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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-314.6k
book net assets
Opportunity
78/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
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
66 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
2
filings
  • • 2 officers
Last 90 days
2
filings
  • • 2 officers
Last 180 days
2
filings
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-04-16
    ➕
    MABBS, David Leonard appointed
    director
  2. 2026-04-16
    ➖
    MABBS, Jennifer Jill resigned
    director
  3. 2026-04-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2026-04-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-08-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-08-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-08-25
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-08-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2021-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2017-08-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-08-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-03-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-08-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2008-04-07
    ➕
    FARRIES KIRK & MCVEAN, Messrs appointed
    secretary
  19. 2008-04-07
    ➖
    GILLESPIE GIFFORD & BROWN resigned
    corporate-secretary
  20. 2000-03-09
    ➕
    GILLESPIE GIFFORD & BROWN appointed
    corporate-secretary
  21. 2000-03-09
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  22. 2000-03-09
    ➕
    MABBS, Jennifer Jill appointed
    director
  23. 2000-03-09
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  24. 2000-02-23
    🏢
    Company incorporated
    As GLASSTRIP LIMITED
  25. 2000-02-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 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
NameSharesVoting rightsNature of controlNotified
Mr David Mabbs
Individual · British · DOB 04/1943 · age 83
——sig. influencesignificant influence · firm interest06/04/2016
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
GLENISLE INN LTD→
16599999 · est 2025 · no financials extracted
———————
GLW ENTERPRISES LIMITED→
SC647846 · est 2019 · no financials extracted
————6y——
JOMUNA SPICE LTD→
SC869168 · est 2025 · no financials extracted
———————
LOGAN’S CH LTD→
SC880180 · est 2026 · no financials extracted
———————
MASONIC ARMS LIMITED→
SC442239 · est 2013 · no financials extracted
————13y——
MILLAR RESORT LTD→
SC735731 · est 2022 · no financials extracted
————3y——
MILLAR’S L’ATELIER DU VIN LTD→
SC811224 · est 2024 · no financials extracted
————1y——
MLP80085 LTD→
SC799969 · est 2024 · no financials extracted
————2y——
MOATWELL LEISURE LTD→
SC863148 · est 2025 · no financials extracted
———————
MOCORAM LIMITED→
SC854495 · est 2025 · no financials extracted
———————
MOFFAT GOLF CLUBHOUSE LTD→
SC751762 · est 2022 · no financials extracted
————3y——
MOFFAT HOTEL GROUP LTD→
SC801524 · est 2024 · no financials extracted
————2y——
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: 2026-05-11
Last: 2025-04-27

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 (66 total)

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
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-04