GRAY GAS SERVICES LTD

💤Zombieactive
SC710940 · ltd · incorporated 2021-09-30
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 steady · medium confidence
Mixed signals — 1 changes over 30 days, no clear direction yet.
  • · Filings: 10 → 11
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Filings: 1011
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 Sept 2025
Net worth
£34.9k
book net assets
Opportunity
70/100
Strong
🔔
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: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 70/100. 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 (58/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
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
Network not yet resolved
30
Filing history
11 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
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
Positive net assets
Net assets £34,891
Cash YoY
-7%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£30k
↓ 6.8% YoY
Net Worth
£35k
↑ 11% YoY
Current Assets
Current Liabilities
£0£7k£14k£21k£28k£35kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£34.9k£31.5k£17.6k
Cash£29.7k£31.9k£20.8k
Net assets£34.9k£31.5k£17.6k

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
1
filing
  • 1 accounts
Last 180 days
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (9 events)Click to expand
  1. 2026-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  6. 2023-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-30
    🏢
    Company incorporated
    As GRAY GAS SERVICES LTD
  8. 2021-09-30
    GRAY, Johnathan appointed
    director
  9. 2021-09-30
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

90/100
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 name in company name: Company name contains director surname "GRAY" — strong identity link between founder and business.

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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Tracy Gray
Individual · Scottish · DOB 06/1975 · age 51
2550%
25–50%25-50% shares · 25-50% voting01/10/2021
Mr Johnathan Gray
Individual · British · DOB 09/1974 · age 52
2550%
25–50%board control25-50% shares · 25-50% voting · board control30/09/2021

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Construction · DD postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
KILMAC LTD
SC458759 · est 2013
£6.45M
£4.61M£8.30M
1600012y8458y
GUILD HOMES (TAYSIDE) LTD.
SC170248 · est 1996
£2.17M
£1.55M£2.79M
3429y8463y
D J LAING (CONTRACTS) LIMITED
SC087805 · est 1984
£1.52M
£1.08M£1.95M
5742y8779y
ANGUS DECORATING COMPANY LIMITED
SC056282 · est 1974
£1.48M
£1.06M£1.90M
6551y8363y
ROCKNOWE INTERIORS LIMITED
SC489276 · est 2014
£634.1k
£452.9k£815.3k
110011y8575y
FLAGSHIP PROPERTY CARE LIMITED
SC560189 · est 2017
£34.1k
£24.4k£43.9k
09y8383y
DOUBLE KWIK SCAFFOLDING LIMITED
SC145539 · est 1993
32y8365y
ISLAND LEISURE LIMITED
SC119182 · est 1989
2336y8364y
JACKSON STEEL STRUCTURES LIMITED
SC047786 · est 1970
£1.45M55y8360y
JAMES LAMMOND LIMITED
SC258479 · est 2003
380022y8362y
M & M PLUMBING & HEATING SUPPLIES LIMITED
SC333448 · est 2007
230018y8363y
MARTIN ALAN CONSTRUCTION LIMITED
SC227220 · est 2002
5324y8369y
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
Incorporated2021-09-30
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

58 Long Lane
Broughty Ferry
Dundee
DD5 1HH
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-13
Last: 2025-09-29

Officers (1 active · 0 resigned)

GRAY, Johnathan
director · ~52y · appointed 2021-09-30
View their other companies + combined net worth →
Active

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

Recent filings (11 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-26
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08
incorporation-company
incorporation · NEWINC
2021-09-30