ASF GENERAL PARTNER (SCOTS) LIMITED

💤Zombieactive
SC408088 · ltd · incorporated 2011-09-23
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
not disclosed
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (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 (73/100).

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 2 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
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
78/100Strong
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
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-10-15
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  2. 2025-10-15
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  3. 2025-10-15
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  4. 2025-10-15
    📄
    second-filing-of-annual-return-with-made-up-date
    annual-return · RP04AR01
  5. 2025-09-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2025-09-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  7. 2025-09-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2025-09-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  9. 2025-09-17
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  10. 2025-06-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2025-06-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2024-07-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2023-09-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2022-10-03
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-12-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2020-11-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2019-10-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  18. 2018-09-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2011-09-23
    🏢
    Company incorporated
    As ASF GENERAL PARTNER (SCOTS) LIMITED
  20. 2011-09-23
    BURNESS PAULL LLP appointed
    corporate-secretary
  21. 2011-09-23
    FERRAGAMO, Michael Patrick appointed
    director
  22. 2011-09-23
    GRAY, Gary George appointed
    director
  23. 2011-09-23
    GRAY, Gary George resigned
    director
  24. 2011-09-23
    BURNESS (DIRECTORS) LIMITED appointed
    corporate-director
  25. 2011-09-23
    BURNESS (DIRECTORS) LIMITED resigned
    corporate-director

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

68/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 15 years.
  • 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.)
🔒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
Incorporated2011-09-23
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

50 Lothian Road
Festival Square
Edinburgh
EH3 9WJ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-14
Last: 2025-08-31

Officers (2 active · 2 resigned)

BURNESS PAULL LLP
corporate-secretary · appointed 2011-09-23
View their other companies + combined net worth →
Active
FERRAGAMO, Michael Patrick
director · ~58y · appointed 2011-09-23
View their other companies + combined net worth →
Active
GRAY, Gary George
director · ~56y · appointed 2011-09-23 · resigned 2011-09-23
Resigned
BURNESS (DIRECTORS) LIMITED
corporate-director · appointed 2011-09-23 · resigned 2011-09-23
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
2025-10-20
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2025-10-15
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2025-10-15
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2025-10-15
second-filing-of-annual-return-with-made-up-date
annual-return · RP04AR01
2025-10-15
accounts-with-accounts-type-dormant
accounts · AA
2025-09-22
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-09-17
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-09-17
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-09-17
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-09-17
change-person-director-company-with-change-date
officers · CH01
2025-06-10
change-person-director-company-with-change-date
officers · CH01
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-05
accounts-with-accounts-type-dormant
accounts · AA
2024-07-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-27