AFG SCOTLAND LIMITED

💤Zombieactive
SC323857 · ltd · incorporated 2007-05-17
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
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Floor and wall covering
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. 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).

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
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
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£149k£297k£446k£594k£743kAug 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£371.3k
Current assets£742.6k
Cash£80.2k
Debtors£662.4k
Net assets£331.2k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-29
    📄
    capital-allotment-shares
    capital · SH01
  3. 2024-11-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-11-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-10-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2024-08-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  9. 2022-09-20
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  10. 2022-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-04-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-11-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2017-04-26
    WATSON, Ross Paul appointed
    director
  18. 2017-04-26
    ROSSITER, Nicola resigned
    director
  19. 2007-05-17
    🏢
    Company incorporated
    As AFG SCOTLAND LIMITED
  20. 2007-05-17
    WATSON, Ross Paul appointed
    secretary
  21. 2007-05-17
    ROSSITER, Nicola 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 19 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 Ross Paul Watson
Individual · British · DOB 05/1975 · age 51
75100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Nicola Rossiterceased 26/04/2017· significant influence

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
Incorporated2007-05-17
Jurisdictionscotland
Primary SIC43330 — Floor and wall covering

Registered office

4/1, 91 Mitchell Street
Glasgow
G1 3LN
United Kingdom

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-11-11
Last: 2025-10-28

Officers (2 active · 1 resigned)

WATSON, Ross Paul
secretary · appointed 2007-05-17
View their other companies + combined net worth →
Active
WATSON, Ross Paul
director · ~51y · appointed 2017-04-26
View their other companies + combined net worth →
Active
ROSSITER, Nicola
director · ~51y · appointed 2007-05-17 · resigned 2017-04-26
Resigned

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

Recent filings (48 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
capital-allotment-shares
capital · SH01
2025-04-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-11
gazette-filings-brought-up-to-date
gazette · DISS40
2024-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-30
gazette-notice-compulsory
gazette · GAZ1
2024-10-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-11
change-person-secretary-company-with-change-date
officers · CH03
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
second-filing-of-director-appointment-with-name
officers · RP04AP01
2022-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01