GLENALDER LIMITED

💤Zombieactive
SC141958 · ltd · incorporated 1993-01-04
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
£24.6k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pursue
Active trading company with a 83-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (68/100, director aged 83). 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

6 live charges · 3 lenders · oldest 32.7y

15/100
under pressure

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

  • · Oldest live charge is 32.7 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
20 officers (1 active, 20 linked, 13 with DOB)
83
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
124 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £24,600
Net assets shrinking
Down £17,886 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£25k
↓ 42% YoY
Current Assets
£59k
↓ 32% YoY
Current Liabilities
—
£0£17k£35k£52k£69k£87kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£24.6k£52.2k
Current assets£59.0k£86.6k
Net assets£24.6k£42.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-04-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-09-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-09-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2023-08-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-08-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2023-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-09-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-05-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-08-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-11-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-09-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2018-09-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2018-09-01
    ➕
    SHIELDS, Thomas Victor appointed
    director
  18. 2018-09-01
    ➖
    SHIELDS, Myles resigned
    director
  19. 2017-02-28
    ➖
    SHIELDS, Victor resigned
    secretary
  20. 2017-02-28
    ➕
    SHIELDS, Myles appointed
    director
  21. 2017-02-28
    ➖
    SHIELDS, Victor resigned
    director
  22. 2012-09-14
    ➖
    SHIELDS, Caroline resigned
    director
  23. 2008-06-19
    🔓
    Charge satisfied #7
  24. 2008-06-19
    🔓
    Charge satisfied #5
  25. 2007-10-02
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  26. 2002-08-16
    🔒
    Charge registered #6
    Lender: Clydesdale Bank Public Limited Company
  27. 2001-07-31
    ➖
    MCNEIL, William resigned
    secretary
  28. 2001-07-31
    ➕
    SHIELDS, Victor appointed
    secretary
  29. 2001-07-31
    ➖
    HAY, Paul resigned
    director
  30. 2001-07-31
    ➖
    MCNEIL, William resigned
    director
  31. 2001-07-31
    ➖
    SHEILDS, Victor resigned
    director
  32. 2001-07-31
    ➕
    SHIELDS, Caroline appointed
    director
  33. 2001-07-31
    ➕
    SHIELDS, Victor appointed
    director
  34. 2001-02-21
    ➖
    CARR, David resigned
    secretary
  35. 2001-02-21
    ➕
    MCNEIL, William appointed
    secretary
  36. 2001-02-21
    ➖
    CARR, David resigned
    director
  37. 1998-10-06
    ➕
    HAY, Paul appointed
    director
  38. 1998-10-06
    ➕
    MCNEIL, William appointed
    director
  39. 1998-02-23
    🔒
    Charge registered #5
    Lender: Clydesdale Bank Public Limited Company
  40. 1997-12-29
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  41. 1997-02-28
    ➕
    SHEILDS, Victor appointed
    director
  42. 1997-02-28
    ➖
    WYLIE, Andrew resigned
    director
  43. 1996-12-27
    ➕
    CARR, David appointed
    secretary
  44. 1996-12-27
    ➕
    CARR, David appointed
    director
  45. 1996-12-05
    ➖
    SHEILDS, Victor resigned
    secretary
  46. 1995-02-15
    ➖
    ANDERSON, Geoffrey resigned
    secretary
  47. 1995-02-15
    ➕
    SHEILDS, Victor appointed
    secretary
  48. 1995-02-15
    ➖
    ANDERSON, Geoffrey resigned
    director
  49. 1994-09-21
    ➕
    WYLIE, Andrew appointed
    director
  50. 1994-03-24
    🔒
    Charge registered #3
    Lender: Mrs Eva Epstein
Showing most recent 50 of 64 events

Owner dependency

90/100
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 age: Director aged approximately 83 — 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 83 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 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Thomas Victor Shields
Individual · British · DOB 08/1943 · age 83
50–75%
50–75%board control50-75% shares · 50-75% voting · board control21/08/2023
Mrs Caroline Shields
Individual · British · DOB 05/1963 · age 63
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/01/2024
1 historic (ceased) PSC
  • Mrs Caroline Shieldsceased 21/08/2023· 50-75% shares · 50-75% 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

9 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
Incorporated1993-01-04
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.

Registered office

91 Alexander Street
Airdrie
ML6 0BD
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23

Officers (1 active · 19 resigned)

SHIELDS, Thomas Victor→
director · ~83y · appointed 2018-09-01
View their other companies + combined net worth →
Active
ANDERSON, Geoffrey→
secretary · appointed 1994-02-21 · resigned 1995-02-15
Resigned
CARR, David→
secretary · appointed 1996-12-27 · resigned 2001-02-21
Resigned
FLANNIGAN, Desmond→
secretary · appointed 1993-03-01 · resigned 1994-02-21
Resigned
MCNEIL, William→
secretary · appointed 2001-02-21 · resigned 2001-07-31
Resigned
REID, Brian→
nominee-secretary · appointed 1993-01-04 · resigned 1993-01-04
Resigned
SHEILDS, Victor→
secretary · appointed 1995-02-15 · resigned 1996-12-05
Resigned
SHIELDS, Victor→
secretary · appointed 2001-07-31 · resigned 2017-02-28
Resigned
ANDERSON, Geoffrey→
director · ~80y · appointed 1994-02-21 · resigned 1995-02-15
Resigned
CARR, David→
director · ~66y · appointed 1996-12-27 · resigned 2001-02-21
Resigned
FLANNIGAN, Desmond→
director · ~61y · appointed 1993-03-01 · resigned 1994-02-21
Resigned
HAY, Paul→
director · ~54y · appointed 1998-10-06 · resigned 2001-07-31
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1993-01-04 · resigned 1993-01-04
Resigned
MCNEIL, William→
director · ~54y · appointed 1998-10-06 · resigned 2001-07-31
Resigned
SHEILDS, Victor→
director · ~58y · appointed 1997-02-28 · resigned 2001-07-31
Resigned
SHEILDS SNR, Victor→
director · ~83y · appointed 1993-03-01 · resigned 1993-09-20
Resigned
SHIELDS, Caroline→
director · ~63y · appointed 2001-07-31 · resigned 2012-09-14
Resigned
SHIELDS, Myles→
director · ~37y · appointed 2017-02-28 · resigned 2018-09-01
Resigned
SHIELDS, Victor→
director · ~83y · appointed 2001-07-31 · resigned 2017-02-28
Resigned
WYLIE, Andrew→
director · ~72y · appointed 1994-09-21 · resigned 1997-02-28
Resigned

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

Mortgages & charges

6
Total charges
4
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/10/200719/06/2008
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Assignation in security1 property16/08/2002—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property23/02/199819/06/2008
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property29/12/1997—
outstanding
Mrs Eva Epstein
Standard security1 property24/03/1994—
outstanding
William Miller Harper & Another
Standard security1 property31/08/1993—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (124 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
change-person-director-company-with-change-date
officers · CH01
2023-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-15