SCOTGLASS LIMITED
- · Oldest live charge 24.6y old — refinance window within 12 months
Opportunity 40/100 (watch), bankability 35/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on immediate intervention.
Refinance opportunity
1 live charge · oldest 24.6y
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 24.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 50/100 (high).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-05-31 | 2023-05-31 |
|---|---|---|
| Total assets | £-636 | — |
| Current assets | £123.4k | — |
| Cash | £555 | — |
| Debtors | £95.2k | — |
| Net assets | £-6.7k | — |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
2 signals 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
- • 1 address
- • 1 resolution
Corporate timeline (54 events)Click to expand
- 2025-11-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-11-06📄resolutionresolution · RESOLUTIONS
- 2025-10-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-10-13➖DAVIDSON, George resigneddirector
- 2025-07-30➖LC SECRETARIES LIMITED resignedcorporate-secretary
- 2025-07-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-06-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-13➕YOUNG, Dawn-Marie appointeddirector
- 2023-03-13➕YOUNG, John Paul appointeddirector
- 2023-03-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-05➖DAVIDSON, Dorothy May resigneddirector
- 2023-02-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-01-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-12-15📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2022-12-14➖DAVIDSON, Dorothy May resignedsecretary
- 2022-12-14➕LC SECRETARIES LIMITED appointedcorporate-secretary
- 2022-11-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-11-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-11-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-11➕DAVIDSON, Dorothy May appointedsecretary
- 2022-11-11➖NICOL, James resignedsecretary
- 2022-11-11➕DAVIDSON, George appointeddirector
- 2022-11-11➖NICOL, James resigneddirector
- 2022-02-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-04-25➕NICOL, James appointedsecretary
- 2018-04-25➖SOLICITORS, Peterkins resignedsecretary
- 2018-04-25➕NICOL, James appointeddirector
- 2018-04-09➖JOHNSTON, Fiona Jean Lyndsay resigneddirector
- 2017-11-03➕NICOL, Jim appointedsecretary
- 2017-11-03➖NICOL, Jim resignedsecretary
- 2017-11-03➕SOLICITORS, Peterkins appointedsecretary
- 2017-10-17➖DUNCAN, David William resignedsecretary
- 2017-10-17➕DAVIDSON, Dorothy May appointeddirector
- 2017-10-17➖DUNCAN, David William resigneddirector
- 2017-10-17➕JOHNSTON, Fiona Jean Lyndsay appointeddirector
- 2012-05-25➖DUNCAN, Carol Margaret resignedsecretary
- 2012-05-25➕DUNCAN, David William appointedsecretary
- 2012-05-25➖DUNCAN, Carol Margaret resigneddirector
- 2001-09-20🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2001-05-09🏢Company incorporatedAs SCOTGLASS LIMITED
- 2001-05-09➕DUNCAN, Carol Margaret appointedsecretary
- 2001-05-09➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2001-05-09➖BRIAN REID LTD. resignedcorporate-nominee-secretary
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med · 1 lowStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2026-02-28
Company is actively being wound up. Not a going concern.
Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: LC SECRETARIES LIMITED resigned 2025-07-30; DAVIDSON, George resigned 2025-10-13
Multiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
Scotglass (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Scotglass (Holdings) Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 25/04/2018 |
1 historic (ceased) PSC
- David William Duncanceased 28/06/2017· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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10 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 →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
Registered office
Filing status
Officers (2 active · 15 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 20/09/2001 | — |