GT OMEGA RACING LTD.
💤Zombieactive
SC363688 · ltd · incorporated 2009-08-07
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
£1.18M
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Retail sale via mail order houses or via Internet
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -46% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 4.8y
35/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Charge age ~4.8 years — mid-life; refi window approaching.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,178,225
Net assets shrinking
Down £125,065 YoY
Cash draining
Cash down 46% YoY
Cash YoY
-46%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£388k
↓ 46% YoY
Net Worth
£1.2m
↓ 9.6% YoY
Current Assets
£2.9m
↓ 11% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-08-31 | 2023-08-31 |
|---|---|---|
| Total assets | £1.27M | £1.61M |
| Current assets | £2.86M | £3.22M |
| Cash | £388.2k | £713.9k |
| Debtors | £420.0k | £337.4k |
| Net assets | £1.18M | £1.30M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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 (21 events)Click to expand
- 2025-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-08-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-02📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2022-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-24📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-21🔒Charge registered #1Lender: Santander UK PLC
- 2020-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2020-10-27📄gazette-notice-compulsorygazette · GAZ1
- 2020-01-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-08-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-07📄gazette-filings-brought-up-to-dategazette · DISS40
- 2018-07-31📄gazette-notice-compulsorygazette · GAZ1
- 2017-09-27📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2009-08-07🏢Company incorporatedAs GT OMEGA RACING LTD.
- 2009-08-07➕WONG, Wai Leong appointedsecretary
- 2009-08-07➕WONG, Wai Leong appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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 17 years — deep operational knowledge concentrated in one person.
- +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
68/100
Strong succession signalMultiple 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 17 years.
- secondaryStable-but-static management: Company is 17 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
cleanNo 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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Wai Leong Wong Individual · British · DOB 11/1987 · age 39 | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Retail · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GOWANLEA GARDEN CENTRE LTD→ SC724728 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| GUJJAR SONS LIMITED→ SC604602 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| HARRIS TWEED OBAN LTD→ SC667007 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| HM GALLERIA LTD→ SC799499 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| HOLMS (GREENOCK) LIMITED→ SC030605 · est 1955 · no financials extracted | — | — | — | — | 71y | — | — |
| HOMEWORLD MH LTD→ SC847947 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HOUSTON KILTMAKERS LIMITED→ SC619051 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| HS TRADERS PAISLEY LTD→ SC777823 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HUANGABLE TRADE LIMITED→ SC779952 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| IFFASH AND CO LTD→ SC647763 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| IK INT LTD→ SC765095 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| IMK786 INTERNATIONAL LTD.→ SC743643 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2009-08-07
Jurisdictionscotland
Primary SIC47910 — Retail sale via mail order houses or via Internet
Registered office
Titanium 1 King's Inch Place
Renfrew
PA4 8WF
Scotland
Filing status
Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-21
Last: 2025-08-07
Officers (2 active · 0 resigned)
Active
WONG, Wai Leong→
Activedirector · ~39y · appointed 2009-08-07
View their other companies + combined net worth →
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | A registered charge | — | 21/06/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (43 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2023-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-03
gazette-filings-brought-up-to-date
gazette · DISS40
2020-11-11