CRUICKSHANKS JOINERY LTD.

💤Zombieactive

SC413611 · ltd · incorporated 2011-12-22

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 Dec 2024

Net worth

£-31.2k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Joinery installation

Sector: Construction

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

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: 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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 2 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

34 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

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 · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £31,170

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£31k

↓ 7.9% YoY

Current Assets

£7k

↓ 61% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-12-31	2023-12-31
Total assets	£-30.0k	£-25.7k
Current assets	£7.4k	£18.8k
Net assets	£-31.2k	£-28.9k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2025-07-14
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-18
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-08-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-02
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-08-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-09-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-01-09
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-09-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-08-22
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-12
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-07-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-12-22
🏢
Company incorporated
As CRUICKSHANKS JOINERY LTD.
2011-12-22
➕
CRUICKSHANK, Michael appointed
director
2011-12-22
➕
BRIAN REID LTD. appointed
corporate-secretary
2011-12-22
➖
BRIAN REID LTD. resigned
corporate-secretary
2011-12-22
➕
MABBOTT, Stephen George appointed
director
2011-12-22
➖
MABBOTT, Stephen George resigned
director

Owner dependency

98/100

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.
+Founder name in company name: Company name contains director surname "CRUICKSHANK" — strong identity link between founder and business.
+Senior director age: Director aged approximately 62 — 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 62. 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Michael Cruickshank Individual · British · DOB 12/1964 · age 62	75–100%	—	75-100% shares	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 · Construction · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
SEIVWRIGHT BROTHERS LIMITED→ SC234623 · est 2002	£8.04M £5.74M–£10.33M	—	—	73	23y	87	76y
THISTLE WINDOWS & CONSERVATORIES LIMITED→ SC159622 · est 1995	£1.28M £917.3k–£1.65M	—	—	119	30y	84	65y
SKENE ENTERPRISES (ABERDEEN) LIMITED→ SC072886 · est 1980	£910.0k £650.0k–£1.17M	—	—	105	45y	83	87y
AJC CONSTRUCTION SCOTLAND LIMITED→ SC216542 · est 2001	—	—	—	2700	25y	83	60y
AM CAMPBELL (UK) LTD.→ SC212573 · est 2000	—	—	£62.6k	—	25y	83	63y
LADYSBRIDGE VILLAGE LIMITED→ SC262049 · est 2004	—	—	—	0	22y	83	75y
SPARK'S MECHANICAL SERVICES LIMITED→ SC102458 · est 1986	—	—	£3.06M	—	39y	83	59y
T & M SLATING LTD.→ SC251627 · est 2003	—	—	—	9	23y	83	59y
A & B BUCHAN LIMITED→ SC375607 · est 2010	—	—	£945.4k	—	16y	82	62y
A G FLEMING CONSTRUCTION LIMITED→ SC339764 · est 2008	—	—	—	400	18y	82	59y
A J DONALD (SLATERS) LIMITED→ SC345042 · est 2008	—	—	£123.8k	—	18y	82	65y
A R D PROPERTIES LIMITED→ SC193678 · est 1999	—	—	£3.16M	—	27y	82	62y

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

Incorporated2011-12-22

Jurisdictionscotland

Primary SIC43320 — Joinery installation

Registered office

Goldwells House

Grange Road

Peterhead

AB42 1WN

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-05

Last: 2025-12-22

Officers (1 active · 2 resigned)

CRUICKSHANK, Michael→

director · ~62y · appointed 2011-12-22

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-secretary · appointed 2011-12-22 · resigned 2011-12-22

Resigned

MABBOTT, Stephen George→

director · ~76y · appointed 2011-12-22 · resigned 2011-12-22

Resigned

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

Recent filings (34 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-15

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-14

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-06

accounts-with-accounts-type-micro-entity

accounts · AA

2024-08-15

confirmation-statement-with-updates

confirmation-statement · CS01

2024-02-09

accounts-with-accounts-type-micro-entity

accounts · AA

2023-09-18

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2023-08-03

confirmation-statement-with-updates

confirmation-statement · CS01

2023-01-16

accounts-with-accounts-type-micro-entity

accounts · AA

2022-09-26

confirmation-statement-with-updates

confirmation-statement · CS01

2022-01-20

accounts-with-accounts-type-micro-entity

accounts · AA

2021-08-09

confirmation-statement-with-updates

confirmation-statement · CS01

2021-01-13

accounts-with-accounts-type-micro-entity

accounts · AA

2020-11-02

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-01-09

accounts-with-accounts-type-micro-entity

accounts · AA

2019-08-21