INTERNATIONAL CARPETS LIMITED

💤Zombieactive

SC737866 · ltd · incorporated 2022-07-08

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 · low confidence

Steady and stalled — no momentum either way. Needs an approach trigger.

What changed my view

Last 30 days

No material changes in the last 30 days.

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 Jul 2024

Net worth

—

book net assets

Opportunity

61/100

Worth a look

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — 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: medium (70/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

3 officers (1 active, 3 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

16 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

61/100Worth a look

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-07-31
Average employees	100

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

filings

Last 90 days

filing

• 1 address

Last 180 days

filing

• 1 address

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2026-04-15
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-11
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-06
📄
accounts-amended-with-accounts-type-micro-entity
accounts · AAMD
2024-09-14
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2024-09-03
📄
gazette-notice-compulsory
gazette · GAZ1
2024-04-10
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-16
➖
MCNAUGHT, James resigned
director
2023-06-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-06-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-03-06
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-03-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-01
➕
KELLY, Stuart appointed
director
2023-03-01
➖
KELLY, Hugh resigned
director
2023-03-01
➕
MCNAUGHT, James appointed
director
2022-07-08
🏢
Company incorporated
As INTERNATIONAL CARPETS LIMITED
2022-07-08
➕
KELLY, Hugh appointed
director
2022-07-08
📄
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: 2026-04-30

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart Kelly Individual · Scottish · DOB 07/1983 · age 43	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	01/03/2023

1 historic (ceased) PSC

Mr Hugh Kellyceased 01/03/2023· 75-100% shares · 75-100% voting · board control

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

Similar companies

Active · Retail · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
OPTICAL EXPRESS (GYLE) LIMITED→ SC150432 · est 1994	£10.52M £7.89M–£13.15M	—	—	8300	32y	85	58y
AFFORDABLE GOLF LTD.→ SC350505 · est 2008	£3.72M £2.79M–£4.65M	—	—	5300	17y	87	63y
ABBEY CHEMISTS LTD→ SC323221 · est 2007	—	—	—	3900	19y	83	67y
APPLE HEALTHCARE EDINBURGH LTD→ SC339804 · est 2008	—	—	£478.1k	—	18y	83	58y
CAMERON INTERIORS LIMITED→ SC069523 · est 1979	—	—	£227.8k	—	46y	83	58y
CATHERINE'S OF PARTICK LIMITED→ SC099085 · est 1986	—	—	£1.48M	—	40y	83	78y
DUNCAN YACHT CHANDLERS LIMITED→ SC265044 · est 2004	—	—	—	500	22y	83	60y
HELENSBURGH FLOORPLAN (1983) LIMITED→ SC083345 · est 1983	—	—	—	14	43y	83	77y
HUNTER FURNISHINGS LIMITED→ SC295684 · est 2006	—	—	£846.0k	—	20y	83	84y
ITALIAN AROMA COFFEE LIMITED→ SC139395 · est 1992	—	—	—	11	33y	83	59y
LOMO INDUSTRIES LTD.→ SC203510 · est 2000	—	—	£1.18M	—	26y	83	58y
LOUD & CLEAR (EDINBURGH) LIMITED→ SC197065 · est 1999	—	—	—	8	27y	83	61y

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

Incorporated2022-07-08

Jurisdictionscotland

Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

565 Shettleston Road

Glasgow

G31 5JT

Scotland

Filing status

Accounts

Next due: 2026-04-30OVERDUE

Last made up to: 2024-07-31

Confirmation statement

Next due: 2026-06-30

Last: 2025-06-16

Officers (1 active · 2 resigned)

KELLY, Stuart→

director · ~43y · appointed 2023-03-01

View their other companies + combined net worth →

Active

KELLY, Hugh→

director · ~66y · appointed 2022-07-08 · resigned 2023-03-01

Resigned

MCNAUGHT, James→

director · ~43y · appointed 2023-03-01 · resigned 2023-06-16

Resigned

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

Recent filings (16 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-04-15

accounts-with-accounts-type-micro-entity

accounts · AA

2025-07-11

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-06-19

accounts-amended-with-accounts-type-micro-entity

accounts · AAMD

2024-12-06

gazette-filings-brought-up-to-date

gazette · DISS40

2024-09-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-09-11

gazette-notice-compulsory

gazette · GAZ1

2024-09-03

accounts-with-accounts-type-dormant

accounts · AA

2024-04-10

confirmation-statement-with-updates

confirmation-statement · CS01

2023-06-16

termination-director-company-with-name-termination-date

officers · TM01

2023-06-16

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2023-06-16

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2023-03-06

termination-director-company-with-name-termination-date

officers · TM01

2023-03-06

appoint-person-director-company-with-name-date

officers · AP01

2023-03-06

appoint-person-director-company-with-name-date

officers · AP01

2023-03-06