STEWART ACR LTD

💤Zombieactive
SC590908 · ltd · incorporated 2018-03-09
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
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Turnover
year to Mar 2025
Net worth
£154.4k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (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 -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 7.9y

30/100
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.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £154,382
Cash draining
Cash down 67% YoY
Cash YoY
-67%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 67% YoY
Net Worth
£154k
↑ 77% YoY
Current Assets
£745k
↑ 65% YoY
Current Liabilities
£0£149k£298k£447k£596k£745kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£264.0k£187.7k
Current assets£745.2k£452.1k
Cash£5.8k£17.7k
Debtors£710.6k£408.4k
Net assets£154.4k£87.1k

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
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 (21 events)Click to expand
  1. 2025-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-12-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2024-09-16
    🔒
    Charge registered #2
    Lender: Lloyds Bank Commercial Finance Limited
  6. 2023-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2023-05-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-03-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2022-03-30
    🔓
    Charge satisfied #1
  12. 2021-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-02-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2020-12-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-12-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-03-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2018-06-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2018-06-22
    🔒
    Charge registered #1
    Lender: Advantedge Commercial Finance (North) Limited
  20. 2018-03-09
    🏢
    Company incorporated
    As STEWART ACR LTD
  21. 2018-03-09
    STEWART, Gregor 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 "STEWART" — strong identity link between founder and business.
  • +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.)

Group structure

Stewart Solutions Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Stewart Solutions Group Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
STEWART ACR LTD
This company · SC590908

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
Stewart Solutions Group Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control01/04/2023
1 historic (ceased) PSC
  • Mr Gregor Stewartceased 01/04/2023· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2018-03-09
Jurisdictionscotland
Primary SIC35300 — SIC 35300

Registered office

Unit 7a Wallacetown Drive
Ayr
KA8 9FH
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-26
Last: 2026-05-12

Officers (1 active · 0 resigned)

STEWART, Gregor
director · ~42y · appointed 2018-03-09
View their other companies + combined net worth →
Active

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
Lloyds Banking Group
Lloyds Bank Commercial Finance Limited
A registered charge16/09/2024
satisfied
Advantedge Commercial Finance (North)
Advantedge Commercial Finance (North) Limited
A registered charge22/06/201830/03/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (26 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-24
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-05-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-10
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-18