ALDERSTONE ACCOUNTANCY LIMITED

💤Zombieactive
SC646904 · ltd · incorporated 2019-11-12
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 Dec 2024
Net worth
£209
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 69202Bookkeeping activities
  • 69203Tax consultancy
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -55% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

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, 3 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
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
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
55
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £209
Net assets shrinking
Down £29,106 YoY
Cash draining
Cash down 55% YoY
Cash YoY
-55%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£15k
↓ 55% YoY
Net Worth
£209
↓ 99% YoY
Current Assets
£34k
↓ 78% YoY
Current Liabilities
—
£0£32k£63k£95k£127k£158kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Total assets£1.6k£32.7k
Current assets£34.4k£158.2k
Cash£15.1k£33.7k
Debtors£19.2k£124.5k
Net assets£209£29.3k

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 address
Last 180 days
2
filings
  • • 1 address
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-03-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-02-19
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  5. 2025-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-11-01
    ➖
    FRASER, David Robert resigned
    director
  7. 2024-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-01-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-12-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-12-12
    ➕
    FRASER, David Robert appointed
    director
  11. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-12-22
    📄
    capital-allotment-shares
    capital · SH01
  13. 2022-09-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-07-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-07-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2020-07-01
    ➕
    FEARN, Peter Nicholas appointed
    director
  18. 2020-07-01
    ➖
    FEARN, Andrew Ian resigned
    director
  19. 2020-06-09
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2020-06-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2019-11-20
    ➕
    FEARN, Peter Nicholas appointed
    secretary
  22. 2019-11-20
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  23. 2019-11-20
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  24. 2019-11-12
    🏢
    Company incorporated
    As ALDERSTONE ACCOUNTANCY LIMITED
  25. 2019-11-12
    ➕
    FEARN, Andrew Ian appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Peter Nicholas Fearn
Individual · Scottish · DOB 08/1991 · age 35
25–50%
75–100%board control75-100% shares · 75-100% voting · board control12/11/2019

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

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
Incorporated2019-11-12
Jurisdictionscotland
Primary SIC69201 — Accounting and auditing activities

Registered office

Codebase
37a Castle Terrace
Edinburgh
Midlothian
EH1 2EL
United Kingdom

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19

Officers (2 active · 2 resigned)

FEARN, Peter Nicholas→
secretary · appointed 2019-11-20
View their other companies + combined net worth →
Active
FEARN, Peter Nicholas→
director · ~35y · appointed 2020-07-01
View their other companies + combined net worth →
Active
FEARN, Andrew Ian→
director · ~67y · appointed 2019-11-12 · resigned 2020-07-01
Resigned
FRASER, David Robert→
director · ~50y · appointed 2023-12-12 · resigned 2024-11-01
Resigned

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

Recent filings (26 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-02
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-02-19
termination-director-company-with-name-termination-date
officers · TM01
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-13
appoint-person-director-company-with-name-date
officers · AP01
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
capital-allotment-shares
capital · SH01
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14