ELGINCROFT LIMITED
💤Zombieactive
SC244295 · ltd · incorporated 2003-02-20
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 Feb 2025
Net worth
£-70.4k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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
2 live charges · oldest 17.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
65 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 102Negative net assets
Liabilities exceed assets by £70,425
Very low cash
Cash position: £2
Cash YoY
+0%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£2
~ YoY
Net Worth
-£70k
~ YoY
Current Assets
£2
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £678.6k | £678.6k |
| Current assets | £2 | — |
| Cash | £2 | £2 |
| Net assets | £-70.4k | £-70.4k |
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
2
filings
- • 1 confirmation-statement
- • 1 accounts
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2026-02-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-05-20📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-05-13📄gazette-notice-compulsorygazette · GAZ1
- 2025-04-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-08-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-11-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-10-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-07-23🔒Charge registered #2Lender: Royal Bank of Scotland PLC
- 2008-06-23🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2003-03-07➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2003-03-07➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
- 2003-03-01➕HUSSAIN, Yousaf Ali appointedsecretary
- 2003-03-01➕HUSSAIN, Amin appointeddirector
- 2003-02-20🏢Company incorporatedAs ELGINCROFT LIMITED
- 2003-02-20➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2003-02-20➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe 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.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
100/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 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 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
cleanNo 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 Amin Hussain Individual · British · DOB 04/1956 · age 70 | 75–100% | — | 75-100% shares | 01/02/2017 |
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
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|---|---|---|---|---|---|---|---|
| DRUMCHAPEL ARTS WORKSHOP→ SC345346 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| DUNLOP MILLENNIUM WOODLAND NATURE PARK→ SC197819 · est 1999 · no financials extracted | — | — | — | — | 26y | — | — |
| E PERCIVAL & SONS LTD→ SC869242 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| EAST KILBRIDE THISTLE JUNIOR FOOTBALL CLUB LIMITED→ SC440525 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| EAST RENFREWSHIRE CULTURE & LEISURE LIMITED→ SC486489 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| EAST WEST FITNESS + NUTRITION LTD→ SC835579 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| EASTERHOUSE PHOENIX DEVELOPMENT LIMITED→ SC375467 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| ECOSSE VOYAGE LTD→ SC841269 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| EDINBURGH LIFESTYLE LTD→ SC588863 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ELATION FITNESS HEADQUARTERS LTD→ SC828971 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ELITE SPORT SYSTEMS LTD→ SC534219 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ELLEN MONTGOMERY COACHING LTD→ SC827743 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2003-02-20
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.
Registered office
55 Drumry Road
Clydebank
G81 2LL
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20
Officers (2 active · 2 resigned)
HUSSAIN, Yousaf Ali→
Activesecretary · appointed 2003-03-01
View their other companies + combined net worth →
HUSSAIN, Amin→
Activedirector · ~70y · appointed 2003-03-01
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-02-20 · resigned 2003-03-07
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2003-02-20 · resigned 2003-03-07
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Standard security | 1 property | 23/07/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 23/06/2008 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (65 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-17
accounts-with-accounts-type-dormant
accounts · AA
2026-02-27
gazette-filings-brought-up-to-date
gazette · DISS40
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
gazette-notice-compulsory
gazette · GAZ1
2025-05-13
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-11-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-27