FOULPAPPLE LIMITED

💤Zombieactive

SC377700 · ltd · incorporated 2010-04-29

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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

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 Apr 2025

Net worth

£154.3k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 49320

Sector: Transportation & storage

Investor take

Pursue

Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). 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: 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

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

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

32 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

Positive net assets

Net assets £154,346

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£154k

↑ 20% YoY

Current Assets

£152k

↑ 25% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30	2024-04-30
Total assets	£155.0k	£128.7k
Current assets	£152.4k	£122.3k
Net assets	£154.3k	£128.3k

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

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (17 events)Click to expand

2025-12-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-01
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-01-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-08
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-27
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-04-29
🏢
Company incorporated
As FOULPAPPLE LIMITED
2010-04-29
➕
GILMOUR, James appointed
director

Owner dependency

100/100

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.
+Founder age: Director aged approximately 71 — succession pressure is live.
+No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

98/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
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 James Gilmour Individual · British · DOB 12/1955 · age 71	75–100%	75–100%	75-100% shares · 75-100% voting	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.

See pricing →

Similar companies

Active · Transport & logistics · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CARNTYNE TRANSPORT COMPANY LIMITED→ SC032077 · est 1957	£18.37M £13.78M–£22.96M	—	—	342	69y	88	89y
STEDER GROUP (UK) LIMITED→ SC514277 · est 2015	£13.09M £9.82M–£16.37M	—	—	64	10y	85	59y
TBR GLOBAL LIMITED→ SC466687 · est 2014	£7.53M £5.65M–£9.42M	—	—	23	12y	83	63y
ACCIDON'T LIMITED→ SC196265 · est 1999	£1.85M £1.38M–£2.31M	—	—	8	27y	82	61y
AIR CHARTER SCOTLAND LIMITED→ SC303971 · est 2006	—	—	£574.2k	—	20y	83	65y
B & G CONTRACTS LIMITED→ SC254571 · est 2003	—	—	£600.0k	—	22y	83	71y
GARELOCHHEAD MINIBUSES & COACHES LTD.→ SC203633 · est 2000	—	—	—	3400	26y	83	60y
ABBEY COACHES LTD.→ SC215576 · est 2001	—	—	—	2200	25y	82	73y
AMS SCOTLAND LIMITED→ SC312105 · est 2006	—	—	—	1100	19y	82	78y
AVIATION WEST LIMITED→ SC130129 · est 1991	—	—	£74.5k	—	35y	82	73y
AVONDALE 2 LIMITED→ SC210715 · est 2000	—	—	£47.6k	—	25y	82	66y
COLIN DIVENS (STEPPS) LIMITED→ SC124089 · est 1990	—	—	£201.1k	—	36y	82	81y

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

Typeltd

Incorporated2010-04-29

Jurisdictionscotland

Primary SIC49320 — SIC 49320

Registered office

3 Clairmont Gardens

Glasgow

G3 7LW

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-05-13

Last: 2026-04-29

Officers (1 active · 0 resigned)

GILMOUR, James→

director · ~71y · appointed 2010-04-29

View their other companies + combined net worth →

Active

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

Recent filings (32 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-05-01

accounts-with-accounts-type-micro-entity

accounts · AA

2025-12-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-05-12

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-21

accounts-with-accounts-type-micro-entity

accounts · AA

2024-04-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-09

accounts-with-accounts-type-micro-entity

accounts · AA

2023-04-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-08

accounts-with-accounts-type-micro-entity

accounts · AA

2022-04-26

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-06

accounts-with-accounts-type-micro-entity

accounts · AA

2021-04-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-05-07

accounts-with-accounts-type-micro-entity

accounts · AA

2020-01-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-05-09