GLOW HOMES AYRSHIRE ESTATE AGENTS LTD

🚨Distressedactive
SC671515 · ltd · incorporated 2020-08-20
Investment thesis
Attractive distress candidate — real problems but workable structure.
Why interesting: Falling signals but no deal-breakers yet; room for negotiation and turnaround.
Why risky: Signals worsening; needs speed and capital discipline.
Why now
Window opening · high confidence
Window opening — thesis has shifted to "distressed attractive" in the last 30 days.
  • · Lifecycle stage: established → distressed
  • · Investment thesis: stable_asset_backed → distressed_attractive
  • · Hygiene score: 90 → 50
  • · Bankability: 75 → 55
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "distressed"
What changed my view
Last 30 days

Picture worsened over the last 30 days — 4 negative signals vs 0 positive.

  • ↓Lifecycle stage: established → distressed
  • ·Investment thesis: stable_asset_backed → distressed_attractive
  • ↓Opportunity score: 72 → 62
  • ↓Hygiene score: 90 → 50
  • ↓Bankability: 75 → 55
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
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£-21.5k
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Real estate agencies
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 55/100. 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: distressed disposal / insolvency (65/100).

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 (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
16 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £21,541

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
-£22k
↓ 44% YoY
Current Assets
£1k
↓ 65% YoY
Current Liabilities
—
-£22k-£16k-£11k-£6k-£1k£4kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-08-312023-08-31
Total assets£-19.3k£-12.7k
Current assets£1.4k£4.0k
Net assets£-21.5k£-14.9k

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

🔒Filing-note intelligence

1 signal 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 (14 events)Click to expand
  1. 2025-03-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-12-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-05-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2023-10-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2023-10-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-10-16
    ➕
    CONNELLY, Melanie appointed
    director
  8. 2023-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2022-07-22
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2022-07-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2022-07-19
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2020-08-20
    🏢
    Company incorporated
    As GLOW HOMES AYRSHIRE ESTATE AGENTS LTD
  13. 2020-08-20
    ➕
    CONNELLY, Jason appointed
    director
  14. 2020-08-20
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 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: 2026-05-31

Group structure

Glow Homes Letting & Sales Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Glow Homes Letting & Sales Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
GLOW HOMES AYRSHIRE ESTATE AGENTS LTD
This company · SC671515

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Glow Homes Letting & Sales Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control20/08/2020
Mr Jason John Connelly
Individual · British · DOB 04/1994 · age 32
—25–50%25-50% voting29/11/2024
Mrs Melanie Connelly
Individual · British · DOB 07/1987 · age 39
—25–50%25-50% voting29/11/2024

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
Incorporated2020-08-20
Jurisdictionscotland
Primary SIC68310 — Real estate agencies

Registered office

49 Vernon Street
Saltcoats
KA21 5HE
Scotland

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-23
Last: 2025-08-09

Officers (2 active · 0 resigned)

CONNELLY, Jason→
director · ~32y · appointed 2020-08-20
View their other companies + combined net worth →
Active
CONNELLY, Melanie→
director · ~39y · appointed 2023-10-16
View their other companies + combined net worth →
Active

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

Recent filings (16 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-20
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-23
appoint-person-director-company-with-name-date
officers · AP01
2023-10-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-21
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
gazette-filings-brought-up-to-date
gazette · DISS40
2022-07-22
accounts-with-accounts-type-dormant
accounts · AA
2022-07-21
gazette-notice-compulsory
gazette · GAZ1
2022-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-05