GLASGOW DESIGN BOX LTD
💤Zombieactive
SC709804 · ltd · incorporated 2021-09-17
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
£1
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: Wholesale of clothing and footwear
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 80-year-old founder — textbook succession opportunity.
Opportunity 74/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 80). 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 (73/100)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
3 officers (1 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
26 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£1
Current Assets
£1
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 |
|---|---|
| Total assets | £1 |
| Current assets | £1 |
| Net assets | £1 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
7
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 2 address
Last 180 days
7
filings
- • 2 officers
- • 2 persons-with-significant-control
- • 2 address
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-03-22➖PIGGOTT, Robin Stephen resigneddirector
- 2026-03-22📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-03-22📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-03-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2026-02-26➕PIGGOTT, Michael James appointeddirector
- 2026-02-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-26📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2026-02-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-09-04📍default-companies-house-registered-office-address-appliedaddress · RP05
- 2025-09-04📍default-companies-house-service-address-applied-officeraddress · RP09
- 2025-09-04📍default-companies-house-service-address-applied-pscaddress · RP10
- 2024-10-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-11✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-04-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-04-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-04-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-04-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-03-27➕PIGGOTT, Robin Stephen appointeddirector
- 2024-03-27➖SZEWCZYK, Grzegorz resigneddirector
- 2023-04-04📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-28📄change-person-director-company-with-change-dateofficers · CH01
- 2022-09-28📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-09-17🏢Company incorporatedAs GLASGOW DESIGN BOX LTD
- 2021-09-17➕SZEWCZYK, Grzegorz appointeddirector
Owner dependency
90/100
Critical — business is the founderThe 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 80 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 lowMultiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael James Piggott Individual · British · DOB 11/1946 · age 80 | — | — | sig. influencesignificant influence | 26/02/2026 |
2 historic (ceased) PSCs
- Mr Robin Stephen Piggottceased 22/03/2026· 75-100% shares · 75-100% voting · board control
- Mr Grzegorz Szewczykceased 27/03/2024· 75-100% shares · 75-100% voting
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 · Wholesale & distribution · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FERGUSON WHISKY LIMITED→ SC705544 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FIRST HALAL MEAT LTD→ SC707980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FKBTEX LIMITED→ SC884014 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FORNAX TRADING LIMITED→ SC709904 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FUSIONTEL LTD→ SC804980 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| G & KM LIMITED→ SC666877 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GARDENFURNITURE4U DIRECT LTD→ SC666698 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GAUGERS SHARE LIMITED→ SC733709 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| GET FULLY FURNISHED RETAIL LTD→ SC444975 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| GIFTS IMPORTING LIMITED→ SC732888 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| GLASGOW FIXINGS LTD→ SC790926 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GLASGOW PARQUET LTD→ SC706736 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2021-09-17
Jurisdictionscotland
Primary SIC46420 — Wholesale of clothing and footwear
Registered office
Clyde Offices, 2nd Floor
48 West George Street
Glasgow
G2 1BP
Scotland
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-04-19
Last: 2026-04-05
Officers (1 active · 2 resigned)
PIGGOTT, Michael James→
Activedirector · ~80y · appointed 2026-02-26
View their other companies + combined net worth →
PIGGOTT, Robin Stephen→
Resigneddirector · ~55y · appointed 2024-03-27 · resigned 2026-03-22
SZEWCZYK, Grzegorz→
Resigneddirector · ~41y · appointed 2021-09-17 · resigned 2024-03-27
Click a director name to see their full track record across all companies.
Recent filings (26 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-06
termination-director-company-with-name-termination-date
officers · TM01
2026-03-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-22
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-12
appoint-person-director-company-with-name-date
officers · AP01
2026-02-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-02-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-25
default-companies-house-registered-office-address-applied
address · RP05
2025-09-04
default-companies-house-service-address-applied-officer
address · RP09
2025-09-04
default-companies-house-service-address-applied-psc
address · RP10
2025-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-29
certificate-change-of-name-company
change-of-name · CERTNM
2024-04-11
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-05
termination-director-company-with-name-termination-date
officers · TM01
2024-04-05