SMITH PACKAGING PRODUCTS LIMITED

💤Zombieactive
SC280922 · ltd · incorporated 2005-03-02
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 May 2024
Net worth
£282.1k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, 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).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.0y

30/100
under pressure

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

  • · Oldest live charge is 21.0 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
60 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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £282,064
Cash YoY
+21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£134k
↑ 21% YoY
Net Worth
£282k
↑ 9.3% YoY
Current Assets
£388k
↑ 12% YoY
Current Liabilities
—
£0£78k£155k£233k£310k£388kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-05-312023-05-31
Total assets£298.6k£258.3k
Current assets£387.7k£346.5k
Cash£134.0k£110.9k
Debtors£209.5k£205.0k
Net assets£282.1k£258.2k

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 (28 events)Click to expand
  1. 2026-03-03
    📄
    replacement-filing-of-director-appointment-with-name
    officers · RP01AP01
  2. 2025-02-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-02-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-02-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-05-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2021-05-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2020-03-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2020-03-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2020-03-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2019-09-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2018-02-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-03-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2017-02-13
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  15. 2016-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2016-11-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2016-11-23
    ➕
    KNOX, Cameron appointed
    director
  18. 2016-11-23
    ➖
    RAE, Andrew John resigned
    director
  19. 2016-07-14
    🔓
    Charge satisfied #1
  20. 2013-05-31
    ➖
    WILLIAMS, Mary Russell resigned
    secretary
  21. 2013-05-31
    ➖
    CLYDESDALE, Thomas William resigned
    director
  22. 2013-05-31
    ➖
    WILLIAMS, Mary Russell resigned
    director
  23. 2005-05-11
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  24. 2005-03-02
    🏢
    Company incorporated
    As SMITH PACKAGING PRODUCTS LIMITED
  25. 2005-03-02
    ➕
    WILLIAMS, Mary Russell appointed
    secretary
  26. 2005-03-02
    ➕
    CLYDESDALE, Thomas William appointed
    director
  27. 2005-03-02
    ➕
    RAE, Andrew John appointed
    director
  28. 2005-03-02
    ➕
    WILLIAMS, Mary Russell appointed
    director

Owner dependency

90/100
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 age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

75/100
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.
  • secondaryStable-but-static management: Company is 21 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Overtoun (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Overtoun (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SMITH PACKAGING PRODUCTS LIMITED
This company · SC280922

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Overtoun (Holdings) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control08/11/2019
1 historic (ceased) PSC
  • Rapid Export Packing Services Ltd.ceased 08/11/2019· 75-100% shares · 75-100% voting · board control

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 · FK postcode area
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———90035y8364y
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————1y——
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————1y——
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————2y——
THE KILTED CANDLE LTD→
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————7y——
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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
Incorporated2005-03-02
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Smith Packaging Products Limited Unit C, Lochlands Industrial
Estate, Larbert
Stirlingshire
FK5 3NS

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-03-16
Last: 2026-03-02

Officers (1 active · 4 resigned)

KNOX, Cameron→
director · ~65y · appointed 2016-11-23
View their other companies + combined net worth →
Active
WILLIAMS, Mary Russell→
secretary · appointed 2005-03-02 · resigned 2013-05-31
Resigned
CLYDESDALE, Thomas William→
director · ~85y · appointed 2005-03-02 · resigned 2013-05-31
Resigned
RAE, Andrew John→
director · ~59y · appointed 2005-03-02 · resigned 2016-11-23
Resigned
WILLIAMS, Mary Russell→
director · ~72y · appointed 2005-03-02 · resigned 2013-05-31
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property13/02/2017—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property11/05/200514/07/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-03
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-03-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2020-03-20