SALTIRE MEMORIAL COMPANY LTD

💤Zombieactive
SC415315 · ltd · incorporated 2012-01-24
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 Jan 2025
Net worth
£3.9k
book net assets
Opportunity
74/100
Strong
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What this business does
Primary activity: SIC 23700
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 74/100 (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: Cash flow review and working-capital discipline. Cash down -86% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £3,916
Cash draining
Cash down 86% YoY
Cash YoY
-86%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1k
↓ 86% YoY
Net Worth
£4k
↑ 13886% YoY
Current Assets
£47k
↓ 49% YoY
Current Liabilities
£0£18k£37k£55k£73k£92kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£57.8k£3.8k
Current assets£47.2k£91.8k
Cash£1.4k£10.5k
Debtors£14.6k£48.4k
Net assets£3.9k£28

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

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • 1 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2026-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2023-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-10-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-11-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2015-11-20
    📄
    second-filing-of-form-with-form-type
    document-replacement · RP04
  14. 2015-11-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2015-10-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-02-01
    WATT, Graham resigned
    director
  17. 2013-03-28
    WATT, Graham appointed
    director
  18. 2012-01-24
    🏢
    Company incorporated
    As SALTIRE MEMORIAL COMPANY LTD
  19. 2012-01-24
    KRUEGER, Britta appointed
    secretary
  20. 2012-01-24
    KRUEGER, Britta appointed
    director
  21. 2012-01-24
    WATT, Graham appointed
    director
  22. 2012-01-24
    WATT, Graham resigned
    director

Owner dependency

75/100
High — earn-out structure required

Material 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

58/100
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 14 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%
NameSharesVoting rightsNature of controlNotified
Ms Britta Krueger
Individual · German · DOB 08/1970 · age 56
75100%
75–100%75-100% shares · 75-100% 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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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
Incorporated2012-01-24
Jurisdictionscotland
Primary SIC23700 — SIC 23700

Registered office

Unit 3 Tarlair Business Park
Tarlair Way
Macduff
AB44 1RU

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (2 active · 2 resigned)

KRUEGER, Britta
secretary · appointed 2012-01-24
View their other companies + combined net worth →
Active
KRUEGER, Britta
director · ~56y · appointed 2012-01-24
View their other companies + combined net worth →
Active
WATT, Graham
director · ~57y · appointed 2013-03-28 · resigned 2015-02-01
Resigned
WATT, Graham
director · ~57y · appointed 2012-01-24 · resigned 2012-01-24
Resigned

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

Recent filings (37 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-04
change-person-secretary-company-with-change-date
officers · CH03
2024-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-30