HIGH TORQUE DISTRIBUTION LIMITED

💤Zombieactive
SC249029 · ltd · incorporated 2003-05-08
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 Dec 2024
Net worth
£1.69M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 25930
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 60). 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).

🏦

Refinance opportunity

1 live charge · oldest 22.9y

45/100
under pressure

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

  • · Oldest live charge is 22.9 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 2 with DOB)
77
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
63 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 · accounting standard not declared
Positive net assets
Net assets £1,687,950
Cash YoY
+29%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.1m
↑ 29% YoY
Net Worth
£1.7m
↑ 19% YoY
Current Assets
£1.6m
↑ 15% YoY
Current Liabilities
—
£0£338k£675k£1.0m£1.4m£1.7mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.69M£1.41M
Current assets£1.59M£1.38M
Cash£1.08M£838.6k
Debtors£301.2k£379.0k
Net assets£1.69M£1.41M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2025-10-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2025-10-06
    🔓
    Charge satisfied #1
  3. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-04-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2016-06-23
    📄
    termination-director-company
    officers · TM01
  15. 2016-06-17
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2016-05-20
    ➖
    SMYTH, Sandra Margaret resigned
    secretary
  17. 2016-05-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2016-04-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2008-02-12
    ➖
    SMYTH, Gerard Patrick resigned
    secretary
  20. 2008-02-12
    ➕
    SMYTH, Sandra Margaret appointed
    secretary
  21. 2008-02-12
    ➖
    AIRLIE, Andrew James resigned
    director
  22. 2003-05-27
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2003-05-08
    🏢
    Company incorporated
    As HIGH TORQUE DISTRIBUTION LIMITED
  24. 2003-05-08
    ➕
    SMYTH, Gerard Patrick appointed
    director
  25. 2003-05-08
    ➕
    SMYTH, Gerard Patrick appointed
    secretary
  26. 2003-05-08
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  27. 2003-05-08
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2003-05-08
    ➕
    AIRLIE, Andrew James appointed
    director
  29. 2003-05-08
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  30. 2003-05-08
    ➖
    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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — 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 60. 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

High Torque Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
High Torque Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
HIGH TORQUE DISTRIBUTION LIMITED
This company · SC249029

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
High Torque Group Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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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
Incorporated2003-05-08
Jurisdictionscotland
Primary SIC25930 — SIC 25930

Registered office

Coathill House
Old Monkland Road
Coatbridge
Lanarkshire
ML5 5EA
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-20
Last: 2025-05-06

Officers (1 active · 5 resigned)

SMYTH, Gerard Patrick→
director · ~60y · appointed 2003-05-08
View their other companies + combined net worth →
Active
SMYTH, Gerard Patrick→
secretary · appointed 2003-05-08 · resigned 2008-02-12
Resigned
SMYTH, Sandra Margaret→
secretary · appointed 2008-02-12 · resigned 2016-05-20
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-05-08 · resigned 2003-05-08
Resigned
AIRLIE, Andrew James→
director · ~59y · appointed 2003-05-08 · resigned 2008-02-12
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2003-05-08 · resigned 2003-05-08
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property27/05/200306/10/2025

Recent filings (63 total)

mortgage-satisfy-charge-full
mortgage · MR04
2025-10-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-05-21
confirmation-statement-with-updates
confirmation-statement · CS01
2019-05-13