2038 WRS LIMITED
💤Zombieactive
SC393839 · ltd · incorporated 2011-02-18
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 2023
Net worth
£67.3k
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Special-situation opportunityDistressed financial-services with salvageable qualities — special-situations priority.
Opportunity 63/100 (worth a look), bankability 60/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: strategic trade sale (40/100).
🏦
Refinance opportunity
1 live charge · oldest 7.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 7.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (75/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (1 active, 8 linked, 7 with DOB)
88
Ownership & PSC
2 active PSC(s) of 6 total, 6 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £67,344
Key financials
1 year extracted from filed iXBRL accountsCash
£500
Net Worth
£67k
Current Assets
£283k
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2023-12-31 |
|---|---|
| Total assets | £125.8k |
| Current assets | £283.5k |
| Cash | £500 |
| Debtors | £194.0k |
| Net assets | £67.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 1 change-of-name
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 change-of-name
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2026-04-21✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2025-09-29📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-12-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-03-12✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-02-17📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-02-14📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-02-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-02-14📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-02-14📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-12-08📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2023-11-28📄gazette-notice-compulsorygazette · GAZ1
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-10-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-12-29📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-12-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-23➖DEAN, Peter Christopher resigneddirector
- 2019-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-16🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2018-04-01➕DEAN, Peter Christopher appointeddirector
- 2018-03-31➖MILLER, Shona Virginia resigneddirector
- 2017-11-02➖DEAN, Peter Christopher resigneddirector
- 2017-10-01➕MCPHAIL, Derek Peter appointeddirector
- 2015-12-23➕MILLER, Shona Virginia appointeddirector
- 2015-05-28➖NIMMO, Robert resigneddirector
- 2012-03-12➖BROWN, Craig resigneddirector
- 2012-03-12➕NIMMO, Robert appointeddirector
- 2011-11-16➕BROWN, Craig appointeddirector
- 2011-06-01➕DEAN, Peter Christopher appointeddirector
- 2011-02-18🏢Company incorporatedAs 2038 WRS LIMITED
- 2011-02-18➕BRIAN REID LTD. appointedcorporate-secretary
- 2011-02-18➖BRIAN REID LTD. resignedcorporate-secretary
- 2011-02-18➕MABBOTT, Stephen George appointeddirector
- 2011-02-18➖MABBOTT, Stephen George resigneddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple 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.
- secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-12-29
Name changed recently
mediumName changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2026-04-21: certificate-change-of-name-company
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Derek Peter Mcphail Individual · British · DOB 05/1984 · age 42 | 25–50% | — | 25-50% shares | 01/02/2024 |
Mrs Laura Ashley Mcphail Individual · British · DOB 10/1984 · age 42 | 25–50% | — | 25-50% shares | 01/02/2024 |
4 historic (ceased) PSCs
- Your Expert Group (Holdings) Ltdceased 01/02/2024· 75-100% shares
- Mr Derek Peter Mcphailceased 01/04/2018· 75-100% shares
- Mr Peter Christopher Deanceased 02/11/2017· 50-75% shares
- Mrs Mary Deanceased 02/11/2017· 25-50% shares
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 · Financial services · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| @SIPP LIMITED→ SC217126 · est 2001 | £37.09M £26.97M–£47.20M | £10.21M | — | 6200 | 25y | 85 | 62y |
| FORWARD ASSET FINANCE LIMITED→ SC337979 · est 2008 | £1.02M £744.7k–£1.30M | — | — | 500 | 18y | 83 | 64y |
| COMMONWEALTH GAMES (SCOTLAND) ENDOWMENT FUND→ SC301214 · est 2006 | £22.3k £16.2k–£28.3k | — | — | 0 | 20y | 83 | 66y |
| BLAIRSTON ENTERPRISES LIMITED→ SC368750 · est 2009 | — | — | £2.38M | — | 16y | 83 | 72y |
| CALCLUTH & SANGSTER (INSURANCE BROKERS) LIMITED→ SC200273 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 59y |
| FEMALE INDEPENDENT LTD.→ SC245607 · est 2003 | — | — | £20.0k | — | 23y | 83 | 66y |
| HARRY SMITH, LIMITED→ SC008622 · est 1913 | — | — | £1.66M | — | 113y | 83 | 58y |
| KELVIN SMITH (INSURANCE BROKERS) LIMITED→ SC301532 · est 2006 | — | — | £3.48M | — | 20y | 83 | 63y |
| MORTGAGE ADVICE BROKERAGE LTD→ SC336489 · est 2008 | — | — | — | 1500 | 18y | 83 | 58y |
| NITRON INVESTMENTS LIMITED→ SC047915 · est 1970 | — | — | £431.4k | — | 55y | 83 | 80y |
| PENTA CAPITAL INVESTMENTS LIMITED→ SC277543 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 64y |
| PEOPLESCHAMPION.COM LIMITED→ SC270602 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 63y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2011-02-18
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
89 West Regent Street
Glasgow
G2 2BA
Scotland
Filing status
Accounts
Next due: 2025-12-29OVERDUE
Last made up to: 2023-12-31
Confirmation statement
Next due: 2027-02-28
Last: 2026-02-14
Officers (1 active · 7 resigned)
MCPHAIL, Derek Peter→
Activedirector · ~42y · appointed 2017-10-01
View their other companies + combined net worth →
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2011-02-18 · resigned 2011-02-18
BROWN, Craig→
Resigneddirector · ~54y · appointed 2011-11-16 · resigned 2012-03-12
DEAN, Peter Christopher→
Resigneddirector · ~72y · appointed 2018-04-01 · resigned 2020-12-23
DEAN, Peter Christopher→
Resigneddirector · ~72y · appointed 2011-06-01 · resigned 2017-11-02
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2011-02-18 · resigned 2011-02-18
MILLER, Shona Virginia→
Resigneddirector · ~52y · appointed 2015-12-23 · resigned 2018-03-31
NIMMO, Robert→
Resigneddirector · ~48y · appointed 2012-03-12 · resigned 2015-05-28
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 16/08/2018 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (71 total)
certificate-change-of-name-company
change-of-name · CERTNM
2026-04-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-09-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-03
certificate-change-of-name-company
change-of-name · CERTNM
2024-03-12
gazette-filings-brought-up-to-date
gazette · DISS40
2024-02-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-02-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-14
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2023-12-08
gazette-notice-compulsory
gazette · GAZ1
2023-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12