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.
🔒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 0.2y

10/100
under pressure

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

  • · Newest facility, 0.2 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
1
filing
  • • 1 mortgage
Last 180 days
2
filings
  • • 1 mortgage
  • • 1 accounts
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 →

Similar companies

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ENVIROCLEAN (SCOTLAND) LIMITED→
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——24628y8459y
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£4.90M
£3.53M–£6.28M
——590061y8459y
BARR + WRAY HOLDINGS 2 LIMITED→
SC276252 · est 2004
£1.34M
£963.0k–£1.71M
——021y8459y
BARR + WRAY HOLDINGS LIMITED→
SC175728 · est 1997
£1.34M
£963.0k–£1.71M
——028y8259y
BAILLIE WINDFARM LIMITED→
SC256692 · est 2003 · no financials extracted
————22y8371y
HIGHLANDER INTERNATIONAL RECYCLING LIMITED→
SC265586 · est 2004
——£1.59M—22y8361y
HIGHLANDER SECURITY SHREDDING LTD→
SC395423 · est 2011
——£646.8k—15y8361y
SPRUCE CARPETS LTD.→
SC280302 · est 2005 · no financials extracted
————21y8370y
DPM WATER TECHNOLOGIES LIMITED→
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————22y8271y
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——£800.9k—19y8260y
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——£418.9k—74y8258y
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