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.
🔒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
2
filings
  • 1 officers
  • 1 persons-with-significant-control
Last 90 days
2
filings
  • 1 officers
  • 1 persons-with-significant-control
Last 180 days
3
filings
  • 1 officers
  • 1 persons-with-significant-control
  • 1 accounts
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