PAYFORMANCE LIMITED

💤Zombieactive

SC370424 · ltd · incorporated 2009-12-22

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 Sept 2024

Net worth

£8.3k

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Combined office administrative service activities

Sector: Administrative & support services

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 75/100 (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 (58/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 2 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

38 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £8,282

Key financials

2 years extracted from filed iXBRL accounts

Cash

£15k

Net Worth

£8k

Current Assets

£159k

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-09-30	2023-09-30
Total assets	£15.0k	—
Current assets	£159.0k	—
Cash	£15.2k	—
Debtors	£143.8k	—
Net assets	£8.3k	—
Average employees	—	200

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-17
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2018-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-01-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-12-22
🏢
Company incorporated
As PAYFORMANCE LIMITED
2009-12-22
➕
LANGFORD, David Martin appointed
director
2009-12-22
➕
BRIAN REID LTD. appointed
corporate-secretary
2009-12-22
➖
BRIAN REID LTD. resigned
corporate-secretary
2009-12-22
➕
MABBOTT, Stephen George appointed
director
2009-12-22
➖
MABBOTT, Stephen George resigned
director

Owner dependency

85/100

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 16 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

68/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondary12+ year tenure: Director in role 16 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%

Name	Shares	Voting rights	Nature of control	Notified
Mr David Martin Langford Individual · Scottish · DOB 01/1971 · age 55	75–100%	—	75-100% shares	06/04/2016

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.

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Similar companies

Active · Trade services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OATLANDS SCOTLAND LIMITED→ SC567000 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
OBSERVER SHOP LTD→ SC507450 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
OFFICE & INDUSTRIAL CLEANING LTD→ SC673522 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
OGILVIE JEROME LTD→ SC587087 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
ONLY HUMAN (RITES) LTD→ SC390002 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
OSWAL ENTERPRISES LTD→ SC599903 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
PAISLEY BARBERS LTD→ SC555463 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
PAISLEY FUNERAL SERVICES LTD→ SC620208 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
PARADE LAUNDERETTE LTD→ SC861999 · est 2025 · no financials extracted	—	—	—	—	—	—	—
PASS SWIFTLY LTD→ SC808067 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
PAWTROPOLIS AT HOME LIMITED→ SC785685 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
PAYMENT PROTECTION SERVICES LTD.→ SC404848 · est 2011 · no financials extracted	—	—	—	—	14y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2009-12-22

Jurisdictionscotland

Primary SIC82110 — Combined office administrative service activities

Registered office

1-3 First Floor Office 126

Drymen Road Bearsden

Glasgow

G61 3RB

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-01-03

Last: 2025-12-20

Officers (1 active · 2 resigned)

LANGFORD, David Martin→

director · ~55y · appointed 2009-12-22

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-secretary · appointed 2009-12-22 · resigned 2009-12-22

Resigned

MABBOTT, Stephen George→

director · ~76y · appointed 2009-12-22 · resigned 2009-12-22

Resigned

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