HAT PAINTERS (SCOTLAND) LIMITED

💤Zombieactive
SC022027 · ltd · incorporated 1942-03-31
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
not disclosed
Net worth
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: SIC 4544
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 7499SIC 7499
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 55/100. 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 (38/100).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (1 active, 2 linked, 1 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
3 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
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 (6 events)Click to expand
  1. 2021-04-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2018-06-29
    📄
    court-order
    miscellaneous · OC-DV
  3. 1991-12-16
    MCLUSKIE, Thomas Mcaulay resigned
    director
  4. 1988-10-04
    GRAYSTON CENTRAL SERVICES LIMITED appointed
    corporate-director
  5. 1987-01-01
    📄
    selection-of-documents-registered-before-January-1987
    historical · PRE87
  6. 1942-03-31
    🏢
    Company incorporated
    As HAT PAINTERS (SCOTLAND) LIMITED

Owner dependency

100/100
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 name in company name: Company name contains director surname "LIMITED" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 38 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 38 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 84 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: 1999-01-31

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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.

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🔒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
Incorporated1942-03-31
Jurisdictionscotland
Primary SIC4544 — SIC 4544

Registered office

P.O.Box 6
17-18 Golden Square
Aberdeen
AB9 8NY

Filing status

Accounts
Next due: 1999-01-31OVERDUE
Last made up to:
Confirmation statement
Next due:
Last:

Officers (1 active · 1 resigned)

GRAYSTON CENTRAL SERVICES LIMITED
corporate-director · appointed 1988-10-04
View their other companies + combined net worth →
Active
MCLUSKIE, Thomas Mcaulay
director · ~75y · resigned 1991-12-16
Resigned

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

Recent filings (3 total)

gazette-notice-compulsory
gazette · GAZ1
2021-04-06
court-order
miscellaneous · OC-DV
2018-06-29
selection-of-documents-registered-before-January-1987
historical · PRE87
1987-01-01