GLASGOW GAS LIMITED

💤Zombieactive
SC670704 · ltd · incorporated 2020-08-13
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 Aug 2023
Net worth
£135
book net assets
Opportunity
54/100
Worth a look
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Special-situation opportunity
Distressed construction with salvageable qualities — special-situations priority.

Opportunity 54/100 (worth a look), bankability 45/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
15 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
40
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £135

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
£135
~ YoY
Current Assets
£100
~ YoY
Current Liabilities
£0£27£54£81£108£135Aug 2022Aug 2023

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2023-08-312022-08-31
Total assets£100£135
Current assets£100£100
Net assets£135£135

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

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 (15 events)Click to expand
  1. 2025-07-15
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  2. 2025-06-10
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  3. 2025-05-29
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  4. 2024-08-27
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2024-08-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2024-08-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2022-05-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2020-09-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-09-11
    MCMILLAN, Steven Alistair appointed
    director
  12. 2020-09-11
    WARDLAW, John Robert resigned
    director
  13. 2020-08-13
    🏢
    Company incorporated
    As GLASGOW GAS LIMITED
  14. 2020-08-13
    WARDLAW, John Robert appointed
    director
  15. 2020-08-13
    📄
    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

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2025-05-31

Confirmation statement overdue
high

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

Evidence: Next due: 2025-08-26

Group structure

Coralinn Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Coralinn Llp
Corporate parent · holds 75-100% shares · board control
ultimate parent
GLASGOW GAS LIMITED
This company · SC670704

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
Coralinn Llp
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control13/08/2020

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

10 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
Incorporated2020-08-13
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Pavilion 5 291 Springhill Parkway
Glasgow
G69 6GA
United Kingdom

Filing status

Accounts
Next due: 2025-05-31OVERDUE
Last made up to: 2023-08-31
Confirmation statement
Next due: 2025-08-26OVERDUE
Last: 2024-08-12

Officers (1 active · 1 resigned)

MCMILLAN, Steven Alistair
director · ~38y · appointed 2020-09-11
View their other companies + combined net worth →
Active
WARDLAW, John Robert
director · ~62y · appointed 2020-08-13 · resigned 2020-09-11
Resigned

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

Recent filings (15 total)

dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2025-07-15
gazette-notice-voluntary
gazette · GAZ1(A)
2025-06-10
dissolution-application-strike-off-company
dissolution · DS01
2025-05-29
gazette-filings-brought-up-to-date
gazette · DISS40
2024-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-26
gazette-notice-compulsory
gazette · GAZ1
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-17
termination-director-company-with-name-termination-date
officers · TM01
2020-09-17
appoint-person-director-company-with-name-date
officers · AP01
2020-09-17
incorporation-company
incorporation · NEWINC
2020-08-13