CLYDE DECOR LTD

💤Zombieactive
SC644396 · ltd · incorporated 2019-10-14
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
not disclosed
Net worth
book net assets
Opportunity
57/100
Worth a look
🔔
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What this business does
Primary activity: Painting
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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 (53/100). Current lenders should be on monthly review.

Data confidence

Overall: medium (57/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
20 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
40
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
46
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

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 (26 events)Click to expand
  1. 2025-05-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2024-04-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2023-06-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-06-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2021-10-19
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2021-09-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2020-10-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2020-10-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-10-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2020-10-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2019-10-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2019-10-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2019-10-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2019-10-22
    SHIRLEY, Ian appointed
    director
  15. 2019-10-14
    🏢
    Company incorporated
    As CLYDE DECOR LTD
  16. 2019-10-14
    COSEC LIMITED appointed
    corporate-secretary
  17. 2019-10-14
    COSEC LIMITED resigned
    corporate-secretary
  18. 2019-10-14
    MCMEEKIN, James Stuart appointed
    director
  19. 2019-10-14
    MCMEEKIN, James Stuart resigned
    director
  20. 2019-10-14
    COSEC LIMITED appointed
    corporate-director
  21. 2019-10-14
    COSEC LIMITED resigned
    corporate-director
  22. 2019-10-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2019-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2019-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2019-10-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  26. 2019-10-14
    📄
    incorporation-company
    incorporation · NEWINC

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

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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.

Red flags

2 high · 1 low
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: 2021-07-14

Confirmation statement overdue
high

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

Evidence: Next due: 2021-11-09

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Ian Shirley
Individual · British · DOB 03/1960 · age 66
sig. influencesignificant influence22/10/2019
1 historic (ceased) PSC
  • Codir Limitedceased 22/10/2019· 75-100% shares · 75-100% voting · board control

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

11 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.

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Company details

Statusactive
Typeltd
Incorporated2019-10-14
Jurisdictionscotland
Primary SIC43341 — Painting

Registered office

C/O Horizon Ca
5 La Belle Place
Glasgow
G3 7LH
Scotland

Filing status

Accounts
Next due: 2021-07-14OVERDUE
Last made up to:
Confirmation statement
Next due: 2021-11-09OVERDUE
Last: 2020-10-26

Officers (1 active · 3 resigned)

SHIRLEY, Ian
director · ~66y · appointed 2019-10-22
View their other companies + combined net worth →
Active
COSEC LIMITED
corporate-secretary · appointed 2019-10-14 · resigned 2019-10-14
Resigned
MCMEEKIN, James Stuart
director · ~59y · appointed 2019-10-14 · resigned 2019-10-14
Resigned
COSEC LIMITED
corporate-director · appointed 2019-10-14 · resigned 2019-10-14
Resigned

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

Recent filings (20 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-04-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-29
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2021-10-19
gazette-notice-compulsory
gazette · GAZ1
2021-09-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-26
change-person-director-company-with-change-date
officers · CH01
2020-10-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-10-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-10-02
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-26
appoint-person-director-company-with-name-date
officers · AP01
2019-10-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-10-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-26