RED STEEL LTD

💤Zombieactive

SC537776 · ltd · incorporated 2016-06-13

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 Jun 2025

Net worth

—

book net assets

Opportunity

76/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 11070

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (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: high (81/100)

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

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

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

Ownership & PSC

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

Director network

6 connected companies via shared directors

Filing history

19 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-23

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (12 events)Click to expand

2026-03-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-03-30
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-03-27
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-03-06
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-03-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-06-14
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-03-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-09-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2018-03-12
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-06-13
🏢
Company incorporated
As RED STEEL LTD
2016-06-13
➕
TURNER, Martyn appointed
director
2016-06-13
📄
incorporation-company
incorporation · NEWINC

Owner dependency

88/100

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 58 — approaching natural succession window.
+No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

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 58. Early succession window.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Martyn Turner Individual · British · DOB 04/1968 · age 58	—	—	sig. influencesignificant influence	01/06/2017

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 · Food & drink · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
AIMERS COFFEE AND TEA LTD→ SC242232 · est 2003	£1.00M £739.2k–£1.27M	—	—	26	23y	82	72y
HIGHLAND GAME LIMITED→ SC179833 · est 1997	—	—	—	96	28y	85	62y
DUNDEE COLD STORES LIMITED→ SC314713 · est 2007	—	—	£10.89M	—	19y	83	88y
STRATHMORE FOODS LIMITED→ SC053180 · est 1973 · no financials extracted	—	—	—	—	52y	83	79y
FALCONERS FAMILY BUTCHERS LIMITED→ SC202873 · est 2000	—	—	£179.9k	—	26y	82	65y
GOODFELLOWS OF DUNDEE LTD→ SC029972 · est 1954	—	—	—	11700	72y	82	83y
JAMES MCLAREN & SON (BAKERS) LIMITED→ SC214218 · est 2000	—	—	£21.4k	—	25y	82	65y
GRANT'S OF DUNDEE LIMITED→ SC154964 · est 1994	—	—	—	0	31y	80	78y
MURRAY MCGREGOR LIMITED→ SC354639 · est 2009	—	—	—	0	17y	80	71y
COFFEE SOURCE LIMITED→ SC275004 · est 2004	—	—	—	1	21y	79	72y
GREENHILL PRODUCE LIMITED→ SC528328 · est 2016	—	—	£2.42M	—	10y	79	72y
MIDDLETON OF RORA DAIRY PRODUCE LIMITED→ SC532571 · est 2016	—	—	—	600	10y	79	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

Incorporated2016-06-13

Jurisdictionscotland

Primary SIC11070 — SIC 11070

Registered office

200a High Street

Montrose

Angus

DD10 8PH

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-26

Last: 2025-06-12

Officers (1 active · 0 resigned)

TURNER, Martyn→

director · ~58y · appointed 2016-06-13

View their other companies + combined net worth →

Active

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