GLIC LTD.

💤Zombieactive
SC551266 · ltd · incorporated 2016-11-28
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 Nov 2024
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 27330
Sector: Manufacturing
ALSO REGISTERED FOR
  • 29320SIC 29320
  • 71129Other engineering activities
  • 74100Specialised design activities
Investor take
Pursue
Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 68). 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 (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 4 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 (1 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
31 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees400400

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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-19
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-06-19
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  5. 2024-06-05
    📄
    capital-return-purchase-own-shares-treasury-capital-date
    capital · SH03
  6. 2023-06-16
    📄
    capital-return-purchase-own-shares-treasury-capital-date
    capital · SH03
  7. 2023-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-03-02
    ➖
    KERON, Jocelyn Patricia resigned
    director
  9. 2023-03-02
    ➖
    KERON, Neil Alexander, Dr resigned
    director
  10. 2023-03-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-03-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-08-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-11-01
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  15. 2020-10-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2020-10-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2020-10-22
    ➕
    WEBSTER, Gary Roderick appointed
    director
  18. 2020-10-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-08-20
    ➕
    KERON, Jocelyn Patricia appointed
    director
  20. 2019-08-20
    ➖
    WEBSTER, Gary Roderick resigned
    director
  21. 2019-08-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  22. 2019-08-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2016-11-28
    🏢
    Company incorporated
    As GLIC LTD.
  24. 2016-11-28
    ➕
    KERON, Neil Alexander, Dr appointed
    director
  25. 2016-11-28
    ➕
    WEBSTER, Gary Roderick appointed
    director

Owner dependency

90/100
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 age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
  • 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
NameSharesVoting rightsNature of controlNotified
Mr Gary Roderick Webster
Individual · British · DOB 06/1958 · age 68
25–50%
—25-50% shares18/04/2024
2 historic (ceased) PSCs
  • Dr Neil Alexander Keronceased 22/10/2020· 25-50% shares · 25-50% voting
  • Mr Gary Roderick Websterceased 20/08/2019· 25-50% shares · 25-50% voting

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
Incorporated2016-11-28
Jurisdictionscotland
Primary SIC27330 — SIC 27330

Registered office

3 Bograxie Burnhervie
Burnhervie
Inverurie
Aberdeenshire
AB51 5LD
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-06-06
Last: 2025-05-23

Officers (1 active · 3 resigned)

WEBSTER, Gary Roderick→
director · ~68y · appointed 2020-10-22
View their other companies + combined net worth →
Active
KERON, Jocelyn Patricia→
director · ~75y · appointed 2019-08-20 · resigned 2023-03-02
Resigned
KERON, Neil Alexander, Dr→
director · ~73y · appointed 2016-11-28 · resigned 2023-03-02
Resigned
WEBSTER, Gary Roderick→
director · ~68y · appointed 2016-11-28 · resigned 2019-08-20
Resigned

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

Recent filings (31 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-30
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-06-19
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2024-06-19
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2024-06-05
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-26
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2023-06-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-03
termination-director-company-with-name-termination-date
officers · TM01
2023-03-02
termination-director-company-with-name-termination-date
officers · TM01
2023-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-28