G.T. INSULATION LIMITED
🌳Matureactive
SC365195 · ltd · incorporated 2009-09-07
Investment thesis
Unencumbered property vehicle — clean asset-backed target with refinance headroom.
Why interesting: Property-holding entity with no live charges; straightforward asset-backed case.
Why risky: Values depend on title and valuation; property-specific market exposure.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£-448.8k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)Active trading company. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
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
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £448,768
Cash YoY
+15%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£5k
↑ 15% YoY
Net Worth
-£449k
↓ 9.2% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £-448.8k | £-411.1k |
| Cash | £5.1k | £4.4k |
| Net assets | £-448.8k | £-411.1k |
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
2
filings
- • 1 officers
- • 1 address
Last 180 days
2
filings
- • 1 officers
- • 1 address
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-03-25📄change-person-secretary-company-with-change-dateofficers · CH03
- 2026-03-20📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-07-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-07-11➕MERRICK, Samantha Jane appointedsecretary
- 2025-07-11➕MERRICK, Samantha Jane appointeddirector
- 2025-07-11➖GITTUS, Francis Edward resignedsecretary
- 2024-08-14📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-09📄change-person-director-company-with-change-dateofficers · CH01
- 2023-10-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-05-12📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-12-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2019-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-10➕GITTUS, Francis Edward appointedsecretary
- 2019-10-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-10📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-09-11➖THOMSON, Heather Jane resignedsecretary
- 2019-09-11➖THOMSON, Heather Jane resigneddirector
- 2009-09-07🏢Company incorporatedAs G.T. INSULATION LIMITED
- 2009-09-07➕MERRICK, David Raymond appointeddirector
- 2009-09-07➕THOMSON, Heather Jane appointedsecretary
- 2009-09-07➕THOMSON, Heather Jane appointeddirector
Owner dependency
91/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
29/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- primaryFamily succession underway: Not a takeover target — MERRICK, Samantha Jane (same surname) appointed 2025-07-11. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 17 years.
- 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 David Raymond Merrick Individual · British · DOB 08/1959 · age 67 | 75–100% | — | 75-100% shares | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Heather Jane Thomsonceased 01/10/2019· 25-50% shares
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 · Property · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ELLA & LEWIS PROPERTIES LTD→ SC801222 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| GARELOCH VIEW LIMITED→ SC401711 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| GLASCHU LETS LTD→ SC838388 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| GUNN GROUP LTD→ SC856853 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| HARBOR PROPERTY (SCOTLAND) LIMITED→ SC491291 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| HILL DRYBURGH LIMITED→ SC808230 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| HOMES FOR SAPIENS SUITES LTD→ SC884422 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| IHMV PROPERTY LIMITED→ SC680774 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| INVERGROVE LIMITED→ SC160333 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| JAMES CAIRN LTD→ SC686333 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| JES PROPERTIES LIMITED→ SC301016 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| JKLAW PROPERTIES LTD→ SC827829 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2009-09-07
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Titanium 1 Kings Inch Place
Renfrew
PA4 8WF
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-10-08
Last: 2025-09-24
Officers (3 active · 3 resigned)
MERRICK, Samantha Jane→
Activesecretary · appointed 2025-07-11
View their other companies + combined net worth →
MERRICK, David Raymond→
Activedirector · ~68y · appointed 2009-09-07
View their other companies + combined net worth →
MERRICK, Samantha Jane→
Activedirector · ~53y · appointed 2025-07-11
View their other companies + combined net worth →
GITTUS, Francis Edward→
Resignedsecretary · appointed 2019-10-10 · resigned 2025-07-11
THOMSON, Heather Jane→
Resignedsecretary · appointed 2009-09-07 · resigned 2019-09-11
THOMSON, Heather Jane→
Resigneddirector · ~63y · appointed 2009-09-07 · resigned 2019-09-11
Click a director name to see their full track record across all companies.
Recent filings (48 total)
change-person-secretary-company-with-change-date
officers · CH03
2026-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-10
appoint-person-director-company-with-name-date
officers · AP01
2025-07-24
appoint-person-secretary-company-with-name-date
officers · AP03
2025-07-24
termination-secretary-company-with-name-termination-date
officers · TM02
2025-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-03
change-person-director-company-with-change-date
officers · CH01
2024-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-23
change-person-director-company-with-change-date
officers · CH01
2023-10-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-05