SMARTPAAS LIMITED

💤Zombieactive
SC604946 · ltd · incorporated 2018-08-10
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 Aug 2024
Net worth
£31.5k
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: Construction of other civil engineering projects n.e.c.
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 72/100 (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: 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).

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
2 officers (1 active, 2 linked, 2 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
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £31,510

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£32k
Current Assets
£39k
Current Liabilities
—
£0£8k£16k£24k£31k£39kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£31.5k—
Current assets£39.2k—
Net assets£31.5k—

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 (16 events)Click to expand
  1. 2025-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-05-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-04-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-03-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-03-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-11-18
    ➖
    HIGGINS, Ciaran resigned
    director
  8. 2024-05-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-05-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-04-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2021-05-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2020-03-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2018-08-10
    🏢
    Company incorporated
    As SMARTPAAS LIMITED
  14. 2018-08-10
    ➕
    LIVINGSTONE, Steven appointed
    director
  15. 2018-08-10
    ➕
    HIGGINS, Ciaran appointed
    director
  16. 2018-08-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Steven Livingstone
Individual · British · DOB 09/1974 · age 52
75–100%
—75-100% shares18/11/2024
1 historic (ceased) PSC
  • Mr Ciaran Higginsceased 18/11/2024· 25-50% shares · 25-50% voting · trust interest · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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——29223y8663y
LUDDON CONSTRUCTION LIMITED→
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——5540050y8760y
CURTIS MOORE (CLADDING SYSTEMS) LIMITED→
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——370026y8565y
A.B. 2000 LTD.→
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VEITCHI INTERIORS LIMITED→
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£3.00M
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——5360y8761y
WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→
SC101441 · est 1986
£968.2k
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——6639y8570y
INSITE CONTRACTS LIMITED→
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£682.9k
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
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Available from the Pro tier upwards.

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Company details

Statusactive
Typeltd
Incorporated2018-08-10
Jurisdictionscotland
Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

60 Garscadden Road
Glasgow
G15 6QJ
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-23
Last: 2025-08-09

Officers (1 active · 1 resigned)

LIVINGSTONE, Steven→
director · ~52y · appointed 2018-08-10
View their other companies + combined net worth →
Active
HIGGINS, Ciaran→
director · ~50y · appointed 2018-08-10 · resigned 2024-11-18
Resigned

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

Recent filings (19 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-05-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-03-21
termination-director-company-with-name-termination-date
officers · TM01
2025-03-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-14
accounts-with-accounts-type-dormant
accounts · AA
2024-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-15
accounts-with-accounts-type-dormant
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-10
accounts-with-accounts-type-dormant
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-19
accounts-with-accounts-type-dormant
accounts · AA
2021-05-26