ADVANTAGE ACCOUNTING (SCOTLAND) LIMITED

🌳Matureactive
SC355723 · ltd · incorporated 2009-02-27
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£418.3k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Accounting and auditing activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 69202Bookkeeping activities
  • 69203Tax consultancy
Investor take
Special-situation opportunity
Distressed professional-services with salvageable qualities — special-situations priority.

Opportunity 71/100 (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: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: strategic trade sale (63/100).

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, 3 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
6 officers (3 active, 6 linked, 5 with DOB)
87
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
69 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review 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 £418,311
Cash YoY
+14%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£484k
↑ 14% YoY
Net Worth
£418k
↑ 7.7% YoY
Current Assets
£581k
↑ 14% YoY
Current Liabilities
£0£116k£232k£349k£465k£581kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£425.4k£396.5k
Current assets£581.0k£508.1k
Cash£483.5k£423.2k
Debtors£87.9k£77.3k
Net assets£418.3k£388.3k

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
7
filings
  • 2 capital
  • 2 officers
  • 1 incorporation
Last 180 days
8
filings
  • 2 capital
  • 2 officers
  • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-03-20
    📄
    memorandum-articles
    incorporation · MA
  2. 2026-03-20
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2026-03-20
    📄
    capital-name-of-class-of-shares
    capital · SH08
  4. 2026-03-19
    📄
    capital-allotment-shares
    capital · SH01
  5. 2026-03-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2026-03-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2026-03-01
    MCGOWAN, Claire appointed
    director
  8. 2026-03-01
    MURPHY, Christopher appointed
    director
  9. 2025-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-06-19
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  13. 2023-06-19
    📄
    capital-name-of-class-of-shares
    capital · SH08
  14. 2023-06-19
    ⚠️
    legacy
    insolvency · CAP-SS
  15. 2023-06-19
    📄
    legacy
    capital · SH20
  16. 2023-06-19
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2023-06-19
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  18. 2023-06-13
    📄
    memorandum-articles
    incorporation · MA
  19. 2023-06-13
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2023-06-08
    ⚠️
    legacy
    insolvency · CAP-SS
  21. 2023-06-08
    📄
    legacy
    capital · SH20
  22. 2023-06-08
    📄
    resolution
    resolution · RESOLUTIONS
  23. 2023-06-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  24. 2023-06-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2023-05-31
    GILMOUR, Donald resigned
    director
  26. 2013-03-01
    GILMOUR, Donald appointed
    director
  27. 2012-07-31
    MCKENDRY, Kevin Anthony resigned
    director
  28. 2010-01-31
    MCKENDRY, Kevin Anthony resigned
    secretary
  29. 2009-02-27
    🏢
    Company incorporated
    As ADVANTAGE ACCOUNTING (SCOTLAND) LIMITED
  30. 2009-02-27
    SLATER, Ian William appointed
    director
  31. 2009-02-27
    MCKENDRY, Kevin Anthony appointed
    secretary
  32. 2009-02-27
    MCKENDRY, Kevin Anthony appointed
    director

Owner dependency

60/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

43/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondary12+ year tenure: Director in role 17 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-06-19: legacy; 2023-06-08: legacy

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Ian William Slater
Individual · British · DOB 10/1976 · age 50
75100%
75–100%board control75-100% shares · 75-100% voting · board control30/06/2016
1 historic (ceased) PSC
  • Mr Donald Gilmourceased 31/05/2023· 25-50% shares

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
Incorporated2009-02-27
Jurisdictionscotland
Primary SIC69201 — Accounting and auditing activities

Registered office

Pavilion 2 Finnieston Business Park
Minerva Way
Glasgow
G3 8AU
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-13
Last: 2026-02-27

Officers (3 active · 3 resigned)

MCGOWAN, Claire
director · ~35y · appointed 2026-03-01
View their other companies + combined net worth →
Active
MURPHY, Christopher
director · ~40y · appointed 2026-03-01
View their other companies + combined net worth →
Active
SLATER, Ian William
director · ~50y · appointed 2009-02-27
View their other companies + combined net worth →
Active
MCKENDRY, Kevin Anthony
secretary · appointed 2009-02-27 · resigned 2010-01-31
Resigned
GILMOUR, Donald
director · ~54y · appointed 2013-03-01 · resigned 2023-05-31
Resigned
MCKENDRY, Kevin Anthony
director · ~47y · appointed 2009-02-27 · resigned 2012-07-31
Resigned

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

Recent filings (69 total)

memorandum-articles
incorporation · MA
2026-03-20
resolution
resolution · RESOLUTIONS
2026-03-20
capital-name-of-class-of-shares
capital · SH08
2026-03-20
capital-allotment-shares
capital · SH01
2026-03-19
appoint-person-director-company-with-name-date
officers · AP01
2026-03-16
appoint-person-director-company-with-name-date
officers · AP01
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-17
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2023-06-19
capital-name-of-class-of-shares
capital · SH08
2023-06-19
legacy
insolvency · CAP-SS
2023-06-19