COMFORT SEATING UK LTD

💤Zombieactive
SC658711 · ltd · incorporated 2020-04-02
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
—
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Turnover
—
year to Apr 2024
Net worth
£-100.7k
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Wholesale of furniture, carpets and lighting equipment
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 78/100 (strong), bankability 80/100. 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 (73/100).

🏦

Refinance opportunity

1 live charge · oldest 2.7y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.7 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
20 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £100,739

Key financials

2 years extracted from filed iXBRL accounts
Cash
£275k
Net Worth
-£101k
Current Assets
£926k
Current Liabilities
—
-£101k£105k£310k£515k£720k£926kApr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-04-302023-04-30
Total assets£-90.4k—
Current assets£925.5k—
Cash£275.5k—
Debtors£382.0k—
Net assets£-100.7k—

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
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-03-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-10-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2023-10-06
    🔒
    Charge registered #1
    Lender: Agm Holdings Limited
  5. 2023-08-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-08-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-08-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2023-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-04-30
    ➖
    LOUDOUN, Ruth resigned
    director
  11. 2023-04-30
    ➖
    MCGREADY, Alisdair resigned
    director
  12. 2023-01-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2020-04-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2020-04-08
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  16. 2020-04-02
    🏢
    Company incorporated
    As COMFORT SEATING UK LTD
  17. 2020-04-02
    ➕
    WALLACE, Shirley Janet appointed
    director
  18. 2020-04-02
    ➕
    LOUDOUN, Ruth appointed
    director
  19. 2020-04-02
    ➕
    MCGREADY, Alisdair appointed
    director
  20. 2020-04-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2020-04-02
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

83/100
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.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kerry Michael
Individual · British · DOB 07/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting30/04/2023
Ms Shirley Janet Wallace
Individual · British · DOB 01/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting02/04/2020

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

Similar companies

Active · Wholesale & distribution · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
DURACARE LIMITED→
SC550705 · est 2016
£8.14M
£6.11M–£10.18M
——59009y8476y
NOBEL NC EUROPE LIMITED→
SC355464 · est 2009
£5.56M
£4.17M–£6.95M
——917y8581y
NOBEL TRADING LIMITED→
SC245627 · est 2003
£4.40M
£3.30M–£5.50M
——023y8581y
COASTLINE ADHESIVE TAPES LIMITED→
SC163345 · est 1996
——£1.01M—30y8365y
GCBW CATRINE LTD→
SC022403 · est 1943 · no financials extracted
————83y8374y
INTER DEPENDENT PURCHASING LIMITED→
SC290783 · est 2005
——£165.9k—20y8363y
A. DEWAR RATTRAY LIMITED→
SC021038 · est 1939
——£1.02M—86y8287y
CUNNINGHAM TRUCK PARTS LIMITED→
SC285268 · est 2005
——£1.01M—20y8258y
IDENTIFICATION TECHNOLOGIES (SCOTLAND) LIMITED→
SC137822 · est 1992
——£94.2k—34y8265y
JOHN DAWSON BUTCHERS LIMITED→
SC245500 · est 2003
———160023y8258y
JOHN H MCNAE LTD.→
SC294906 · est 2005
———160020y8278y
NOVA DOG CHEWS LIMITED→
SC283109 · est 2005 · no financials extracted
————21y8259y
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
Incorporated2020-04-02
Jurisdictionscotland
Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment

Registered office

6 Miller Road
Ayr
KA7 2AY
Scotland

Filing status

Accounts
Next due: 2026-04-30
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-05-14
Last: 2025-04-30

Officers (1 active · 2 resigned)

WALLACE, Shirley Janet→
director · ~59y · appointed 2020-04-02
View their other companies + combined net worth →
Active
LOUDOUN, Ruth→
director · ~74y · appointed 2020-04-02 · resigned 2023-04-30
Resigned
MCGREADY, Alisdair→
director · ~60y · appointed 2020-04-02 · resigned 2023-04-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Agm Holdings
Agm Holdings Limited
A registered charge1 property06/10/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (20 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-10
accounts-with-accounts-type-dormant
accounts · AA
2024-03-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-10-06
change-person-director-company-with-change-date
officers · CH01
2023-08-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-08-01
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-01
termination-director-company-with-name-termination-date
officers · TM01
2023-08-01
termination-director-company-with-name-termination-date
officers · TM01
2023-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-24
accounts-with-accounts-type-dormant
accounts · AA
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-06
accounts-with-accounts-type-dormant
accounts · AA
2021-12-16