SECURITY & FIRE SYSTEMS (SCOTLAND) LIMITED

💤Zombieactive
SC137132 · ltd · incorporated 1992-03-13
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
£269.0k
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Security systems service activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 30.3y

45/100
under pressure

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

  • · Oldest live charge is 30.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
11 officers (1 active, 11 linked, 8 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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 £269,019
Cash YoY
+51%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£166k
↑ 51% YoY
Net Worth
£269k
↑ 137% YoY
Current Assets
£563k
↑ 15% YoY
Current Liabilities
—
£0£113k£225k£338k£451k£563kNov 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-07-312024-11-30
Total assets£270.3k£122.0k
Current assets£563.2k£488.3k
Cash£165.9k£109.5k
Debtors£357.2k£361.8k
Net assets£269.0k£113.7k

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

🔒Filing-note intelligence

1 signal 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
3
filings
  • • 1 confirmation-statement
  • • 1 address
  • • 1 officers
Last 90 days
4
filings
  • • 1 confirmation-statement
  • • 1 address
  • • 1 officers
Last 180 days
4
filings
  • • 1 confirmation-statement
  • • 1 address
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (47 events)Click to expand
  1. 2026-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-05-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-04-07
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  6. 2024-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-12-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-11-30
    ➖
    CONNELLY, Callum resigned
    director
  12. 2024-11-30
    ➖
    CONNELLY, Declan resigned
    director
  13. 2024-11-30
    ➖
    CONNELLY, Larissa resigned
    director
  14. 2024-11-30
    ➖
    CONNELLY, Lewis resigned
    director
  15. 2024-11-30
    ➖
    CONNELLY, Moira Margaret resigned
    director
  16. 2024-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2024-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-10-21
    ➕
    CONNELLY, Callum appointed
    director
  21. 2024-10-21
    ➕
    CONNELLY, Declan appointed
    director
  22. 2024-10-21
    ➕
    CONNELLY, Larissa appointed
    director
  23. 2024-10-21
    ➕
    CONNELLY, Lewis appointed
    director
  24. 2024-09-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2024-09-27
    🔓
    Charge satisfied #1
  26. 2024-09-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  27. 2024-09-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  28. 2024-09-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  29. 2024-09-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  30. 2024-09-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  31. 2024-09-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  32. 2024-09-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  33. 2024-09-05
    📄
    capital-alter-shares-redemption-statement-of-capital
    capital · SH02
  34. 2024-09-02
    ➕
    CONNELLY, Paul appointed
    director
  35. 2024-09-02
    ➖
    MELDRUM, Elizabeth resigned
    secretary
  36. 2024-09-02
    ➕
    CONNELLY, Moira Margaret appointed
    director
  37. 2024-09-02
    ➖
    MELDRUM, Henry Stock resigned
    director
  38. 1999-07-13
    ➖
    MELDRUM, Elizabeth resigned
    director
  39. 1996-03-01
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  40. 1992-03-13
    🏢
    Company incorporated
    As SECURITY & FIRE SYSTEMS (SCOTLAND) LIMITED
  41. 1992-03-13
    ➕
    MELDRUM, Elizabeth appointed
    secretary
  42. 1992-03-13
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-secretary
  43. 1992-03-13
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-secretary
  44. 1992-03-13
    ➕
    MELDRUM, Elizabeth appointed
    director
  45. 1992-03-13
    ➕
    MELDRUM, Henry Stock appointed
    director
  46. 1992-03-13
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  47. 1992-03-13
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Connelly Group Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Connelly Group Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SECURITY & FIRE SYSTEMS (SCOTLAND) LIMITED
This company · SC137132

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Connelly Group Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control02/09/2024
1 historic (ceased) PSC
  • Mr Henry Stock Meldrumceased 02/09/2024· 75-100% shares

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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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
Incorporated1992-03-13
Jurisdictionscotland
Primary SIC80200 — Security systems service activities

Registered office

C/O Johnston Carmichael 1st Floor
227 West George Street
Glasgow
G2 2ND
United Kingdom

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2027-06-05
Last: 2026-05-22

Officers (1 active · 10 resigned)

CONNELLY, Paul→
director · ~64y · appointed 2024-09-02
View their other companies + combined net worth →
Active
MELDRUM, Elizabeth→
secretary · appointed 1992-03-13 · resigned 2024-09-02
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-secretary · appointed 1992-03-13 · resigned 1992-03-13
Resigned
CONNELLY, Callum→
director · ~34y · appointed 2024-10-21 · resigned 2024-11-30
Resigned
CONNELLY, Declan→
director · ~31y · appointed 2024-10-21 · resigned 2024-11-30
Resigned
CONNELLY, Larissa→
director · ~31y · appointed 2024-10-21 · resigned 2024-11-30
Resigned
CONNELLY, Lewis→
director · ~24y · appointed 2024-10-21 · resigned 2024-11-30
Resigned
CONNELLY, Moira Margaret→
director · ~62y · appointed 2024-09-02 · resigned 2024-11-30
Resigned
MELDRUM, Elizabeth→
director · ~73y · appointed 1992-03-13 · resigned 1999-07-13
Resigned
MELDRUM, Henry Stock→
director · ~67y · appointed 1992-03-13 · resigned 2024-09-02
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1992-03-13 · resigned 1992-03-13
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property01/03/199627/09/2024

Recent filings (116 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-19
change-person-director-company-with-change-date
officers · CH01
2026-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-26
change-account-reference-date-company-current-shortened
accounts · AA01
2025-04-07
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
termination-director-company-with-name-termination-date
officers · TM01
2024-12-03
appoint-person-director-company-with-name-date
officers · AP01
2024-11-04
appoint-person-director-company-with-name-date
officers · AP01
2024-11-04
appoint-person-director-company-with-name-date
officers · AP01
2024-11-04