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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
71/100
Strong
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 40.3y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 40.3 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
- 2022-07-20➖SMITH, Thelma Jean resignedsecretary
- 2022-07-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-05-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2017-08-24➕SMITH, Thelma Jean appointeddirector
- 2017-08-24➖SMITH, John William Lindsay resigneddirector
- 2017-08-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-08-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-11-26📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-04-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-11-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-11-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2014-11-25📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2014-03-25📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-03-03📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2012-11-19📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-11-16➕SMITH, Thelma Jean appointedsecretary
- 2011-11-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-11-17📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2006-09-22🔒Charge registered #5Lender: Northern Bank Limited
- 2001-03-08🔓Charge satisfied #1
- 1992-12-21➖SMITH, Thelma Jean resigneddirector
- 1989-07-21🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1988-11-25🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1986-02-12🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1986-01-08🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1985-10-17🏢Company incorporatedAs T & L SMITH
Owner dependency
100/100
Critical — business is the founderThe 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 candidateStrong 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
highAnnual 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Thelma Jean Smith Individual · British · DOB 01/1954 · age 72 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 01/07/2016 |
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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| THE HONEYPOT CHILDRENS NURSERY LIMITED→ SC197818 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
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| THE SECRET SALON LIMITED→ SC824777 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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| THE TAN BAR (AUCHTERARDER) LTD→ SC846363 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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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.
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
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→
Activesecretary · appointed 2012-11-16
View their other companies + combined net worth →
SMITH, Thelma Jean→
Activedirector · ~72y · appointed 2017-08-24
View their other companies + combined net worth →
SMITH, Thelma Jean→
Resignedsecretary · resigned 2022-07-20
SMITH, John William Lindsay→
Resigneddirector · ~76y · resigned 2017-08-24
SMITH, Thelma Jean→
Resigneddirector · ~72y · resigned 1992-12-21
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Northern Bank Northern Bank Limited | Floating charge | 1 property | 22/09/2006 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/07/1989 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 25/11/1988 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 12/02/1986 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 08/01/1986 | 08/03/2001 |
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