ACCESS XL LIMITED

💤Zombieactive
SC434643 · ltd · incorporated 2012-10-12
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
£-1.86M
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: SIC 28220
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 10.9y

15/100
under pressure

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

  • · Oldest live charge is 10.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £1,857,683
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 98% YoY
Net Worth
-£1.9m
↓ 45% YoY
Current Assets
£918k
~ YoY
Current Liabilities
-£1.9m-£1.3m-£747k-£192k£363k£918kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£-1.67M£-1.01M
Current assets£918.1k£912.0k
Cash£1.0k£51.1k
Debtors£572.0k£515.8k
Net assets£-1.86M£-1.28M

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
0
filings
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-03-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2022-03-29
    🔒
    Charge registered #4
    Lender: Igf Business Credit Limited (Company Number 10078965)
  7. 2022-03-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  8. 2022-03-11
    🔒
    Charge registered #3
    Lender: Igf Business Credit Limited
  9. 2022-02-03
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2022-02-03
    🔓
    Charge satisfied #2
  11. 2021-07-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-01-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2017-01-21
    🔓
    Charge satisfied #1
  18. 2016-12-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2016-12-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  20. 2016-05-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2015-05-27
    🔒
    Charge registered #1
    Lender: Bibby Factors Scotland Limited
  22. 2012-10-12
    🏢
    Company incorporated
    As ACCESS XL LIMITED
  23. 2012-10-12
    LAIRD, Colin appointed
    director
  24. 2012-10-12
    COWIE, Simon Henry Dyer appointed
    director
  25. 2012-10-12
    COWIE, Simon Henry Dyer resigned
    director

Owner dependency

90/100
Critical — business is the founder

The 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.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Colin Laird
Individual · British · DOB 11/1960 · age 66
75100%
75-100% shares06/04/2016

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 →

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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
Incorporated2012-10-12
Jurisdictionscotland
Primary SIC28220 — SIC 28220

Registered office

Xl House Blackburn Business Park, Woodburn Road
Blackburn
Aberdeen
AB21 0PS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-26
Last: 2025-10-12

Officers (1 active · 1 resigned)

LAIRD, Colin
director · ~66y · appointed 2012-10-12
View their other companies + combined net worth →
Active
COWIE, Simon Henry Dyer
director · ~53y · appointed 2012-10-12 · resigned 2012-10-12
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Igf Business Credit (Company Number 10078965)
Igf Business Credit Limited (Company Number 10078965)
A registered charge4 properties29/03/2022
outstanding
Igf Business Credit
Igf Business Credit Limited
A registered charge1 property11/03/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge16/12/201603/02/2022
satisfied
Bibby Financial Services
Bibby Factors Scotland Limited
A registered charge27/05/201521/01/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-03-21
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-22