GILLESPIE WELDING LIMITED

💤Zombieactive
SC534518 · ltd · incorporated 2016-05-04
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
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 70). 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 (55/100)

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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
22 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (14 events)Click to expand
  1. 2026-02-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-02-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-02-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-02-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-02-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2018-12-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-08-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-04-18
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2018-04-17
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2016-05-04
    🏢
    Company incorporated
    As GILLESPIE WELDING LIMITED
  13. 2016-05-04
    ➕
    GILLESPIE, Joseph appointed
    director
  14. 2016-05-04
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

100/100
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 "GILLESPIE" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

75/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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
Mr Joseph Gillespie
Individual · British · DOB 11/1956 · age 70
75–100%
75–100%board control75-100% shares · 75-100% voting · board control19/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Company details

Statusactive
Typeltd
Incorporated2016-05-04
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

Flat 1/1 32 Hopeman Avenue Hopeman Avenue
Thornliebank
Glasgow
G46 8SG
United Kingdom

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (1 active · 0 resigned)

GILLESPIE, Joseph→
director · ~70y · appointed 2016-05-04
View their other companies + combined net worth →
Active

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

Recent filings (22 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-05
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-09
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-03-27