GLENCAR ASSOCIATES LIMITED

🌳Matureactive

SC193673 · ltd · incorporated 1999-02-22

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2025

Net worth

£-6.6k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Management consultancy activities other than financial management

Sector: Professional, scientific & technical

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 80). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

2 connected companies via shared directors

Filing history

65 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £6,625

Net assets shrinking

Down £6,673 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£7k

↓ 13902% YoY

Current Assets

£987

↓ 92% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-04-30	2024-04-30
Total assets	£-6.1k	£888
Current assets	£987	£12.5k
Net assets	£-6.6k	£48

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-12-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-06
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
1999-04-06
➕
HENEY, James Stewart Mcvicker appointed
secretary
1999-04-06
➕
HENEY, James Stewart Mcvicker appointed
director
1999-04-06
➕
HENEY, Sarah Ann appointed
director
1999-04-06
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1999-04-06
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1999-02-22
🏢
Company incorporated
As GLENCAR ASSOCIATES LIMITED
1999-02-22
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1999-02-22
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

91/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 27 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

Name	Shares	Voting rights	Nature of control	Notified
Mr James Stewart Mcvicker Heney Individual · British · DOB 01/1946 · age 80	25–50%	—	25-50% shares	06/04/2016

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 →

Similar companies

Active · Professional services · EH postcode area

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HMM ACCOUNTING SERVICES LTD→ SC546242 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
HOSICK INDUSTRIES LIMITED→ SC574795 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
HUNTER & SONS LIMITED→ SC507222 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
HXCONSULTANTS EDUCATION LTD→ SC866891 · est 2025 · no financials extracted	—	—	—	—	—	—	—
IBIDEM LIMITED→ SC378978 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
IC PROFESSIONAL SERVICES LTD→ SC809999 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
IDP CONSULTANTS LIMITED→ SC299152 · est 2006 · no financials extracted	—	—	—	—	20y	—	—
II ASPIRE LIMITED→ SC308328 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
ILC THERAPEUTICS LTD→ SC426667 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
ILLUMINE CONSULTING COMPANY LIMITED→ SC253313 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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

Incorporated1999-02-22

Jurisdictionscotland

Primary SIC70229 — Management consultancy activities other than financial management

Registered office

109 Malbet Park

Edinburgh

Midlothian

EH16 6WB

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-02-13

Last: 2026-01-30

Officers (3 active · 2 resigned)

HENEY, James Stewart Mcvicker→

secretary · appointed 1999-04-06

View their other companies + combined net worth →

Active

HENEY, James Stewart Mcvicker→

director · ~80y · appointed 1999-04-06

View their other companies + combined net worth →

Active

HENEY, Sarah Ann→

director · ~63y · appointed 1999-04-06

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1999-02-22 · resigned 1999-04-06

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1999-02-22 · resigned 1999-04-06

Resigned

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