GROUNDCARE TECHNOLOGY LIMITED
💤Zombieactive
SC265416 · ltd · incorporated 2004-03-24
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 Dec 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 46610
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 65-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). 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 (77/100)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
3 officers (2 active, 3 linked, 1 with DOB)
77
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
50 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.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
- 2025-09-05📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-05📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-08-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-08-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-08-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-05-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-05-14📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-22📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-04-17📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-05-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-05-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2016-04-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2015-04-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2004-03-24🏢Company incorporatedAs GROUNDCARE TECHNOLOGY LIMITED
- 2004-03-24➕ARMIT, Aileen appointedsecretary
- 2004-03-24➕ARMIT, Alexander appointeddirector
- 2004-03-24➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-03-24➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
100/100
Critical — business is the founderThe 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 22 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. 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 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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
cleanNo 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 Alexander Armit Individual · British · DOB 06/1961 · age 65 | 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.
🔒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 →Similar companies
Active · Wholesale & distribution · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DWK OFFICE SOLUTIONS LIMITED→ SC258582 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| ELECTRIC BIKES SCOTLAND LIMITED→ SC451414 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| EPMH LIMITED→ SC214323 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| FRUNCHII LTD→ SC840402 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| JAMES CRAMOND LIMITED→ SC248481 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| JEA GLOBAL SERVICES LIMITED→ SC880727 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JOHN D FORREST LIMITED→ SC580484 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| JUST DRINK SCOTLAND LIMITED→ SC408569 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| K L PROJECTS ( SCOTLAND ) LIMITED→ SC777188 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| KADEX LTD→ SC874009 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| KCEL LTD→ SC836968 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LARGO MG LTD→ SC841828 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2004-03-24
Jurisdictionscotland
Primary SIC46610 — SIC 46610
Registered office
14 City Quay
Dundee
DD1 3JA
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-20
Last: 2026-03-06
Officers (2 active · 1 resigned)
Active
ARMIT, Alexander→
Activedirector · ~65y · appointed 2004-03-24
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-03-24 · resigned 2004-03-24
Click a director name to see their full track record across all companies.
Recent filings (50 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-21
change-person-director-company-with-change-date
officers · CH01
2025-09-05
change-person-secretary-company-with-change-date
officers · CH03
2025-09-05
accounts-with-accounts-type-dormant
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-18
accounts-with-accounts-type-dormant
accounts · AA
2024-08-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-12
accounts-with-accounts-type-dormant
accounts · AA
2023-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-17
accounts-with-accounts-type-dormant
accounts · AA
2022-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-16
accounts-with-accounts-type-dormant
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-14
accounts-with-accounts-type-dormant
accounts · AA
2020-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-10