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.
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
—
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 27.8y

30/100
under pressure

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

  • · Oldest live charge is 27.8 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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
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