S.M. LIGHTING (SCOTLAND) LIMITED

💤Zombieactive
SC364594 · ltd · incorporated 2009-08-26
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£738.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 35140
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 63). 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 0.3y

10/100
under pressure

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

  • · Newest facility, 0.3 years old — likely still in initial term.
  • · 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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
37 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 · FRS 105 (micro)
Positive net assets
Net assets £738,295

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£738k
↑ 33% YoY
Current Assets
£104k
↓ 30% YoY
Current Liabilities
—
£0£148k£295k£443k£591k£738kAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-08-312024-08-31
Total assets£881.9k£679.2k
Current assets£103.9k£148.6k
Net assets£738.3k£554.5k

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
0
filings
Last 180 days
1
filing
  • • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-03-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-05
    🔒
    Charge registered #1
    Lender: Paragon Business Finance PLC
  3. 2025-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-07-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-05-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-09-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-03-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2019-02-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-01-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2018-01-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2017-02-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-05-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2009-08-26
    🏢
    Company incorporated
    As S.M. LIGHTING (SCOTLAND) LIMITED
  18. 2009-08-26
    ➕
    MUNRO, Scott appointed
    director

Owner dependency

98/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +No director turnover: Company is 17 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 63. 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 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

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 Scott Munro
Individual · British · DOB 03/1963 · age 63
75–100%
—75-100% shares26/07/2016

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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——24629y8459y
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SC040952 · est 1964
£4.90M
£3.53M–£6.28M
——590061y8459y
BARR + WRAY HOLDINGS 2 LIMITED→
SC276252 · est 2004
£1.34M
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——021y8459y
BARR + WRAY HOLDINGS LIMITED→
SC175728 · est 1997
£1.34M
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——029y8259y
BAILLIE WINDFARM LIMITED→
SC256692 · est 2003 · no financials extracted
————22y8371y
HIGHLANDER INTERNATIONAL RECYCLING LIMITED→
SC265586 · est 2004
——£1.59M—22y8361y
HIGHLANDER SECURITY SHREDDING LTD→
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——£646.8k—15y8361y
SPRUCE CARPETS LTD.→
SC280302 · est 2005 · no financials extracted
————21y8370y
DPM WATER TECHNOLOGIES LIMITED→
SC264863 · est 2004
——£353.6k—22y8271y
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————17y8160y
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
Incorporated2009-08-26
Jurisdictionscotland
Primary SIC35140 — SIC 35140

Registered office

C/O Burgoyne Carey Pavilion 2
3 Dava Street
Glasgow
G51 2JA

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-09
Last: 2025-08-26

Officers (1 active · 0 resigned)

MUNRO, Scott→
director · ~63y · appointed 2009-08-26
View their other companies + combined net worth →
Active

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
Paragon
Paragon Business Finance PLC
A registered charge—05/03/2026—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (37 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-06
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-02
change-person-director-company-with-change-date
officers · CH01
2021-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-04
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-27