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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒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 2.7y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 2.7 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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
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 | 85 | 64y |
| SONGA CREWMANAGEMENT LIMITED→ SC545847 · est 2016 | £1.15M £864.4k–£1.44M | — | — | 93900 | 9y | 82 | 71y |
| GALLANACH MARINE CONSULTANTS LIMITED→ SC769319 · est 2023 | £72.6k £54.5k–£90.8k | £28.2k | — | 200 | 3y | 84 | 50y |
| WEST OF SCOTLAND CHAUFFEUR DRIVE LIMITED→ SC318355 · est 2007 | — | — | £993.4k | — | 19y | 83 | 60y |
| 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 | — | 32y | 82 | 63y |
| BRIAN ADAM`S TRANSPORT LIMITED→ SC307386 · est 2006 | — | — | £685.8k | — | 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 |
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