CARRON HOLDINGS LIMITED
💤Zombieactive
SC209016 · ltd · incorporated 2000-07-11
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 Dec 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 25.7y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.7 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (73/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 4 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
103 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Loss-making
Loss before tax £466,818
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 |
|---|---|
| Profit before tax | £-466.8k |
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 (45 events)Click to expand
- 2025-12-03📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-09-30📄accounts-with-accounts-type-groupaccounts · AA
- 2025-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-07-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-06-24📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-06-21📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-04-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-04-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-14🔓Charge satisfied #1
- 2025-04-10📄mortgage-charge-whole-release-with-charge-numbermortgage · MR05
- 2025-04-09📄memorandum-articlesincorporation · MA
- 2025-04-09📄resolutionresolution · RESOLUTIONS
- 2025-04-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-04➕NORFORD, Alexander Darryl appointeddirector
- 2025-04-04➖MILLER, Jane resignedsecretary
- 2025-04-04➖HEWITT, John Peter resigneddirector
- 2025-04-04➖MCMORRINE, David James resigneddirector
- 2025-04-04🔒Charge registered #3Lender: David Mcmorrine (As Security Trustee and Agent for the Secured Parties)
- 2025-04-04🔒Charge registered #2Lender: Shawbrook Bank Limited (Registered Number 00388466) as Lender
- 2024-09-05📄accounts-with-accounts-type-groupaccounts · AA
- 2023-09-05📄accounts-with-accounts-type-groupaccounts · AA
- 2023-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2023-08-07📄change-person-director-company-with-change-dateofficers · CH01
- 2021-06-10➕MILLER, Jane appointedsecretary
- 2021-06-09➖STEEL, Leanne Muir resignedsecretary
- 2019-12-18➖MCMORRINE, David James resignedsecretary
- 2019-12-18➕STEEL, Leanne Muir appointedsecretary
- 2005-08-19➖BAIRD, Lorna resignedsecretary
- 2005-08-19➕MCMORRINE, David James appointedsecretary
- 2005-05-06➕BAIRD, Lorna appointedsecretary
- 2005-05-06➖HAIG, Keith James resignedsecretary
- 2002-09-05➕HAIG, Keith James appointedsecretary
- 2002-09-05➖ARCHIBALD CAMPBELL & HARLEY resignedcorporate-nominee-secretary
- 2000-09-08➖BLACK, Douglas Maclean resignednominee-director
- 2000-09-08➕HEWITT, John Peter appointeddirector
- 2000-09-08➕MCMORRINE, David James appointeddirector
- 2000-09-08🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2000-07-11🏢Company incorporatedAs CARRON HOLDINGS LIMITED
- 2000-07-11➕ARCHIBALD CAMPBELL & HARLEY appointedcorporate-nominee-secretary
- 2000-07-11➕BLACK, Douglas Maclean appointednominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Brand K Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Brand K Ltd
Corporate parent · holds 75-100% shares · board control
⬇
CARRON HOLDINGS LIMITED
This company · SC209016
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Brand K Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 04/04/2025 |
2 historic (ceased) PSCs
- Mr John Peter Hewittceased 04/04/2025· board control · significant influence · trust interest · firm interest
- Mr David James Mcmorrineceased 04/04/2025· board control · significant influence · trust interest · firm interest
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 · Manufacturing · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| NEXUS TECHNOLOGY GROUP UK LIMITED→ SC040330 · est 1964 | £2.59M £2.01M–£3.16M | — | — | 6900 | 62y | 83 | 79y |
| GC GROUP LIMITED→ SC146007 · est 1993 | £955.3k £743.0k–£1.17M | £1.86M | — | 1500 | 32y | 96 | 64y |
| R M REWINDS LTD→ SC497773 · est 2015 | £207.9k £161.7k–£254.1k | £196.9k | — | 200 | 11y | 83 | 68y |
| ABERDEEN BLIND COMPANY LIMITED→ SC130460 · est 1991 | — | — | — | 900 | 35y | 83 | 64y |
| ACADIAN ENGINEERING LIMITED→ SC150669 · est 1994 | — | — | — | 12 | 32y | 83 | 71y |
| E & O LABORATORIES LIMITED→ SC125360 · est 1990 | — | — | £21.13M | — | 35y | 83 | 69y |
| EMBLATION LIMITED→ SC346874 · est 2008 · no financials extracted | — | — | — | — | 17y | 83 | 75y |
| FALKIRK WHISKY DISTILLERY COMPANY LIMITED→ SC332343 · est 2007 | — | — | — | 500 | 18y | 83 | 81y |
| LEGGE STEEL (FABRICATIONS) LIMITED→ SC088016 · est 1984 | — | — | — | 19 | 42y | 83 | 59y |
| LITHIUM SYSTEMS LIMITED→ SC255743 · est 2003 | — | — | — | 1700 | 22y | 83 | 63y |
| PALIMPSEST BOOK PRODUCTION COMPANY LIMITED→ SC153712 · est 1994 | — | — | £432.2k | — | 31y | 83 | 62y |
| RSD COMMUNICATIONS LTD→ SC149501 · est 1994 | — | — | £154.4k | — | 32y | 83 | 61y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2000-07-11
Jurisdictionscotland
Primary SIC22290 — SIC 22290
Registered office
North Carron Works, Stenhouse
Road, Carron
Falkirk
Stirlingshire
FK2 8UW
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05
Officers (1 active · 9 resigned)
NORFORD, Alexander Darryl→
Activedirector · ~48y · appointed 2025-04-04
View their other companies + combined net worth →
BAIRD, Lorna→
Resignedsecretary · appointed 2005-05-06 · resigned 2005-08-19
HAIG, Keith James→
Resignedsecretary · appointed 2002-09-05 · resigned 2005-05-06
MCMORRINE, David James→
Resignedsecretary · appointed 2005-08-19 · resigned 2019-12-18
MILLER, Jane→
Resignedsecretary · appointed 2021-06-10 · resigned 2025-04-04
STEEL, Leanne Muir→
Resignedsecretary · appointed 2019-12-18 · resigned 2021-06-09
ARCHIBALD CAMPBELL & HARLEY→
Resignedcorporate-nominee-secretary · appointed 2000-07-11 · resigned 2002-09-05
BLACK, Douglas Maclean→
Resignednominee-director · ~67y · appointed 2000-07-11 · resigned 2000-09-08
HEWITT, John Peter→
Resigneddirector · ~80y · appointed 2000-09-08 · resigned 2025-04-04
MCMORRINE, David James→
Resigneddirector · ~72y · appointed 2000-09-08 · resigned 2025-04-04
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | David Mcmorrine (As Security Trustee and Agent for the Secured Parties) | A registered charge | 1 property | 04/04/2025 | — | |
| outstanding | Shawbrook Shawbrook Bank Limited (Registered Number 00388466) as Lender | A registered charge | 1 property | 04/04/2025 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 08/09/2000 | 14/04/2025 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (103 total)
change-account-reference-date-company-current-extended
accounts · AA01
2025-12-03
accounts-with-accounts-type-group
accounts · AA
2025-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-07-09
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-06-24
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-06-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-23
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-17
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-14
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2025-04-10
memorandum-articles
incorporation · MA
2025-04-09
resolution
resolution · RESOLUTIONS
2025-04-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-09
termination-director-company-with-name-termination-date
officers · TM01
2025-04-09