GLENCOE MOUNTAIN GUIDES LTD

💤Zombieactive
SC665285 · ltd · incorporated 2020-06-25
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 Dec 2024
Net worth
£3.9k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Sports and recreation education
Sector: Education
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (76/100)

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
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
13 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 · accounting standard not declared
Positive net assets
Net assets £3,925
Net assets shrinking
Down £852 YoY
Cash YoY
-33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 33% YoY
Net Worth
£4k
↓ 18% YoY
Current Assets
£36k
↑ 302% YoY
Current Liabilities
£0£7k£15k£22k£29k£36kDec 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£5.8k£7.2k
Current assets£36.4k£9.0k
Cash£2.9k£4.4k
Debtors£33.4k£4.7k
Net assets£3.9k£4.8k

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 (11 events)Click to expand
  1. 2025-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-12
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  5. 2022-06-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-05-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-08-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2020-06-25
    🏢
    Company incorporated
    As GLENCOE MOUNTAIN GUIDES LTD
  9. 2020-06-25
    NELSON, Andrew appointed
    secretary
  10. 2020-06-25
    NELSON, Ian Andrew appointed
    director
  11. 2020-06-25
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

88/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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
Andrew Nelson
Individual · British · DOB 06/1967 · age 59
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/06/2020

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

7 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
Incorporated2020-06-25
Jurisdictionscotland
Primary SIC85510 — Sports and recreation education

Registered office

Feuran
Glencoe
Ballachulish
Argyll
PH49 4HS
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-08
Last: 2025-06-24

Officers (2 active · 0 resigned)

NELSON, Andrew
secretary · appointed 2020-06-25
View their other companies + combined net worth →
Active
NELSON, Ian Andrew
director · ~59y · appointed 2020-06-25
View their other companies + combined net worth →
Active

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

Recent filings (13 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-25
change-account-reference-date-company-current-extended
accounts · AA01
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-09
change-person-director-company-with-change-date
officers · CH01
2022-05-17
accounts-with-accounts-type-dormant
accounts · AA
2021-08-06
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-27
incorporation-company
incorporation · NEWINC
2020-06-25