JAMES THOMSON & SON (UPHOLSTERERS) LIMITED

💤Zombieactive
SC037589 · ltd · incorporated 1962-05-03
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 Apr 2025
Net worth
£-192.3k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Manufacture of other furniture
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 76). 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: 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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 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 105 (micro)
Negative net assets
Liabilities exceed assets by £192,290

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£192k
↓ 17% YoY
Current Assets
£18k
↑ 12% YoY
Current Liabilities
-£192k-£150k-£108k-£66k-£24k£18kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-192.3k£-164.0k
Current assets£18.3k£16.4k
Net assets£-192.3k£-164.0k

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
3
filings
  • 1 accounts
  • 1 confirmation-statement
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2026-02-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-12-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-02-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-01-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-11-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2019-11-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2019-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-01-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2017-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2016-01-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2007-07-28
    THOMSON, William Thomas Neilson resigned
    director
  17. 1962-05-03
    🏢
    Company incorporated
    As JAMES THOMSON & SON (UPHOLSTERERS) 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 76 — 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 76 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 64 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Isabella Agnes Suttie
Individual · British · DOB 02/1947 · age 79
5075%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr Andrew Ronnie Suttie
Individual · British · DOB 04/1950 · age 76
2550%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated1962-05-03
Jurisdictionscotland
Primary SIC31090 — Manufacture of other furniture

Registered office

10-12 Viceroy Street
Kirkcaldy
KY2 5HT

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-18
Last: 2025-12-04

Officers (2 active · 1 resigned)

SUTTIE, Isabella Agnes
secretary
View their other companies + combined net worth →
Active
SUTTIE, Andrew Ronnie
director · ~76y
View their other companies + combined net worth →
Active
THOMSON, William Thomas Neilson
director · ~105y · resigned 2007-07-28
Resigned

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

Recent filings (87 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-12-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-10
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-04