EILEAN GLAS MARINE LIMITED

💤Zombieactive
SC648927 · ltd · incorporated 2019-12-05
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
Upgrade to see
Turnover
year to Dec 2024
Net worth
£-6.7k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 50100
Sector: Transportation & storage
ALSO REGISTERED FOR
  • 85590Other education n.e.c.
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 67). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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
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
2 connected companies via shared directors
51
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £6,688
Net assets shrinking
Down £21,691 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£7k
↓ 145% YoY
Current Assets
£484
↓ 84% YoY
Current Liabilities
-£7k-£2k£2k£6k£11k£15kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£10.5k£33.9k
Current assets£484£3.1k
Net assets£-6.7k£15.0k

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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-12-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2020-12-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2020-12-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2019-12-05
    🏢
    Company incorporated
    As EILEAN GLAS MARINE LIMITED
  10. 2019-12-05
    MACLEOD, Kenneth Morrison appointed
    director
  11. 2019-12-05
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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 67 — succession pressure is live.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 67. 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Morrison Macleod
Individual · British · DOB 08/1959 · age 67
75100%
75–100%board control75-100% shares · 75-100% voting · board control05/12/2019

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
Incorporated2019-12-05
Jurisdictionscotland
Primary SIC50100 — SIC 50100

Registered office

31 Outend
Isle Of Scalpay
Western Isles
HS4 3YG

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-18
Last: 2025-12-04

Officers (1 active · 0 resigned)

MACLEOD, Kenneth Morrison
director · ~67y · appointed 2019-12-05
View their other companies + combined net worth →
Active

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

Recent filings (15 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-12-12
change-person-director-company-with-change-date
officers · CH01
2020-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-12
incorporation-company
incorporation · NEWINC
2019-12-05