GLENISLA KILTS LIMITED

🌳Matureactive

SC217626 · ltd · incorporated 2001-03-30

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 Jun 2025

Net worth

£63.7k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 14190

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -46% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 23.1y

45/100

under pressure

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

· Oldest live charge is 23.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

11 officers (5 active, 11 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

77 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £63,711

Net assets shrinking

Down £128,285 YoY

Cash draining

Cash down 46% YoY

Cash YoY

-46%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£176k

↓ 46% YoY

Net Worth

£64k

↓ 67% YoY

Current Assets

£446k

↓ 27% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£95.5k	£267.2k
Current assets	£445.6k	£610.8k
Cash	£175.7k	£326.7k
Debtors	£236.4k	£263.7k
Net assets	£63.7k	£192.0k

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

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2026-01-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-12-11
➕
RICHMOND, Mary appointed
director
2025-12-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-08-26
➖
RICHMOND, Mary resigned
director
2024-11-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-08-03
📄
change-person-director-company-with-change-date
officers · CH01
2020-08-03
📄
change-person-director-company-with-change-date
officers · CH01
2020-08-03
📄
change-person-director-company-with-change-date
officers · CH01
2020-06-18
➕
RICHMOND, Mary appointed
director
2019-09-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-10-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-11-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-09-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2017-09-01
➖
REID, Mary resigned
director
2009-03-03
➕
CULBERT, John appointed
secretary
2009-03-03
➖
FLEMING, Margaret Ann resigned
secretary
2006-01-09
➕
GILMOUR, Robert Scott appointed
director
2003-11-02
➕
FEENEY, Thomas appointed
director
2003-03-27
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2001-06-06
➕
FLEMING, Margaret Ann appointed
secretary
2001-04-06
➕
CULBERT, John appointed
director
2001-04-06
➕
REID, Mary appointed
director
2001-03-30
🏢
Company incorporated
As GLENISLA KILTS LIMITED
2001-03-30
➕
PETER TRAINER COMPANY SECRETARIES LTD. appointed
corporate-nominee-secretary
2001-03-30
➖
PETER TRAINER COMPANY SECRETARIES LTD. resigned
corporate-nominee-secretary
2001-03-30
➕
PETER TRAINER COMPANY SECRETARIES LTD. appointed
corporate-nominee-director
2001-03-30
➖
PETER TRAINER COMPANY SECRETARIES LTD. resigned
corporate-nominee-director
2001-03-30
➕
PETER TRAINER COMPANY SERVICES LTD. appointed
corporate-nominee-director
2001-03-30
➖
PETER TRAINER COMPANY SERVICES LTD. resigned
corporate-nominee-director

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.

Succession & seller-readiness

80/100

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 74 years old. Natural succession window is now.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr John Culbert Individual · British · DOB 05/1952 · age 74	50–75%	—	50-75% shares	06/04/2016

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

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BSB STRUCTURAL LTD.→ SC277667 · est 2004	£13.76M £10.70M–£16.82M	£20.18M	—	7300	21y	85	65y
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BRYSON TRACTORS LIMITED→ SC235088 · est 2002	£949.1k £738.2k–£1.16M	—	—	41	23y	87	62y
BROWN MCFARLANE PRECISION ENGINEERING LIMITED→ SC652564 · est 2020	£882.0k £686.0k–£1.08M	—	—	6	6y	83	60y
PARKBURN PRECISION HANDLING SYSTEMS LIMITED→ SC158127 · est 1995	£570.0k £443.3k–£696.7k	—	—	68	30y	85	69y
CONSARC ENGINEERING LIMITED→ SC019918 · est 1937 · no financials extracted	—	—	—	—	88y	83	79y
CRANE MAINTAIN LTD→ SC317952 · est 2007	—	—	£766.5k	—	19y	83	59y
HUGH LOGAN PLANT & ENGINEERING SERVICES LIMITED→ SC060061 · est 1976 · no financials extracted	—	—	—	—	49y	83	59y
JAMES COWIE & CO. LIMITED→ SC039171 · est 1963 · no financials extracted	—	—	—	—	62y	83	59y
LANARKSHIRE WELDING COMPANY LIMITED→ SC023232 · est 1945	—	—	£1.45M	—	81y	83	81y

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

Incorporated2001-03-30

Jurisdictionscotland

Primary SIC14190 — SIC 14190

Registered office

Braidhurst Industrial Estate

Motherwell

Lanarkshire

ML1 3ST

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-04-13

Last: 2026-03-30

Officers (5 active · 6 resigned)

CULBERT, John→

secretary · appointed 2009-03-03

View their other companies + combined net worth →

Active

CULBERT, John→

director · ~74y · appointed 2001-04-06

View their other companies + combined net worth →

Active

FEENEY, Thomas→

director · ~52y · appointed 2003-11-02

View their other companies + combined net worth →

Active

GILMOUR, Robert Scott→

director · ~65y · appointed 2006-01-09

View their other companies + combined net worth →

Active

RICHMOND, Mary→

director · ~57y · appointed 2025-12-11

View their other companies + combined net worth →

Active

FLEMING, Margaret Ann→

secretary · appointed 2001-06-06 · resigned 2009-03-03

Resigned

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-nominee-secretary · appointed 2001-03-30 · resigned 2001-03-30

Resigned

REID, Mary→

director · ~79y · appointed 2001-04-06 · resigned 2017-09-01

Resigned

RICHMOND, Mary→

director · ~57y · appointed 2020-06-18 · resigned 2025-08-26

Resigned

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-nominee-director · appointed 2001-03-30 · resigned 2001-03-30

Resigned

PETER TRAINER COMPANY SERVICES LTD.→

corporate-nominee-director · appointed 2001-03-30 · resigned 2001-03-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	27/03/2003	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (77 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-08

appoint-person-director-company-with-name-date

officers · AP01

2026-01-20

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-12-10

termination-director-company-with-name-termination-date

officers · TM01

2025-08-27

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-11-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-09

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-10-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-30

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-04-21

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-09-09

appoint-person-director-company-with-name-date

officers · AP01

2020-08-03