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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2026

Net worth

£40.4k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (2 active, 3 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

57 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £40,352

Cash YoY

+666%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£43k

↑ 666% YoY

Net Worth

£40k

↑ 22% YoY

Current Assets

£43k

↓ 12% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2026-02-28	2025-02-28	2024-02-29
Total assets	£40.4k	£33.2k	£16.2k
Current assets	£43.2k	£48.9k	£17.6k
Cash	£43.2k	£5.6k	£6.7k
Debtors	—	£43.2k	£10.8k
Net assets	£40.4k	£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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-05-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-18
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-21
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-11-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-19
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2018-02-19
📄
change-person-director-company-with-change-date
officers · CH01
2017-11-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-05-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-02
➕
AH&CO LIMITED appointed
corporate-secretary
2014-05-02
➖
HAMILTON, Andrew Nigel resigned
secretary
2005-02-14
🏢
Company incorporated
As ARAY TRADING LIMITED
2005-02-14
➕
13TH DUKE OF ARGYLL, Torquhil Ian Campbell, Most Noble appointed
director
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%

Name	Shares	Voting rights	Nature of control	Notified
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 control	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Property · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LANDWARD SECURITIES (EDINBURGH) LIMITED→ SC052040 · est 1972	£3.62M £3.07M–£4.16M	—	£3.62M	—	53y	83	62y
TEAM SCOTLAND LTD.→ SC282486 · est 2005	£1.97M £1.67M–£2.26M	—	£1.97M	—	21y	83	63y
GATEWAY GLASGOW LTD→ SC219530 · est 2001	£1.34M £1.14M–£1.54M	—	£1.34M	—	25y	83	64y
PAMABER PROPERTIES LIMITED→ SC147392 · est 1993	£1.21M £1.03M–£1.39M	—	£1.21M	—	32y	83	78y
LYNE PROPERTIES (EDINBURGH) LIMITED→ SC028226 · est 1951	£1.12M £947.9k–£1.28M	—	£1.12M	—	75y	83	85y
SANTOSHI ENTERPRISE LIMITED→ SC251221 · est 2003	£669.9k £569.4k–£770.4k	—	£669.9k	—	23y	83	64y
FACTOTUM (SCOTLAND) LIMITED→ SC246244 · est 2003	£338.5k £287.7k–£389.2k	—	£338.5k	—	23y	83	74y
DREGHORN DEVELOPMENTS LIMITED→ SC319606 · est 2007	£194.4k £165.3k–£223.6k	—	£194.4k	—	19y	83	59y
REDS RELAX ENJOY DEVELOP LIMITED→ SC293103 · est 2005	£12.3k £10.4k–£14.1k	—	£12.3k	—	20y	83	60y
CODEBASE LTD→ SC437306 · est 2012	—	£11.72M	—	9600	13y	84	60y
CLOCKWORK PROPERTIES LIMITED→ SC197325 · est 1999	—	£400.3k	—	200	27y	83	55y
JEDDERFIELD INVESTMENTS LIMITED→ SC502005 · est 2015	—	£19.5k	—	0	11y	83	69y

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: 2027-11-30

Last made up to: 2026-02-28

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 (57 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-05-29

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