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.

Why now

Window steady · low confidence

Asset base steady — strong defensive profile, no urgency cue.

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 Sept 2024

Net worth

£-448.8k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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

Lenders & charges

Confirmed no charges registered

Directors & officers

6 officers (3 active, 6 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

8 connected companies via shared directors

Filing history

48 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £448,768

Cash YoY

+15%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£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

filings

Last 90 days

filings

Last 180 days

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-date
officers · CH03
2026-03-20
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-09-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-24
📄
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
2025-07-11
➕
MERRICK, Samantha Jane appointed
secretary
2025-07-11
➕
MERRICK, Samantha Jane appointed
director
2025-07-11
➖
GITTUS, Francis Edward resigned
secretary
2024-08-14
📄
change-person-director-company-with-change-date
officers · CH01
2024-04-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-09
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-09
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-12-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-10
➕
GITTUS, Francis Edward appointed
secretary
2019-10-10
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-10
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2019-09-11
➖
THOMSON, Heather Jane resigned
secretary
2019-09-11
➖
THOMSON, Heather Jane resigned
director
2009-09-07
🏢
Company incorporated
As G.T. INSULATION LIMITED
2009-09-07
➕
MERRICK, David Raymond appointed
director
2009-09-07
➕
THOMSON, Heather Jane appointed
secretary
2009-09-07
➕
THOMSON, Heather Jane appointed
director

Owner dependency

91/100

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

+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 signal

Limited 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

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%

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 →

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CITY LETS (GLASGOW) LIMITED→ SC160734 · est 1995	£622.8k £529.4k–£716.2k	—	£622.8k	—	30y	82	87y
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D M & S PROPERTIES LTD.→ SC295500 · est 2006	£570.4k £484.8k–£655.9k	—	£570.4k	—	20y	82	78y
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COLPROP LIMITED→ SC151689 · est 1994	£531.5k £451.8k–£611.2k	—	£531.5k	—	32y	82	84y
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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: 2026-09-30

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→

secretary · appointed 2025-07-11

View their other companies + combined net worth →

Active

MERRICK, David Raymond→

director · ~68y · appointed 2009-09-07

View their other companies + combined net worth →

Active

MERRICK, Samantha Jane→

director · ~53y · appointed 2025-07-11

View their other companies + combined net worth →

Active

GITTUS, Francis Edward→

secretary · appointed 2019-10-10 · resigned 2025-07-11

Resigned

THOMSON, Heather Jane→

secretary · appointed 2009-09-07 · resigned 2019-09-11

Resigned

THOMSON, Heather Jane→

director · ~63y · appointed 2009-09-07 · resigned 2019-09-11

Resigned

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