SMART SYSTEMS SCOTLAND LIMITED

💤Zombieactive
SC246662 · ltd · incorporated 2003-03-27
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 Aug 2024
Net worth
£878.3k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: 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 (78/100)

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
Confirmed no charges registered
85
Directors & officers
13 officers (1 active, 13 linked, 8 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £878,285
Cash YoY
+17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£246k
↑ 17% YoY
Net Worth
£878k
↑ 27% YoY
Current Assets
£1.8m
↑ 76% YoY
Current Liabilities
—
£0£363k£726k£1.1m£1.5m£1.8mAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£890.5k£714.7k
Current assets£1.82M£1.03M
Cash£245.6k£210.2k
Debtors£1.22M£691.0k
Net assets£878.3k£692.2k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-02-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-04-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-07-09
    📄
    second-filing-of-director-termination-with-name
    officers · RP04TM01
  7. 2020-03-03
    📄
    capital-cancellation-shares
    capital · SH06
  8. 2020-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-01-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-01-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-01-15
    📄
    capital-return-purchase-own-shares
    capital · SH03
  12. 2019-11-15
    ➖
    MITCHELL, William resigned
    director
  13. 2019-05-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-01-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2018-01-05
    ➖
    FILLINGHAM, Jon Mark resigned
    director
  17. 2017-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2011-03-22
    ➕
    FILLINGHAM, Jon Mark appointed
    director
  19. 2010-11-04
    ➕
    WALLACE, Scott Samuel appointed
    director
  20. 2010-06-01
    ➖
    BRANNIGAN, John resigned
    director
  21. 2010-06-01
    ➕
    MITCHELL, William appointed
    director
  22. 2008-06-12
    ➖
    STORRAR, Susan resigned
    secretary
  23. 2008-06-12
    ➕
    BRANNIGAN, John appointed
    director
  24. 2008-06-12
    ➖
    STORRAR, Ian Gerard resigned
    director
  25. 2006-04-12
    ➖
    BROWN, Christopher Andrew resigned
    secretary
  26. 2006-04-12
    ➕
    STORRAR, Susan appointed
    secretary
  27. 2006-04-12
    ➖
    BROWN, Christopher Andrew resigned
    director
  28. 2004-05-20
    ➕
    BROWN, Christopher Andrew appointed
    secretary
  29. 2004-05-20
    ➕
    BROWN, Christopher Andrew appointed
    director
  30. 2003-09-30
    ➖
    MITCHELL, William resigned
    secretary
  31. 2003-09-30
    ➖
    MITCHELL, William resigned
    director
  32. 2003-09-30
    ➖
    STRONG, Ian Mark resigned
    director
  33. 2003-09-22
    ➕
    STORRAR, Ian Gerard appointed
    director
  34. 2003-03-27
    🏢
    Company incorporated
    As SMART SYSTEMS SCOTLAND LIMITED
  35. 2003-03-27
    ➕
    MITCHELL, William appointed
    secretary
  36. 2003-03-27
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  37. 2003-03-27
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  38. 2003-03-27
    ➕
    MITCHELL, William appointed
    director
  39. 2003-03-27
    ➕
    STRONG, Ian Mark appointed
    director
  40. 2003-03-27
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  41. 2003-03-27
    ➖
    STEPHEN MABBOTT LTD. 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 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 23 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
NameSharesVoting rightsNature of controlNotified
Mr Scott Samuel Wallace
Individual · British · DOB 09/1964 · age 62
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mr William Mitchellceased 15/11/2019· 25-50% shares · 25-50% voting · board control

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
Incorporated2003-03-27
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (1 active · 12 resigned)

WALLACE, Scott Samuel→
director · ~62y · appointed 2010-11-04
View their other companies + combined net worth →
Active
BROWN, Christopher Andrew→
secretary · appointed 2004-05-20 · resigned 2006-04-12
Resigned
MITCHELL, William→
secretary · appointed 2003-03-27 · resigned 2003-09-30
Resigned
STORRAR, Susan→
secretary · appointed 2006-04-12 · resigned 2008-06-12
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-03-27 · resigned 2003-03-27
Resigned
BRANNIGAN, John→
director · ~70y · appointed 2008-06-12 · resigned 2010-06-01
Resigned
BROWN, Christopher Andrew→
director · ~71y · appointed 2004-05-20 · resigned 2006-04-12
Resigned
FILLINGHAM, Jon Mark→
director · ~62y · appointed 2011-03-22 · resigned 2018-01-05
Resigned
MITCHELL, William→
director · ~72y · appointed 2010-06-01 · resigned 2019-11-15
Resigned
MITCHELL, William→
director · ~72y · appointed 2003-03-27 · resigned 2003-09-30
Resigned
STORRAR, Ian Gerard→
director · ~67y · appointed 2003-09-22 · resigned 2008-06-12
Resigned
STRONG, Ian Mark→
director · ~61y · appointed 2003-03-27 · resigned 2003-09-30
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-03-27 · resigned 2003-03-27
Resigned

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

Recent filings (72 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-03
second-filing-of-director-termination-with-name
officers · RP04TM01
2020-07-09
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-27
capital-cancellation-shares
capital · SH06
2020-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-25