GERARD MCGLADE LIMITED

💤Zombieactive
SC256642 · ltd · incorporated 2003-09-26
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
£-10.8k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed property-backed borrower — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 70/100. Strong seller-intent signal (83/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 6 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

6 live charges · oldest 22.5y

45/100
under pressure

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

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 1 with DOB)
74
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
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £10,754

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£11k
↑ 35% YoY
Current Assets
£763
↓ 43% YoY
Current Liabilities
—
-£16k-£13k-£9k-£6k-£2k£1kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-09-302023-09-30
Total assets£-10.4k£-16.1k
Current assets£763£1.4k
Net assets£-10.8k£-16.4k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-06-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-06-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2020-08-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-09-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2019-07-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-06-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-06-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-06-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-06-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-12-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-07-23
    ➖
    FORT, Renato James resigned
    secretary
  17. 2005-06-23
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  18. 2004-09-27
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  19. 2004-06-16
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  20. 2004-05-18
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  21. 2003-12-23
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  22. 2003-11-21
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2003-09-26
    🏢
    Company incorporated
    As GERARD MCGLADE LIMITED
  24. 2003-09-26
    ➕
    MCGLADE, Gerard appointed
    director
  25. 2003-09-26
    ➕
    FORT, Renato James appointed
    secretary
  26. 2003-09-26
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  27. 2003-09-26
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  28. 2003-09-26
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  29. 2003-09-26
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  30. 2003-09-26
    ➕
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-nominee-director
  31. 2003-09-26
    ➖
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-nominee-director

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.
  • +Founder name in company name: Company name contains director surname "MCGLADE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 68 — 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 68. 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

1 low
6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gerard Mcglade
Individual · British · DOB 05/1958 · age 68
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

9 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
Incorporated2003-09-26
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

302a Brownsburn Industrial Estate
Airdrie
Lanarkshire
ML6 9SE
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-10
Last: 2025-09-26

Officers (1 active · 4 resigned)

MCGLADE, Gerard→
director · ~68y · appointed 2003-09-26
View their other companies + combined net worth →
Active
FORT, Renato James→
secretary · appointed 2003-09-26 · resigned 2010-07-23
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2003-09-26 · resigned 2003-09-26
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2003-09-26 · resigned 2003-09-26
Resigned
PETER TRAINER CORPORATE SERVICES LTD.→
corporate-nominee-director · appointed 2003-09-26 · resigned 2003-09-26
Resigned

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

Mortgages & charges

6
Total charges
6
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property23/06/2005—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property27/09/2004—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/06/2004—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/05/2004—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property23/12/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/11/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-02
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-27
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-05
change-person-director-company-with-change-date
officers · CH01
2019-09-04