PRG (SCOTLAND) LIMITED

🌿Early-stageactive
SC760352 · ltd · incorporated 2023-02-27
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Feb 2025
Net worth
£-16.0k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 46120
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (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: Cash flow review and working-capital discipline. Cash down -67% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

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
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
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
Negative net assets
Liabilities exceed assets by £15,972
Cash draining
Cash down 67% YoY
Cash YoY
-67%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£14k
↓ 67% YoY
Net Worth
-£16k
↓ 130% YoY
Current Assets
£15k
↓ 67% YoY
Current Liabilities
-£16k-£4k£8k£20k£32k£44kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-28
Total assets£-16.0k£-7.0k
Current assets£14.8k£44.1k
Cash£13.9k£42.5k
Debtors£908£1.7k
Net assets£-16.0k£-7.0k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
1
filing
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (10 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2024-04-25
    📄
    legacy
    miscellaneous · RPCH01
  5. 2024-04-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-02-27
    🏢
    Company incorporated
    As PRG (SCOTLAND) LIMITED
  7. 2023-02-27
    GRAY, Walter Kidd appointed
    director
  8. 2023-02-27
    HUTCHINS, Richard appointed
    director
  9. 2023-02-27
    ROBERTSON, James Reid appointed
    director
  10. 2023-02-27
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.

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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Reid Robertson
Individual · British · DOB 12/1960 · age 66
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/02/2023
Mr Walter Kidd Gray
Individual · British · DOB 12/1948 · age 78
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/02/2023
Mr Richard Hutchins
Individual · British · DOB 08/1966 · age 60
2550%
25–50%board control25-50% shares · 25-50% voting · board control27/02/2023
1 historic (ceased) PSC
  • Mr Richard Hutchinsceased 28/03/2024· 25-50% shares · 25-50% voting · board control

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 →

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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
Incorporated2023-02-27
Jurisdictionscotland
Primary SIC46120 — SIC 46120

Registered office

29 Brandon Street
Hamilton
ML3 6DA
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-09-30
Last: 2025-09-16

Officers (3 active · 0 resigned)

GRAY, Walter Kidd
director · ~78y · appointed 2023-02-27
View their other companies + combined net worth →
Active
HUTCHINS, Richard
director · ~60y · appointed 2023-02-27
View their other companies + combined net worth →
Active
ROBERTSON, James Reid
director · ~66y · appointed 2023-02-27
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-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-07-03
legacy
miscellaneous · RPCH01
2024-04-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-03
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-27
incorporation-company
incorporation · NEWINC
2023-02-27