D M ASSOCIATES (SCOTLAND) LTD.

💤Zombieactive
SC229281 · ltd · incorporated 2002-03-18
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 Mar 2025
Net worth
£26.0k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Architectural activities
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 71122Engineering related scientific and technical consulting activities
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (2 active, 6 linked, 2 with DOB)
77
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £26,032

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£26k
Current Assets
£68k
Current Liabilities
—
£0£14k£27k£41k£54k£68kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£35.2k—
Current assets£67.7k—
Net assets£26.0k—
Average employees—200

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 (30 events)Click to expand
  1. 2025-10-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2025-10-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-06-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-10-17
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  5. 2023-10-17
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2023-10-04
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2023-10-04
    📄
    memorandum-articles
    incorporation · MA
  8. 2023-10-04
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2023-10-03
    📄
    capital-allotment-shares
    capital · SH01
  10. 2023-09-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2023-09-06
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  12. 2023-09-05
    ➕
    PENDER, Diane appointed
    secretary
  13. 2022-09-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-09-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-09-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-06-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2021-06-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-12-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-12-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2020-12-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  21. 2020-11-30
    ➖
    MARSHALL, Irene Jean Geddes resigned
    secretary
  22. 2020-11-30
    ➖
    MARSHALL, William Duncan resigned
    director
  23. 2007-03-23
    ➕
    MARSHALL, Kenneth Peter appointed
    director
  24. 2002-03-18
    🏢
    Company incorporated
    As D M ASSOCIATES (SCOTLAND) LTD.
  25. 2002-03-18
    ➕
    MARSHALL, Irene Jean Geddes appointed
    secretary
  26. 2002-03-18
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2002-03-18
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2002-03-18
    ➕
    MARSHALL, William Duncan appointed
    director
  29. 2002-03-18
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-nominee-director
  30. 2002-03-18
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

85/100
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 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

58/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • 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 Peter Marshall
Individual · British · DOB 04/1976 · age 50
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
2 historic (ceased) PSCs
  • Mrs Irene Jean Geddes Marshallceased 30/11/2020· 25-50% shares · 25-50% voting
  • Mr William Duncan Marshallceased 30/11/2020· 25-50% shares · 25-50% voting

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 →

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MOULSDALE INVESTMENTS LIMITED→
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£117.51M
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——11810011y8372y
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£20.62M
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——54028y8584y
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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
Incorporated2002-03-18
Jurisdictionscotland
Primary SIC71111 — Architectural activities

Registered office

167 Whitehill Street
Dennistoun
Glasgow
G31 2LS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (2 active · 4 resigned)

PENDER, Diane→
secretary · appointed 2023-09-05
View their other companies + combined net worth →
Active
MARSHALL, Kenneth Peter→
director · ~50y · appointed 2007-03-23
View their other companies + combined net worth →
Active
MARSHALL, Irene Jean Geddes→
secretary · appointed 2002-03-18 · resigned 2020-11-30
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-03-18 · resigned 2002-03-18
Resigned
MARSHALL, William Duncan→
director · ~81y · appointed 2002-03-18 · resigned 2020-11-30
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-nominee-director · appointed 2002-03-18 · resigned 2002-03-18
Resigned

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

Recent filings (90 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-19
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-11
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-18
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-10-17
capital-name-of-class-of-shares
capital · SH08
2023-10-17
resolution
resolution · RESOLUTIONS
2023-10-04
memorandum-articles
incorporation · MA
2023-10-04
resolution
resolution · RESOLUTIONS
2023-10-04
capital-allotment-shares
capital · SH01
2023-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-18
appoint-person-secretary-company-with-name-date
officers · AP03
2023-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20