SMAIL ENGINEERS (GLASGOW) LIMITED

💤Zombieactive
SC148360 · ltd · incorporated 1994-01-12
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 May 2025
Net worth
£422.1k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 28131
Sector: Manufacturing
ALSO REGISTERED FOR
  • 28132SIC 28132
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 85/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 32.0y

45/100
under pressure

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

  • · Oldest live charge is 32.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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, 2 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
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 £422,124
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£412k
↑ 33% YoY
Net Worth
£422k
↑ 16% YoY
Current Assets
£628k
↑ 7.0% YoY
Current Liabilities
—
£0£126k£251k£377k£502k£628kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£429.2k£392.8k
Current assets£628.0k£586.9k
Cash£412.2k£309.4k
Debtors£211.8k£273.7k
Net assets£422.1k£364.6k

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
0
filings
Last 90 days
1
filing
  • • 1 mortgage
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-03-12
    🔓
    Charge satisfied #1
  3. 2025-12-11
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-12-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-09-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2024-09-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-09-01
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-11-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-11-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-11-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-11-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2019-11-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2019-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2019-11-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2019-11-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2019-11-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2019-11-17
    ➖
    FLETCHER, Robert resigned
    secretary
  18. 2019-11-17
    ➖
    FERGUSON, Marshall resigned
    director
  19. 2019-11-17
    ➖
    FLETCHER, Robert resigned
    director
  20. 2019-11-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2019-10-28
    ➕
    SCOTT, Jennifer Elizabeth appointed
    director
  22. 2019-10-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 1994-05-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 1994-01-12
    🏢
    Company incorporated
    As SMAIL ENGINEERS (GLASGOW) LIMITED
  25. 1994-01-12
    ➕
    FLETCHER, Robert appointed
    secretary
  26. 1994-01-12
    ➕
    REID, Brian appointed
    nominee-secretary
  27. 1994-01-12
    ➖
    REID, Brian resigned
    nominee-secretary
  28. 1994-01-12
    ➕
    FERGUSON, Marshall appointed
    director
  29. 1994-01-12
    ➕
    FLETCHER, Robert appointed
    director
  30. 1994-01-12
    ➕
    REID, Brian appointed
    nominee-director
  31. 1994-01-12
    ➖
    REID, Brian resigned
    nominee-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

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Annabella Watt Fletcher
Individual · British · DOB 10/1939 · age 87
75–100%
75–100%75-100% shares · 75-100% voting26/11/2024
3 historic (ceased) PSCs
  • Ms Jennifer Elizabeth Scottceased 26/11/2024· significant influence
  • Mr Robert Fletcherceased 17/11/2019· significant influence
  • Mr Marshall Fergusonceased 17/11/2019· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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——810027y8572y
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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
Incorporated1994-01-12
Jurisdictionscotland
Primary SIC28131 — SIC 28131

Registered office

30 Napier Road
Hillington Industrial Estate
Glasgow
G52 4DR

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22

Officers (1 active · 5 resigned)

SCOTT, Jennifer Elizabeth→
director · ~55y · appointed 2019-10-28
View their other companies + combined net worth →
Active
FLETCHER, Robert→
secretary · appointed 1994-01-12 · resigned 2019-11-17
Resigned
REID, Brian→
nominee-secretary · appointed 1994-01-12 · resigned 1994-01-12
Resigned
FERGUSON, Marshall→
director · ~82y · appointed 1994-01-12 · resigned 2019-11-17
Resigned
FLETCHER, Robert→
director · ~87y · appointed 1994-01-12 · resigned 2019-11-17
Resigned
REID, Brian→
nominee-director · appointed 1994-01-12 · resigned 1994-01-12
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property26/05/199412/03/2026

Recent filings (84 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-09