HARRINGTON CONSTRUCTION LIMITED

💤Zombieactive
SC077955 · ltd · incorporated 1982-03-16
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 Apr 2025
Net worth
£38.9k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

6 live charges · oldest 43.8y

45/100
under pressure

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

  • · Oldest live charge is 43.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
100 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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 £38,928

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£39k
↑ 13% YoY
Current Assets
£39k
↓ 17% YoY
Current Liabilities
£0£9k£19k£28k£37k£47kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£38.9k£38.9k
Current assets£38.9k£46.8k
Net assets£38.9k£34.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-09-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-09-25
    🔓
    Charge satisfied #6
  6. 2023-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-11-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2022-11-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-11-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-01-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-03-05
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2020-03-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-03-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2020-03-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-03-01
    GLEDHILL, Allan James appointed
    secretary
  17. 2020-03-01
    GLEDHILL, Allan James appointed
    director
  18. 2020-03-01
    WHITE, James Grant Forbes resigned
    secretary
  19. 2020-03-01
    WHITE, James Grant Forbes resigned
    director
  20. 2020-01-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2019-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2018-01-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  23. 2003-05-22
    GLEDHILL, Betty Eleanor Edwards resigned
    secretary
  24. 2003-05-22
    WHITE, James Grant Forbes appointed
    secretary
  25. 2003-05-22
    GLEDHILL, Betty Eleanor Edwards resigned
    director
  26. 1998-01-26
    GLEDHILL, Martin George resigned
    director
  27. 1998-01-26
    WHITE, James Grant Forbes appointed
    director
  28. 1993-09-08
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  29. 1993-08-13
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  30. 1991-04-08
    🔓
    Charge satisfied #4
  31. 1990-12-12
    🔓
    Charge satisfied #1
  32. 1986-11-03
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  33. 1986-11-03
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  34. 1986-01-03
    🔓
    Charge satisfied #2
  35. 1983-10-10
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  36. 1982-06-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 1982-03-16
    🏢
    Company incorporated
    As HARRINGTON CONSTRUCTION LIMITED

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
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.
  • secondaryStable-but-static management: Company is 44 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Martin George Gledhill
Individual · British · DOB 01/1947 · age 79
2550%
25-50% shares01/05/2016
Mrs Betty Eleanor Edwards Gledhill
Individual · British · DOB 01/1950 · age 76
2550%
25-50% shares01/05/2016

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
Incorporated1982-03-16
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

Omachie Lodge Drumsturdy Road
Broughty Ferry
Dundee
DD5 3RE
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (2 active · 5 resigned)

GLEDHILL, Allan James
secretary · appointed 2020-03-01
View their other companies + combined net worth →
Active
GLEDHILL, Allan James
director · ~46y · appointed 2020-03-01
View their other companies + combined net worth →
Active
GLEDHILL, Betty Eleanor Edwards
secretary · resigned 2003-05-22
Resigned
WHITE, James Grant Forbes
secretary · appointed 2003-05-22 · resigned 2020-03-01
Resigned
GLEDHILL, Betty Eleanor Edwards
director · ~76y · resigned 2003-05-22
Resigned
GLEDHILL, Martin George
director · ~79y · resigned 1998-01-26
Resigned
WHITE, James Grant Forbes
director · ~62y · appointed 1998-01-26 · resigned 2020-03-01
Resigned

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

Mortgages & charges

6
Total charges
2
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/09/1993
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property13/08/199325/09/2023
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/11/1986
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/11/198608/04/1991
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/10/198303/01/1986
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/06/198212/12/1990
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (100 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-31
mortgage-satisfy-charge-full
mortgage · MR04
2023-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-30