SAVEHEAT GLASS LIMITED

💤Zombieactive
SC564943 · ltd · incorporated 2017-05-03
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 Dec 2024
Net worth
£1.40M
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 23120
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (60/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -35% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 7.9y

45/100
under pressure

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

  • · Oldest live charge is 7.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
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
Network not yet resolved
30
Filing history
25 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,398,253
Net assets shrinking
Down £15,892 YoY
Cash YoY
-35%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£366k
↓ 35% YoY
Net Worth
£1.4m
↓ 1.1% YoY
Current Assets
£1.8m
↑ 8.1% YoY
Current Liabilities
—
£0£356k£713k£1.1m£1.4m£1.8mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£2.21M£1.78M
Current assets£1.78M£1.65M
Cash£366.2k£559.5k
Debtors£1.21M£833.5k
Net assets£1.40M£1.41M

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-09-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-09-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-08-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2019-02-11
    ➖
    TORLEY, Colin resigned
    director
  10. 2019-02-06
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2019-01-14
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  12. 2018-06-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2018-06-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2018-06-12
    🔓
    Charge satisfied #1
  15. 2018-06-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-06-07
    🔒
    Charge registered #2
    Lender: Aldermore Bank PLC
  17. 2018-06-07
    🔒
    Charge registered #1
    Lender: Aldermore Bank PLC
  18. 2018-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2018-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2017-05-11
    ➕
    TORLEY, Colin appointed
    director
  21. 2017-05-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2017-05-03
    🏢
    Company incorporated
    As SAVEHEAT GLASS LIMITED
  23. 2017-05-03
    ➕
    GRAY, Alexander appointed
    director
  24. 2017-05-03
    📄
    incorporation-company
    incorporation · NEWINC

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 69 — 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 69. 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.)

Group structure

Saveheat Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Saveheat Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SAVEHEAT GLASS LIMITED
This company · SC564943

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Saveheat Group Limited
Corporate entity
75–100%
—75-100% shares03/05/2017

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 →
🔒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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2017-05-03
Jurisdictionscotland
Primary SIC23120 — SIC 23120

Registered office

9 Baker Street
Greenock
PA15 4TU
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-16
Last: 2025-05-02

Officers (1 active · 1 resigned)

GRAY, Alexander→
director · ~69y · appointed 2017-05-03
View their other companies + combined net worth →
Active
TORLEY, Colin→
director · ~66y · appointed 2017-05-11 · resigned 2019-02-11
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Aldermore
Aldermore Bank PLC
A registered charge—07/06/2018—
satisfied
Aldermore
Aldermore Bank PLC
A registered charge—07/06/201812/06/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (25 total)

accounts-with-accounts-type-small
accounts · AA
2025-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
accounts-with-accounts-type-small
accounts · AA
2024-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-17
accounts-with-accounts-type-small
accounts · AA
2023-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-22
termination-director-company-with-name-termination-date
officers · TM01
2019-02-12