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.

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 May 2025

Net worth

£143.1k

book net assets

Opportunity

79/100

Strong

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

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 21.2y

30/100

under pressure

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

· Oldest live charge is 21.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (86/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

5 officers (1 active, 5 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

4 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £143,140

Net assets shrinking

Down £138,924 YoY

Cash YoY

-23%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£103k

↓ 23% YoY

Net Worth

£143k

↓ 49% YoY

Current Assets

£296k

↓ 24% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31	2023-05-31
Total assets	£152.6k	£298.6k	£258.3k
Current assets	£296.2k	£387.7k	£346.5k
Cash	£102.8k	£134.0k	£110.9k
Debtors	£171.6k	£209.5k	£205.0k
Net assets	£143.1k	£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

filing

• 1 address

Last 90 days

filings

• 1 address
• 1 accounts

Last 180 days

filings

• 1 address
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-07-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-03
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-02-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-05-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
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
2020-03-11
📄
change-person-director-company-with-change-date
officers · CH01
2019-09-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-02-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-02-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-03-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-02-13
🔒
Charge registered #2
Lender: Rbs Invoice Finance Limited
2016-11-23
➕
KNOX, Cameron appointed
director
2016-11-23
➖
RAE, Andrew John resigned
director
2016-07-14
🔓
Charge satisfied #1
2013-05-31
➖
WILLIAMS, Mary Russell resigned
secretary
2013-05-31
➖
CLYDESDALE, Thomas William resigned
director
2013-05-31
➖
WILLIAMS, Mary Russell resigned
director
2005-05-11
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2005-03-02
🏢
Company incorporated
As SMITH PACKAGING PRODUCTS LIMITED
2005-03-02
➕
WILLIAMS, Mary Russell appointed
secretary
2005-03-02
➕
CLYDESDALE, Thomas William appointed
director
2005-03-02
➕
RAE, Andrew John appointed
director
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%

Name	Shares	Voting rights	Nature of control	Notified
Overtoun (Holdings) Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/11/2019

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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LINN PRODUCTS LIMITED→ SC052366 · est 1973	£7.07M £5.50M–£8.65M	—	—	170	53y	85	80y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005	£4.66M £3.63M–£5.70M	£24.98M	—	15700	20y	84	70y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	26y	87	70y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£3.30M £2.57M–£4.03M	—	—	57	39y	84	65y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£2.93M £2.28M–£3.59M	—	—	27	40y	85	65y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y
ABBA BLINDS LIMITED→ SC089820 · est 1984	—	—	£475.9k	—	41y	83	70y

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

143 Woodville Street

Glasgow

G51 2RQ

Scotland

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

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

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	NatWest Group Rbs Invoice Finance Limited	A registered charge	1 property	13/02/2017	—
	satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	11/05/2005	14/07/2016

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-07-08

accounts-with-accounts-type-unaudited-abridged

accounts · AA

2026-05-28

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