THE WRITE IMAGE (SCOTLAND) LIMITED

💤Zombieactive
SC212364 · ltd · incorporated 2000-10-27
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
—
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Turnover
—
year to Dec 2022
Net worth
£137.3k
book net assets
Opportunity
63/100
Worth a look
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What this business does
Primary activity: Artistic creation
Sector: Arts, entertainment & recreation
Investor take
Special-situation opportunity
Distressed leisure with salvageable qualities — special-situations priority.

Opportunity 63/100 (worth a look), bankability 50/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 24.2y

45/100
under pressure

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

  • · Oldest live charge is 24.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £137,252
Cash YoY
+15%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£45k
↑ 15% YoY
Net Worth
£137k
↑ 63% YoY
Current Assets
£418k
↑ 28% YoY
Current Liabilities
—
£0£84k£167k£251k£334k£418kDec 2021Dec 2022

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2022-12-312021-12-31
Total assets£167.9k£125.1k
Current assets£417.5k£325.8k
Cash£45.3k£39.4k
Debtors£366.4k£280.2k
Net assets£137.3k£84.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2024-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2023-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2022-11-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2020-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2018-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2017-10-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2016-09-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  9. 2015-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2015-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2014-12-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2014-09-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2013-12-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2013-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2012-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2012-12-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2002-10-29
    ➕
    DAVIDSON, Alison appointed
    secretary
  19. 2002-10-29
    ➖
    DAVIDSON, Marshal James resigned
    secretary
  20. 2002-10-29
    ➖
    SWANSTON, Paul Christian resigned
    director
  21. 2002-02-18
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  22. 2000-12-08
    ➕
    DAVIDSON, Marshal James appointed
    director
  23. 2000-12-08
    ➕
    DAVIDSON, Marshal James appointed
    secretary
  24. 2000-12-08
    ➖
    STRONACHS resigned
    corporate-nominee-secretary
  25. 2000-12-08
    ➖
    RENNIE, David Alan resigned
    director
  26. 2000-12-08
    ➕
    SWANSTON, Paul Christian appointed
    director
  27. 2000-10-27
    🏢
    Company incorporated
    As THE WRITE IMAGE (SCOTLAND) LIMITED
  28. 2000-10-27
    ➕
    STRONACHS appointed
    corporate-nominee-secretary
  29. 2000-10-27
    ➕
    RENNIE, David Alan appointed
    director

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

80/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2024-09-30

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2024-12-29

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Marshal James Davidson
Individual · British · DOB 10/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Alison Davidson
Individual · British · DOB 12/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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£7.30M—2040082y8780y
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————28y8379y
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——£625.3k—21y8371y
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————1y——
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———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

10 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
Incorporated2000-10-27
Jurisdictionscotland
Primary SIC90030 — Artistic creation

Registered office

9 Henderson Circle
Peterhead
Aberdeenshire
AB42 2UG

Filing status

Accounts
Next due: 2024-09-30OVERDUE
Last made up to: 2022-12-31
Confirmation statement
Next due: 2024-12-29OVERDUE
Last: 2023-12-15

Officers (2 active · 4 resigned)

DAVIDSON, Alison→
secretary · appointed 2002-10-29
View their other companies + combined net worth →
Active
DAVIDSON, Marshal James→
director · ~58y · appointed 2000-12-08
View their other companies + combined net worth →
Active
DAVIDSON, Marshal James→
secretary · appointed 2000-12-08 · resigned 2002-10-29
Resigned
STRONACHS→
corporate-nominee-secretary · appointed 2000-10-27 · resigned 2000-12-08
Resigned
RENNIE, David Alan→
director · ~73y · appointed 2000-10-27 · resigned 2000-12-08
Resigned
SWANSTON, Paul Christian→
director · ~58y · appointed 2000-12-08 · resigned 2002-10-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property18/02/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-13
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-12-16
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2019-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2017-12-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2016-12-16