GMC CORSEHILL LTD.

💤Zombieactive
SC122617 · ltd · incorporated 1990-01-26
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 Feb 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (80/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 36.1y

15/100
under pressure

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

  • · Oldest live charge is 36.1 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 8 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
112 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees262900

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-07-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-04-30
    ➖
    ALLAM, Stephen George resigned
    director
  5. 2025-04-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2024-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-05-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2023-05-11
    🔓
    Charge satisfied #5
  10. 2023-04-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-04-24
    🔓
    Charge satisfied #4
  12. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-08-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2019-03-30
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2018-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-02-27
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2018-02-17
    🔓
    Charge satisfied #3
  22. 2018-02-15
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  23. 2014-04-05
    ➖
    ALLAM, Evelyn Mary resigned
    secretary
  24. 2004-09-30
    ➖
    GOWIE, Murray Grant resigned
    director
  25. 2004-05-28
    ➖
    NEISON, John resigned
    director
  26. 2002-08-30
    ➕
    MATHER, Michelle Denise appointed
    director
  27. 2002-08-30
    ➕
    ALLAM, Evelyn Mary appointed
    secretary
  28. 2002-08-30
    ➖
    CUNNINGHAM, Mary resigned
    secretary
  29. 2002-08-30
    ➕
    ALLAM, Stephen George appointed
    director
  30. 2002-08-30
    ➖
    CUNNINGHAM, Mary resigned
    director
  31. 2002-08-30
    ➕
    GOWIE, Murray Grant appointed
    director
  32. 2002-08-30
    ➖
    MCCALL, Gordon Wilson resigned
    director
  33. 2002-08-30
    ➕
    NEISON, John appointed
    director
  34. 2002-08-23
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  35. 1991-11-12
    🔓
    Charge satisfied #1
  36. 1991-04-02
    ➕
    CUNNINGHAM, Mary appointed
    secretary
  37. 1991-04-02
    ➖
    HAPPELL, David Rodger resigned
    secretary
  38. 1991-04-02
    ➖
    CRUICKSHANKS, Alexander Wilson resigned
    director
  39. 1991-04-02
    ➖
    HAPPELL, David Rodger resigned
    director
  40. 1991-03-22
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  41. 1990-03-26
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  42. 1990-01-26
    🏢
    Company incorporated
    As GMC CORSEHILL LTD.

Owner dependency

93/100
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 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 36 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.

Group structure

Annefield Supplies Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Annefield Supplies Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
GMC CORSEHILL LTD.
This company · SC122617

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Annefield Supplies Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting29/01/2021
Ms Michelle Denise Mather
Individual · British · DOB 11/1967 · age 59
25–50%
—25-50% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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CROWN STREET LIGHTING LTD→
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————7y——
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————20y——
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————1y——
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SC713739 · est 2021 · no financials extracted
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————25y——
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SC813892 · est 2024 · no financials extracted
————1y——
JOHN DAWSON BUTCHERS LIMITED→
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————23y——
JOHN H MCNAE LTD.→
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————20y——
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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
Incorporated1990-01-26
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

2 Ailsa Road
Kyle Estate
Irvine
KA12 8NG
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-08
Last: 2026-01-25

Officers (1 active · 10 resigned)

MATHER, Michelle Denise→
director · ~59y · appointed 2002-08-30
View their other companies + combined net worth →
Active
ALLAM, Evelyn Mary→
secretary · appointed 2002-08-30 · resigned 2014-04-05
Resigned
CUNNINGHAM, Mary→
secretary · appointed 1991-04-02 · resigned 2002-08-30
Resigned
HAPPELL, David Rodger→
secretary · resigned 1991-04-02
Resigned
ALLAM, Stephen George→
director · ~63y · appointed 2002-08-30 · resigned 2025-04-30
Resigned
CRUICKSHANKS, Alexander Wilson→
director · ~78y · resigned 1991-04-02
Resigned
CUNNINGHAM, Mary→
director · ~74y · resigned 2002-08-30
Resigned
GOWIE, Murray Grant→
director · ~61y · appointed 2002-08-30 · resigned 2004-09-30
Resigned
HAPPELL, David Rodger→
director · ~80y · resigned 1991-04-02
Resigned
MCCALL, Gordon Wilson→
director · ~82y · resigned 2002-08-30
Resigned
NEISON, John→
director · ~84y · appointed 2002-08-30 · resigned 2004-05-28
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank PLC
A registered charge—15/02/201811/05/2023
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property23/08/200224/04/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/03/199117/02/2018
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property26/03/199012/11/1991

Recent filings (112 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-07-14
termination-director-company-with-name-termination-date
officers · TM01
2025-07-14
change-person-director-company-with-change-date
officers · CH01
2025-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-25
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-11
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-09