IMSE LIMITED

💤Zombieactive
SC251999 · ltd · incorporated 2003-06-30
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 Sept 2024
Net worth
£50.7k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 33170
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 65). 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 (68/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £50,723

Key financials

1 year extracted from filed iXBRL accounts
Cash
£59k
Net Worth
£51k
Current Assets
£60k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-30
Total assets£54.3k
Current assets£60.4k
Cash£58.9k
Debtors£1.5k
Net assets£50.7k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-11
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  3. 2024-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-11-01
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  5. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-22
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2022-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-10-13
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  10. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-10-12
    📄
    accounts-amended-with-accounts-type-total-exemption-small
    accounts · AAMD
  14. 2017-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2010-06-30
    ➖
    INDEPENDENT REGISTRARS LIMITED resigned
    corporate-secretary
  17. 2007-04-25
    ➕
    INDEPENDENT REGISTRARS LIMITED appointed
    corporate-secretary
  18. 2007-04-25
    ➖
    WWW.FIRSTREGISTRARS.CO.UK LIMITED resigned
    corporate-secretary
  19. 2004-06-15
    ➕
    WWW.FIRSTREGISTRARS.CO.UK LIMITED appointed
    corporate-secretary
  20. 2004-06-14
    ➖
    CROSSING REGISTRARS LIMITED resigned
    corporate-nominee-secretary
  21. 2003-06-30
    🏢
    Company incorporated
    As IMSE LIMITED
  22. 2003-06-30
    ➕
    STEWART, Ian appointed
    director
  23. 2003-06-30
    ➕
    CROSSING REGISTRARS LIMITED appointed
    corporate-nominee-secretary

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ian Stewart
Individual · British · DOB 11/1961 · age 65
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
James Stewart
Individual · British · DOB 09/1941 · age 85
25–50%
—25-50% shares · firm interest30/06/2016
Sylvia Stewart
Individual · British · DOB 04/1940 · age 86
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016

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

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
Incorporated2003-06-30
Jurisdictionscotland
Primary SIC33170 — SIC 33170

Registered office

Iais Level One
211 Dumbarton Road
Glasgow
G11 6AA

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (1 active · 3 resigned)

STEWART, Ian→
director · ~65y · appointed 2003-06-30
View their other companies + combined net worth →
Active
CROSSING REGISTRARS LIMITED→
corporate-nominee-secretary · appointed 2003-06-30 · resigned 2004-06-14
Resigned
INDEPENDENT REGISTRARS LIMITED→
corporate-secretary · appointed 2007-04-25 · resigned 2010-06-30
Resigned
WWW.FIRSTREGISTRARS.CO.UK LIMITED→
corporate-secretary · appointed 2004-06-15 · resigned 2007-04-25
Resigned

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

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2022-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2020-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-28