THE SCOTCH PIE COMPANY (TAIN) LTD.

💤Zombieactive
SC306946 · ltd · incorporated 2006-08-16
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 Aug 2024
Net worth
£-13.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 78). 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
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £13,722

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£14k
~ YoY
Current Assets
£2k
~ YoY
Current Liabilities
—
-£14k-£11k-£8k-£5k-£2k£2kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-08-312023-08-31
Total assets£-13.7k£-13.7k
Current assets£1.5k£1.5k
Net assets£-13.7k£-13.7k

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 (23 events)Click to expand
  1. 2025-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-07-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-02-03
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  7. 2021-02-03
    📄
    accounts-amended-with-accounts-type-micro-entity
    accounts · AAMD
  8. 2020-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-08-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2018-05-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2017-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-11-10
    ➖
    LASLETT, Ian Richard resigned
    director
  16. 2014-04-10
    ➕
    LASLETT, Ian Richard appointed
    director
  17. 2006-08-16
    🏢
    Company incorporated
    As THE SCOTCH PIE COMPANY (TAIN) LTD.
  18. 2006-08-16
    ➕
    LASLETT, Sophia appointed
    secretary
  19. 2006-08-16
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  20. 2006-08-16
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  21. 2006-08-16
    ➕
    LASLETT, Ian Richard appointed
    director
  22. 2006-08-16
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  23. 2006-08-16
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-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 78 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 12 years.
  • secondaryStable-but-static management: Company is 20 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

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ian Richard Laslett
Individual · British · DOB 04/1948 · age 78
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
Mr Ian Richard Laslett
Individual · British · DOB 04/1948 · age 78
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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HARRY GOW LIMITED→
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———6y7981y
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£720.8k
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——21548y8581y
C J MIDDLETON LIMITED→
SC212646 · est 2000
——£558.0k—25y8266y
CLAYMORE DAIRIES LIMITED→
SC371390 · est 2010 · no financials extracted
————16y8260y
EKOBAY LIMITED→
SC128521 · est 1990
———20035y8273y
FIONNAR SPRINGS LTD.→
SC230770 · est 2002
——£273.5k—24y8292y
SINCLAIR BREWERIES LIMITED→
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———2119y8265y
ATLAS BREWERY LIMITED→
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————19y8065y
KELTIC SEAFARE (SCOTLAND) LIMITED→
SC141396 · est 1992
——£1.15M—33y8084y
MARIXIN (INVERNESS) LIMITED→
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———190040y8085y
SPEYMALT WHISKY DISTRIBUTORS LIMITED→
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————64y8065y
ANGELIC FREE FROM LTD→
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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
Incorporated2006-08-16
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

10 Knockbreck Street
Tain
IV19 1BJ

Filing status

Accounts
Next due: 2026-05-30
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (2 active · 3 resigned)

LASLETT, Sophia→
secretary · appointed 2006-08-16
View their other companies + combined net worth →
Active
LASLETT, Ian Richard→
director · ~78y · appointed 2014-04-10
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2006-08-16 · resigned 2006-08-16
Resigned
LASLETT, Ian Richard→
director · ~78y · appointed 2006-08-16 · resigned 2015-11-10
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2006-08-16 · resigned 2006-08-16
Resigned

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

Recent filings (51 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-16
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-28
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-02-03
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-02-03
confirmation-statement-with-updates
confirmation-statement · CS01
2020-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-27