KILTED GENERATION LIMITED

💤Zombieactive
SC384484 · ltd · incorporated 2010-08-31
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 Dec 2024
Net worth
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Performing arts
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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: high (82/100)

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
Confirmed no charges registered
85
Directors & officers
6 officers (1 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
44 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31

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
3
filings
  • 2 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-12-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-12-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-11-30
    ARMSTRONG, William Gerard resigned
    director
  4. 2025-11-30
    MCEWAN, Malcolm Bell resigned
    director
  5. 2025-01-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-01-30
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-01-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2024-02-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-06-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-07-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-06-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2021-02-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2020-01-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-03-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2018-01-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-02-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2013-09-30
    CASSELLS, Stuart Graeme resigned
    director
  19. 2012-10-31
    GRAHAM, Steven resigned
    secretary
  20. 2012-10-31
    ARMSTRONG, William Gerard appointed
    director
  21. 2012-10-31
    GRAHAM, Steven Colin resigned
    director
  22. 2010-08-31
    🏢
    Company incorporated
    As KILTED GENERATION LIMITED
  23. 2010-08-31
    MACDONALD, Kevin James appointed
    director
  24. 2010-08-31
    GRAHAM, Steven appointed
    secretary
  25. 2010-08-31
    CASSELLS, Stuart Graeme appointed
    director
  26. 2010-08-31
    GRAHAM, Steven Colin appointed
    director
  27. 2010-08-31
    MCEWAN, Malcolm Bell appointed
    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

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: ARMSTRONG, William Gerard resigned 2025-11-30; MCEWAN, Malcolm Bell resigned 2025-11-30

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kevin James Macdonald
Individual · British · DOB 01/1978 · age 48
sig. influencesignificant influence · firm interest01/12/2016

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 →

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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
Incorporated2010-08-31
Jurisdictionscotland
Primary SIC90010 — Performing arts

Registered office

Block 4 Midfield Road
Mitchelston Industrial Estate
Kirkcaldy
Fife
KY1 3PS
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-07
Last: 2025-12-24

Officers (1 active · 5 resigned)

MACDONALD, Kevin James
director · ~48y · appointed 2010-08-31
View their other companies + combined net worth →
Active
GRAHAM, Steven
secretary · appointed 2010-08-31 · resigned 2012-10-31
Resigned
ARMSTRONG, William Gerard
director · ~61y · appointed 2012-10-31 · resigned 2025-11-30
Resigned
CASSELLS, Stuart Graeme
director · ~47y · appointed 2010-08-31 · resigned 2013-09-30
Resigned
GRAHAM, Steven Colin
director · ~43y · appointed 2010-08-31 · resigned 2012-10-31
Resigned
MCEWAN, Malcolm Bell
director · ~45y · appointed 2010-08-31 · resigned 2025-11-30
Resigned

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

Recent filings (44 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-25
termination-director-company-with-name-termination-date
officers · TM01
2025-12-25
termination-director-company-with-name-termination-date
officers · TM01
2025-12-25
change-person-director-company-with-change-date
officers · CH01
2025-01-30
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-05
accounts-with-accounts-type-dormant
accounts · AA
2025-01-05
accounts-with-accounts-type-dormant
accounts · AA
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-24
accounts-with-accounts-type-dormant
accounts · AA
2023-06-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-22
accounts-with-accounts-type-dormant
accounts · AA
2022-07-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-04
change-person-director-company-with-change-date
officers · CH01
2021-06-22