PARAGON WHEELS LIMITED

💤Zombieactive
SC614142 · ltd · incorporated 2018-11-20
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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: SIC 45200
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (79/100)

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
1 connected companies via shared directors
48
Filing history
18 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Average employees-100

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

🔒Filing-note intelligence

2 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
2
filings
  • 1 officers
  • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2026-04-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-01-01
    MACDONALD, Robert resigned
    director
  4. 2025-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-11-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2020-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-11-20
    🏢
    Company incorporated
    As PARAGON WHEELS LIMITED
  13. 2018-11-20
    MACDONALD, Stewart appointed
    director
  14. 2018-11-20
    MACDONALD, Robert appointed
    director
  15. 2018-11-20
    📄
    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

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2025-10-14

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Stewart Macdonald
Individual · Scottish · DOB 06/1988 · age 38
2550%
25–50%board control25-50% shares · 25-50% voting · board control20/11/2018
1 historic (ceased) PSC
  • Mr Robert Macdonaldceased 01/01/2026· 25-50% shares · 25-50% 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

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 →
🔒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
Incorporated2018-11-20
Jurisdictionscotland
Primary SIC45200 — SIC 45200

Registered office

33 Newmarket Street
Ayr
KA7 1LL
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2025-10-14OVERDUE
Last: 2024-09-30

Officers (1 active · 1 resigned)

MACDONALD, Stewart
director · ~38y · appointed 2018-11-20
View their other companies + combined net worth →
Active
MACDONALD, Robert
director · ~42y · appointed 2018-11-20 · resigned 2026-01-01
Resigned

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

Recent filings (18 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-04-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-29
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-11-26