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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£26.1k
book net assets
Opportunity
82/100
Exceptional
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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 24.1y

30/100
under pressure

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

  • · Oldest live charge is 24.1 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
3
filings
  • • 1 accounts
  • • 1 gazette
  • • 1 confirmation-statement
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
————22y8366y
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 · no financials extracted
————20y8166y
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
———20020y8180y
SHIELBRIDGE LIMITED→
SC029862 · est 1954
——£155.8k—72y8179y
THE ABERDEEN AND DISTRICT MOTOR CLUB LTD.→
SC028939 · est 1952
——£8.4k—73y8170y
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