MASTERPARTS (BELLSHILL) LIMITED

💤Zombieactive
SC118489 · ltd · incorporated 1989-06-14
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 Jul 2025
Net worth
£91.1k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 36.9y

15/100
under pressure

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

  • · Oldest live charge is 36.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

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
5 charges (4/5 with lender, 5/5 with type)
87
Directors & officers
8 officers (1 active, 8 linked, 4 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
99 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
80
Strong succession / seller-readiness signals.
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 £91,082

Key financials

2 years extracted from filed iXBRL accounts
Cash
£15k
Net Worth
£91k
↑ 7.8% YoY
Current Assets
£321k
↑ 2.8% YoY
Current Liabilities
—
£0£64k£128k£192k£256k£321kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-07-31
Total assets£95.2k£84.5k
Current assets£320.5k£311.8k
Cash£15.2k—
Debtors£85.6k—
Net assets£91.1k£84.5k

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-07-20
    ➖
    GLAZER, Andrew Raymond resigned
    director
  5. 2023-07-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-07-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-07-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-07-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-07-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2022-04-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-02-04
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2019-11-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2019-04-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2018-02-08
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2017-12-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2017-12-01
    ➕
    GLAZER, Andrew Raymond appointed
    director
  19. 2014-03-31
    ➖
    IRVINE, Janet Brown resigned
    secretary
  20. 2012-01-20
    🔓
    Charge satisfied #1
  21. 2011-12-16
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  22. 1998-06-14
    ➕
    IRVINE, Janet Brown appointed
    secretary
  23. 1998-05-26
    🔓
    Charge satisfied #5
  24. 1998-04-02
    ➖
    MCAULEY, Joseph resigned
    secretary
  25. 1998-04-01
    ➖
    GLAZER, Henry resigned
    secretary
  26. 1998-03-31
    ➖
    DOCHERTY, Patrick resigned
    director
  27. 1993-10-20
    ➕
    MCAULEY, Joseph appointed
    secretary
  28. 1993-10-20
    ➕
    DOCHERTY, Patrick appointed
    director
  29. 1993-10-20
    ➖
    GLAZER, Michael Raymond resigned
    director
  30. 1991-10-14
    🔓
    Charge satisfied #2
  31. 1991-09-10
    🔒
    Charge registered #5
    Standard security
  32. 1991-09-06
    ➖
    BROWN, John resigned
    director
  33. 1991-08-28
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  34. 1989-08-03
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  35. 1989-06-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 1989-06-14
    🏢
    Company incorporated
    As MASTERPARTS (BELLSHILL) LIMITED
  37. 1989-06-14
    ➕
    GLAZER, Henry appointed
    director
  38. 1989-06-14
    ➕
    GLAZER, Henry appointed
    secretary
  39. 1989-06-14
    ➕
    BROWN, John appointed
    director
  40. 1989-06-14
    ➕
    GLAZER, Michael Raymond appointed
    director

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.
  • +Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

100/100
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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 37 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 37 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

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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Henry Glazer
Individual · British · DOB 08/1946 · age 80
50–75%
50–75%board control50-75% shares · 50-75% voting · board control01/08/2016
1 historic (ceased) PSC
  • Mr Andrew Raymond Glazerceased 20/07/2023· 25-50% shares · 25-50% voting

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
Incorporated1989-06-14
Jurisdictionscotland
Primary SIC45310 — SIC 45310

Registered office

459/461 Main Street
Bellshill
Lanarkshire
ML4 1DA

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-06-04
Last: 2025-05-21

Officers (1 active · 7 resigned)

GLAZER, Henry→
director · ~80y · appointed 1989-06-14
View their other companies + combined net worth →
Active
GLAZER, Henry→
secretary · appointed 1989-06-14 · resigned 1998-04-01
Resigned
IRVINE, Janet Brown→
secretary · appointed 1998-06-14 · resigned 2014-03-31
Resigned
MCAULEY, Joseph→
secretary · appointed 1993-10-20 · resigned 1998-04-02
Resigned
BROWN, John→
director · appointed 1989-06-14 · resigned 1991-09-06
Resigned
DOCHERTY, Patrick→
director · ~76y · appointed 1993-10-20 · resigned 1998-03-31
Resigned
GLAZER, Andrew Raymond→
director · ~41y · appointed 2017-12-01 · resigned 2023-07-20
Resigned
GLAZER, Michael Raymond→
director · ~76y · appointed 1989-06-14 · resigned 1993-10-20
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property16/12/2011—
satisfied
Unknown
Standard security1 property10/09/199126/05/1998
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property28/08/1991—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property03/08/198914/10/1991
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property30/06/198920/01/2012
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (99 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-20
termination-director-company-with-name-termination-date
officers · TM01
2023-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-28