A.N. SCOTTISH COMMERCIALS LIMITED

💤Zombieactive
SC593517 · ltd · incorporated 2018-04-05
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 Sept 2024
Net worth
£20.2k
book net assets
Opportunity
64/100
Worth a look
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Special-situation opportunity
Distressed automotive with salvageable qualities — special-situations priority.

Opportunity 64/100 (worth a look), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 1.6y

10/100
under pressure

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

  • · Newest facility, 1.6 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £20,239
Net assets shrinking
Down £63,641 YoY
Cash YoY
+1032%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 1032% YoY
Net Worth
£20k
↓ 76% YoY
Current Assets
£466k
↓ 15% YoY
Current Liabilities
£0£109k£218k£327k£436k£545kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£20.2k£89.9k
Current assets£466.1k£545.3k
Cash£3.4k£298
Debtors£12.7k£45.0k
Net assets£20.2k£83.9k

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 (15 events)Click to expand
  1. 2025-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2024-09-20
    🔒
    Charge registered #1
    Lender: Together Commercial Finance Limited
  4. 2024-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-06-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2019-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-12-17
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  12. 2018-04-23
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2018-04-05
    🏢
    Company incorporated
    As A.N. SCOTTISH COMMERCIALS LIMITED
  14. 2018-04-05
    NISBET, Andrew appointed
    director
  15. 2018-04-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.

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

1 high ·
Confirmation statement overdue
high

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

Evidence: Next due: 2026-03-17

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Nisbet
Individual · British · DOB 08/1985 · age 41
75100%
75-100% shares05/04/2018

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

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
Incorporated2018-04-05
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

2nd Floor, 22-24 Blythswood Square
Glasgow
G2 4BG
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-03-17OVERDUE
Last: 2025-03-03

Officers (1 active · 0 resigned)

NISBET, Andrew
director · ~41y · appointed 2018-04-05
View their other companies + combined net worth →
Active

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
Together Money
Together Commercial Finance Limited
A registered charge20/09/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (19 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-01-10
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-20