PLEIN AIR SCOTLAND LTD

💤Zombieactive
SC724072 · ltd · incorporated 2022-02-22
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
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Turnover
year to Mar 2025
Net worth
£81.3k
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 70/100. Strong seller-intent signal (60/100, director aged 69). 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 (78/100)

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
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
Network not yet resolved
30
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
75/100Strong
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
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 £81,257
Cash YoY
+34%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£70k
↑ 34% YoY
Net Worth
£81k
↑ 25% YoY
Current Assets
£91k
↑ 27% YoY
Current Liabilities
£0£18k£37k£55k£73k£91kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£81.3k£64.9k
Current assets£91.3k£72.1k
Cash£70.0k£52.1k
Debtors£1.3k
Net assets£81.3k£64.9k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (8 events)Click to expand
  1. 2025-11-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2023-11-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-03-16
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  5. 2023-03-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-02-22
    🏢
    Company incorporated
    As PLEIN AIR SCOTLAND LTD
  7. 2022-02-22
    SMITH, David appointed
    director
  8. 2022-02-22
    📄
    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 age: Director aged approximately 69 — succession pressure is live.

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 69. 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.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David Smith
Individual · British · DOB 11/1957 · age 69
75100%
75–100%board control75-100% shares · 75-100% voting · board control22/02/2022

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

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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
Incorporated2022-02-22
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

6 Arisaig Drive
Bearsden
Glasgow
G61 2PE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-27
Last: 2025-11-13

Officers (1 active · 0 resigned)

SMITH, David
director · ~69y · appointed 2022-02-22
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)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-20
change-account-reference-date-company-current-extended
accounts · AA01
2023-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-01
incorporation-company
incorporation · NEWINC
2022-02-22