GLASSTRIP LIMITED

💤Zombieactive
SC204199 · ltd · incorporated 2000-02-23
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 Nov 2024
Net worth
£-314.6k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 83). 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).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £314,581
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£24k
~ YoY
Net Worth
-£315k
~ YoY
Current Assets
—
Current Liabilities
—
-£315k-£247k-£179k-£112k-£44k£24kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£-314.6k£-314.6k
Cash£23.6k£23.6k
Net assets£-314.6k£-314.6k

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 persons-with-significant-control
Last 90 days
4
filings
  • • 2 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 officers
  • • 1 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-06-25
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-04-16
    ➕
    MABBS, David Leonard appointed
    director
  3. 2026-04-16
    ➖
    MABBS, Jennifer Jill resigned
    director
  4. 2026-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2026-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-08-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2024-08-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2023-08-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2022-08-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2021-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-05-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2017-08-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-08-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2008-04-07
    ➕
    FARRIES KIRK & MCVEAN, Messrs appointed
    secretary
  18. 2008-04-07
    ➖
    GILLESPIE GIFFORD & BROWN resigned
    corporate-secretary
  19. 2000-03-09
    ➕
    GILLESPIE GIFFORD & BROWN appointed
    corporate-secretary
  20. 2000-03-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  21. 2000-03-09
    ➕
    MABBS, Jennifer Jill appointed
    director
  22. 2000-03-09
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  23. 2000-02-23
    🏢
    Company incorporated
    As GLASSTRIP LIMITED
  24. 2000-02-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2000-02-23
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

90/100
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.
  • +Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

75/100
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 83 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Mabbs
Individual · British · DOB 04/1943 · age 83
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Rockingham Investments Limitedceased 29/05/2018· 75-100% shares · 75-100% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Hospitality · DG postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BORDER CARAVANS LIMITED→
SC245575 · est 2003
——£3.16M—23y8378y
MOUSWALD PARK LIMITED→
SC325398 · est 2007
——£545.0k—19y8378y
BARNCROSH LEISURE COMPANY LIMITED→
SC060878 · est 1976
——£349.0k—49y8267y
HILLRIGG LIMITED→
SC331787 · est 2007
———150018y8278y
KINGS ARMS HOTEL LIMITED→
SC146537 · est 1993
——£11.9k—32y8272y
MACDONALD THORNTON LIMITED→
SC291749 · est 2005
——£534.3k—20y8263y
REDBURN HOUSE LIMITED→
SC224730 · est 2001
———30024y8269y
RGKMS LIMITED→
SC261738 · est 2004
———420022y8277y
ROKEST LIMITED→
SC387998 · est 2010
———2115y8278y
THE LAURIE ARMS LIMITED→
SC301364 · est 2006
——£166.4k—20y8266y
EWES WATER CARAVAN & CAMPING PARK COMPANY LIMITED→
SC162567 · est 1996
——£35.9k—30y8179y
BAREND BAR AND RESTAURANT LIMITED→
SC392143 · est 2011
——£27.9k—15y8065y
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
Incorporated2000-02-23
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

Farries Kirk & Mcvean Dumfries Enterprise Park
Heathhall
Dumfries
DG1 3SJ

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2027-05-11
Last: 2026-04-27

Officers (2 active · 4 resigned)

FARRIES KIRK & MCVEAN, Messrs→
secretary · appointed 2008-04-07
View their other companies + combined net worth →
Active
MABBS, David Leonard→
director · ~83y · appointed 2026-04-16
View their other companies + combined net worth →
Active
GILLESPIE GIFFORD & BROWN→
corporate-secretary · appointed 2000-03-09 · resigned 2008-04-07
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-02-23 · resigned 2000-03-09
Resigned
MABBS, Jennifer Jill→
director · ~76y · appointed 2000-03-09 · resigned 2026-04-16
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2000-02-23 · resigned 2000-03-09
Resigned

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

Recent filings (68 total)

change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-01
termination-director-company-with-name-termination-date
officers · TM01
2026-04-16
appoint-person-director-company-with-name-date
officers · AP01
2026-04-16
accounts-with-accounts-type-dormant
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-dormant
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-dormant
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-dormant
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-28