WCM SCOTLAND LTD

💤Zombieactive

SC773186 · ltd · incorporated 2023-06-20

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 · high confidence

Thesis has shifted recently — watch for confirmation.

· Lifecycle stage: early → zombie
· Investment thesis: growth_story → zombie_hold
· Hygiene score: 50 → 30
· Opportunity score: 60 → 52

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "zombie"

What changed my view

Last 30 days

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

↓Lifecycle stage: early → zombie
·Investment thesis: growth_story → zombie_hold
↓Opportunity score: 60 → 52
↓Hygiene score: 50 → 30
↓Bankability: 50 → 40
+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 Jun 2024

Net worth

—

book net assets

Opportunity

52/100

Worth a look

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

What this business does

Primary activity: Renting and leasing of cars and light motor vehicles

Sector: Administrative & support services

Investor take

Pass (distressed without resilience)

Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 52/100 (worth a look), bankability 40/100. 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). Current lenders should be on monthly review.

Data confidence

Overall: medium (69/100)

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

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

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

6 filings

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

52/100Worth 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

Multiple red flags — proceed with caution.

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	2024-06-30

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

Recent activity

Last 30 days

filing

• 1 dissolution

Last 90 days

filings

• 1 dissolution
• 1 gazette

Last 180 days

filings

• 1 dissolution
• 1 gazette
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (6 events)Click to expand

2026-07-16
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2026-05-26
📄
gazette-notice-compulsory
gazette · GAZ1
2026-03-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-20
🏢
Company incorporated
As WCM SCOTLAND LTD
2023-06-20
➕
LIVINGSTONE, Stuart Eric appointed
director
2023-06-20
📄
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

2 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: 2026-03-31

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-03

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart Eric Livingstone Individual · British · DOB 12/1979 · age 47	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	20/06/2023

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

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FORBES LESLIE NETWORK LIMITED→ SC148828 · est 1994	—	—	—	14	32y	83	62y
HEBRIDEAN WHALE AND DOLPHIN TRUST LIMITED→ SC172338 · est 1997 · no financials extracted	—	—	—	—	29y	83	79y
STIRLING & MAIR LIMITED→ SC261547 · est 2004	—	—	£184.0k	—	22y	83	61y
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CASTLETON HOLDINGS LIMITED→ SC246219 · est 2003	—	—	—	0	23y	82	76y
DINARDO PARTNERSHIP LIMITED→ SC124667 · est 1990	—	—	—	100	36y	82	61y
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K A BUSINESS SYSTEMS LIMITED→ SC204602 · est 2000	—	—	£5.6k	—	26y	82	63y
LOBNITZ MARINE HOLDINGS LIMITED→ SC155853 · est 1995	—	—	—	4	31y	82	72y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

11 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.

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Company details

Statusactive

Typeltd

Incorporated2023-06-20

Jurisdictionscotland

Primary SIC77110 — Renting and leasing of cars and light motor vehicles

Registered office

4 Smithston Cottages

Inverkip Road

Greenock

PA16 9EY

Scotland

Filing status

Accounts

Next due: 2026-03-31OVERDUE

Last made up to: 2024-06-30

Confirmation statement

Next due: 2026-07-03OVERDUE

Last: 2025-06-19

Officers (1 active · 0 resigned)

LIVINGSTONE, Stuart Eric→

director · ~47y · appointed 2023-06-20

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)

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2026-07-16

gazette-notice-compulsory

gazette · GAZ1

2026-05-26

accounts-with-accounts-type-dormant

accounts · AA

2026-03-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-08-05

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-17

incorporation-company

incorporation · NEWINC

2023-06-20