CUBE DIGITAL (SCOTLAND) LTD

🌳Matureactive
SC417116 · ltd · incorporated 2012-02-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£128.3k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: SIC 18129
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle 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. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
39 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £128,273
Net assets shrinking
Down £3,642 YoY
Cash YoY
+4%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£162k
↑ 3.7% YoY
Net Worth
£128k
↓ 2.8% YoY
Current Assets
£337k
↑ 12% YoY
Current Liabilities
£0£67k£135k£202k£270k£337kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Total assets£248.7k£238.4k
Current assets£337.4k£300.2k
Cash£162.5k£156.7k
Debtors£150.0k£118.5k
Net assets£128.3k£131.9k

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-04-21
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2021-04-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2021-04-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-04-19
    📄
    capital-allotment-shares
    capital · SH01
  12. 2020-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-06-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-06-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2019-04-06
    SMILLIE, Carolann appointed
    director
  17. 2018-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2013-01-31
    SMILLIE, James Ian resigned
    director
  19. 2012-03-19
    SMILLIE, Gary James appointed
    director
  20. 2012-02-15
    🏢
    Company incorporated
    As CUBE DIGITAL (SCOTLAND) LTD
  21. 2012-02-15
    SMILLIE, James Ian appointed
    director

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

49/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Carolann Smillie
Individual · British · DOB 02/1978 · age 48
2550%
25-50% shares12/01/2021
Mr Gary James Smillie
Individual · British · DOB 12/1981 · age 45
2550%
25-50% shares30/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2012-02-15
Jurisdictionscotland
Primary SIC18129 — SIC 18129

Registered office

Cubewraps Argyle Crescent
Hillhouse Industrial Estate
Hamilton
ML3 9BQ
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-01
Last: 2026-02-15

Officers (2 active · 1 resigned)

SMILLIE, Carolann
director · ~48y · appointed 2019-04-06
View their other companies + combined net worth →
Active
SMILLIE, Gary James
director · ~45y · appointed 2012-03-19
View their other companies + combined net worth →
Active
SMILLIE, James Ian
director · ~73y · appointed 2012-02-15 · resigned 2013-01-31
Resigned

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

Recent filings (39 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-05
resolution
resolution · RESOLUTIONS
2021-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-04-19