NETHANFOOT HOLDINGS LTD

💤Zombieactive
SC706444 · ltd · incorporated 2021-08-11
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 opening · high confidence
More negotiable than before — 4 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 50
  • · Bankability: 70 → 50
  • · Deal-killer verdict: workable → complicated
  • · Opportunity score: 71 → 61
Opportunity decay
softening · 6-months
Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.
  • · 4 recent signals weakening vs 0 strengthening
What changed my view
Last 30 days

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

  • Deal-killer verdict: workablecomplicated
  • Opportunity score: 7161
  • Hygiene score: 9050
  • Bankability: 7050
  • ·Distress / opportunity: avoidspeculative
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
book net assets
Opportunity
61/100
Worth a look
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — structural issues outweigh the discount.

Opportunity 61/100 (worth a look), bankability 50/100. 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).

Data confidence

Overall: high (80/100)

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
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
61/100Worth a look
PassWatchWorth a lookStrongExceptional 

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

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31

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 (7 events)Click to expand
  1. 2025-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-07-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2023-06-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-08-11
    🏢
    Company incorporated
    As NETHANFOOT HOLDINGS LTD
  6. 2021-08-11
    SMILLIE, Alan David appointed
    director
  7. 2021-08-11
    📄
    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

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Alan David Smillie
Individual · British · DOB 02/1972 · age 54
75100%
75–100%board control75-100% shares · 75-100% voting · board control11/08/2021

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 →

Similar companies

Active · Holding company · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ELLISLAND PROPERTIES LIMITED
SC230498 · est 2002
£3.39M
£2.88M£3.89M
£3.39M24y8272y
KCM HOLDINGS (SCOTLAND) LTD.
SC378862 · est 2010
£1.97M
£1.67M£2.26M
£1.97M16y8264y
SCOTWELD GROUP SERVICES LIMITED
SC183317 · est 1998
£1.85M
£1.58M£2.13M
£1.85M28y8374y
JACDAW HOLDINGS LIMITED
SC389903 · est 2010
£1.13M
£960.3k£1.30M
£1.13M15y8269y
COOLEY PROPERTIES LIMITED
SC300204 · est 2006
£765.3k
£650.5k£880.1k
£765.3k20y8272y
MOULDED FOAMS (SCOTLAND) LTD
SC311076 · est 2006
£435.6k
£370.2k£500.9k
£435.6k19y8362y
MMA GROUP LIMITED
SC179750 · est 1997
£384.4k
£326.8k£442.1k
£384.4k28y8264y
FLAGSHIP HOTELS LIMITED
SC230503 · est 2002
£234.4k
£199.2k£269.5k
£234.4k24y8272y
C SPARKS ELECTRICAL LIMITED
SC242376 · est 2003
£30.0k
£25.5k£34.5k
£30.0k23y8263y
TRIMALGAM INVESTMENTS LIMITED
SC114817 · est 1988
£21.4k
£18.2k£24.6k
£21.4k37y8280y
R.A. WOTHERSPOON LIMITED
SC030948 · est 1955
£16.1k
£13.7k£18.5k
£16.1k70y8260y
KIRKWOOD PRECISION ENGINEERS LIMITED
SC077399 · est 1982
£10.0k
£8.5k£11.5k
£10.0k44y8264y
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
Incorporated2021-08-11
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Pavillion 2 Springhill Parkway
Baillieston
Glasgow
G69 6GA
Scotland

Filing status

Accounts
Next due: 2026-05-31OVERDUE
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-29
Last: 2025-08-15

Officers (1 active · 0 resigned)

SMILLIE, Alan David
director · ~54y · appointed 2021-08-11
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-11
accounts-with-accounts-type-dormant
accounts · AA
2025-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-dormant
accounts · AA
2024-07-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-11
accounts-with-accounts-type-dormant
accounts · AA
2023-06-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-16
incorporation-company
incorporation · NEWINC
2021-08-11