EARLUG LIMITED

💤Zombieactive
SC476544 · ltd · incorporated 2014-04-30
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 Apr 2025
Net worth
book net assets
Opportunity
69/100
Strong
🔔
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What this business does
Primary activity: SIC 14190
Sector: Manufacturing
ALSO REGISTERED FOR
  • 70100Activities of head offices
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 69/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 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 1 total, 1 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
30 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-23

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

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-02-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-04-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2025-04-05
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2025-04-01
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2024-01-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-01-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-01-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-04-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-01-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2019-01-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2018-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2017-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2017-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2016-05-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2016-01-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2015-07-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2014-08-08
    BROADFOOT, Stephen resigned
    director
  18. 2014-04-30
    🏢
    Company incorporated
    As EARLUG LIMITED
  19. 2014-04-30
    BROWN, Jack Thomas appointed
    director
  20. 2014-04-30
    BROADFOOT, Stephen appointed
    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 61 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-24

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Jack Thomas Brown
Individual · British · DOB 06/1965 · age 61
sig. influencesignificant influence01/07/2016

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

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
Incorporated2014-04-30
Jurisdictionscotland
Primary SIC14190 — SIC 14190

Registered office

Suite 8/1 175 Finnieston Street
Glasgow
G3 8HD

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-04-24OVERDUE
Last: 2025-04-10

Officers (1 active · 1 resigned)

BROWN, Jack Thomas
director · ~61y · appointed 2014-04-30
View their other companies + combined net worth →
Active
BROADFOOT, Stephen
director · ~59y · appointed 2014-04-30 · resigned 2014-08-08
Resigned

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

Recent filings (30 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-24
accounts-with-accounts-type-dormant
accounts · AA
2025-04-30
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-05
gazette-notice-compulsory
gazette · GAZ1
2025-04-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-dormant
accounts · AA
2024-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-25
accounts-with-accounts-type-dormant
accounts · AA
2023-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-dormant
accounts · AA
2022-01-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-11
accounts-with-accounts-type-dormant
accounts · AA
2021-04-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-08
accounts-with-accounts-type-dormant
accounts · AA
2020-01-13