SEL-TEK LIMITED

💤Zombieactive
SC224027 · ltd · incorporated 2001-10-09
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 Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.6y

30/100
under pressure

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

  • · Oldest live charge is 21.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees200100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2016-12-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2015-12-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-10-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-11-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2013-12-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-03-31
    ➖
    LOWE, John resigned
    director
  17. 2011-05-01
    ➕
    GRAY, Robert Charles appointed
    director
  18. 2011-05-01
    ➖
    LOWE, Lynn resigned
    secretary
  19. 2011-05-01
    ➖
    GRAY, Elaine Rose resigned
    director
  20. 2009-01-20
    ➕
    GRAY, Elaine Rose appointed
    director
  21. 2009-01-20
    ➖
    GRAY, Robert Charles resigned
    director
  22. 2007-02-08
    ➖
    GRAY, Elaine Rose resigned
    director
  23. 2007-02-08
    ➕
    GRAY, Robert Charles appointed
    director
  24. 2006-12-01
    ➖
    GRAY, Robert Charles resigned
    director
  25. 2006-02-01
    ➕
    GRAY, Elaine Rose appointed
    director
  26. 2005-12-02
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland Commercial Services Limited
  27. 2004-10-14
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  28. 2004-05-20
    ➖
    GRAY, Elaine Rose resigned
    director
  29. 2004-05-20
    ➕
    GRAY, Robert Charles appointed
    director
  30. 2001-10-18
    ➕
    GRAY, Elaine Rose appointed
    director
  31. 2001-10-09
    🏢
    Company incorporated
    As SEL-TEK LIMITED
  32. 2001-10-09
    ➕
    LOWE, Lynn appointed
    secretary
  33. 2001-10-09
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 2001-10-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  35. 2001-10-09
    ➕
    LOWE, John appointed
    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 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • 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%
NameSharesVoting rightsNature of controlNotified
Mr Robert Charles Gray
Individual · British · DOB 02/1964 · age 62
75–100%
—75-100% shares01/10/2016

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 →

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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
Incorporated2001-10-09
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

179a Dalrymple Street
Greenock
PA15 1BX

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-23
Last: 2025-10-09

Officers (1 active · 8 resigned)

GRAY, Robert Charles→
director · ~62y · appointed 2011-05-01
View their other companies + combined net worth →
Active
LOWE, Lynn→
secretary · appointed 2001-10-09 · resigned 2011-05-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-10-09 · resigned 2001-10-09
Resigned
GRAY, Elaine Rose→
director · ~65y · appointed 2009-01-20 · resigned 2011-05-01
Resigned
GRAY, Elaine Rose→
director · ~65y · appointed 2006-02-01 · resigned 2007-02-08
Resigned
GRAY, Elaine Rose→
director · ~65y · appointed 2001-10-18 · resigned 2004-05-20
Resigned
GRAY, Robert Charles→
director · ~62y · appointed 2007-02-08 · resigned 2009-01-20
Resigned
GRAY, Robert Charles→
director · ~62y · appointed 2004-05-20 · resigned 2006-12-01
Resigned
LOWE, John→
director · ~56y · appointed 2001-10-09 · resigned 2013-03-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property02/12/2005—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property14/10/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (75 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-11-02