GLASGOW FLYING CLUB LIMITED

💤Zombieactive
SC062663 · private-limited-guarant-nsc · incorporated 1977-07-06
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
£16.2k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 45.9y

45/100
under pressure

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

  • · Oldest live charge is 45.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
38 officers (1 active, 38 linked, 17 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
126 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £16,237
High leverage
Liabilities are 100% of total assets
Leverage
100%
Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£16k
Current Assets
£33k
Current Liabilities
—
£0£7k£13k£20k£27k£33kDec 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£69.7k—
Current assets£33.2k—
Net assets£16.2k—

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 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (80 events)Click to expand
  1. 2025-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-04-12
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-04-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2020-02-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2020-02-11
    🔓
    Charge satisfied #1
  11. 2019-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-04-27
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  16. 2015-10-26
    ➖
    ELBORN, Iain resigned
    secretary
  17. 2015-10-26
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2015-09-15
    ➕
    ELBORN, Iain appointed
    secretary
  19. 2015-09-15
    ➖
    ELBORN, Iain resigned
    director
  20. 2015-09-14
    ➕
    MCCLELLAND, Archie appointed
    director
  21. 2015-09-14
    ➖
    ANDERSON, Gardiner Gibson resigned
    director
  22. 2015-09-14
    ➕
    ELBORN, Iain appointed
    director
  23. 2010-04-01
    ➖
    ANDERSON, Gardiner Gibson resigned
    secretary
  24. 2010-04-01
    ➕
    ANDERSON, Gardiner Gibson appointed
    director
  25. 2010-04-01
    ➖
    COWIE, Stephen William resigned
    director
  26. 2005-04-29
    ➕
    COWIE, Stephen William appointed
    director
  27. 2005-04-29
    ➖
    MCCALL, Andrew James resigned
    director
  28. 2003-07-19
    ➖
    GIBSON, Alexander resigned
    director
  29. 2003-05-01
    ➕
    MCCALL, Andrew James appointed
    director
  30. 2002-07-22
    ➖
    ANDERSON, Gardiner Gibson resigned
    director
  31. 2002-05-10
    ➕
    GIBSON, Alexander appointed
    director
  32. 2002-04-10
    ➖
    RODGER, William resigned
    director
  33. 1999-09-30
    ➕
    ANDERSON, Gardiner Gibson appointed
    secretary
  34. 1999-09-30
    ➖
    HOUSTON, Stewart resigned
    secretary
  35. 1999-09-30
    ➕
    ANDERSON, Gardiner Gibson appointed
    director
  36. 1999-09-30
    ➖
    HOUSTON, Stewart resigned
    director
  37. 1999-04-01
    ➕
    HOUSTON, Stewart appointed
    secretary
  38. 1999-04-01
    ➕
    HOUSTON, Stewart appointed
    director
  39. 1999-04-01
    ➕
    RODGER, William appointed
    director
  40. 1999-03-31
    ➖
    NICOLETTI, Mario Allisandro resigned
    secretary
  41. 1999-03-31
    ➖
    COWIE, Stephen William resigned
    director
  42. 1999-03-31
    ➖
    NICOLETTI, Mario Allisandro resigned
    director
  43. 1996-05-16
    ➕
    COWIE, Stephen William appointed
    director
  44. 1996-05-16
    ➖
    NISH, John Kelso resigned
    director
  45. 1995-10-19
    ➖
    DRUMMOND, Gordon Macpherson resigned
    secretary
  46. 1995-10-19
    ➕
    NICOLETTI, Mario Allisandro appointed
    secretary
  47. 1995-10-19
    ➕
    NICOLETTI, Mario Allisandro appointed
    director
  48. 1995-01-12
    ➖
    BARKER, Freda Marion resigned
    secretary
  49. 1995-01-12
    ➕
    DRUMMOND, Gordon Macpherson appointed
    secretary
  50. 1994-09-12
    ➕
    BARKER, Freda Marion appointed
    secretary
Showing most recent 50 of 80 events

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

Succession & seller-readiness

90/100
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 76 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 49 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Archie Mcclelland
Individual · Scottish · DOB 10/1950 · age 76
——board controlsig. influenceboard control · significant influence · firm interest06/04/2016

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

9 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
Typeprivate-limited-guarant-nsc
Incorporated1977-07-06
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Walkinshaw Road
Renfrew
Renfrewshire
PA4 9LP

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-15
Last: 2026-04-01

Officers (1 active · 37 resigned)

MCCLELLAND, Archie→
director · ~76y · appointed 2015-09-14
View their other companies + combined net worth →
Active
ANDERSON, Gardiner Gibson→
secretary · appointed 1999-09-30 · resigned 2010-04-01
Resigned
BARKER, Freda Marion→
secretary · appointed 1994-09-12 · resigned 1995-01-12
Resigned
CLARK, Peter→
secretary · appointed 1989-11-01 · resigned 1989-04-06
Resigned
DONALDSON, Ian→
secretary · resigned 1990-06-05
Resigned
DRUMMOND, Gordon Macpherson→
secretary · appointed 1995-01-12 · resigned 1995-10-19
Resigned
ELBORN, Iain→
secretary · appointed 2015-09-15 · resigned 2015-10-26
Resigned
HOUSTON, Stewart→
secretary · appointed 1999-04-01 · resigned 1999-09-30
Resigned
KERR, Stanley John→
secretary · appointed 1990-06-26 · resigned 1993-12-15
Resigned
NICOLETTI, Mario Allisandro→
secretary · appointed 1995-10-19 · resigned 1999-03-31
Resigned
SMALL, Patrick Robert→
secretary · appointed 1993-12-15 · resigned 1994-08-15
Resigned
ANDERSON, Gardiner Gibson→
director · ~68y · appointed 2010-04-01 · resigned 2015-09-14
Resigned
ANDERSON, Gardiner Gibson→
director · ~68y · appointed 1999-09-30 · resigned 2002-07-22
Resigned
BOYD, Janie→
director · resigned 1990-06-05
Resigned
COWIE, Stephen William→
director · ~69y · appointed 2005-04-29 · resigned 2010-04-01
Resigned
COWIE, Stephen William→
director · ~69y · appointed 1996-05-16 · resigned 1999-03-31
Resigned
CURTIS, Robert→
director · resigned 1990-06-05
Resigned
DONALDSON, Ian→
director · ~83y · resigned 1993-04-29
Resigned
DUFFY, Eric→
director · resigned 1990-06-05
Resigned
ELBORN, Iain→
director · ~57y · appointed 2015-09-14 · resigned 2015-09-15
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
Tennent Caledonian Breweries
Tennent Caledonian Breweries LTD
Bond & floating charge1 property30/05/198011/02/2020

Recent filings (126 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-04-12
gazette-filings-brought-up-to-date
gazette · DISS40
2021-04-08
gazette-notice-compulsory
gazette · GAZ1
2021-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-16