THE GLAD CAFE C.I.C.
💤Zombieactive
SC375439 · private-limited-guarant-nsc · incorporated 2010-03-24
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 Mar 2025
Net worth
£-242.3k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (68/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 13.7y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 13.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (83/100)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
16 officers (1 active, 16 linked, 15 with DOB)
89
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £242,322
Cash draining
Cash down 91% YoY
Cash YoY
-91%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£882
↓ 91% YoY
Net Worth
-£242k
↓ 52% YoY
Current Assets
£882
↓ 93% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £-124.7k | £-78.7k |
| Current assets | £882 | £12.5k |
| Cash | £882 | £10.2k |
| Net assets | £-242.3k | £-159.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-12-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-04-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-17➖BAIRD, Iain Campbell resigneddirector
- 2023-12-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-20➖SMILLIE, Joseph John resignedsecretary
- 2022-06-20➖JOSHI, Manish resigneddirector
- 2022-06-20➖REID, Sarah Kate resigneddirector
- 2022-06-20➖SMILLIE, Joseph John resigneddirector
- 2022-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-05-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-04➖SMILLIE, Rachel Lowndes resigneddirector
- 2022-04-07📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-03-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-03-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-24➕TANNOCK, Matthew Craig appointeddirector
- 2022-03-24➕BAIRD, Iain Campbell appointeddirector
- 2021-09-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-14➖NIBLOCK, Wendy Jane resigneddirector
- 2021-04-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-21➖SLOAN, Duncan Elliott resigneddirector
- 2021-04-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-04-20➕JOSHI, Manish appointeddirector
- 2021-01-05🔓Charge satisfied #1
- 2020-02-27➖SPRAGG, Mark Richard resigneddirector
- 2018-03-17➕SPRAGG, Mark Richard appointeddirector
- 2017-03-20➕REID, Sarah Kate appointeddirector
- 2017-02-21➖WALLACE, Scott George resigneddirector
- 2017-02-06➖SMILLIE, Karina Sandra resigneddirector
- 2016-10-20➕NIBLOCK, Wendy Jane appointeddirector
- 2016-08-08➖DHEER, Rachna resigneddirector
- 2014-06-20➕DHEER, Rachna appointeddirector
- 2014-05-30➕SLOAN, Duncan Elliott appointeddirector
- 2014-05-29➖MUGGLETON, Robert William resigneddirector
- 2014-05-23➕WALLACE, Scott George appointeddirector
- 2012-09-18➖TAINSH, Douglas Eben resigneddirector
- 2012-08-15🔒Charge registered #1Lender: Sis (Community Finance) Limited
- 2012-05-01➖SINGH, Gurjit resigneddirector
- 2011-12-01➕SINGH, Gurjit appointeddirector
- 2010-06-06➕MUGGLETON, Robert William appointeddirector
- 2010-06-06➕TAINSH, Douglas Eben appointeddirector
- 2010-03-24🏢Company incorporatedAs THE GLAD CAFE C.I.C.
Showing most recent 50 of 54 events
Owner dependency
90/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Matthew Craig Tannock Individual · Scottish · DOB 07/1960 · age 66 | — | — | sig. influencesignificant influence · trust interest · firm interest | 18/04/2024 |
2 historic (ceased) PSCs
- Mr Iain Campbell Bairdceased 18/04/2024· significant influence · trust interest
- Ms Rachel Lowdnes Smilieceased 31/03/2022· significant influence
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 · Hospitality · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THOMOORESON LTD→ SC544304 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| THREE ALPHA LIMITED→ SC846984 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THREE BROTHERS 2023 LIMITED→ SC855510 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THREE BROTHERS GLA LIMITED→ SC712512 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THREE OF CUPS COFFEE LTD→ SC770770 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| THRILL OF THE GRILL LIMITED→ SC751513 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TIGER XUE LIMITED→ SC692137 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| TIKKA BOTI LTD→ SC819185 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TIMENYS PROPERTIES LTD→ SC763000 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| TMB ENTERTAINMENT LIMITED→ SC876775 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TNJ VENTURES LTD→ SC848415 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TOBERMORY PROPERTY SERVICES LIMITED→ SC481919 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Typeprivate-limited-guarant-nsc
Incorporated2010-03-24
Jurisdictionscotland
Primary SIC56302 — Public houses and bars
Registered office
1006a Pollokshaws Road
Glasgow
G41 2HG
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-05-31
Last: 2025-05-17
Officers (1 active · 15 resigned)
TANNOCK, Matthew Craig→
Activedirector · ~66y · appointed 2022-03-24
View their other companies + combined net worth →
SMILLIE, Joseph John→
Resignedsecretary · appointed 2010-03-24 · resigned 2022-06-20
BAIRD, Iain Campbell→
Resigneddirector · ~57y · appointed 2022-03-24 · resigned 2024-04-17
DHEER, Rachna→
Resigneddirector · ~53y · appointed 2014-06-20 · resigned 2016-08-08
JOSHI, Manish→
Resigneddirector · ~45y · appointed 2021-04-20 · resigned 2022-06-20
MUGGLETON, Robert William→
Resigneddirector · ~74y · appointed 2010-06-06 · resigned 2014-05-29
NIBLOCK, Wendy Jane→
Resigneddirector · ~63y · appointed 2016-10-20 · resigned 2021-07-14
REID, Sarah Kate→
Resigneddirector · ~46y · appointed 2017-03-20 · resigned 2022-06-20
SINGH, Gurjit→
Resigneddirector · ~41y · appointed 2011-12-01 · resigned 2012-05-01
SLOAN, Duncan Elliott→
Resigneddirector · ~71y · appointed 2014-05-30 · resigned 2021-04-21
SMILLIE, Joseph John→
Resigneddirector · ~43y · appointed 2010-03-24 · resigned 2022-06-20
SMILLIE, Karina Sandra→
Resigneddirector · ~46y · appointed 2010-03-24 · resigned 2017-02-06
SMILLIE, Rachel Lowndes→
Resigneddirector · ~73y · appointed 2010-03-24 · resigned 2022-05-04
SPRAGG, Mark Richard→
Resigneddirector · ~61y · appointed 2018-03-17 · resigned 2020-02-27
TAINSH, Douglas Eben→
Resigneddirector · ~72y · appointed 2010-06-06 · resigned 2012-09-18
WALLACE, Scott George→
Resigneddirector · ~54y · appointed 2014-05-23 · resigned 2017-02-21
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Sis (Community Finance) Sis (Community Finance) Limited | Bond & floating charge | 1 property | 15/08/2012 | 05/01/2021 |
Recent filings (66 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-06
termination-director-company-with-name-termination-date
officers · TM01
2024-04-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-08
termination-director-company-with-name-termination-date
officers · TM01
2022-06-20
termination-director-company-with-name-termination-date
officers · TM01
2022-06-20
termination-director-company-with-name-termination-date
officers · TM01
2022-06-20
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-17