GEORGE NICOLL OF SCOTLAND LIMITED

💤Zombieactive
SC180391 · ltd · incorporated 1997-11-07
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
£162
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 32300
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 69). 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).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
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
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £162

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£162
~ YoY
Current Assets
£105
~ YoY
Current Liabilities
—
£0£32£65£97£130£162Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£162£162
Current assets£105£105
Net assets£162£162

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-09-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-10-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-06-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2018-06-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2018-03-31
    ➖
    GLEN, Ewan Richard Kerr resigned
    director
  12. 2017-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2015-11-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2006-01-09
    ➖
    KERR, Barry resigned
    director
  16. 2005-11-11
    ➕
    GLEN, Ewan Richard Kerr appointed
    director
  17. 2000-10-12
    ➕
    STEEDMAN, Hamish William Ronald appointed
    secretary
  18. 2000-10-12
    ➕
    STEEDMAN, Hamish William Ronald appointed
    director
  19. 2000-10-12
    ➖
    KERR, Ann Elizabeth Goodwin resigned
    secretary
  20. 1997-11-07
    🏢
    Company incorporated
    As GEORGE NICOLL OF SCOTLAND LIMITED
  21. 1997-11-07
    ➕
    KERR, Ann Elizabeth Goodwin appointed
    secretary
  22. 1997-11-07
    ➕
    REID, Brian appointed
    nominee-secretary
  23. 1997-11-07
    ➖
    REID, Brian resigned
    nominee-secretary
  24. 1997-11-07
    ➕
    KERR, Barry appointed
    director
  25. 1997-11-07
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  26. 1997-11-07
    ➖
    MABBOTT, Stephen resigned
    nominee-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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100
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 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 28 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

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mr Hamish William Ronald Steedman
Individual · British · DOB 07/1957 · age 69
25–50%
—25-50% shares01/07/2016
1 historic (ceased) PSC
  • Mr Ewan Richard Kerr Glenceased 31/03/2018· 25-50% 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

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
Incorporated1997-11-07
Jurisdictionscotland
Primary SIC32300 — SIC 32300

Registered office

20 Saint Andrews Road
Largoward
St Andrews
Fife
KY9 1HZ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (2 active · 5 resigned)

STEEDMAN, Hamish William Ronald→
secretary · appointed 2000-10-12
View their other companies + combined net worth →
Active
STEEDMAN, Hamish William Ronald→
director · ~69y · appointed 2000-10-12
View their other companies + combined net worth →
Active
KERR, Ann Elizabeth Goodwin→
secretary · appointed 1997-11-07 · resigned 2000-10-12
Resigned
REID, Brian→
nominee-secretary · appointed 1997-11-07 · resigned 1997-11-07
Resigned
GLEN, Ewan Richard Kerr→
director · ~65y · appointed 2005-11-11 · resigned 2018-03-31
Resigned
KERR, Barry→
director · ~83y · appointed 1997-11-07 · resigned 2006-01-09
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1997-11-07 · resigned 1997-11-07
Resigned

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

Recent filings (83 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-07
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-02