HILLTREK LIMITED

💤Zombieactive

SC201091 · ltd · incorporated 1999-10-27

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 Oct 2024

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Manufacture of other men's outerwear

Sector: Manufacturing

ALSO REGISTERED FOR

14132SIC 14132
47640SIC 47640
47710Retail sale of clothing in specialised stores

Investor take

Pursue

Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 73). 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 (73/100).

🏦

Refinance opportunity

2 live charges · oldest 22.7y

45/100

under pressure

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

· Oldest live charge is 22.7 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, 4 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

5 officers (2 active, 5 linked, 1 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

81 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

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 · accounting standard unknown

Metric	2024-10-31	2023-10-31
Average employees	600	600

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

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-07-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-07-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-04-27
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-19
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2019-11-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-11-02
📄
change-person-director-company-with-change-date
officers · CH01
2018-11-02
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2018-07-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-11-03
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2017-11-02
📍
move-registers-to-sail-company-with-new-address
address · AD03
2017-07-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-06-04
🔓
Charge satisfied #2
2011-06-04
🔓
Charge satisfied #1
2003-08-22
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2003-07-28
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2001-08-21
➖
SHAND, Sabine resigned
secretary
2000-11-06
➕
SHAND, William Alexander Cryle appointed
secretary
1999-10-27
🏢
Company incorporated
As HILLTREK LIMITED
1999-10-27
➕
SHAND, David Alexander appointed
director
1999-10-27
➕
SHAND, Sabine appointed
secretary
1999-10-27
➕
ON LINE REGISTRARS LIMITED appointed
corporate-nominee-secretary
1999-10-27
➖
ON LINE REGISTRARS LIMITED resigned
corporate-nominee-secretary
1999-10-27
➕
ON LINE FORMATIONS LIMITED appointed
corporate-nominee-director
1999-10-27
➖
ON LINE FORMATIONS LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

100/100

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 73 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 26 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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Alexander Shand Individual · British · DOB 04/1953 · age 73	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 · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
D A RIDDOCH ENGINEERING LIMITED→ SC170505 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
D M MECHANICAL SERVICES LTD→ SC624964 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
D-SIDE HVAC LTD→ SC676710 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
DALGARNO GENERAL SERVICES (DGS) LTD→ SC618518 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
DCN DIVING UK LIMITED→ SC461316 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
DELMAR ELECTRICAL LTD→ SC835808 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
DELTER LTD→ SC688819 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
DERMO VENTURES LIMITED→ SC577600 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
DJG SERVICES LTD→ SC868658 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DNOW UK LIMITED→ SC436654 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
DOCKWOOD LTD.→ SC722764 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
DOOKANDUBH LIMITED→ SC322298 · est 2007 · no financials extracted	—	—	—	—	18y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated1999-10-27

Jurisdictionscotland

Primary SIC14131 — Manufacture of other men's outerwear

Registered office

Deeside Activity Park

Dess

Aboyne

AB34 5BD

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-11-10

Last: 2025-10-27

Officers (2 active · 3 resigned)

SHAND, William Alexander Cryle→

secretary · appointed 2000-11-06

View their other companies + combined net worth →

Active

SHAND, David Alexander→

director · ~73y · appointed 1999-10-27

View their other companies + combined net worth →

Active

SHAND, Sabine→

secretary · appointed 1999-10-27 · resigned 2001-08-21

Resigned

ON LINE REGISTRARS LIMITED→

corporate-nominee-secretary · appointed 1999-10-27 · resigned 1999-10-27

Resigned

ON LINE FORMATIONS LIMITED→

corporate-nominee-director · appointed 1999-10-27 · resigned 1999-10-27

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
	satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	22/08/2003	04/06/2011
	satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	28/07/2003	04/06/2011