FRIAR INGS STUD LTD

🌳Matureactive
SC470409 · ltd · incorporated 2014-02-19
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -50% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
Cash draining
Cash down 50% YoY
Cash YoY
-50%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£44k
↓ 50% YoY
Net Worth
Current Assets
£170k
↓ 23% YoY
Current Liabilities
-£157k-£81k-£6k£69k£145k£220kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-156.6k
Current assets£170.2k£219.9k
Cash£43.6k£88.0k
Debtors£3.2k£8.6k
Net assets£-156.6k

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

🔒Filing-note intelligence

2 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
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-12-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-02-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  6. 2021-12-23
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-11-30
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-10-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-02-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-10-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2014-02-19
    🏢
    Company incorporated
    As FRIAR INGS STUD LTD
  17. 2014-02-19
    JOHNSTON, Deirdre Munro appointed
    director
  18. 2014-02-19
    JOHNSTON, Mark Steven appointed
    director

Owner dependency

86/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.
  • 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

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

🏛️
Johnston Racing Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
FRIAR INGS STUD LTD
This company · SC470409

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
Johnston Racing Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-02-19
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (2 active · 0 resigned)

JOHNSTON, Deirdre Munro
director · ~64y · appointed 2014-02-19
View their other companies + combined net worth →
Active
JOHNSTON, Mark Steven
director · ~67y · appointed 2014-02-19
View their other companies + combined net worth →
Active

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

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-04
accounts-with-accounts-type-small
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
accounts-with-accounts-type-small
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-06
accounts-with-accounts-type-small
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-small
accounts · AA
2022-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-02-25
accounts-with-accounts-type-small
accounts · AA
2021-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-27