UNDERFLOOR INSULATION GLASGOW LTD

💤Zombieactive
SC590599 · ltd · incorporated 2018-03-06
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 Mar 2025
Net worth
£326
book net assets
Opportunity
71/100
Strong
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 71/100 (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: Cash flow review and working-capital discipline. Cash down -91% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: high (82/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
24 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
Positive net assets
Net assets £326
Net assets shrinking
Down £235 YoY
Cash draining
Cash down 91% YoY
Cash YoY
-91%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↓ 91% YoY
Net Worth
£326
↓ 42% YoY
Current Assets
£62k
↑ 59% YoY
Current Liabilities
—
£0£12k£25k£37k£50k£62kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£48.5k£58.5k
Current assets£62.3k£39.1k
Cash£2.0k£21.5k
Debtors£32.3k£17.6k
Net assets£326£561

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

Recent activity

Last 30 days
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (17 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-01-16
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  3. 2024-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2024-10-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-11-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-11-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2023-11-21
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  9. 2022-12-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2021-12-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2020-07-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-06-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-03-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-03-06
    🏢
    Company incorporated
    As UNDERFLOOR INSULATION GLASGOW LTD
  16. 2018-03-06
    ➕
    MCCAW, Steven Allan appointed
    director
  17. 2018-03-06
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

80/100
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.
  • +No director turnover: Company is 8 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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven Allan Mccaw
Individual · British · DOB 01/1976 · age 50
50–75%
75–100%board control75-100% shares · 75-100% voting · board control06/03/2018
Mr Karl Banos
Individual · Canadian · DOB 07/1990 · age 36
25–50%
—25-50% shares01/04/2022

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 · Construction · G postcode area
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GEORGE LESLIE LIMITED→
SC251886 · est 2003
£42.07M
£30.05M–£54.09M
——4300022y8759y
MACKENZIE CONSTRUCTION LIMITED→
SC073177 · est 1980
£19.04M
£13.60M–£24.48M
——29245y8761y
SLM MACKENZIE LIMITED→
SC243618 · est 2003
£19.02M
£13.59M–£24.46M
——29223y8663y
LUDDON CONSTRUCTION LIMITED→
SC057943 · est 1975
£15.71M
£11.22M–£20.20M
——5540050y8760y
CURTIS MOORE (CLADDING SYSTEMS) LIMITED→
SC206369 · est 2000
£6.45M
£4.61M–£8.30M
——370026y8565y
A.B. 2000 LTD.→
SC155832 · est 1995
£6.43M
£4.59M–£8.26M
——1060031y8446y
VEITCHI INTERIORS LIMITED→
SC042401 · est 1965
£3.00M
£2.15M–£3.86M
——5360y8761y
WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→
SC101441 · est 1986
£968.2k
£691.5k–£1.24M
——6639y8570y
INSITE CONTRACTS LIMITED→
SC162464 · est 1996
£682.9k
£487.8k–£878.0k
——4730y8560y
TARPAVE LIMITED→
SC240089 · est 2002
£32.6k
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A H F CONSTRUCTION MANAGEMENT LTD.→
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ALGAS MEDICAL INSTALLATIONS LIMITED→
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———220021y8370y
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
Incorporated2018-03-06
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

Unit 23 Carron Place
East Kilbride
Glasgow
G75 0YL
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-06
Last: 2026-04-22

Officers (1 active · 0 resigned)

MCCAW, Steven Allan→
director · ~50y · appointed 2018-03-06
View their other companies + combined net worth →
Active

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

Recent filings (24 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-29
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-01-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-11-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-11-21
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-04
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-20