GRENDEL CASTINGS LTD.

💤Zombieactive
SC243242 · ltd · incorporated 2003-01-31
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 Jan 2026
Net worth
£15.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 32409
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (70/100, director aged 62). 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).

Data confidence

Overall: medium (75/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £15,822

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£16k
↑ 1870% YoY
Current Assets
£1k
↓ 51% YoY
Current Liabilities
—
-£894£2k£6k£9k£12k£16kJan 2025Jan 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2026-01-312025-01-31
Total assets£15.8k£-894
Current assets£1.5k£3.0k
Net assets£15.8k£-894

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
5
filings
  • • 2 persons-with-significant-control
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-03-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2026-02-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-02-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-01-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-09-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-09-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2024-05-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-06-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-10-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2003-01-31
    🏢
    Company incorporated
    As GRENDEL CASTINGS LTD.
  17. 2003-01-31
    ➕
    ROBERTSON, Vivienne Ann appointed
    secretary
  18. 2003-01-31
    ➕
    GILLON-FERGUSSON, Robert Chalmers appointed
    director
  19. 2003-01-31
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  20. 2003-01-31
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  21. 2003-01-31
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  22. 2003-01-31
    ➖
    STEPHEN MABBOTT LTD. 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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — 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 62. 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 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Vivienne Ann Robertson
Individual · British · DOB 06/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Robert Chalmers Gillon-Fergusson
Individual · British · DOB 04/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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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
Incorporated2003-01-31
Jurisdictionscotland
Primary SIC32409 — SIC 32409

Registered office

Hallgreen Castle
Inverbervie
Montrose
Angus
DD10 0PE
Scotland

Filing status

Accounts
Next due: 2027-10-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (2 active · 2 resigned)

ROBERTSON, Vivienne Ann→
secretary · appointed 2003-01-31
View their other companies + combined net worth →
Active
GILLON-FERGUSSON, Robert Chalmers→
director · ~62y · appointed 2003-01-31
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-01-31 · resigned 2003-01-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-01-31 · resigned 2003-01-31
Resigned

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

Recent filings (56 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-31