FLYING SCOT GLASGOW LIMITED
💤Zombieactive
SC182653 · ltd · incorporated 1998-02-03
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
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 49390
Sector: Transportation & storage
Investor take
PursueActive trading company with a 68-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, 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
2 live charges · 2 lenders · oldest 2.6y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.6 years old — likely still in initial term.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (56/100)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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 4 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-12-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-13🔒Charge registered #1Lender: National Grid Property Holdings Limited
- 2023-10-07🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
- 2022-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-15📄capital-allotment-sharescapital · SH01
- 2018-01-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-12📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2017-02-14📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2017-01-25➕KINLOCH, Jennifer Fiona appointedsecretary
- 2017-01-25➖KINLOCH, Jennifer Fiona resignedsecretary
- 2017-01-25➕KINLOCH, Jennifer Fiona appointedsecretary
- 2017-01-25➖KINLOCH, Jennifer Fiona resignedsecretary
- 2017-01-25➕REID, Elizabeth appointedsecretary
- 2017-01-25➖REID, Elizabeth resignedsecretary
- 2017-01-25➖REID, Elizabeth resignedsecretary
- 1999-04-01➕REID, Peter Donald appointeddirector
- 1999-04-01➕REID, Elizabeth appointedsecretary
- 1999-04-01➖REID, Jessica resignedsecretary
- 1999-04-01➖REID, Elizabeth resigneddirector
- 1998-09-02➕REID, Jessica appointedsecretary
- 1998-09-02➕REID, Elizabeth appointeddirector
- 1998-02-03🏢Company incorporatedAs FLYING SCOT GLASGOW LIMITED
- 1998-02-03➕TRAINER, Diane appointednominee-secretary
- 1998-02-03➖TRAINER, Diane resignednominee-secretary
- 1998-02-03➕MCINTOSH, Susan appointednominee-director
- 1998-02-03➖MCINTOSH, Susan resignednominee-director
- 1998-02-03➕TRAINER, Peter appointednominee-director
- 1998-02-03➖TRAINER, Peter resignednominee-director
Owner dependency
100/100
Critical — business is the founderThe 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 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong 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.
- primary20+ year tenure: Director in role 27 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
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 |
|---|---|---|---|---|
Mr Peter Donald Reid Individual · British · DOB 04/1958 · age 68 | 75–100% | — | 75-100% shares | 01/01/2017 |
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 →Similar companies
Active · Transport & logistics · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| B. MUNDELL LIMITED→ SC054931 · est 1974 | £1.96M £1.47M–£2.45M | — | — | 54 | 52y | 83 | 64y |
| GALLANACH MARINE CONSULTANTS LIMITED→ SC769319 · est 2023 | £72.6k £54.5k–£90.8k | £28.2k | — | 200 | 2y | 84 | 50y |
| A M TRANSPORT (CAMPBELTOWN) LTD.→ SC355750 · est 2009 | — | — | £827.4k | — | 17y | 82 | 68y |
| AAI INTERNATIONAL SCOTLAND LIMITED→ SC383141 · est 2010 | — | — | — | 800 | 15y | 82 | 71y |
| BOYDS COACH HIRE LIMITED→ SC150742 · est 1994 | — | — | £476.2k | — | 31y | 82 | 63y |
| BRIAN ADAM`S TRANSPORT LIMITED→ SC307386 · est 2006 | — | — | £642.7k | — | 19y | 82 | 59y |
| BROOKFIELD SECURITIES LIMITED→ SC015861 · est 1930 · no financials extracted | — | — | — | — | 96y | 82 | 66y |
| CRD INTERNATIONAL TRANSPORT LTD.→ SC257963 · est 2003 | — | — | £130.6k | — | 22y | 82 | 70y |
| D.W. PARKER LIMITED→ SC241950 · est 2003 | — | — | £433.1k | — | 23y | 82 | 58y |
| FALKIRK CAR CARRIERS LTD.→ SC228015 · est 2002 | — | — | — | 16 | 24y | 82 | 60y |
| GORDON GRANT MARINE LTD.→ SC265624 · est 2004 | — | — | — | 8 | 22y | 82 | 61y |
| J.L. MCNEIL LIMITED→ SC040675 · est 1964 · no financials extracted | — | — | — | — | 61y | 82 | 66y |
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
Incorporated1998-02-03
Jurisdictionscotland
Primary SIC49390 — SIC 49390
Registered office
65 Well Street
Paisley
Renfrewshire
PA1 2PZ
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-17
Last: 2026-02-03
Officers (1 active · 9 resigned)
REID, Peter Donald→
Activedirector · ~68y · appointed 1999-04-01
View their other companies + combined net worth →
KINLOCH, Jennifer Fiona→
Resignedsecretary · appointed 2017-01-25 · resigned 2017-01-25
KINLOCH, Jennifer Fiona→
Resignedsecretary · appointed 2017-01-25 · resigned 2017-01-25
REID, Elizabeth→
Resignedsecretary · appointed 2017-01-25 · resigned 2017-01-25
REID, Elizabeth→
Resignedsecretary · appointed 1999-04-01 · resigned 2017-01-25
REID, Jessica→
Resignedsecretary · appointed 1998-09-02 · resigned 1999-04-01
TRAINER, Diane→
Resignednominee-secretary · appointed 1998-02-03 · resigned 1998-02-03
MCINTOSH, Susan→
Resignednominee-director · ~56y · appointed 1998-02-03 · resigned 1998-02-03
REID, Elizabeth→
Resigneddirector · ~101y · appointed 1998-09-02 · resigned 1999-04-01
TRAINER, Peter→
Resignednominee-director · ~74y · appointed 1998-02-03 · resigned 1998-02-03
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Grid Property Holdings National Grid Property Holdings Limited | A registered charge | 1 property | 13/10/2023 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111) | A registered charge | — | 07/10/2023 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (86 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
termination-secretary-company-with-name-termination-date
officers · TM02
2025-06-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-03