GET SHIRTY (EDINBURGH) LIMITED

💤Zombieactive
SC369606 · ltd · incorporated 2009-12-03
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 Jan 2025
Net worth
£-4.2k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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).

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
5 officers (1 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
43 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £4,220

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£4k
↓ 74% YoY
Current Assets
£12k
↑ 111% YoY
Current Liabilities
—
-£4k-£938£2k£6k£9k£12kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-01-312024-01-31
Total assets£1.2k£-212
Current assets£12.2k£5.8k
Net assets£-4.2k£-2.4k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-12-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-10-10
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-06-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-04-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-07-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-10-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-10-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-10-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-10-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-12-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-11-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2014-12-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-11-30
    ➕
    MOWAT, Nicholas appointed
    director
  17. 2011-11-30
    ➖
    MOWAT, Alan Walter resigned
    director
  18. 2011-03-01
    ➖
    MOWAT, Nicholas David resigned
    director
  19. 2011-02-14
    ➕
    MOWAT, Alan Walter appointed
    director
  20. 2009-12-03
    🏢
    Company incorporated
    As GET SHIRTY (EDINBURGH) LIMITED
  21. 2009-12-03
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  22. 2009-12-03
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  23. 2009-12-03
    ➕
    MABBOTT, Stephen George appointed
    director
  24. 2009-12-03
    ➖
    MABBOTT, Stephen George resigned
    director
  25. 2009-12-03
    ➕
    MOWAT, Nicholas David appointed
    director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 16 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 Nicholas Mowat
Individual · British · DOB 05/1968 · age 58
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/07/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2009-12-03
Jurisdictionscotland
Primary SIC46420 — Wholesale of clothing and footwear

Registered office

Unit 20 West Gorgie Parks Industrial Est
Hutchison Road
Edinburgh
EH14 1UT
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-17
Last: 2025-12-03

Officers (1 active · 4 resigned)

MOWAT, Nicholas→
director · ~58y · appointed 2011-11-30
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2009-12-03 · resigned 2009-12-03
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2009-12-03 · resigned 2009-12-03
Resigned
MOWAT, Alan Walter→
director · ~91y · appointed 2011-02-14 · resigned 2011-11-30
Resigned
MOWAT, Nicholas David→
director · ~58y · appointed 2009-12-03 · resigned 2011-03-01
Resigned

Click a director name to see their full track record across all companies.

Recent filings (43 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-08
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-03
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-05
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-03
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-24