A.F. SCOTLAND LIMITED

💤Zombieactive

SC129037 · ltd · incorporated 1990-12-17

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 Aug 2024

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Non-trading company

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: dormant / non-trading with strong profile and bankable structure.

Opportunity 75/100 (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: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 33.2y

30/100

under pressure

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

· Oldest live charge is 33.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

28 officers (2 active, 28 linked, 17 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

10 connected companies via shared directors

Filing history

151 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-08-31	2023-09-02
Average employees	0	0

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (76 events)Click to expand

2026-01-07
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-10-29
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-05-21
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-10-05
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-10-05
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-01
➕
MUNSEY, Elizabeth Jane appointed
secretary
2023-09-01
➖
MARSHALL, David resigned
secretary
2023-06-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-01-17
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-17
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-01-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-12-15
➕
HUGHES, Stephen Glynn appointed
director
2022-12-15
➕
MARSHALL, David appointed
secretary
2022-12-15
➖
RATCLIFFE, Matthew resigned
secretary
2022-12-15
➖
AUSTIN, Neil resigned
director
2022-05-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-10-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-11
➖
PELHAM, Hugh Marcus resigned
director
2021-04-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-01-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-01-12
➖
DAVIES, Timothy John resigned
director
2021-01-12
➕
PELHAM, Hugh Marcus appointed
director
2020-03-19
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-11-25
➕
RATCLIFFE, Matthew appointed
secretary
2016-11-25
➖
WOOD, Katie resigned
secretary
2013-07-31
➖
HOLMES, Christopher Nigel Couper resigned
director
2013-05-01
➕
AUSTIN, Neil appointed
director
2013-05-01
➖
WOOD, Ronald Chalmers resigned
director
2013-03-01
➕
DAVIES, Timothy John appointed
director
2013-01-01
➕
WOOD, Katie appointed
secretary
2013-01-01
➖
WOOD, Ronald Chalmers resigned
secretary
2011-02-01
🔓
Charge satisfied #1
2002-10-01
➕
HOLMES, Christopher Nigel Couper appointed
director
2001-12-31
➖
CLARKE, Steven Henry resigned
director
2000-05-31
➖
DALTON, Roland Malcolm resigned
secretary
2000-05-31
➕
WOOD, Ronald Chalmers appointed
secretary
2000-05-31
➖
THOMPSON, Robert John resigned
director
2000-05-31
➕
WOOD, Ronald Chalmers appointed
director
1998-11-12
➕
THOMPSON, Robert John appointed
director
1998-11-12
➖
WEBBER, Christopher Reginald resigned
director
1998-04-01
➖
BLAKE, Frank George Bennett resigned
director
1998-04-01
➕
CLARKE, Steven Henry appointed
director
1995-10-20
➖
BEATON, Donald William resigned
director
1995-09-30
➕
BLAKE, Frank George Bennett appointed
director
1995-09-30
➖
SAUNDERS, Clive Roland resigned
director
1993-05-28
➕
WEBBER, Christopher Reginald appointed
director

Showing most recent 50 of 76 events

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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Carrs Billington Agriculture Operations Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Carrs Billington Agriculture Operations Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

A.F. SCOTLAND LIMITED

This company · SC129037

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%

Name	Shares	Voting rights	Nature of control	Notified
Carrs Billington Agriculture Operations Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Holding company · DG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALAN YOUNG ENGINEERING HOLDINGS LIMITED→ SC656006 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
ANTARTEX LIMITED→ SC071934 · est 1980 · no financials extracted	—	—	—	—	45y	—	—
AREFOR HOLDINGS LIMITED→ SC758489 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
AUTOMOTIVE BUSINESS CONSULTANCY LIMITED→ SC788211 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BALLIOL PROPERTY SERVICES LIMITED→ SC706240 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BORDER TRAVEL HOLDINGS LIMITED→ SC866335 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BUILDING CRAFTSMEN LIMITED→ SC184995 · est 1998 · no financials extracted	—	—	—	—	27y	—	—
BURNHEAD HOLDINGS LIMITED→ SC697895 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BVR HOLDINGS LTD→ SC541618 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
C & KW HOLDINGS LIMITED→ SC706776 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
C&B RENEWABLES LIMITED→ SC608001 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CALEDONIAN PROTEINS LIMITED→ SC356746 · est 2009 · no financials extracted	—	—	—	—	17y	—	—

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

Incorporated1990-12-17

Jurisdictionscotland

Primary SIC74990 — Non-trading company

Registered office

1 Annan Business Park Way

Windemere Road

Annan

Dumfriesshire

DG12 6TZ

Scotland

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-11-10

Last: 2025-10-27

Officers (2 active · 26 resigned)

MUNSEY, Elizabeth Jane→

secretary · appointed 2023-09-01

View their other companies + combined net worth →

Active

HUGHES, Stephen Glynn→

director · ~57y · appointed 2022-12-15

View their other companies + combined net worth →

Active

BISSELL, David Graham→

secretary · appointed 1991-08-21 · resigned 1992-10-19

Resigned

BURNE, John Kersey→

secretary · appointed 1990-12-17 · resigned 1991-08-21

Resigned

DALTON, Roland Malcolm→

secretary · appointed 1992-10-19 · resigned 2000-05-31

Resigned

KIRTON, Richard Bruce→

secretary · appointed 1990-12-17 · resigned 1990-12-17

Resigned

MARSHALL, David→

secretary · appointed 2022-12-15 · resigned 2023-09-01

Resigned

RATCLIFFE, Matthew→

secretary · appointed 2016-11-25 · resigned 2022-12-15

Resigned

WOOD, Katie→

secretary · appointed 2013-01-01 · resigned 2016-11-25

Resigned

WOOD, Ronald Chalmers→

secretary · appointed 2000-05-31 · resigned 2013-01-01

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1990-12-17 · resigned 1990-12-17

Resigned

AUSTIN, Neil→

director · ~51y · appointed 2013-05-01 · resigned 2022-12-15

Resigned

BATHGATE, Andrew Sanderson→

director · ~84y · appointed 1990-12-17 · resigned 1993-05-27

Resigned

BEATON, Donald William→

director · ~82y · appointed 1990-12-17 · resigned 1995-10-20

Resigned

BLAKE, Frank George Bennett→

director · ~80y · appointed 1995-09-30 · resigned 1998-04-01

Resigned

BROWN, Thomas William→

director · ~96y · appointed 1990-12-17 · resigned 1993-05-27

Resigned

CLARKE, Steven Henry→

director · ~75y · appointed 1998-04-01 · resigned 2001-12-31

Resigned

DAVIES, Timothy John→

director · ~64y · appointed 2013-03-01 · resigned 2021-01-12

Resigned

HEUCHAN, Jhon Rae→

director · ~82y · appointed 1990-12-17 · resigned 1993-05-27

Resigned

HOLMES, Christopher Nigel Couper→

director · ~75y · appointed 2002-10-01 · resigned 2013-07-31

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Barclays Barclays Bank PLC	Floating charge	1 property	29/01/1993	—
	satisfied	National Westminster Bank National Westminster Bank PLC	Floating charge	1 property	29/01/1993	01/02/2011

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (151 total)

change-person-director-company-with-change-date

officers · CH01

2026-01-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-10-29

accounts-with-accounts-type-dormant

accounts · AA

2025-05-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-10-29

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2024-10-29

accounts-with-accounts-type-dormant

accounts · AA

2024-05-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-10-30

appoint-person-secretary-company-with-name-date

officers · AP03

2023-10-05

termination-secretary-company-with-name-termination-date

officers · TM02

2023-10-05

accounts-with-accounts-type-dormant

accounts · AA

2023-06-30

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-01-17

appoint-person-director-company-with-name-date

officers · AP01

2023-01-17

appoint-person-secretary-company-with-name-date

officers · AP03

2023-01-17

termination-director-company-with-name-termination-date

officers · TM01

2023-01-17

termination-secretary-company-with-name-termination-date

officers · TM02

2023-01-17