GFS DEVELOPMENTS LTD.

💤Zombieactive
SC395388 · ltd · incorporated 2011-03-14
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
£-107.0k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

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: distressed disposal / insolvency (65/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £106,969

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£107k
↓ 17% YoY
Current Assets
£195k
↓ 2.4% YoY
Current Liabilities
—
-£107k-£46k£16k£77k£139k£200kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£198.9k£203.4k
Current assets£195.2k£199.9k
Net assets£-107.0k£-91.1k

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

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2022-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-12-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-03-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2019-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2017-12-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2016-12-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-12-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-04-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-12-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2011-03-14
    🏢
    Company incorporated
    As GFS DEVELOPMENTS LTD.
  17. 2011-03-14
    ➕
    BROPHY, Michelle appointed
    secretary
  18. 2011-03-14
    ➕
    MAWDSLEY, Douglas appointed
    director
  19. 2011-03-14
    ➕
    TRAINER, Peter appointed
    secretary
  20. 2011-03-14
    ➖
    TRAINER, Peter resigned
    secretary
  21. 2011-03-14
    ➕
    MCINTOSH, Susan appointed
    director
  22. 2011-03-14
    ➖
    MCINTOSH, Susan resigned
    director
  23. 2011-03-14
    ➕
    TRAINER, Peter appointed
    director
  24. 2011-03-14
    ➖
    TRAINER, Peter 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 15 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 15 years.
  • secondaryStable-but-static management: Company is 15 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Douglas Mawdsley
Individual · British · DOB 06/1980 · age 46
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Ms Michelle Brophy
Individual · British · DOB 03/1981 · age 45
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

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SC183228 · est 1998
£662.4k
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—£662.4k—28y8372y
ALMADA DEVELOPMENTS LTD.→
SC228289 · est 2002
£594.6k
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—£594.6k—24y8260y
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—£263.0k—77y8268y
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—£55.7k—20y8376y
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—£19.8k—20y8369y
APR PROPERTIES LIMITED→
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———081y8364y
MANSEWOOD FACTORS LIMITED→
SC096696 · est 1986
———040y8388y
A & O QUINTILIANI LIMITED→
SC311440 · est 2006
————19y8264y
A W BRITTON LIMITED→
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ALBERT BARTLETT & SONS (LESLIE) LIMITED→
SC037899 · est 1962 · no financials extracted
————63y8270y
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
Incorporated2011-03-14
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

2nd Floor (East) Belgrave Court
Rosehall Road
Bellshill
North Lanarkshire
ML4 3NR
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (2 active · 3 resigned)

BROPHY, Michelle→
secretary · appointed 2011-03-14
View their other companies + combined net worth →
Active
MAWDSLEY, Douglas→
director · ~46y · appointed 2011-03-14
View their other companies + combined net worth →
Active
TRAINER, Peter→
secretary · appointed 2011-03-14 · resigned 2011-03-14
Resigned
MCINTOSH, Susan→
director · ~56y · appointed 2011-03-14 · resigned 2011-03-14
Resigned
TRAINER, Peter→
director · ~74y · appointed 2011-03-14 · resigned 2011-03-14
Resigned

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

Recent filings (37 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-15
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-16
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-31
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-23
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-25
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-27