ICR SCOTLAND LIMITED

💤Zombieactive
SC248710 · ltd · incorporated 2003-05-01
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 Mar 2025
Net worth
£104.3k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 20.2y

45/100
under pressure

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

  • · Oldest live charge is 20.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £104,299
Net assets shrinking
Down £15,584 YoY
Cash YoY
-3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£101k
↓ 2.9% YoY
Net Worth
£104k
↓ 13% YoY
Current Assets
£147k
~ YoY
Current Liabilities
—
£0£29k£59k£88k£118k£147kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£106.8k£126.3k
Current assets£147.0k£146.7k
Cash£100.6k£103.5k
Debtors£40.8k£37.5k
Net assets£104.3k£119.9k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2025-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-04
    ➖
    PETERKINS, SOLICITORS resigned
    corporate-nominee-secretary
  3. 2024-12-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  4. 2024-12-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-12-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2024-12-04
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-09-26
    📄
    capital-cancellation-shares
    capital · SH06
  8. 2024-09-24
    📄
    capital-return-purchase-own-shares
    capital · SH03
  9. 2024-09-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2024-09-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2024-08-12
    ➖
    DEVINE, Stuart resigned
    director
  12. 2024-08-12
    ➖
    LOW, John resigned
    director
  13. 2024-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2023-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-08-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2022-08-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-12-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  19. 2021-03-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2020-01-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2006-03-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2003-06-19
    ➕
    MONTGOMERY, Iain appointed
    director
  23. 2003-06-19
    ➕
    DEVINE, Stuart appointed
    director
  24. 2003-06-19
    ➕
    LOW, John appointed
    director
  25. 2003-06-19
    ➖
    PETERKINS SERVICES LIMITED resigned
    corporate-nominee-director
  26. 2003-05-01
    🏢
    Company incorporated
    As ICR SCOTLAND LIMITED
  27. 2003-05-01
    ➕
    PETERKINS, SOLICITORS appointed
    corporate-nominee-secretary
  28. 2003-05-01
    ➕
    PETERKINS SERVICES LIMITED appointed
    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 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • 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

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 Iain Montgomery
Individual · British · DOB 02/1971 · age 55
75–100%
—75-100% shares12/08/2024
2 historic (ceased) PSCs
  • The Ashvale Fish Restaurant Limitedceased 12/08/2024· 75-100% shares · 75-100% voting
  • Fnc (Aberdeen) Limitedceased 24/08/2022· 75-100% shares · 75-100% voting · trust interest · firm interest

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
Incorporated2003-05-01
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

53 Gordon Place
Bridge Of Don
Aberdeen
AB23 8RB
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27

Officers (1 active · 4 resigned)

MONTGOMERY, Iain→
director · ~55y · appointed 2003-06-19
View their other companies + combined net worth →
Active
PETERKINS, SOLICITORS→
corporate-nominee-secretary · appointed 2003-05-01 · resigned 2024-12-04
Resigned
DEVINE, Stuart→
director · ~56y · appointed 2003-06-19 · resigned 2024-08-12
Resigned
LOW, John→
director · ~66y · appointed 2003-06-19 · resigned 2024-08-12
Resigned
PETERKINS SERVICES LIMITED→
corporate-nominee-director · appointed 2003-05-01 · resigned 2003-06-19
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property03/03/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-27
termination-secretary-company-with-name-termination-date
officers · TM02
2024-12-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-12-04
capital-cancellation-shares
capital · SH06
2024-09-26
capital-return-purchase-own-shares
capital · SH03
2024-09-24
termination-director-company-with-name-termination-date
officers · TM01
2024-09-12
termination-director-company-with-name-termination-date
officers · TM01
2024-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-29