GLENCAIRN CRYSTAL STUDIO LIMITED

🌳Matureactive
SC195939 · ltd · incorporated 1999-05-04
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
£10.45M
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 23190
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 79-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 25.8y

15/100
under pressure

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

  • · Oldest live charge is 25.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £10,445,996
Cash draining
Cash down 65% YoY
Cash YoY
-65%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.5m
↓ 65% YoY
Net Worth
£10m
↑ 22% YoY
Current Assets
£12m
↑ 5.2% YoY
Current Liabilities
—
£0£2.4m£4.7m£7.1m£9.5m£12mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£10.56M£8.55M
Current assets£11.87M£11.28M
Cash£1.48M£4.20M
Debtors£3.40M£2.43M
Net assets£10.45M£8.55M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 signals 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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2026-01-22
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  3. 2023-10-13
    📄
    accounts-with-accounts-type-group
    accounts · AA
  4. 2023-06-16
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2023-06-16
    🔓
    Charge satisfied #6
  6. 2023-01-25
    📄
    accounts-with-accounts-type-group
    accounts · AA
  7. 2022-12-02
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2022-12-02
    🔓
    Charge satisfied #4
  9. 2021-11-04
    📄
    accounts-with-accounts-type-group
    accounts · AA
  10. 2021-04-26
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2020-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  12. 2020-05-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-10-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-11-30
    📄
    capital-return-purchase-own-shares
    capital · SH03
  17. 2016-11-15
    📄
    capital-cancellation-shares
    capital · SH06
  18. 2016-07-01
    ➖
    DAVIDSON, Andrew James Mcgregor resigned
    director
  19. 2013-10-30
    🔓
    Charge satisfied #5
  20. 2013-09-05
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  21. 2011-05-05
    ➕
    DAVIDSON, Paul John appointed
    director
  22. 2011-05-05
    ➕
    DAVIDSON, Scott Allan appointed
    director
  23. 2011-05-05
    ➕
    DAVIDSON, Andrew James Mcgregor appointed
    director
  24. 2009-05-11
    🔓
    Charge satisfied #2
  25. 2007-10-17
    🔒
    Charge registered #5
    Lender: Rbs Invoice Finance Limited
  26. 2004-03-17
    🔓
    Charge satisfied #3
  27. 2004-02-05
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  28. 2001-08-15
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  29. 2000-06-30
    🔒
    Charge registered #2
    Lender: Gaelic Factoring Services Limited
  30. 1999-05-04
    🏢
    Company incorporated
    As GLENCAIRN CRYSTAL STUDIO LIMITED
  31. 1999-05-04
    ➕
    DAVIDSON, Scott Allan appointed
    secretary
  32. 1999-05-04
    ➕
    DAVIDSON, Raymond appointed
    director
  33. 1999-05-04
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 1999-05-04
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 79 years old. Natural succession window is now.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Raymond Davidson
Individual · British · DOB 04/1947 · age 79
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Paul John Davidson
Individual · British · DOB 04/1968 · age 58
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Scott Allan Davidson
Individual · British · DOB 12/1971 · age 55
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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
Incorporated1999-05-04
Jurisdictionscotland
Primary SIC23190 — SIC 23190

Registered office

29 Brandon Street
Hamilton
South Lanarkshire
ML3 6DA

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-10-15
Last: 2025-10-01

Officers (4 active · 2 resigned)

DAVIDSON, Scott Allan→
secretary · appointed 1999-05-04
View their other companies + combined net worth →
Active
DAVIDSON, Paul John→
director · ~58y · appointed 2011-05-05
View their other companies + combined net worth →
Active
DAVIDSON, Raymond→
director · ~79y · appointed 1999-05-04
View their other companies + combined net worth →
Active
DAVIDSON, Scott Allan→
director · ~55y · appointed 2011-05-05
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-05-04 · resigned 1999-05-04
Resigned
DAVIDSON, Andrew James Mcgregor→
director · ~42y · appointed 2011-05-05 · resigned 2016-07-01
Resigned

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

Mortgages & charges

5
Total charges
0
Outstanding
0
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property05/09/201316/06/2023
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property17/10/200730/10/2013
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property05/02/200402/12/2022
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property15/08/200117/03/2004
satisfied
Gaelic Factoring Services
Gaelic Factoring Services Limited
Bond & floating charge1 property30/06/200011/05/2009

Recent filings (86 total)

accounts-with-accounts-type-group
accounts · AA
2026-01-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-group
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-group
accounts · AA
2023-10-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-group
accounts · AA
2023-01-25
mortgage-satisfy-charge-full
mortgage · MR04
2022-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-04
accounts-with-accounts-type-group
accounts · AA
2021-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-07
accounts-with-accounts-type-group
accounts · AA
2021-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-06