QUIET SCOTSMAN LTD

💤Zombieactive
SC393352 · ltd · incorporated 2011-02-11
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
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Turnover
year to Aug 2022
Net worth
£1
book net assets
Opportunity
57/100
Worth a look
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Special-situation opportunity
Distressed hospitality with salvageable qualities — special-situations priority.

Opportunity 57/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 3.5y

35/100
under pressure

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

  • · Charge age ~3.5 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
8 officers (1 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1

Key financials

2 years extracted from filed iXBRL accounts
Cash
£83k
Net Worth
£1
Current Assets
£242k
Current Liabilities
£0£48k£97k£145k£194k£242kAug 2021Aug 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2022-08-312021-08-31
Total assets£36.7k
Current assets£242.0k
Cash£83.0k
Debtors£126.7k
Net assets£1

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
0
filings
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2024-05-15
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  2. 2024-04-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  3. 2024-01-09
    PENMAN, Kevin Mark appointed
    director
  4. 2024-01-09
    MCNALLY, Daniel Martin resigned
    director
  5. 2024-01-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-01-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-01-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-01-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-01-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2023-05-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2023-05-22
    MCNALLY, Finbarr Patrick resigned
    director
  13. 2022-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2022-10-10
    🔒
    Charge registered #1
    Lender: Tennent Caledonian Breweries Wholesale Limited
  15. 2022-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-08-13
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2021-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-02-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  19. 2019-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2017-05-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  23. 2017-02-01
    MCAREAVEY, John Owen resigned
    director
  24. 2017-02-01
    MCDONALD, Ian James resigned
    director
  25. 2016-08-23
    MCNALLY, Daniel Martin appointed
    director
  26. 2016-08-23
    MCNALLY, Finbarr Patrick appointed
    director
  27. 2016-03-01
    MCDONALD, Ian James appointed
    director
  28. 2016-01-31
    ROUTLEDGE, Gavin resigned
    secretary
  29. 2016-01-31
    PETERSON, Gordon Laurence resigned
    director
  30. 2016-01-31
    ROUTLEDGE, Gavin Malcolm resigned
    director
  31. 2011-08-20
    MCAREAVEY, John Owen appointed
    director
  32. 2011-02-11
    🏢
    Company incorporated
    As QUIET SCOTSMAN LTD
  33. 2011-02-11
    ROUTLEDGE, Gavin appointed
    secretary
  34. 2011-02-11
    PETERSON, Gordon Laurence appointed
    director
  35. 2011-02-11
    ROUTLEDGE, Gavin Malcolm 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

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-05-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-02-25

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kevin Mark Penman
Individual · British · DOB 11/1971 · age 55
sig. influencesignificant influence09/01/2024
1 historic (ceased) PSC
  • Mr Daniel Martin Mcnallyceased 09/01/2024· 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

10 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
Incorporated2011-02-11
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

146 Cowgate
Edinburgh
EH1 1RP
Scotland

Filing status

Accounts
Next due: 2024-05-31OVERDUE
Last made up to: 2022-08-31
Confirmation statement
Next due: 2024-02-25OVERDUE
Last: 2023-02-11

Officers (1 active · 7 resigned)

PENMAN, Kevin Mark
director · ~55y · appointed 2024-01-09
View their other companies + combined net worth →
Active
ROUTLEDGE, Gavin
secretary · appointed 2011-02-11 · resigned 2016-01-31
Resigned
MCAREAVEY, John Owen
director · ~67y · appointed 2011-08-20 · resigned 2017-02-01
Resigned
MCDONALD, Ian James
director · ~71y · appointed 2016-03-01 · resigned 2017-02-01
Resigned
MCNALLY, Daniel Martin
director · ~50y · appointed 2016-08-23 · resigned 2024-01-09
Resigned
MCNALLY, Finbarr Patrick
director · ~41y · appointed 2016-08-23 · resigned 2023-05-22
Resigned
PETERSON, Gordon Laurence
director · ~56y · appointed 2011-02-11 · resigned 2016-01-31
Resigned
ROUTLEDGE, Gavin Malcolm
director · ~57y · appointed 2011-02-11 · resigned 2016-01-31
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
Tennent Caledonian Breweries Wholesale
Tennent Caledonian Breweries Wholesale Limited
A registered charge10/10/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (54 total)

dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-05-15
gazette-notice-compulsory
gazette · GAZ1
2024-04-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-09
appoint-person-director-company-with-name-date
officers · AP01
2024-01-09
termination-director-company-with-name-termination-date
officers · TM01
2024-01-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-01-09
termination-director-company-with-name-termination-date
officers · TM01
2023-05-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-18
resolution
resolution · RESOLUTIONS
2021-08-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-28