GLASGOW CRYSTALS LTD

💤Zombieactive
SC767233 · ltd · incorporated 2023-04-25
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 closing · high confidence
Getting harder to buy cheaply — 4 signals strengthening over the last 30 days.
  • · Hygiene score: 70 → 90
  • · Deal-killer verdict: workable → complicated
  • · Opportunity score: 62 → 71
  • · Bankability: 60 → 70
Opportunity decay
hardening · 6-months
Hardening — profile is tightening. If you want to act, do it before the window closes further.
  • · 4 recent signals strengthening vs 1 weakening
What changed my view
Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 1 negative.

  • Deal-killer verdict: workablecomplicated
  • Opportunity score: 6271
  • Hygiene score: 7090
  • Bankability: 6070
  • Filings: 56
  • +1 more
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 Apr 2025
Net worth
£-3.0k
book net assets
Opportunity
71/100
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: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 47990Other retail sale not in stores, stalls or markets
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (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: distressed disposal / insolvency (65/100).

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, 2 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
1 connected companies via shared directors
48
Filing history
6 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £2,996

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
-£3k
Current Assets
£9k
Current Liabilities
-£3k-£510£2k£4k£7k£9kApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-04-302024-04-30
Total assets£-2.4k
Current assets£9.4k
Net assets£-3.0k

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (5 events)Click to expand
  1. 2025-05-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-04-25
    🏢
    Company incorporated
    As GLASGOW CRYSTALS LTD
  4. 2023-04-25
    ADIL, Ali appointed
    director
  5. 2023-04-25
    📄
    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

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 Ali Adil
Individual · British · DOB 10/1990 · age 36
75100%
75–100%board control75-100% shares · 75-100% voting · board control25/04/2023

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 · Retail · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
OPTICAL EXPRESS (GYLE) LIMITED
SC150432 · est 1994
£10.52M
£7.89M£13.15M
830032y8558y
AFFORDABLE GOLF LTD.
SC350505 · est 2008
£3.72M
£2.79M£4.65M
530017y8763y
ABBEY CHEMISTS LTD
SC323221 · est 2007
390019y8367y
APPLE HEALTHCARE EDINBURGH LTD
SC339804 · est 2008
£478.1k18y8358y
CAMERON INTERIORS LIMITED
SC069523 · est 1979
£227.8k46y8358y
CATHERINE'S OF PARTICK LIMITED
SC099085 · est 1986
£1.48M40y8378y
DUNCAN YACHT CHANDLERS LIMITED
SC265044 · est 2004
50022y8360y
HELENSBURGH FLOORPLAN (1983) LIMITED
SC083345 · est 1983
1443y8377y
HUNTER FURNISHINGS LIMITED
SC295684 · est 2006
£846.0k20y8384y
ITALIAN AROMA COFFEE LIMITED
SC139395 · est 1992
1133y8359y
LOMO INDUSTRIES LTD.
SC203510 · est 2000
£1.18M26y8358y
LOUD & CLEAR (EDINBURGH) LIMITED
SC197065 · est 1999
826y8361y
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
Incorporated2023-04-25
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

0/2 151 Paisley Road West
Glasgow
G51 1JQ
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-05-08
Last: 2026-04-24

Officers (1 active · 0 resigned)

ADIL, Ali
director · ~36y · appointed 2023-04-25
View their other companies + combined net worth →
Active

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

Recent filings (6 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-19
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-07
incorporation-company
incorporation · NEWINC
2023-04-25