ARAY TRADING LIMITED

💤Zombieactive
SC279967 · ltd · incorporated 2005-02-14
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 Feb 2025
Net worth
£33.2k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 58). 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 (76/100)

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
3 officers (2 active, 3 linked, 1 with DOB)
77
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 £33,208
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 16% YoY
Net Worth
£33k
↑ 105% YoY
Current Assets
£49k
↑ 178% YoY
Current Liabilities
—
£0£10k£20k£29k£39k£49kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£33.2k£16.2k
Current assets£48.9k£17.6k
Cash£5.6k£6.7k
Debtors£43.2k£10.8k
Net assets£33.2k£16.2k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-02-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-10-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-07-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-02-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2018-02-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2017-11-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-05-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2014-05-02
    ➕
    AH&CO LIMITED appointed
    corporate-secretary
  17. 2014-05-02
    ➖
    HAMILTON, Andrew Nigel resigned
    secretary
  18. 2005-02-14
    🏢
    Company incorporated
    As ARAY TRADING LIMITED
  19. 2005-02-14
    ➕
    13TH DUKE OF ARGYLL, Torquhil Ian Campbell, Most Noble appointed
    director
  20. 2005-02-14
    ➕
    HAMILTON, Andrew Nigel appointed
    secretary

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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — 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 58. 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Most Noble Torquhil Ian Campbell 13th Duke Of Argyll
Individual · British · DOB 05/1968 · age 58
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated2005-02-14
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6 Logie Mill
Beaverbank Business Park
Edinburgh
Lothian
EH7 4HG

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-28
Last: 2026-02-14

Officers (2 active · 1 resigned)

AH&CO LIMITED→
corporate-secretary · appointed 2014-05-02
View their other companies + combined net worth →
Active
13TH DUKE OF ARGYLL, Torquhil Ian Campbell, Most Noble→
director · ~58y · appointed 2005-02-14
View their other companies + combined net worth →
Active
HAMILTON, Andrew Nigel→
secretary · appointed 2005-02-14 · resigned 2014-05-02
Resigned

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

Recent filings (56 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-18
change-person-director-company-with-change-date
officers · CH01
2026-02-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-18