FIRST SMART D2 LIMITED

🏛️Establishedactive
SC611159 · ltd · incorporated 2018-10-18
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
£-29.7k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: high (81/100)

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
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
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
Negative net assets
Liabilities exceed assets by £29,688
Cash YoY
+116%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£731
↑ 116% YoY
Net Worth
-£30k
↓ 31% YoY
Current Assets
£736
↓ 66% YoY
Current Liabilities
—
-£30k-£23k-£17k-£11k-£4k£2kDec 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£-29.7k£-22.7k
Current assets£736£2.2k
Cash£731£339
Debtors£5£1.8k
Net assets£-29.7k£-22.7k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-09-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-09-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2024-12-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-09-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2023-12-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2023-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  8. 2022-12-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2022-10-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  10. 2021-12-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2021-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  12. 2021-07-09
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  13. 2020-12-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-10-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2020-07-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-04-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2020-03-31
    ➖
    BEDDOE, Nathan resigned
    director
  18. 2019-03-06
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  19. 2019-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2019-03-01
    ➕
    BEDDOE, Nathan appointed
    director
  21. 2018-10-18
    🏢
    Company incorporated
    As FIRST SMART D2 LIMITED
  22. 2018-10-18
    ➕
    CHENSONG, Zheng appointed
    director
  23. 2018-10-18
    ➕
    ZHIWU, Wang appointed
    director

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Shenzhen Leasing (Hong Kong) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Shenzhen Leasing (Hong Kong) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
FIRST SMART D2 LIMITED
This company · SC611159

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
Shenzhen Leasing (Hong Kong) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control18/10/2018

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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OMNI TAVERNS LTD.→
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——860019y8760y
ADJUSTLIGHT LIMITED→
SC139599 · est 1992 · no financials extracted
————33y8358y
ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→
SC272735 · est 2004 · no financials extracted
————21y8379y
COURT HOTEL SUITES LIMITED→
SC373209 · est 2010
——£553.1k—16y8364y
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SC357298 · est 2009
——£254.5k—17y8358y
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———039y8376y
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SC192271 · est 1998 · no financials extracted
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2018-10-18
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

First Smart D2 Limited, C/O Azets
Quay 2
139 Fountainbridge
Edinburgh
EH3 9QG
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (2 active · 1 resigned)

CHENSONG, Zheng→
director · ~47y · appointed 2018-10-18
View their other companies + combined net worth →
Active
ZHIWU, Wang→
director · ~53y · appointed 2018-10-18
View their other companies + combined net worth →
Active
BEDDOE, Nathan→
director · ~56y · appointed 2019-03-01 · resigned 2020-03-31
Resigned

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

Recent filings (26 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-30
change-person-director-company-with-change-date
officers · CH01
2025-09-30
accounts-with-accounts-type-small
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-16
accounts-with-accounts-type-small
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-09-29
accounts-with-accounts-type-small
accounts · AA
2022-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2022-10-10
accounts-with-accounts-type-small
accounts · AA
2021-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-29