LSG CAPITAL LIMITED

🌿Early-stageactive
SC794469 · ltd · incorporated 2024-01-08
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 Mar 2025
Net worth
£-146.2k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed asset-holding vehicle — 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. Most likely exit: distressed disposal / insolvency (65/100).

Data confidence

Overall: medium (75/100)

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
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
14 filings on record
85
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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £146,185

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2.5m
Net Worth
-£146k
Current Assets
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-31
Cash£2.49M
Net assets£-146.2k

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
0
filings
Last 90 days
0
filings
Last 180 days
7
filings
  • 2 persons-with-significant-control
  • 2 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (15 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-12-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-11-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-11-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-11-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-04-18
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  8. 2024-03-25
    📄
    capital-name-of-class-of-shares
    capital · SH08
  9. 2024-03-25
    📄
    capital-allotment-shares
    capital · SH01
  10. 2024-03-22
    📄
    resolution
    resolution · RESOLUTIONS
  11. 2024-03-22
    📄
    memorandum-articles
    incorporation · MA
  12. 2024-01-08
    🏢
    Company incorporated
    As LSG CAPITAL LIMITED
  13. 2024-01-08
    GEORGE, Stuart Allan appointed
    director
  14. 2024-01-08
    STEELE, Lawson Douglas appointed
    director
  15. 2024-01-08
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Young company: Only 2.3 years old — management layer unlikely to be developed.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
Windward Sg Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Windward Ls Limited
Corporate parent · holds 25-50% shares
significant stake
LSG CAPITAL LIMITED
This company · SC794469

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Windward Sg Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting08/01/2024
Windward Ls Limited
Corporate entity
2550%
25–50%25-50% shares · 25-50% voting08/01/2024

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

7 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
Incorporated2024-01-08
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

C/O Johnston Carmichael
227 West George Street
Glasgow
G2 2ND
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07

Officers (2 active · 0 resigned)

GEORGE, Stuart Allan
director · ~39y · appointed 2024-01-08
View their other companies + combined net worth →
Active
STEELE, Lawson Douglas
director · ~41y · appointed 2024-01-08
View their other companies + combined net worth →
Active

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

Recent filings (14 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-03
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-03
change-person-director-company-with-change-date
officers · CH01
2025-11-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-18
change-person-director-company-with-change-date
officers · CH01
2025-11-18
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-25
change-account-reference-date-company-current-extended
accounts · AA01
2024-04-18
capital-name-of-class-of-shares
capital · SH08
2024-03-25
capital-allotment-shares
capital · SH01
2024-03-25
resolution
resolution · RESOLUTIONS
2024-03-22
memorandum-articles
incorporation · MA
2024-03-22
incorporation-company
incorporation · NEWINC
2024-01-08