MCKELLAR ACCOUNTANCY LTD

💤Zombieactive

SC558116 · ltd · incorporated 2017-02-20

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.

Why now

Window steady · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

£8.8k

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: Accounting and auditing activities

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 85/100. 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.9y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 6.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

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

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

2 connected companies via shared directors

Filing history

35 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £8,811

Net assets shrinking

Down £14,700 YoY

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£9k

↓ 63% YoY

Current Assets

£334k

↑ 13% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-02-28	2024-02-28
Total assets	£8.8k	£33.4k
Current assets	£334.5k	£294.8k
Net assets	£8.8k	£23.5k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (21 events)Click to expand

2026-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-09
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-04
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-09-04
🔓
Charge satisfied #1
2023-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-11-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-21
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-12-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-16
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2021-03-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-08
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-04-28
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-08-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-21
🔒
Charge registered #1
Lender: Dsl Business Finance LTD
2019-03-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-03-11
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2017-02-20
🏢
Company incorporated
As MCKELLAR ACCOUNTANCY LTD
2017-02-20
➕
MCKELLAR, Suzanne Louise appointed
director

Owner dependency

95/100

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 "MCKELLAR" — strong identity link between founder and business.
+No director turnover: Company is 9 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

45/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Suzanne Louise Mckellar Individual · Scottish · DOB 09/1989 · age 37	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	20/02/2017
Mr Mark Mckellar Individual · Scottish · DOB 05/1986 · age 40	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	20/02/2017

2 historic (ceased) PSCs

Mr Mark Mckellarceased 06/03/2018· 25-50% shares · 25-50% voting · board control · trust interest · firm interest
Mrs Suzanne Louise Mckellarceased 06/03/2018· 25-50% shares · 25-50% voting · board control · trust interest · firm interest

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 · Professional services · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART SHAW HOLDINGS LIMITED→ SC080687 · est 1982	£1.09M £800.5k–£1.37M	—	—	89	43y	85	75y
HEWITT ACCOUNT MANAGEMENT LIMITED→ SC693563 · est 2021	£71.3k £52.5k–£90.1k	£28.6k	—	200	5y	84	48y
FORBES LESLIE NETWORK LIMITED→ SC148828 · est 1994	—	—	—	14	32y	83	62y
HEBRIDEAN WHALE AND DOLPHIN TRUST LIMITED→ SC172338 · est 1997 · no financials extracted	—	—	—	—	29y	83	79y
STIRLING & MAIR LIMITED→ SC261547 · est 2004	—	—	£184.0k	—	22y	83	61y
ASCOG LIMITED→ SC244061 · est 2003	—	—	£143.0k	—	23y	82	77y
CASTLETON HOLDINGS LIMITED→ SC246219 · est 2003	—	—	—	0	23y	82	76y
DINARDO PARTNERSHIP LIMITED→ SC124667 · est 1990	—	—	—	100	36y	82	61y
HOMEDREAM LIMITED→ SC219518 · est 2001	—	—	£97.7k	—	25y	82	72y
K A BUSINESS SYSTEMS LIMITED→ SC204602 · est 2000	—	—	£5.6k	—	26y	82	63y
LOBNITZ MARINE HOLDINGS LIMITED→ SC155853 · est 1995	—	—	—	4	31y	82	72y
MACDOU TRANSFERS LIMITED→ SC068864 · est 1979	—	—	£416.1k	—	47y	82	68y

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

Incorporated2017-02-20

Jurisdictionscotland

Primary SIC69201 — Accounting and auditing activities

Registered office

Mckellar Accountancy, Unit Studio 2001 Mile End Mill, Abbeymill Business Centre Ltd

12 Seedhill Road

Paisley

Renfrewshire

PA1 1JS

Scotland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2027-01-01

Last: 2025-12-18

Officers (1 active · 0 resigned)

MCKELLAR, Suzanne Louise→

director · ~37y · appointed 2017-02-20

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	satisfied	Dsl Business Finance Dsl Business Finance LTD	A registered charge	—	21/08/2019	04/09/2024

Recent filings (35 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-02-28

confirmation-statement-with-updates

confirmation-statement · CS01

2025-12-18

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-21

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-01-09

confirmation-statement-with-updates

confirmation-statement · CS01

2025-01-09

mortgage-satisfy-charge-full

mortgage · MR04

2024-09-04

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-15

accounts-with-accounts-type-micro-entity

accounts · AA

2023-11-30

confirmation-statement-with-updates

confirmation-statement · CS01

2023-03-16

accounts-with-accounts-type-micro-entity

accounts · AA

2022-11-30

confirmation-statement-with-updates

confirmation-statement · CS01

2022-03-04

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2021-12-21

accounts-with-accounts-type-micro-entity

accounts · AA

2021-12-08

confirmation-statement-with-updates

confirmation-statement · CS01

2021-04-22

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2021-04-16