HAMILTON TRACTORS (CARNWATH) LIMITED

💤Zombieactive
SC349764 · ltd · incorporated 2008-10-10
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 Oct 2025
Net worth
£568.9k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45190
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 67). 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 3.6y

35/100
under pressure

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

  • · Charge age ~3.6 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
45 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 £568,897
Net assets shrinking
Down £4,886 YoY
Cash YoY
+194%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£119k
↑ 194% YoY
Net Worth
£569k
~ YoY
Current Assets
£744k
↓ 49% YoY
Current Liabilities
—
£0£290k£580k£870k£1.2m£1.5mOct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-10-312024-10-31
Total assets£583.5k£590.8k
Current assets£744.0k£1.45M
Cash£118.8k£40.4k
Debtors£92.8k£239.4k
Net assets£568.9k£573.8k

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
2
filings
  • • 1 address
  • • 1 accounts
Last 180 days
2
filings
  • • 1 address
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2026-03-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-09-10
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-09-10
    🔓
    Charge satisfied #1
  5. 2025-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-06-09
    ➖
    WALKINSHAW, David Hunter resigned
    director
  8. 2024-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-10-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2022-10-06
    🔒
    Charge registered #1
    Lender: Societe Generale Equipment Finance LTD.
  13. 2021-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-07-09
    ➕
    WALKINSHAW, David Hunter appointed
    director
  15. 2020-07-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-07-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-07-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-07-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-07-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2008-10-10
    🏢
    Company incorporated
    As HAMILTON TRACTORS (CARNWATH) LIMITED
  21. 2008-10-10
    ➕
    WALKINSHAW, Janet appointed
    secretary
  22. 2008-10-10
    ➕
    WALKINSHAW, Janet appointed
    director
  23. 2008-10-10
    ➕
    CREDITREFORM (SECRETARIES) LIMITED appointed
    corporate-secretary
  24. 2008-10-10
    ➖
    CREDITREFORM (SECRETARIES) LIMITED resigned
    corporate-secretary
  25. 2008-10-10
    ➕
    STEWARD, Vikki appointed
    director
  26. 2008-10-10
    ➖
    STEWARD, Vikki resigned
    director

Owner dependency

100/100
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.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

88/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Jan Walkinshaw
Individual · British · DOB 05/1959 · age 67
75–100%
—75-100% shares01/07/2016

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

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
Incorporated2008-10-10
Jurisdictionscotland
Primary SIC45190 — SIC 45190

Registered office

35 Castledyke Road
Carstairs
Lanark
ML11 8SU
Scotland

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-10-24
Last: 2025-10-10

Officers (2 active · 3 resigned)

WALKINSHAW, Janet→
secretary · appointed 2008-10-10
View their other companies + combined net worth →
Active
WALKINSHAW, Janet→
director · ~67y · appointed 2008-10-10
View their other companies + combined net worth →
Active
CREDITREFORM (SECRETARIES) LIMITED→
corporate-secretary · appointed 2008-10-10 · resigned 2008-10-10
Resigned
STEWARD, Vikki→
director · ~44y · appointed 2008-10-10 · resigned 2008-10-10
Resigned
WALKINSHAW, David Hunter→
director · ~65y · appointed 2020-07-09 · resigned 2025-06-09
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Societe Generale Equipment Finance .
Societe Generale Equipment Finance LTD.
A registered charge—06/10/202210/09/2025

Recent filings (45 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-16
termination-director-company-with-name-termination-date
officers · TM01
2025-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-02