LIGHT ON THE PATH LIMITED
💤Zombieactive
SC424468 · ltd · incorporated 2012-05-18
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 May 2025
Net worth
£-30.9k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Educational support services
Sector: Education
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -58% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).
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
2 officers (1 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
40 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.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £30,886
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£23k
↓ 58% YoY
Net Worth
-£31k
↓ 9.4% YoY
Current Assets
£24k
↓ 57% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £-6.0k | £15.5k |
| Current assets | £23.8k | £55.3k |
| Cash | £23.4k | £55.2k |
| Debtors | £320 | £88 |
| Net assets | £-30.9k | £-28.2k |
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
0
filings
Last 90 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
- 2026-02-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-07📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-17📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-12-17📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-17📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-11-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-09➖ALLISON, Sabrina Louise resigneddirector
- 2021-08-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2012-05-18🏢Company incorporatedAs LIGHT ON THE PATH LIMITED
- 2012-05-18➕CASSIDY, Morag Ann appointeddirector
- 2012-05-18➕ALLISON, Sabrina Louise appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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 age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
88/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- 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
cleanNo 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 |
|---|---|---|---|---|
Mrs Morag Ann Cassidy Individual · British · DOB 04/1951 · age 75 | 75–100% | 75–100% | 75-100% shares · 75-100% voting · trust interest · firm interest | 06/04/2016 |
1 historic (ceased) PSC
- Ms Sabrina Louise Allisonceased 21/09/2022· 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 · Education & training · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KRANTI LTD→ SC736450 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| LEARNING EAST KILBRIDE LTD→ SC692566 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| LEVEL UP TRAINING ACADEMY LTD→ SC778788 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LIMIT.LESS HAIR LIMITED→ SC698883 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| LINGO FLAMINGO→ SC504000 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| LIONHEART ECP LIMITED→ SC559035 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| LITTLE ACADEMICS LTD→ SC786867 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| LITTLE SCHOLARS (NURSERY) LTD.→ SC229562 · est 2002 · no financials extracted | — | — | — | — | 24y | — | — |
| LIZZIE ELDRIDGE LIMITED→ SC835632 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LJL HEALING VIBE LTD→ SC799191 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| LODESTONE CREATIVE CIC→ SC548704 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LOMOND ADHD SERVICES C.I.C.→ SC862254 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2012-05-18
Jurisdictionscotland
Primary SIC85600 — Educational support services
Registered office
482 Dumbarton Road
Clydebank
G81 4DN
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31
Officers (1 active · 1 resigned)
CASSIDY, Morag Ann→
Activedirector · ~75y · appointed 2012-05-18
View their other companies + combined net worth →
ALLISON, Sabrina Louise→
Resigneddirector · ~58y · appointed 2012-05-18 · resigned 2021-08-09
Click a director name to see their full track record across all companies.
Recent filings (40 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-07
change-person-director-company-with-change-date
officers · CH01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-28
change-person-director-company-with-change-date
officers · CH01
2024-12-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-12-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-16