WERKO LIMITED

💤Zombieactive
SC007963 · ltd · incorporated 1911-08-14
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
69/100
Strong
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. 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).

🏦

Refinance opportunity

1 live charge · oldest 53.7y

45/100
under pressure

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

  • · Oldest live charge is 53.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 9 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
3
filings
  • • 1 gazette
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
3
filings
  • • 1 gazette
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
5
filings
  • • 2 gazette
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-05-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  2. 2026-05-27
    ➖
    KENNEDY, Evelyn Marjory resigned
    secretary
  3. 2026-05-27
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2026-02-19
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  5. 2026-02-17
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2025-01-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-02-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-01-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-06-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-07-23
    ➕
    TAYLOR, Percy Scott appointed
    director
  11. 2021-07-23
    ➖
    TEAPE, Stuart James resigned
    director
  12. 2021-07-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2021-07-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-05-11
    ➖
    FORTUNE, Alan resigned
    director
  15. 2021-05-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2021-04-27
    ➕
    TEAPE, Stuart James appointed
    director
  17. 2021-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2021-04-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2019-12-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2019-04-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  21. 2018-04-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2017-02-07
    ➖
    KER, John Dalziel resigned
    director
  23. 2007-04-16
    ➖
    TAYLOR, Colin Scott resigned
    director
  24. 2006-11-22
    ➕
    KER, John Dalziel appointed
    director
  25. 2005-10-10
    ➕
    FORTUNE, Alan appointed
    director
  26. 2005-10-10
    ➖
    TAYLOR, Percy Scott resigned
    director
  27. 1996-10-09
    ➕
    KENNEDY, Evelyn Marjory appointed
    secretary
  28. 1996-10-09
    ➕
    TAYLOR, Colin Scott appointed
    director
  29. 1996-09-20
    ➖
    KENNEDY, John resigned
    secretary
  30. 1996-09-20
    ➖
    KENNEDY, John resigned
    director
  31. 1995-03-01
    ➕
    KENNEDY, John appointed
    director
  32. 1995-03-01
    ➖
    VERNON, Roy Edward resigned
    director
  33. 1994-04-27
    🔓
    Charge satisfied #1
  34. 1993-02-20
    ➖
    TAYLOR, Percy James resigned
    director
  35. 1972-08-31
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 1911-08-14
    🏢
    Company incorporated
    As WERKO LIMITED

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 88 — succession pressure is live.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 88 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 115 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
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: 2026-03-31

Group structure

Barnaigh Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Barnaigh Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
WERKO LIMITED
This company · SC007963

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Barnaigh Group Limited
Corporate entity
75–100%
—75-100% shares06/04/2016

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

10 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 →
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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
Incorporated1911-08-14
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

117 Abercorn Street
Paisley
Renfrewshire
PA3 4DH

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-11-23
Last: 2025-11-09

Officers (1 active · 10 resigned)

TAYLOR, Percy Scott→
director · ~88y · appointed 2021-07-23
View their other companies + combined net worth →
Active
KENNEDY, Evelyn Marjory→
secretary · appointed 1996-10-09 · resigned 2026-05-27
Resigned
KENNEDY, John→
secretary · resigned 1996-09-20
Resigned
FORTUNE, Alan→
director · ~87y · appointed 2005-10-10 · resigned 2021-05-11
Resigned
KENNEDY, John→
director · ~109y · appointed 1995-03-01 · resigned 1996-09-20
Resigned
KER, John Dalziel→
director · ~79y · appointed 2006-11-22 · resigned 2017-02-07
Resigned
TAYLOR, Colin Scott→
director · ~58y · appointed 1996-10-09 · resigned 2007-04-16
Resigned
TAYLOR, Percy Scott→
director · ~88y · resigned 2005-10-10
Resigned
TAYLOR, Percy James→
director · ~119y · resigned 1993-02-20
Resigned
TEAPE, Stuart James→
director · ~39y · appointed 2021-04-27 · resigned 2021-07-23
Resigned
VERNON, Roy Edward→
director · ~96y · resigned 1995-03-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property31/08/197227/04/1994

Recent filings (109 total)

gazette-filings-brought-up-to-date
gazette · DISS40
2026-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-27
termination-secretary-company-with-name-termination-date
officers · TM02
2026-05-27
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-02-19
gazette-notice-compulsory
gazette · GAZ1
2026-02-17
accounts-with-accounts-type-dormant
accounts · AA
2025-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-dormant
accounts · AA
2024-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-09
accounts-with-accounts-type-dormant
accounts · AA
2023-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-09
accounts-with-accounts-type-dormant
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-11
appoint-person-director-company-with-name-date
officers · AP01
2021-07-23
termination-director-company-with-name-termination-date
officers · TM01
2021-07-23