GMT WELL SERVICES LTD

🌳Matureactive
SC320779 · ltd · incorporated 2007-04-11
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£317.1k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

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
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
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 £317,118
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£349k
↑ 9.9% YoY
Net Worth
£317k
↑ 23% YoY
Current Assets
£413k
↑ 19% YoY
Current Liabilities
—
£0£83k£165k£248k£330k£413kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£323.2k£270.4k
Current assets£412.7k£346.8k
Cash£349.5k£318.0k
Debtors£63.3k£28.7k
Net assets£317.1k£258.3k

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
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 90 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-04-01
    ➕
    BARCLAY, Gillian Mary appointed
    director
  4. 2026-04-01
    ➖
    BARCLAY, Gillian Mary resigned
    director
  5. 2025-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-04-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2020-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-12-12
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-04-25
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2016-04-25
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2007-04-12
    ➕
    BARCLAY, Gillian Mary appointed
    secretary
  19. 2007-04-12
    ➕
    BARCLAY, Lee appointed
    director
  20. 2007-04-12
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  21. 2007-04-12
    ➕
    BARCLAY, Gillian Mary appointed
    director
  22. 2007-04-12
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  23. 2007-04-11
    🏢
    Company incorporated
    As GMT WELL SERVICES LTD
  24. 2007-04-11
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  25. 2007-04-11
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr Lee Barclay
Individual · British · DOB 11/1974 · age 52
25–50%
—25-50% shares11/04/2017
Mrs Gillian Mary Barclay
Individual · British · DOB 07/1971 · age 55
25–50%
—25-50% shares11/04/2017

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

6 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
Incorporated2007-04-11
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

Account Tax Ltd
Traill Drive
Montrose
Angus
DD10 8SW

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-25
Last: 2026-04-11

Officers (3 active · 3 resigned)

BARCLAY, Gillian Mary→
secretary · appointed 2007-04-12
View their other companies + combined net worth →
Active
BARCLAY, Gillian Mary→
director · ~55y · appointed 2026-04-01
View their other companies + combined net worth →
Active
BARCLAY, Lee→
director · ~52y · appointed 2007-04-12
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2007-04-11 · resigned 2007-04-12
Resigned
BARCLAY, Gillian Mary→
director · ~55y · appointed 2007-04-12 · resigned 2026-04-01
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2007-04-11 · resigned 2007-04-12
Resigned

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

Recent filings (54 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-15
appoint-person-director-company-with-name-date
officers · AP01
2026-04-15
termination-director-company-with-name-termination-date
officers · TM01
2026-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-31