WALCOL LIMITED

🏛️Establishedactive
SC581485 · ltd · incorporated 2017-11-14
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
£-211.5k
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: distressed disposal / insolvency (65/100).

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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
19 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £211,521
Cash draining
Cash down 40% YoY
Cash YoY
-40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£3k
↓ 40% YoY
Net Worth
-£212k
↓ 26% YoY
Current Assets
£12k
↓ 5.6% YoY
Current Liabilities
-£212k-£167k-£122k-£77k-£32k£12kNov 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
Total assets£-195.4k£-149.9k
Current assets£11.6k£12.3k
Cash£3.1k£5.2k
Debtors£2.1k£1.4k
Net assets£-211.5k£-168.0k

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

🔒Filing-note intelligence

3 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 (15 events)Click to expand
  1. 2025-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-11-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2019-11-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2019-09-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2019-09-01
    WHITING, Bernadette appointed
    director
  11. 2019-08-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-11-14
    🏢
    Company incorporated
    As WALCOL LIMITED
  13. 2017-11-14
    COLE, David Ian appointed
    director
  14. 2017-11-14
    WALTERS, Hugh appointed
    director
  15. 2017-11-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

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 David Cole
Individual · British · DOB 03/1971 · age 55
2550%
25-50% shares01/09/2019
1 historic (ceased) PSC
  • Mr Hugh Waltersceased 01/09/2019· 25-50% shares · 25-50% voting

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

6 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
Incorporated2017-11-14
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

10 Avonhead Road
Cumbernauld
Glasgow
G67 4RA
United Kingdom

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (3 active · 0 resigned)

COLE, David Ian
director · ~55y · appointed 2017-11-14
View their other companies + combined net worth →
Active
WALTERS, Hugh
director · ~56y · appointed 2017-11-14
View their other companies + combined net worth →
Active
WHITING, Bernadette
director · ~54y · appointed 2019-09-01
View their other companies + combined net worth →
Active

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

Recent filings (19 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-18
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-11-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2019-11-13