EXMEL SOLUTIONS LIMITED

💤Zombieactive
SC344492 · ltd · incorporated 2008-06-17
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 Dec 2024
Net worth
£1.08M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46520
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 60). 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

1 live charge · oldest 11.7y

45/100
under pressure

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

  • · Oldest live charge is 11.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 £1,079,798
Net assets shrinking
Down £27,289 YoY
Cash YoY
-11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£569k
↓ 11% YoY
Net Worth
£1.1m
↓ 2.5% YoY
Current Assets
£1.2m
~ YoY
Current Liabilities
£0£235k£470k£705k£940k£1.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£1.08M£1.11M
Current assets£1.18M£1.17M
Cash£568.6k£637.7k
Debtors£252.0k£198.5k
Net assets£1.08M£1.11M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

4 signals 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 (25 events)Click to expand
  1. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-03-01
    MCCABE, Gerard James resigned
    director
  5. 2023-07-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2020-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-08-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-06-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2017-04-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2016-06-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-06-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2016-05-20
    SMYTH, Sandra Margaret resigned
    secretary
  18. 2016-04-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2014-08-05
    🔒
    Charge registered #1
    Lender: High Torque Distribution Limited
  20. 2008-06-17
    🏢
    Company incorporated
    As EXMEL SOLUTIONS LIMITED
  21. 2008-06-17
    SMYTH, Gerard Patrick appointed
    director
  22. 2008-06-17
    SMYTH, Sandra Margaret appointed
    secretary
  23. 2008-06-17
    MCCABE, Gerard James appointed
    director
  24. 2008-06-17
    JORDAN COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-director
  25. 2008-06-17
    JORDAN COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-director

Owner dependency

93/100
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 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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.)

Group structure

High Torque Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
High Torque Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
EXMEL SOLUTIONS LIMITED
This company · SC344492

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
High Torque Group Limited
Corporate entity
75100%
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.

🔒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 →

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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
Incorporated2008-06-17
Jurisdictionscotland
Primary SIC46520 — SIC 46520

Registered office

Coathill House
Old Monkland Road
Coatbridge
Lanarkshire
ML5 5EA
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-01
Last: 2025-06-17

Officers (1 active · 3 resigned)

SMYTH, Gerard Patrick
director · ~60y · appointed 2008-06-17
View their other companies + combined net worth →
Active
SMYTH, Sandra Margaret
secretary · appointed 2008-06-17 · resigned 2016-05-20
Resigned
MCCABE, Gerard James
director · ~63y · appointed 2008-06-17 · resigned 2024-03-01
Resigned
JORDAN COMPANY SECRETARIES LIMITED
corporate-nominee-director · appointed 2008-06-17 · resigned 2008-06-17
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
High Torque Distribution
High Torque Distribution Limited
A registered charge1 property05/08/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (50 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-25
termination-director-company-with-name-termination-date
officers · TM01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-25
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-23
confirmation-statement-with-updates
confirmation-statement · CS01
2021-06-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2020-06-22
confirmation-statement-with-updates
confirmation-statement · CS01
2019-06-17