SMARTFLOW GAS SERVICES LIMITED

💤Zombieactive

SC626563 · ltd · incorporated 2019-04-03

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 Apr 2025

Net worth

£29.9k

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Plumbing, heat and air-conditioning 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: 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 (72/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

1 officers (1 active, 1 linked, 1 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

3 connected companies via shared directors

Filing history

20 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £29,872

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

£30k

Current Assets

£30k

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-04-30
Total assets	£33.7k
Current assets	£30.5k
Net assets	£29.9k

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

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 2 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (15 events)Click to expand

2026-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2026-01-28
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2025-05-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-11-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-14
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2020-12-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-10-07
📄
resolution
resolution · RESOLUTIONS
2019-09-27
📄
resolution
resolution · RESOLUTIONS
2019-09-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-04-03
🏢
Company incorporated
As SMARTFLOW GAS SERVICES LIMITED
2019-04-03
➕
DULAI, Baljit appointed
director
2019-04-03
📄
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 7 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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Baljit Dulai Individual · British · DOB 10/1989 · age 37	—	—	sig. influencesignificant influence	03/04/2019

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

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GEORGE LESLIE LIMITED→ SC251886 · est 2003	£42.07M £30.05M–£54.09M	—	—	43000	22y	87	59y
MACKENZIE CONSTRUCTION LIMITED→ SC073177 · est 1980	£19.04M £13.60M–£24.48M	—	—	292	45y	87	61y
SLM MACKENZIE LIMITED→ SC243618 · est 2003	£19.02M £13.59M–£24.46M	—	—	292	23y	86	63y
LUDDON CONSTRUCTION LIMITED→ SC057943 · est 1975	£15.71M £11.22M–£20.20M	—	—	55400	50y	87	60y
CURTIS MOORE (CLADDING SYSTEMS) LIMITED→ SC206369 · est 2000	£6.45M £4.61M–£8.30M	—	—	3700	26y	85	65y
A.B. 2000 LTD.→ SC155832 · est 1995	£6.43M £4.59M–£8.26M	—	—	10600	31y	84	46y
VEITCHI INTERIORS LIMITED→ SC042401 · est 1965	£3.00M £2.15M–£3.86M	—	—	53	60y	87	61y
WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→ SC101441 · est 1986	£968.2k £691.5k–£1.24M	—	—	66	39y	85	70y
INSITE CONTRACTS LIMITED→ SC162464 · est 1996	£682.9k £487.8k–£878.0k	—	—	47	30y	85	60y
TARPAVE LIMITED→ SC240089 · est 2002	£32.6k £23.3k–£41.9k	£2.30M	—	1100	23y	84	65y
A H F CONSTRUCTION MANAGEMENT LTD.→ SC352436 · est 2008	—	—	£2.19M	—	17y	83	58y
ALGAS MEDICAL INSTALLATIONS LIMITED→ SC284549 · est 2005	—	—	—	2200	21y	83	70y

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

Incorporated2019-04-03

Jurisdictionscotland

Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Office 1, 9 Newton Place

Glasgow

G3 7PR

Scotland

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-04-16

Last: 2026-04-02

Officers (1 active · 0 resigned)

DULAI, Baljit→

director · ~37y · appointed 2019-04-03

View their other companies + combined net worth →

Active

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

Recent filings (20 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-14

accounts-with-accounts-type-micro-entity

accounts · AA

2026-01-30

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2026-01-28

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2025-05-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-20

accounts-with-accounts-type-micro-entity

accounts · AA

2025-01-23

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-05-06

accounts-with-accounts-type-micro-entity

accounts · AA

2023-08-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-04-24

accounts-with-accounts-type-micro-entity

accounts · AA

2022-06-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-04-25

accounts-with-accounts-type-micro-entity

accounts · AA

2021-11-16

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2021-09-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-04-26

accounts-with-accounts-type-micro-entity

accounts · AA

2020-12-27