PROMALGA LIMITED

💤Zombieactive
SC251764 · ltd · incorporated 2003-06-25
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 Apr 2025
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company 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, 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 (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
59 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Average employees131400

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

🔒Filing-note intelligence

2 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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-07-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-28
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  9. 2020-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2017-04-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-06-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-03-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-06-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-11-01
    TOWERS, Thomas Peacock resigned
    secretary
  18. 2003-08-11
    FREEMAN, Harvey Gerard appointed
    director
  19. 2003-08-11
    TOWERS, Thomas Peacock appointed
    secretary
  20. 2003-08-11
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  21. 2003-08-11
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  22. 2003-06-25
    🏢
    Company incorporated
    As PROMALGA LIMITED
  23. 2003-06-25
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  24. 2003-06-25
    JORDANS (SCOTLAND) 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.)

Group structure

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

🏛️
Stelmain Limited
Corporate parent · holds 75-100% shares
ultimate parent
PROMALGA LIMITED
This company · SC251764

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
Stelmain Limited
Corporate entity
75100%
75-100% shares25/06/2016

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
Incorporated2003-06-25
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

106 C/O Stelmain Ltd, Suite 2.2
106 Hope Street
Glasgow
G2 6PH
Scotland

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-07-09
Last: 2025-06-25

Officers (1 active · 3 resigned)

FREEMAN, Harvey Gerard
director · ~56y · appointed 2003-08-11
View their other companies + combined net worth →
Active
TOWERS, Thomas Peacock
secretary · appointed 2003-08-11 · resigned 2012-11-01
Resigned
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 2003-06-25 · resigned 2003-08-11
Resigned
JORDANS (SCOTLAND) LIMITED
corporate-nominee-director · appointed 2003-06-25 · resigned 2003-08-11
Resigned

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

Recent filings (59 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-28
change-account-reference-date-company-current-shortened
accounts · AA01
2021-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-24