STATION BELFAST LTD

💤Zombieactive
SC695858 · ltd · incorporated 2021-04-15
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 Apr 2025
Net worth
£-45
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 67). 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: medium (75/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
16 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £45

Key financials

1 year extracted from filed iXBRL accounts
Cash
£4k
Net Worth
-£45
Current Assets
£450k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-30
Total assets£-45
Current assets£450.1k
Cash£3.8k
Debtors£446.3k
Net assets£-45

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
2
filings
  • 1 confirmation-statement
  • 1 accounts
Last 180 days
3
filings
  • 2 accounts
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (13 events)Click to expand
  1. 2026-03-18
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  2. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-29
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  4. 2025-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-04-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-04-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-02
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2023-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-04-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2023-03-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2021-04-15
    🏢
    Company incorporated
    As STATION BELFAST LTD
  12. 2021-04-15
    GUTHRIE, Ian Arthur appointed
    director
  13. 2021-04-15
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

95/100
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.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +No director turnover: Company is 5 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

65/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • 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

Station Franchising Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Station Franchising Ltd
Corporate parent · holds 75-100% shares
ultimate parent
STATION BELFAST LTD
This company · SC695858

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Station Franchising Ltd
Corporate entity
75100%
75-100% shares15/04/2021
Mr Ian Arthur Guthrie
Individual · Scottish · DOB 08/1959 · age 67
sig. influencesignificant influence15/04/2021

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
Incorporated2021-04-15
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

Iais Level One
211 Dumbarton Road
Glasgow
G11 6AA
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-28
Last: 2026-04-14

Officers (1 active · 0 resigned)

GUTHRIE, Ian Arthur
director · ~67y · appointed 2021-04-15
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
2026-04-15
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-17
gazette-filings-brought-up-to-date
gazette · DISS40
2024-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-08
gazette-notice-compulsory
gazette · GAZ1
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
gazette-filings-brought-up-to-date
gazette · DISS40
2023-04-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
gazette-notice-compulsory
gazette · GAZ1
2023-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29