GLENGYLE LIMITED

💤Zombieactive
SC265103 · ltd · incorporated 2004-03-18
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 Mar 2025
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 4.9y

35/100
under pressure

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

  • · Charge age ~4.9 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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 · accounting standard unknown
Metric2025-03-312024-03-31
Average employees800800

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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2021-06-01
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  9. 2021-02-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2021-02-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2021-02-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2020-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-07-31
    VETTRINO, Patricia Margaret resigned
    secretary
  14. 2019-07-31
    VETTRINO, James resigned
    director
  15. 2019-07-31
    VETTRINO, Patricia Margaret resigned
    director
  16. 2019-07-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2019-07-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-07-31
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2019-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-04-08
    ALLAN, Euan Thomas appointed
    director
  21. 2019-04-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2018-08-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2014-02-17
    VETTRINO, Patricia Margaret appointed
    director
  24. 2004-03-26
    VETTRINO, Patricia Margaret appointed
    secretary
  25. 2004-03-26
    MESSRS MCKAY & NORWELL WS resigned
    corporate-secretary
  26. 2004-03-26
    HOOKE, Nicholas Thornton resigned
    director
  27. 2004-03-26
    VETTRINO, James appointed
    director
  28. 2004-03-18
    🏢
    Company incorporated
    As GLENGYLE LIMITED
  29. 2004-03-18
    MESSRS MCKAY & NORWELL WS appointed
    corporate-secretary
  30. 2004-03-18
    HOOKE, Nicholas Thornton appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 Euan Thomas Allan
Individual · Scottish · DOB 07/1994 · age 32
75100%
75–100%board control75-100% shares · 75-100% voting · board control31/07/2019
2 historic (ceased) PSCs
  • Mr James Vettrinoceased 31/07/2019· 25-50% shares · 25-50% voting
  • Mrs Patricia Margaret Vettrinoceased 31/07/2019· 25-50% shares · 25-50% voting

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
Incorporated2004-03-18
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

Bumper To Bumper Garage
Olive Bank Road
Musselburgh
EH21 6RD
Scotland

Filing status

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

Officers (1 active · 5 resigned)

ALLAN, Euan Thomas
director · ~32y · appointed 2019-04-08
View their other companies + combined net worth →
Active
VETTRINO, Patricia Margaret
secretary · appointed 2004-03-26 · resigned 2019-07-31
Resigned
MESSRS MCKAY & NORWELL WS
corporate-secretary · appointed 2004-03-18 · resigned 2004-03-26
Resigned
HOOKE, Nicholas Thornton
director · ~61y · appointed 2004-03-18 · resigned 2004-03-26
Resigned
VETTRINO, James
director · ~69y · appointed 2004-03-26 · resigned 2019-07-31
Resigned
VETTRINO, Patricia Margaret
director · ~64y · appointed 2014-02-17 · resigned 2019-07-31
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge01/06/2021
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-02-01
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-02-01