SMAIL ENGINEERS (GLASGOW) LIMITED
💤Zombieactive
SC148360 · ltd · incorporated 1994-01-12
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 May 2025
Net worth
£422.1k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 28131
Sector: Manufacturing
ALSO REGISTERED FOR
- 28132SIC 28132
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 75/100 (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 (58/100).
🏦
Refinance opportunity
1 live charge · oldest 32.0y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 32.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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, 2 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
6 officers (1 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
84 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £422,124
Cash YoY
+33%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£412k
↑ 33% YoY
Net Worth
£422k
↑ 16% YoY
Current Assets
£628k
↑ 7.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £429.2k | £392.8k |
| Current assets | £628.0k | £586.9k |
| Cash | £412.2k | £309.4k |
| Debtors | £211.8k | £273.7k |
| Net assets | £422.1k | £364.6k |
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
1
filing
- • 1 mortgage
Last 180 days
4
filings
- • 2 persons-with-significant-control
- • 1 mortgage
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
- 2026-03-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-03-12🔓Charge satisfied #1
- 2025-12-11📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-09-04📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-09-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-11-23📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-11-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-09📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-11-22📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-11-22📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-11-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-11-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-11-17➖FLETCHER, Robert resignedsecretary
- 2019-11-17➖FERGUSON, Marshall resigneddirector
- 2019-11-17➖FLETCHER, Robert resigneddirector
- 2019-11-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-10-28➕SCOTT, Jennifer Elizabeth appointeddirector
- 2019-10-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 1994-05-26🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1994-01-12🏢Company incorporatedAs SMAIL ENGINEERS (GLASGOW) LIMITED
- 1994-01-12➕FLETCHER, Robert appointedsecretary
- 1994-01-12➕REID, Brian appointednominee-secretary
- 1994-01-12➖REID, Brian resignednominee-secretary
- 1994-01-12➕FERGUSON, Marshall appointeddirector
- 1994-01-12➕FLETCHER, Robert appointeddirector
- 1994-01-12➕REID, Brian appointednominee-director
- 1994-01-12➖REID, Brian resignednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 32 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Annabella Watt Fletcher Individual · British · DOB 10/1939 · age 87 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 26/11/2024 |
3 historic (ceased) PSCs
- Ms Jennifer Elizabeth Scottceased 26/11/2024· significant influence
- Mr Robert Fletcherceased 17/11/2019· significant influence
- Mr Marshall Fergusonceased 17/11/2019· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| TREEGREEN LIMITED→ SC333763 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| TREND SPORTS LTD→ SC856880 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TRI GROUP LIMITED→ SC102050 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| TRT COOLING LTD→ SC628216 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TRU 2 LEVEL LTD→ SC751114 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TUAL TECHNOLOGY LTD→ SC767622 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| TUMBLEVISION GAMES LTD→ SC853272 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TUNEUP LTD→ SC693598 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| TURUK OIL AND GAS DEVELOPMENT CO LTD→ SC613976 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| TVRS TECH TEAM LIMITED→ SC424239 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| TWM JOINERS T/A MURF PRO DEVELOP BUILDERS LTD→ SC639482 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| TYRES B WISE (SCOT) LTD→ SC717494 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated1994-01-12
Jurisdictionscotland
Primary SIC28131 — SIC 28131
Registered office
30 Napier Road
Hillington Industrial Estate
Glasgow
G52 4DR
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-06
Last: 2025-11-22
Officers (1 active · 5 resigned)
SCOTT, Jennifer Elizabeth→
Activedirector · ~55y · appointed 2019-10-28
View their other companies + combined net worth →
FLETCHER, Robert→
Resignedsecretary · appointed 1994-01-12 · resigned 2019-11-17
REID, Brian→
Resignednominee-secretary · appointed 1994-01-12 · resigned 1994-01-12
FERGUSON, Marshall→
Resigneddirector · ~82y · appointed 1994-01-12 · resigned 2019-11-17
FLETCHER, Robert→
Resigneddirector · ~87y · appointed 1994-01-12 · resigned 2019-11-17
REID, Brian→
Resignednominee-director · appointed 1994-01-12 · resigned 1994-01-12
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 26/05/1994 | 12/03/2026 |
Recent filings (84 total)
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-11
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-12-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-03
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-09