ERIC GILLIE LIMITED

🌳Matureactive
SC056801 · ltd · incorporated 1974-12-05
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£116.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -95% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

45/100
under pressure

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 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
94 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £116,771
Net assets shrinking
Down £20,220 YoY
Cash draining
Cash down 95% YoY
Cash YoY
-95%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£341
↓ 95% YoY
Net Worth
£117k
↓ 15% YoY
Current Assets
£70k
↑ 11% YoY
Current Liabilities
—
£0£27k£55k£82k£110k£137kDec 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£707.4k£533.2k
Current assets£70.4k£63.5k
Cash£341£6.4k
Debtors£64.7k£54.7k
Net assets£116.8k£137.0k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-19
    📄
    memorandum-articles
    incorporation · MA
  5. 2022-12-19
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2022-12-19
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2022-12-19
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  8. 2022-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2021-09-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-01
    ➕
    GILLIE, Philippa Elizabeth appointed
    secretary
  13. 2020-07-01
    ➖
    GILLIE, Jane Louise resigned
    secretary
  14. 2020-07-01
    ➖
    GILLIE, Jane Louise resigned
    director
  15. 2020-07-01
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  16. 2020-07-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2020-07-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2019-05-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2015-11-11
    ➕
    GILLIE, Michael John appointed
    director
  21. 2015-11-11
    ➕
    GILLIE, Philippa Elizabeth appointed
    director
  22. 2014-12-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 1974-12-05
    🏢
    Company incorporated
    As ERIC GILLIE LIMITED

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
  • +Founder name in company name: Company name contains director surname "GILLIE" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 80 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

75/100
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 80 years old. Natural succession window is now.
  • secondaryStable-but-static management: Company is 51 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 Jane Louise Gillie
Individual · British · DOB 11/1948 · age 78
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr Eric Tait Gillie
Individual · British · DOB 12/1946 · age 80
——sig. influencesignificant influence06/04/2016

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

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
Incorporated1974-12-05
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Potsclose
Kelso
Roxburghshire
TD5 8BN

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (4 active · 2 resigned)

GILLIE, Philippa Elizabeth→
secretary · appointed 2020-07-01
View their other companies + combined net worth →
Active
GILLIE, Eric Tait→
director · ~80y
View their other companies + combined net worth →
Active
GILLIE, Michael John→
director · ~50y · appointed 2015-11-11
View their other companies + combined net worth →
Active
GILLIE, Philippa Elizabeth→
director · ~52y · appointed 2015-11-11
View their other companies + combined net worth →
Active
GILLIE, Jane Louise→
secretary · resigned 2020-07-01
Resigned
GILLIE, Jane Louise→
director · ~78y · resigned 2020-07-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—19/12/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (94 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-15
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
memorandum-articles
incorporation · MA
2022-12-19
resolution
resolution · RESOLUTIONS
2022-12-19
capital-name-of-class-of-shares
capital · SH08
2022-12-19
capital-variation-of-rights-attached-to-shares
capital · SH10
2022-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-10-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-20