HOUSTON WAREHOUSING LIMITED

💤Zombieactive
SC155767 · ltd · incorporated 1995-02-03
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 Dec 2024
Net worth
£2
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 52103
Sector: Transportation & storage
Investor take
Pursue
Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 68). 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

3 live charges · 2 lenders · oldest 28.8y

30/100
under pressure

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

  • · Oldest live charge is 28.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
14 officers (2 active, 14 linked, 9 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
103 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 £2

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£2
~ YoY
Current Assets
£2
~ YoY
Current Liabilities
—
£0£0£1£1£2£2Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-202023-12-20
Total assets£2£2
Current assets£2£2
Net assets£2£2

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

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 (48 events)Click to expand
  1. 2025-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-09-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-09-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-09-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-09-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-08-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-09-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-07-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-02-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-02-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-08-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-12-31
    ➖
    DICKIE, William resigned
    director
  17. 2008-03-27
    ➕
    FINLAY, William Mcturk appointed
    secretary
  18. 2008-03-27
    ➕
    FINLAY, William Mcturk appointed
    director
  19. 2008-03-27
    ➖
    ROBB, William Agnew resigned
    secretary
  20. 2008-03-27
    ➖
    ROBB, William Agnew resigned
    director
  21. 2006-05-17
    🔓
    Charge satisfied #3
  22. 2005-02-02
    ➖
    BLACK, Ian resigned
    director
  23. 2005-02-02
    ➕
    DICKIE, William appointed
    director
  24. 2001-01-05
    🔓
    Charge satisfied #2
  25. 2001-01-05
    🔓
    Charge satisfied #1
  26. 2000-12-21
    ➖
    HOUSTON, John Joseph resigned
    secretary
  27. 2000-12-21
    ➕
    ROBB, William Agnew appointed
    secretary
  28. 2000-12-21
    ➖
    HOUSTON, John Joseph resigned
    director
  29. 2000-12-21
    ➖
    PANESAR, Sanjeev Singh resigned
    director
  30. 2000-12-21
    ➕
    ROBB, William Agnew appointed
    director
  31. 2000-12-21
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  32. 2000-10-02
    ➕
    HOUSTON, John Joseph appointed
    secretary
  33. 2000-10-02
    ➖
    O NEIL, James resigned
    secretary
  34. 2000-10-02
    ➖
    O NEIL, James resigned
    director
  35. 2000-10-02
    ➖
    PETTIGREW, David resigned
    director
  36. 2000-09-29
    ➕
    BLACK, Ian appointed
    director
  37. 2000-09-29
    ➕
    PANESAR, Sanjeev Singh appointed
    director
  38. 1998-02-01
    ➕
    PETTIGREW, David appointed
    director
  39. 1997-09-02
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  40. 1997-07-16
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  41. 1995-02-03
    🏢
    Company incorporated
    As HOUSTON WAREHOUSING LIMITED
  42. 1995-02-03
    ➕
    O NEIL, James appointed
    secretary
  43. 1995-02-03
    ➕
    REID, Brian appointed
    nominee-secretary
  44. 1995-02-03
    ➖
    REID, Brian resigned
    nominee-secretary
  45. 1995-02-03
    ➕
    HOUSTON, John Joseph appointed
    director
  46. 1995-02-03
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  47. 1995-02-03
    ➖
    MABBOTT, Stephen resigned
    nominee-director
  48. 1995-02-03
    ➕
    O NEIL, James 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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 31 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Thomas Kirk Craig
Individual · British · DOB 04/1951 · age 75
——board controlboard control · firm interest06/04/2016
Mr Paul Yacoubian
Individual · British · DOB 04/1960 · age 66
——sig. influencesignificant influence06/04/2016

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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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
Incorporated1995-02-03
Jurisdictionscotland
Primary SIC52103 — SIC 52103

Registered office

95 Wright Street
Renfrew
PA4 8AN
Scotland

Filing status

Accounts
Next due: 2026-09-20
Last made up to: 2024-12-20
Confirmation statement
Next due: 2027-02-17
Last: 2026-02-03

Officers (2 active · 12 resigned)

FINLAY, William Mcturk→
secretary · appointed 2008-03-27
View their other companies + combined net worth →
Active
FINLAY, William Mcturk→
director · ~68y · appointed 2008-03-27
View their other companies + combined net worth →
Active
HOUSTON, John Joseph→
secretary · appointed 2000-10-02 · resigned 2000-12-21
Resigned
O NEIL, James→
secretary · appointed 1995-02-03 · resigned 2000-10-02
Resigned
REID, Brian→
nominee-secretary · appointed 1995-02-03 · resigned 1995-02-03
Resigned
ROBB, William Agnew→
secretary · appointed 2000-12-21 · resigned 2008-03-27
Resigned
BLACK, Ian→
director · ~75y · appointed 2000-09-29 · resigned 2005-02-02
Resigned
DICKIE, William→
director · ~77y · appointed 2005-02-02 · resigned 2009-12-31
Resigned
HOUSTON, John Joseph→
director · ~83y · appointed 1995-02-03 · resigned 2000-12-21
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1995-02-03 · resigned 1995-02-03
Resigned
O NEIL, James→
director · ~78y · appointed 1995-02-03 · resigned 2000-10-02
Resigned
PANESAR, Sanjeev Singh→
director · ~54y · appointed 2000-09-29 · resigned 2000-12-21
Resigned
PETTIGREW, David→
director · ~84y · appointed 1998-02-01 · resigned 2000-10-02
Resigned
ROBB, William Agnew→
director · ~88y · appointed 2000-12-21 · resigned 2008-03-27
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property21/12/200017/05/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/09/199705/01/2001
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property16/07/199705/01/2001

Recent filings (103 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-28
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-06
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-12