SMART GALLERY TRADING LIMITED

💤Zombieactive
09061600 · ltd · incorporated 2014-05-29
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 Jun 2025
Net worth
£-69.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 47781
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (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: 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, 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 (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
32 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £69,748
Cash YoY
+296%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↑ 296% YoY
Net Worth
-£70k
↓ 20% YoY
Current Assets
£31k
↑ 42% YoY
Current Liabilities
-£70k-£50k-£30k-£10k£11k£31kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Total assets£-53.4k£-37.2k
Current assets£30.6k£21.6k
Cash£3.4k£848
Debtors£3.3k£2.8k
Net assets£-69.7k£-58.1k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-06-10
    BAGGS, Michael Christopher appointed
    director
  6. 2022-06-10
    FRIEZE, Shelley Debra resigned
    director
  7. 2022-06-10
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2022-06-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-06-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-06-10
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2022-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-06-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2019-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-12-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-01-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2014-05-29
    🏢
    Company incorporated
    As SMART GALLERY TRADING LIMITED
  21. 2014-05-29
    FRIEZE, Shelley Debra appointed
    director

Owner dependency

83/100
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 58 — approaching natural succession window.

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 58. 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
Mr Michael Christopher Baggs
Individual · British · DOB 10/1968 · age 58
75100%
75–100%board control75-100% shares · 75-100% voting · board control10/06/2022
1 historic (ceased) PSC
  • Mrs Shelley Debra Friezeceased 10/06/2022· 75-100% shares

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

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
Incorporated2014-05-29
Jurisdictionengland-wales
Primary SIC47781 — SIC 47781

Registered office

132 Harrogate Road
Chapel Allerton
Leeds
West Yorkshire
LS7 4NZ
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-06-12
Last: 2025-05-29

Officers (1 active · 1 resigned)

BAGGS, Michael Christopher
director · ~58y · appointed 2022-06-10
View their other companies + combined net worth →
Active
FRIEZE, Shelley Debra
director · ~58y · appointed 2014-05-29 · resigned 2022-06-10
Resigned

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

Recent filings (32 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-06-10
termination-director-company-with-name-termination-date
officers · TM01
2022-06-10
appoint-person-director-company-with-name-date
officers · AP01
2022-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-01