04-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-03-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-11-05
    FRENZ, John William George resigned
    director
  5. 2024-05-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-04-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-02-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-05-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-11-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  11. 2020-11-13
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  12. 2020-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-05-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-08-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-06-28
    FRENZ, Richard Alan appointed
    director
  17. 2017-06-28
    FRENZ, John William George appointed
    director
  18. 2017-06-28
    FRENZ, Laura resigned
    director
  19. 2015-03-16
    FRENZ, George William resigned
    secretary
  20. 2015-03-16
    FRENZ, George William resigned
    director
  21. 1978-08-15
    🏢
    Company incorporated
    As FRENZ (BUTCHERS) LIMITED

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "FRENZ" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 48 years old and no new directors in the last 3 years — succession not yet being planned internally.

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
NameSharesVoting rightsNature of controlNotified
Mr Richard Alan Frenz
Individual · British · DOB 10/1957 · age 69
2550%
25-50% shares13/11/2020

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

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.

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
Incorporated1978-08-15
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis

Registered office

32 Muirfield
Perth
PH1 1JJ
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31

Officers (1 active · 4 resigned)

FRENZ, Richard Alan
director · ~69y · appointed 2017-06-28
View their other companies + combined net worth →
Active
FRENZ, George William
secretary · resigned 2015-03-16
Resigned
FRENZ, George William
director · ~101y · resigned 2015-03-16
Resigned
FRENZ, John William George
director · ~73y · appointed 2017-06-28 · resigned 2024-11-05
Resigned
FRENZ, Laura
director · ~101y · resigned 2017-06-28
Resigned

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

Recent filings (103 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-26
termination-director-company-with-name-termination-date
officers · TM01
2025-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-13
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-11
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-06