T & L SMITH

💤Zombieactive
SC095588 · private-unlimited · incorporated 1985-10-17
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 55/100. Strong seller-intent signal (63/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 40.5y

30/100
under pressure

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

  • · Oldest live charge is 40.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · 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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
57 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2022-07-20
    ➖
    SMITH, Thelma Jean resigned
    secretary
  2. 2022-07-20
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  3. 2020-05-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2017-08-24
    ➕
    SMITH, Thelma Jean appointed
    director
  5. 2017-08-24
    ➖
    SMITH, John William Lindsay resigned
    director
  6. 2017-08-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2017-08-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2015-11-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2015-04-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2014-11-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2014-11-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2014-11-25
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2014-03-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-03-03
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  15. 2012-11-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-11-16
    ➕
    SMITH, Thelma Jean appointed
    secretary
  17. 2011-11-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2010-11-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2006-09-22
    🔒
    Charge registered #5
    Lender: Northern Bank Limited
  20. 2001-03-08
    🔓
    Charge satisfied #1
  21. 1992-12-21
    ➖
    SMITH, Thelma Jean resigned
    director
  22. 1989-07-21
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  23. 1988-11-25
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  24. 1986-02-12
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  25. 1986-01-08
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  26. 1985-10-17
    🏢
    Company incorporated
    As T & L SMITH

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 "SMITH" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 72 — 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 72 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 41 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-12

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Thelma Jean Smith
Individual · British · DOB 01/1954 · age 72
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/07/2016
1 historic (ceased) PSC
  • Mr John William Lindsay Smithceased 01/03/2017· 25-50% shares · 25-50% voting · board control

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.

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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.

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Company details

Statusactive
Typeprivate-unlimited
Incorporated1985-10-17
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

8 Charlotte Street
Perth
Central
PH1 5LL

Filing status

Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: 2026-04-12OVERDUE
Last: 2025-03-29

Officers (2 active · 3 resigned)

SMITH, Thelma Jean→
secretary · appointed 2012-11-16
View their other companies + combined net worth →
Active
SMITH, Thelma Jean→
director · ~72y · appointed 2017-08-24
View their other companies + combined net worth →
Active
SMITH, Thelma Jean→
secretary · resigned 2022-07-20
Resigned
SMITH, John William Lindsay→
director · ~76y · resigned 2017-08-24
Resigned
SMITH, Thelma Jean→
director · ~72y · resigned 1992-12-21
Resigned

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

Mortgages & charges

5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Northern Bank
Northern Bank Limited
Floating charge1 property22/09/2006—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property21/07/1989—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property25/11/1988—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property12/02/1986—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property08/01/198608/03/2001
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-03
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-05
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-05-05
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2019-03-29
confirmation-statement-with-updates
confirmation-statement · CS01
2018-03-29
appoint-person-director-company-with-name-date
officers · AP01
2017-08-24
termination-director-company-with-name-termination-date
officers · TM01
2017-08-24
confirmation-statement-with-updates
confirmation-statement · CS01
2017-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2016-11-28