GENERAL PARTNER NO.5 LP

💤Zombieactive
SL006028 · limited-partnership · incorporated 2007-03-26
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.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
63/100
Worth a look
🔔
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What this business does

Likely a pure holding or investment vehicle structured as a Scottish limited partnership, with no registered trading activity (no SIC codes), minimal filing history, and recent changes to persons with significant control suggesting it serves as a passive financial or fund management conduit.

Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 63/100 (worth a look), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: No active directors on record. Company is active but has no current directors in the register. This is unusual and should be investigated. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: low (41/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, no SIC, incorporation date
80
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
No officers data
0
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
24 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
60
Adequate data — full accounts will sharpen view.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2020-06-12
    📄
    legacy
    incorporation · LP6
  2. 2020-04-17
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  3. 2020-04-06
    📄
    legacy
    incorporation · LP6
  4. 2019-04-02
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  5. 2018-05-02
    📄
    confirmation-statement-with-made-up-date
    confirmation-statement · SLPCS01
  6. 2018-04-19
    📄
    notification-of-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC01
  7. 2018-04-19
    📄
    cessation-of-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC07
  8. 2018-04-18
    📄
    legacy
    incorporation · LP6
  9. 2018-03-06
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC05
  10. 2018-03-06
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC05
  11. 2018-03-06
    📄
    change-to-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC05
  12. 2017-08-10
    📄
    notification-of-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC02
  13. 2017-08-10
    📄
    notification-of-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC02
  14. 2017-08-10
    📄
    notification-of-a-person-with-significant-control-scottish-limited-partnership
    persons-with-significant-control · SLPPSC02
  15. 2015-02-10
    📄
    legacy
    incorporation · LP6
  16. 2014-04-05
    📄
    selection-of-documents-registered-before-April-2014
    historical · PRE14
  17. 2012-07-19
    📄
    legacy
    incorporation · LP6
  18. 2012-01-06
    📄
    legacy
    incorporation · LP6
  19. 2010-12-21
    📄
    legacy
    incorporation · LP6
  20. 2010-04-07
    📄
    legacy
    incorporation · LP6
  21. 2010-04-07
    📄
    legacy
    incorporation · LP6
  22. 2010-03-26
    📄
    legacy
    incorporation · LP6
  23. 2007-03-28
    📄
    certificate-registration-limited-partnership
    incorporation · CERT12
  24. 2007-03-26
    🏢
    Company incorporated
    As GENERAL PARTNER NO.5 LP
  25. 2007-03-26
    📄
    legacy
    incorporation · LP5

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +No director turnover: Company is 19 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryStable-but-static management: Company is 19 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
No active directors on record
high

Company is active but has no current directors in the register. This is unusual and should be investigated.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️
General Partner No.1-6 Llp
Corporate parent
🏛️
Hermes Gpe Llp
Corporate parent
GENERAL PARTNER NO.5 LP
This company · SL006028

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Peter Gale
Individual · British · DOB 02/1956 · age 70
25–50%25-50% voting28/03/2018
General Partner No.1-6 Llp
Corporate entity
sig. influencesignificant influence26/06/2017
Hermes Gpe Llp
Corporate entity
sig. influencesignificant influence26/06/2017
1 historic (ceased) PSC
  • Hermes Fund Managers Limitedceased 28/03/2018· 75-100% voting

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

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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.

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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.

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Company details

Statusactive
Typelimited-partnership
Incorporated2007-03-26
Jurisdictionscotland
Primary SIC

Registered office

50 Lothian Road
Festival Square
Edinburgh
EH3 9WJ

Filing status

Accounts
Next due:
Last made up to:
Confirmation statement
Next due:
Last: 2020-03-25

Officers (0 active · 0 resigned)

Recent filings (24 total)

legacy
incorporation · LP6
2020-06-12
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2020-04-17
legacy
incorporation · LP6
2020-04-06
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2019-04-02
confirmation-statement-with-made-up-date
confirmation-statement · SLPCS01
2018-05-02
notification-of-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC01
2018-04-19
cessation-of-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC07
2018-04-19
legacy
incorporation · LP6
2018-04-18
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC05
2018-03-06
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC05
2018-03-06
change-to-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC05
2018-03-06
notification-of-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC02
2017-08-10
notification-of-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC02
2017-08-10
notification-of-a-person-with-significant-control-scottish-limited-partnership
persons-with-significant-control · SLPPSC02
2017-08-10
legacy
incorporation · LP6
2015-02-10