GSLP XX LIMITED

💤Zombieactive

SC221389 · ltd · incorporated 2001-07-19

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 Jul 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 85-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 85). 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).

🏦

Refinance opportunity

1 live charge · oldest 23.4y

45/100

under pressure

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

· Oldest live charge is 23.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

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

Director network

10 connected companies via shared directors

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-07-31	2024-07-31
Average employees	1	100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-04-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-08-06
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-28
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-04-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-04-07
🔓
Charge satisfied #1
2002-11-28
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2001-07-19
🏢
Company incorporated
As GSLP XX LIMITED
2001-07-19
➕
STEWART, Tracey appointed
secretary
2001-07-19
➕
KENNEDY, Allan appointed
director
2001-07-19
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2001-07-19
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2001-07-19
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director
2001-07-19
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Founder age: Director aged approximately 85 — succession pressure is live.

Succession & seller-readiness

100/100

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 85 years old. Natural succession window is now.
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 25 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Allan Kennedy Individual · British · DOB 05/1941 · age 85	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	19/07/2016

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 · Trade services · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
IED TRAINING SOLUTIONS LIMITED→ SC508806 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
IKRAM ENGINEERING SERVICES LTD→ SC433838 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
INFINITY GARDENS LTD.→ SC607977 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
J FERGUSON PIPEFITTING LIMITED→ SC508593 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
J M WATSON LIMITED→ SC272178 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
J STEEL SERVICES LTD→ SC572951 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
J&L PROPERTY CONSULTANTS LTD→ SC671716 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
JACKIE'S COMMERCIAL CLEANERS LTD→ SC597394 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
JAGGY THISTLE TRANSPORT LIMITED→ SC538297 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
JDM DESIGNS FORFAR LTD→ SC701899 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
JEN HENDERSON LIMITED→ SC467616 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
JETKLEEN LTD→ SC851755 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

Incorporated2001-07-19

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Kirkton Enterprise Centre

Kirkton Industrial Estate

Sir William Smith Road

Arbroath, Angus

DD11 3RD

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-08-02

Last: 2025-07-19

Officers (2 active · 2 resigned)

STEWART, Tracey→

secretary · appointed 2001-07-19

View their other companies + combined net worth →

Active

KENNEDY, Allan→

director · ~85y · appointed 2001-07-19

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2001-07-19 · resigned 2001-07-19

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 2001-07-19 · resigned 2001-07-19

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
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	28/11/2002	07/04/2014