GLENDINNING ASSETS LIMITED

💤Zombieactive
SC185169 · ltd · incorporated 1998-04-24
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 Mar 2025
Net worth
£898.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 69-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 27.7y

30/100
under pressure

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

  • · Oldest live charge is 27.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
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
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £898,273
Net assets shrinking
Down £106,288 YoY
Cash YoY
+198%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£214k
↑ 198% YoY
Net Worth
£898k
↓ 11% YoY
Current Assets
£214k
↓ 30% YoY
Current Liabilities
—
£0£201k£402k£603k£804k£1.0mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£898.3k£1.00M
Current assets£213.7k£306.1k
Cash£213.7k£71.6k
Debtors—£234.5k
Net assets£898.3k£1.00M

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
1
filing
  • • 1 confirmation-statement
Last 90 days
6
filings
  • • 3 capital
  • • 1 confirmation-statement
  • • 1 incorporation
Last 180 days
6
filings
  • • 3 capital
  • • 1 confirmation-statement
  • • 1 incorporation
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-12
    📄
    memorandum-articles
    incorporation · MA
  2. 2026-03-12
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2026-03-12
    📄
    capital-name-of-class-of-shares
    capital · SH08
  4. 2026-03-12
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  5. 2026-03-11
    📄
    capital-allotment-shares
    capital · SH01
  6. 2025-11-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-12-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-09-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2021-09-22
    🔓
    Charge satisfied #2
  13. 2021-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-03-17
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  16. 2019-04-05
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2019-04-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-08-16
    🔒
    Charge registered #2
    Lender: Marionville Developments Limited (132148C (Company Incorporated in the Isle of Man))
  19. 2015-08-06
    🔓
    Charge satisfied #1
  20. 2005-08-29
    ➕
    DUFF, Rosemary appointed
    secretary
  21. 2005-08-29
    ➖
    HBJ SECRETARIAL LIMITED resigned
    corporate-secretary
  22. 1998-09-24
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 1998-07-30
    ➕
    DUFF, Grant appointed
    director
  24. 1998-07-30
    ➖
    HENDERSON BOYD JACKSON LIMITED resigned
    corporate-nominee-director
  25. 1998-04-24
    🏢
    Company incorporated
    As GLENDINNING ASSETS LIMITED
  26. 1998-04-24
    ➕
    HBJ SECRETARIAL LIMITED appointed
    corporate-secretary
  27. 1998-04-24
    ➕
    HENDERSON BOYD JACKSON LIMITED appointed
    corporate-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 28 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 28 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Rosemary Duff
Individual · British · DOB 12/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Grant Duff
Individual · British · DOB 09/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1998-04-24
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

C/O Mclaughlin Crolla Llp
77/2 Hanover Street
Edinburgh
EH2 1EE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-12
Last: 2026-04-28

Officers (2 active · 2 resigned)

DUFF, Rosemary→
secretary · appointed 2005-08-29
View their other companies + combined net worth →
Active
DUFF, Grant→
director · ~69y · appointed 1998-07-30
View their other companies + combined net worth →
Active
HBJ SECRETARIAL LIMITED→
corporate-secretary · appointed 1998-04-24 · resigned 2005-08-29
Resigned
HENDERSON BOYD JACKSON LIMITED→
corporate-nominee-director · appointed 1998-04-24 · resigned 1998-07-30
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Marionville Developments (132148C (Company in the Isle of Man))
Marionville Developments Limited (132148C (Company Incorporated in the Isle of Man))
A registered charge1 property16/08/201822/09/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property24/09/199806/08/2015

Recent filings (92 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-08
memorandum-articles
incorporation · MA
2026-03-12
resolution
resolution · RESOLUTIONS
2026-03-12
capital-name-of-class-of-shares
capital · SH08
2026-03-12
capital-variation-of-rights-attached-to-shares
capital · SH10
2026-03-12
capital-allotment-shares
capital · SH01
2026-03-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-27