PROGRESSION SKI AND SNOWBOARD SCHOOL LIMITED

💤Zombieactive
SC224277 · ltd · incorporated 2001-10-16
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 Jun 2025
Net worth
£26.1k
book net assets
Opportunity
82/100
Exceptional
🔔
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: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (80/100, director aged 58). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 24.2y

30/100
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.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (71/100)

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
5 officers (1 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
80 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £26,111

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2k
Net Worth
£26k
Current Assets
£67k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-30
Total assets£33.0k
Current assets£66.5k
Cash£2.3k
Debtors£64.2k
Net assets£26.1k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
4
filings
  • • 2 gazette
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-02-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-01-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-03-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-03-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-09
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  8. 2024-01-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2023-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2018-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-03-31
    ➖
    SMITH, George Kenneth resigned
    secretary
  17. 2006-12-01
    🔓
    Charge satisfied #3
  18. 2006-11-01
    ➖
    SMITH, George Kenneth resigned
    director
  19. 2003-09-02
    🔓
    Charge satisfied #1
  20. 2003-08-19
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  21. 2003-04-30
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  22. 2002-04-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2001-10-16
    🏢
    Company incorporated
    As PROGRESSION SKI AND SNOWBOARD SCHOOL LIMITED
  24. 2001-10-16
    ➕
    SMITH, Kenneth Donald appointed
    director
  25. 2001-10-16
    ➕
    SMITH, George Kenneth appointed
    secretary
  26. 2001-10-16
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  27. 2001-10-16
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2001-10-16
    ➕
    SMITH, George Kenneth appointed
    director
  29. 2001-10-16
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  30. 2001-10-16
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-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

85/100
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 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%
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Donald Smith
Individual · Scottish · DOB 07/1968 · age 58
75–100%
—75-100% shares06/04/2016

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 · Leisure & entertainment · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DUNDEE GYMNASTICS CLUB 2K→
SC250221 · est 2003 · no financials extracted
————23y8366y
RAMSAY WORLD TRAVEL LIMITED→
SC089749 · est 1984
——£11.09M—41y8270y
750 MOTOR CLUB (SCOTLAND) LIMITED→
SC047170 · est 1970
——£2.6k—56y8168y
ANGUS RIDING FOR THE DISABLED→
SC289513 · est 2005
———30020y8166y
ART ANGEL (SCOTLAND) LIMITED→
SC363616 · est 2009 · no financials extracted
————16y8179y
ARTS AND COMMUNITIES ASSOCIATION→
SC241593 · est 2002
——£180—23y8172y
AULD KIRK CHARITABLE TRUST→
SC305621 · est 2006 · no financials extracted
————19y8178y
ELIE HARBOUR TRUST LIMITED→
SC057287 · est 1975 · no financials extracted
————51y8179y
ROYAL BURGH OF INVERBERVIE COMMUNITY CARAVAN PARK LTD.→
SC285489 · est 2005
———20021y8180y
SHIELBRIDGE LIMITED→
SC029862 · est 1954
——£155.8k—72y8179y
THE ABERDEEN AND DISTRICT MOTOR CLUB LTD.→
SC028939 · est 1952
——£8.4k—74y8170y
THE DUNDEE & PERTH POLO CLUB LIMITED→
SC281022 · est 2005 · no financials extracted
————21y8180y
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
Incorporated2001-10-16
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

5b Queens Close
Montrose
Angus
DD10 8FR

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-10-30
Last: 2025-10-16

Officers (1 active · 4 resigned)

SMITH, Kenneth Donald→
director · ~58y · appointed 2001-10-16
View their other companies + combined net worth →
Active
SMITH, George Kenneth→
secretary · appointed 2001-10-16 · resigned 2013-03-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2001-10-16 · resigned 2001-10-16
Resigned
SMITH, George Kenneth→
director · ~86y · appointed 2001-10-16 · resigned 2006-11-01
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2001-10-16 · resigned 2001-10-16
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property19/08/200301/12/2006
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/04/2003—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/04/200202/09/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (80 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2026-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
gazette-notice-compulsory
gazette · GAZ1
2026-01-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-31
gazette-filings-brought-up-to-date
gazette · DISS40
2024-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-28
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-02-09
gazette-notice-compulsory
gazette · GAZ1
2024-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-03