FIRST HORIZON SCOTLAND LTD
💤Zombieactive
SC678979 · ltd · incorporated 2020-10-27
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 Jun 2025
Net worth
£21.3k
book net assets
Opportunity
72/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 72/100 (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: 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 (58/100).
Data confidence
Overall: medium (79/100)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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £21,324
Cash YoY
+27%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£66k
↑ 27% YoY
Net Worth
£21k
↑ 277% YoY
Current Assets
£325k
↓ 3.2% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Total assets | £257.7k | £286.8k |
| Current assets | £324.9k | £335.6k |
| Cash | £65.6k | £51.6k |
| Debtors | £29.4k | £49.3k |
| Net assets | £21.3k | £-12.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
1
filing
- • 1 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-09-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-09-27📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-26➖DAI, Wei resigneddirector
- 2022-09-20📄gazette-notice-compulsorygazette · GAZ1
- 2021-07-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-06📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2021-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-10➕DAI, Wei appointeddirector
- 2020-11-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-11-02📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-11-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-11-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-11-02📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2020-10-27🏢Company incorporatedAs FIRST HORIZON SCOTLAND LTD
- 2020-10-27➕CHEN, Jing Jing appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial 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 signalSome 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
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Jing Jing Chen Individual · British · DOB 06/1981 · age 45 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 27/10/2020 |
1 historic (ceased) PSC
- Mrs Wei Daiceased 26/09/2022· 25-50% shares · 25-50% voting · board control
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 →Similar companies
Active · Wholesale & distribution · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ADAMPACKAGING LTD→ SC842492 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| AGRI-BIO LIMITED→ SC117399 · est 1989 · no financials extracted | — | — | — | — | 36y | — | — |
| BARE BRAE LTD→ SC688588 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| BKA GROUP (SCOTLAND) LTD→ SC840043 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BOOZ LTD→ SC844110 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BURNS MCGLADE LTD→ SC800070 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CAMINO COLLECTION LTD→ SC872372 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CHOICE SPIRITS LTD→ SC635622 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| DNHUSTLE LIMITED→ SC764742 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| ECOBEAN ARTISAN COFFEE LIMITED→ SC880530 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| EWP CONNECTORS LIMITED→ SC881420 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FIRTH GIN LTD→ SC671799 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated2020-10-27
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 9 Hayfield Place
Hayfield Industrial Estate
Kirkcaldy
Fife
KY2 5DH
Scotland
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-15
Last: 2025-07-01
Officers (1 active · 1 resigned)
CHEN, Jing Jing→
Activedirector · ~45y · appointed 2020-10-27
View their other companies + combined net worth →
DAI, Wei→
Resigneddirector · ~45y · appointed 2020-11-10 · resigned 2022-09-26
Click a director name to see their full track record across all companies.
Recent filings (26 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-10-07
termination-director-company-with-name-termination-date
officers · TM01
2022-10-07
gazette-filings-brought-up-to-date
gazette · DISS40
2022-09-28
change-person-director-company-with-change-date
officers · CH01
2022-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-09-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-27