GSI GLASGOW LIMITED

💤Zombieactive
SC330665 · ltd · incorporated 2007-09-10
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 Sept 2025
Net worth
£14.6k
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

Data confidence

Overall: medium (68/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 1 with DOB)
74
Ownership & PSC
1 active PSC(s) of 1 total, 1 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
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £14,616

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
£15k
Current Assets
£29k
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-09-30
Total assets£16.3k
Current assets£28.7k
Net assets£14.6k

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-03-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-05-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-06-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-02-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-07-04
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  9. 2019-07-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  10. 2019-04-25
    ➕
    CONNOCHIE, Michael John appointed
    secretary
  11. 2019-04-25
    ➖
    CONNOCHIE, Maria Elizabeth resigned
    secretary
  12. 2019-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-04-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2017-10-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2017-10-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2017-05-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-03-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-09-10
    ➕
    CONNOCHIE, Maria Elizabeth appointed
    secretary
  19. 2011-09-10
    ➖
    CONNOCHIE, Michael John resigned
    secretary
  20. 2010-02-21
    ➕
    CONNOCHIE, Michael John appointed
    secretary
  21. 2010-02-21
    ➖
    GINN, Murray David resigned
    secretary
  22. 2007-09-10
    🏢
    Company incorporated
    As GSI GLASGOW LIMITED
  23. 2007-09-10
    ➕
    CONNOCHIE, Michael John appointed
    director
  24. 2007-09-10
    ➕
    GINN, Murray David appointed
    secretary

Owner dependency

85/100
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 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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%
NameSharesVoting rightsNature of controlNotified
Mr Michael John Connochie
Individual · British · DOB 11/1974 · age 52
75–100%
—75-100% shares06/04/2016

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

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
Incorporated2007-09-10
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

37 Portland Road
Kilmarnock
Ayrshire
KA1 2DJ

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-09-24
Last: 2025-09-10

Officers (2 active · 3 resigned)

CONNOCHIE, Michael John→
secretary · appointed 2019-04-25
View their other companies + combined net worth →
Active
CONNOCHIE, Michael John→
director · ~52y · appointed 2007-09-10
View their other companies + combined net worth →
Active
CONNOCHIE, Maria Elizabeth→
secretary · appointed 2011-09-10 · resigned 2019-04-25
Resigned
CONNOCHIE, Michael John→
secretary · appointed 2010-02-21 · resigned 2011-09-10
Resigned
GINN, Murray David→
secretary · appointed 2007-09-10 · resigned 2010-02-21
Resigned

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

Recent filings (51 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-14
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-25
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-17
appoint-person-secretary-company-with-name-date
officers · AP03
2019-07-04