THE SHIEL LIMITED

💤Zombieactive
SC683973 · ltd · incorporated 2020-12-18
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 Sept 2024
Net worth
£-87.3k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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 (73/100).

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
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
23 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £87,280
Very low cash
Cash position: £1
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1
~ YoY
Net Worth
-£87k
↓ 46% YoY
Current Assets
£767
~ YoY
Current Liabilities
-£87k-£70k-£52k-£34k-£17k£767Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-09-302023-09-30
Total assets£-87.3k£-59.9k
Current assets£767£767
Cash£1£1
Debtors£766£766
Net assets£-87.3k£-59.9k

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 (23 events)Click to expand
  1. 2025-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-04
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  3. 2025-06-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-06-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2025-05-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-06-22
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  10. 2022-06-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2022-06-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2022-06-21
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  13. 2022-06-15
    MEL COSEC LTD appointed
    corporate-secretary
  14. 2021-06-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-05-27
    WALKER, Christopher John appointed
    director
  16. 2021-05-27
    FRAIN, Mhairi resigned
    director
  17. 2021-05-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2021-05-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2021-05-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2021-05-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2020-12-18
    🏢
    Company incorporated
    As THE SHIEL LIMITED
  22. 2020-12-18
    FRAIN, Mhairi appointed
    director
  23. 2020-12-18
    📄
    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 62 — 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 62. 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.)

Group structure

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

🏛️
Teviot Wf Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
THE SHIEL LIMITED
This company · SC683973

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
Teviot Wf Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control16/06/2022
2 historic (ceased) PSCs
  • Muirhall Energy Limitedceased 16/06/2022· 75-100% shares · 75-100% voting · board control
  • Mrs Mhairi Frainceased 27/05/2021· 75-100% shares · 75-100% voting · board control

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

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
Incorporated2020-12-18
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

3rd Floor, Maxim 10
Parklands Avenue
Motherwell
ML1 4WQ
United Kingdom

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-04
Last: 2025-05-21

Officers (2 active · 1 resigned)

MEL COSEC LTD
corporate-secretary · appointed 2022-06-15
View their other companies + combined net worth →
Active
WALKER, Christopher John
director · ~62y · appointed 2021-05-27
View their other companies + combined net worth →
Active
FRAIN, Mhairi
director · ~58y · appointed 2020-12-18 · resigned 2021-05-27
Resigned

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

Recent filings (23 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-23
change-corporate-secretary-company-with-change-date
officers · CH04
2025-06-04
change-person-director-company-with-change-date
officers · CH01
2025-06-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-06-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-07
change-account-reference-date-company-current-shortened
accounts · AA01
2022-06-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-06-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-22
appoint-corporate-secretary-company-with-name-date
officers · AP04
2022-06-21