FLAGSHIP HOTELS LIMITED

💤Zombieactive
SC230503 · ltd · incorporated 2002-04-18
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 steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Dec 2024
Net worth
£234.4k
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 72). 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).

🏦

Refinance opportunity

1 live charge · oldest 4.8y

35/100
under pressure

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

  • · Charge age ~4.8 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
57 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £234,352

Key financials

1 year extracted from filed iXBRL accounts
Cash
Net Worth
£234k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-31
Total assets£234.4k
Debtors£1.0k
Net assets£234.4k

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

🔒Filing-note intelligence

3 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-01-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-01-31
    🔓
    Charge satisfied #1
  5. 2024-08-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-12-22
    WATERSON, Josephine resigned
    director
  8. 2023-08-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-09-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2021-09-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2021-08-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  12. 2021-08-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2020-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2019-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2018-09-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-10-05
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2016-10-07
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2016-04-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-01-23
    WATERSON, John resigned
    director
  20. 2002-04-18
    🏢
    Company incorporated
    As FLAGSHIP HOTELS LIMITED
  21. 2002-04-18
    WATERSON, Paul Davide Coia appointed
    secretary
  22. 2002-04-18
    WATERSON, Paul Davide Coia appointed
    director
  23. 2002-04-18
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2002-04-18
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  25. 2002-04-18
    WATERSON, John appointed
    director
  26. 2002-04-18
    WATERSON, Josephine appointed
    director

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.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.

Succession & seller-readiness

100/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Jean Armour Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Jean Armour Limited
Corporate parent · holds 75-100% shares
ultimate parent
FLAGSHIP HOTELS LIMITED
This company · SC230503

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
Jean Armour Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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
Incorporated2002-04-18
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

67 Capelrig Road
Newton Means
Glasgow
G77 6UF
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-02
Last: 2026-04-18

Officers (2 active · 3 resigned)

WATERSON, Paul Davide Coia
secretary · appointed 2002-04-18
View their other companies + combined net worth →
Active
WATERSON, Paul Davide Coia
director · ~72y · appointed 2002-04-18
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 2002-04-18 · resigned 2002-04-18
Resigned
WATERSON, John
director · ~101y · appointed 2002-04-18 · resigned 2013-01-23
Resigned
WATERSON, Josephine
director · ~97y · appointed 2002-04-18 · resigned 2023-12-22
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge2 properties26/08/202131/01/2025

Recent filings (57 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-29
mortgage-satisfy-charge-full
mortgage · MR04
2025-01-31
accounts-with-accounts-type-small
accounts · AA
2024-08-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-02
termination-director-company-with-name-termination-date
officers · TM01
2024-04-16
accounts-with-accounts-type-small
accounts · AA
2023-08-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-02
accounts-with-accounts-type-small
accounts · AA
2022-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-01
accounts-with-accounts-type-small
accounts · AA
2021-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18