SAAC (KILMARNOCK) LIMITED

💤Zombieactive
SC632833 · ltd · incorporated 2019-06-10
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 Mar 2025
Net worth
book net assets
Opportunity
66/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 66/100 (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: Resolve: 2 insolvency-related filings on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. 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
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
Network not yet resolved
30
Filing history
31 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
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
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£0Mar 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
Average employees1100

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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-10-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2024-10-24
    📄
    capital-allotment-shares
    capital · SH01
  5. 2024-10-24
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  6. 2024-10-24
    📄
    legacy
    capital · SH20
  7. 2024-10-24
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2024-10-24
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2024-10-23
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2024-10-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2024-10-23
    📄
    capital-allotment-shares
    capital · SH01
  12. 2024-10-23
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  13. 2024-10-23
    📄
    legacy
    capital · SH20
  14. 2024-10-23
    ⚠️
    legacy
    insolvency · CAP-SS
  15. 2024-10-23
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2024-10-23
    📄
    resolution
    resolution · RESOLUTIONS
  17. 2024-10-23
    📄
    memorandum-articles
    incorporation · MA
  18. 2024-01-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2022-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2021-12-22
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2021-12-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2019-06-10
    🏢
    Company incorporated
    As SAAC (KILMARNOCK) LIMITED
  23. 2019-06-10
    WIGGINS, Stuart appointed
    director

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

1 high ·
2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2024-10-24: legacy; 2024-10-23: legacy

Group structure

Saac 2 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Saac 2 Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
SAAC (KILMARNOCK) LIMITED
This company · SC632833

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
Saac 2 Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control23/10/2024
1 historic (ceased) PSC
  • Mr Stuart Wigginsceased 23/10/2024· 50-75% shares

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

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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
Incorporated2019-06-10
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

16 Glenbrig
Darvel
KA17 0JA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-23
Last: 2025-06-09

Officers (1 active · 0 resigned)

WIGGINS, Stuart
director · ~51y · appointed 2019-06-10
View their other companies + combined net worth →
Active

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

Recent filings (31 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-10-24
capital-allotment-shares
capital · SH01
2024-10-24
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-10-24
legacy
capital · SH20
2024-10-24
legacy
insolvency · CAP-SS
2024-10-24
resolution
resolution · RESOLUTIONS
2024-10-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-10-23
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-23
capital-allotment-shares
capital · SH01
2024-10-23
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2024-10-23
legacy
capital · SH20
2024-10-23
legacy
insolvency · CAP-SS
2024-10-23