TMS KITS DIRECT LIMITED
💤Zombieactive
SC268456 · ltd · incorporated 2004-05-26
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
£201.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 31020
Sector: Manufacturing
Investor take
PursueActive trading company with a 63-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (80/100, director aged 63). 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
3 live charges · 2 lenders · oldest 19.5y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.5 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 1 with DOB)
73
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £201,306
Net assets shrinking
Down £211,197 YoY
Cash YoY
+72%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£221k
↑ 72% YoY
Net Worth
£201k
↓ 51% YoY
Current Assets
£827k
↓ 13% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £614.6k | £431.1k |
| Current assets | £826.5k | £950.0k |
| Cash | £220.8k | £128.6k |
| Debtors | £426.8k | £558.0k |
| Net assets | £201.3k | £412.5k |
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 (32 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-06-29📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-07-13📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-05-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-06-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-05-08📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-02-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2015-02-26🔓Charge satisfied #2
- 2014-06-12📄mortgage-create-with-deed-with-charge-numbermortgage · MR01
- 2014-06-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-05-30🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2014-01-20🔓Charge satisfied #1
- 2007-01-03🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2006-10-27🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2006-03-01➕KEAN, Ann appointedsecretary
- 2006-03-01➖ROBERTSON, John David resignedsecretary
- 2004-11-09➖KEAN, Ann resignedsecretary
- 2004-11-09➕ROBERTSON, John David appointedsecretary
- 2004-05-26🏢Company incorporatedAs TMS KITS DIRECT LIMITED
- 2004-05-26➕KEAN, Paul appointeddirector
- 2004-05-26➕KEAN, Ann appointedsecretary
- 2004-05-26➕FIRST SCOTTISH SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2004-05-26➖FIRST SCOTTISH SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2004-05-26➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-nominee-director
- 2004-05-26➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
93/100
Critical — business is the founderThe 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 22 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. 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 22 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 22 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 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Paul Kean Individual · British · DOB 03/1963 · age 63 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
Active · Manufacturing · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| G WEBSTER MANUFACTURING JOINERY LIMITED→ SC469477 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| GLASGOW TECHNICAL SERVICES LTD→ SC777832 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GLASSERTON BIOENGINEERING LTD→ SC656954 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| GOGGA HOLDINGS LTD→ SC882005 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| GOOD PRESS LTD→ SC702790 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| GORILLA FABRICATION LTD→ SC598299 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| GRAYSCALE SOLUTIONS LIMITED→ SC565512 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| GREEN BEE LAB LTD→ SC666717 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GREEN PROPERTY INVESTMENTS (SCOTLAND) LIMITED→ SC666188 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| H F CONTROLS LIMITED→ SC151777 · est 1994 · no financials extracted | — | — | — | — | 31y | — | — |
| HAIR LAB PRODUCTS LTD→ SC506620 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| HARKNESS PREMIER JEWELLERS LIMITED→ SC482880 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
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
Incorporated2004-05-26
Jurisdictionscotland
Primary SIC31020 — SIC 31020
Registered office
1 Cambuslang Court
Cambuslang
Glasgow
G32 8FH
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-05-22
Last: 2025-05-08
Officers (2 active · 4 resigned)
Active
Active
KEAN, Ann→
Resignedsecretary · appointed 2004-05-26 · resigned 2004-11-09
ROBERTSON, John David→
Resignedsecretary · appointed 2004-11-09 · resigned 2006-03-01
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-05-26 · resigned 2004-05-26
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
Resignedcorporate-nominee-director · appointed 2004-05-26 · resigned 2004-05-26
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | — | 30/05/2014 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 03/01/2007 | 26/02/2015 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 27/10/2006 | 20/01/2014 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (61 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2019-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-27