ALG SOLUTIONS LIMITED

💤Zombieactive

SC223304 · ltd · incorporated 2001-09-18

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 Sept 2024

Net worth

£199.7k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Development of building projects

Sector: Construction

ALSO REGISTERED FOR

62012Business and domestic software development
71122Engineering related scientific and technical consulting activities

Investor take

Pursue

Asset-holding vehicle with a 64-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). 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).

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (2 active, 5 linked, 3 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

56 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £199,748

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£200k

↑ 53% YoY

Current Assets

£158k

↑ 99% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-09-30	2023-09-30
Total assets	£204.8k	£133.8k
Current assets	£158.3k	£79.5k
Net assets	£199.7k	£130.7k

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

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-06-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-06-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-05-24
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-05-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-04
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-10-01
➖
GILCHRIST, John resigned
director
2007-10-01
➖
GILCHRIST, Marion resigned
director
2001-09-18
🏢
Company incorporated
As ALG SOLUTIONS LIMITED
2001-09-18
➕
GILCHRIST, Graham Walker appointed
secretary
2001-09-18
➕
GILCHRIST, Graham Walker appointed
director
2001-09-18
➕
GILCHRIST, John appointed
director
2001-09-18
➕
GILCHRIST, Marion appointed
director
2001-09-18
➕
INCORPORATE DIRECTORS LIMITED appointed
corporate-nominee-director
2001-09-18
➖
INCORPORATE DIRECTORS LIMITED resigned
corporate-nominee-director

Owner dependency

93/100

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 25 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

95/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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 Graham Walker Gilchrist Individual · British · DOB 04/1962 · age 64	75–100%	—	75-100% shares	06/04/2016

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

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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

Incorporated2001-09-18

Jurisdictionscotland

Primary SIC41100 — Development of building projects

Registered office

31 Roman Road

Ayr

KA7 3SZ

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-10-03

Last: 2025-09-19

Officers (2 active · 3 resigned)

GILCHRIST, Graham Walker→

secretary · appointed 2001-09-18

View their other companies + combined net worth →

Active

GILCHRIST, Graham Walker→

director · ~64y · appointed 2001-09-18

View their other companies + combined net worth →

Active

GILCHRIST, John→

director · ~94y · appointed 2001-09-18 · resigned 2007-10-01

Resigned

GILCHRIST, Marion→

director · ~90y · appointed 2001-09-18 · resigned 2007-10-01

Resigned

INCORPORATE DIRECTORS LIMITED→

corporate-nominee-director · appointed 2001-09-18 · resigned 2001-09-18

Resigned

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