G P SMART & SON LTD

💤Zombieactive

SC774071 · ltd · incorporated 2023-06-28

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: 90 → 50
· Bankability: 75 → 55

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 — 5 negative signals vs 1 positive.

↓Lifecycle stage: early → zombie
·Investment thesis: growth_story → zombie_hold
↓Opportunity score: 76 → 66
↓Hygiene score: 90 → 50
↓Bankability: 75 → 55
+3 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

66/100

Strong

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

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 66/100 (strong), bankability 55/100. 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 (53/100).

🏦

Refinance opportunity

1 live charge · oldest 1.9y

10/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Newest facility, 1.9 years old — likely still in initial term.
· Single lender — cleanest path to refinance.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (2 active, 4 linked, 3 with DOB)

Ownership & PSC

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

Director network

5 connected companies via shared directors

Filing history

15 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

66/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

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
Average employees	400

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

🔒Filing-note intelligence

3 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

filings

• 1 accounts
• 1 other

Last 90 days

filings

• 1 accounts
• 1 other
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 other
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-07-14
📄
legacy
accounts · PARENT_ACC
2026-07-14
📄
legacy
other · AGREEMENT2
2025-09-04
📄
change-account-reference-date-company-current-extended
accounts · AA01
2025-06-30
📄
accounts-with-accounts-type-small
accounts · AA
2024-09-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-26
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2023-08-17
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-03
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2023-08-03
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-07-28
➕
WATTIE, Neil Alexander appointed
director
2023-07-28
➖
FORBES, Neil David resigned
director
2023-07-28
➖
GARDNER, Ross Scott resigned
director
2023-06-28
🏢
Company incorporated
As G P SMART & SON LTD
2023-06-28
➕
STRONACHS SECRETARIES LIMITED appointed
corporate-secretary
2023-06-28
➕
FORBES, Neil David appointed
director
2023-06-28
➕
GARDNER, Ross Scott appointed
director
2023-06-28
📄
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 66 — 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 66. 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

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: 2026-06-30

Group structure

Sellars Agriculture Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Sellars Agriculture Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

G P SMART & SON LTD

This company · SC774071

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Sellars Agriculture Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	28/07/2023

1 historic (ceased) PSC

Stronachs Nominees Limitedceased 28/07/2023· 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.

🔒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 · Trade services · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ENPRO SUBSEA LIMITED→ SC398784 · est 2011	£8.95M £6.71M–£11.19M	—	—	34	15y	84	66y
UNITY WELL INTEGRITY UK LIMITED→ SC273906 · est 2004	£5.70M £4.27M–£7.12M	—	—	8200	21y	84	62y
JAMES JAMIESON CONSTRUCTION LIMITED→ SC386496 · est 2010	£2.69M £2.02M–£3.36M	£13.65M	—	3800	15y	84	68y
CASTLETON FRUIT LTD.→ SC369372 · est 2009	£2.18M £1.63M–£2.72M	£15.34M	—	30100	16y	83	52y
MINTRA LTD→ SC362194 · est 2009	£1.21M £909.4k–£1.52M	£11.76M	—	7500	16y	85	62y
ACUMEN FINANCIAL PLANNING LIMITED→ SC215343 · est 2001	—	—	£1.05M	—	25y	83	74y
ANIRAC LIMITED→ SC280789 · est 2005	—	—	£1.67M	—	21y	83	85y
ASHLEY PROPERTIES ABERDEEN LIMITED→ SC315836 · est 2007 · no financials extracted	—	—	—	—	19y	83	78y
BUILDTALL LIMITED→ SC235986 · est 2002	—	—	£4.39M	—	23y	83	59y
DRUMMUIR & BOTRIPHNIE COMMUNITY TRUST→ SC273043 · est 2004 · no financials extracted	—	—	—	—	21y	83	67y
ERT CAMELOT LIMITED→ SC301741 · est 2006 · no financials extracted	—	—	—	—	20y	83	72y
FRASERBURGH ENGINEERING CO. LTD.→ SC208965 · est 2000	—	—	£1.02M	—	26y	83	63y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated2023-06-28

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

28 Albyn Place

Aberdeen

AB10 1YL

United Kingdom

Filing status

Accounts

Next due: 2026-06-30OVERDUE

Last made up to: 2024-06-30

Confirmation statement

Next due: 2027-06-22

Last: 2026-06-08

Officers (2 active · 2 resigned)

STRONACHS SECRETARIES LIMITED→

corporate-secretary · appointed 2023-06-28

View their other companies + combined net worth →

Active

WATTIE, Neil Alexander→

director · ~66y · appointed 2023-07-28

View their other companies + combined net worth →

Active

FORBES, Neil David→

director · ~56y · appointed 2023-06-28 · resigned 2023-07-28

Resigned

GARDNER, Ross Scott→

director · ~49y · appointed 2023-06-28 · resigned 2023-07-28

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	26/08/2024	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (15 total)

legacy

accounts · PARENT_ACC

2026-07-14

legacy

other · AGREEMENT2

2026-07-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-06-08

change-account-reference-date-company-current-extended

accounts · AA01

2025-09-04

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-10

accounts-with-accounts-type-small

accounts · AA

2025-06-30

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-09-04

confirmation-statement-with-updates

confirmation-statement · CS01

2024-07-10

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

persons-with-significant-control · PSC07

2023-08-17

certificate-change-of-name-company

change-of-name · CERTNM

2023-08-03

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

persons-with-significant-control · PSC02

2023-08-03

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

officers · TM01

2023-08-02

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

officers · TM01

2023-08-02

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

officers · AP01

2023-08-02

incorporation-company

incorporation · NEWINC

2023-06-28