GILLESPIE MACANDREW LLP

💤Zombieactive
SO300743 · llp · incorporated 2005-10-20
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.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
🔔
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Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 70/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

1 live charge · oldest 17.5y

45/100
under pressure

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

  • · Oldest live charge is 17.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: low (47/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
57 officers (29 active, 57 linked, 57 with DOB)
90
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
177 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • 3 officers
Last 180 days
4
filings
  • 3 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (112 events)Click to expand
  1. 2026-03-04
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  2. 2026-03-04
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  3. 2026-03-04
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  4. 2026-03-01
    KEEGAN, Caitlin Mary appointed
    llp-member
  5. 2026-03-01
    VANDAL, Fraser William appointed
    llp-member
  6. 2026-02-28
    SMITH, Henry Cannon resigned
    llp-member
  7. 2025-11-03
    📄
    confirmation-statement-with-updates
    confirmation-statement · LLCS01
  8. 2025-08-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2025-06-03
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  10. 2025-05-31
    TAYLOR, Andrew Ross resigned
    llp-member
  11. 2025-04-10
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  12. 2025-04-10
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  13. 2025-03-03
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  14. 2025-03-01
    PEARSON, Heather Brodie appointed
    llp-member
  15. 2025-01-21
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  16. 2025-01-15
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  17. 2024-12-30
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  18. 2024-12-20
    LODGE, Lianne Margaret resigned
    llp-member
  19. 2024-12-20
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  20. 2024-12-04
    📄
    second-filing-of-member-appointment-with-name
    officers · RP04LLAP01
  21. 2024-11-01
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  22. 2024-10-18
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  23. 2024-10-18
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  24. 2024-08-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2024-03-14
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  26. 2024-03-13
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  27. 2024-03-01
    BALFOUR, Lorna appointed
    llp-member
  28. 2024-02-29
    BLAIR, John Michael Greene resigned
    llp-member
  29. 2024-01-29
    📄
    change-person-member-limited-liability-partnership-with-name-change-date
    officers · LLCH01
  30. 2024-01-19
    📄
    appoint-person-member-limited-liability-partnership-with-appointment-date
    officers · LLAP01
  31. 2024-01-01
    MCFADZEAN, Elizabeth Marion appointed
    llp-designated-member
  32. 2023-10-20
    📄
    confirmation-statement-with-no-updates
    confirmation-statement · LLCS01
  33. 2023-08-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  34. 2023-08-11
    📄
    termination-member-limited-liability-partnership-with-name-termination-date
    officers · LLTM01
  35. 2023-07-31
    SMITH, David Christopher resigned
    llp-designated-member
  36. 2023-07-03
    GILFILLAN, Alan Robert John appointed
    llp-member
  37. 2023-05-02
    MOWLEM, David Lonsdale appointed
    llp-member
  38. 2023-03-01
    LESLIE, Andrew Stuart appointed
    llp-member
  39. 2023-03-01
    MACRAE, Murray Ross appointed
    llp-member
  40. 2023-03-01
    MURRAY, Sharon appointed
    llp-member
  41. 2023-01-22
    SOUTAR, Murray Duncan resigned
    llp-designated-member
  42. 2022-07-05
    TAYLOR, Andrew Ross appointed
    llp-member
  43. 2022-05-01
    TELFER, Alexander Robert appointed
    llp-member
  44. 2022-04-19
    NEWTON, Lois Elizabeth Anne appointed
    llp-member
  45. 2022-04-15
    REID, Isobell Ann resigned
    llp-member
  46. 2021-02-26
    HUNTER, Stewart Lindsay Wilson resigned
    llp-member
  47. 2020-03-01
    ADAMS, Eilidh Gillian appointed
    llp-designated-member
  48. 2020-03-01
    WILLIAMS, Simon Jonathan Conon appointed
    llp-member
  49. 2020-03-01
    WRIGHT, Gillian Jane appointed
    llp-member
  50. 2020-03-01
    PAGET, Elspeth Mary resigned
    llp-designated-member
Showing most recent 50 of 112 events

Owner dependency

50/100
Moderate — manageable with handover

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

Succession & seller-readiness

30/100
Weak signal

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

Red flags

1 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: SMITH, Henry Cannon resigned 2026-02-28; TAYLOR, Andrew Ross resigned 2025-05-31

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Typellp
Incorporated2005-10-20
Jurisdictionscotland
Primary SIC

Registered office

5 Atholl Crescent
Edinburgh
Midlothian
EH3 8EJ

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (29 active · 28 resigned)

ADAMS, Eilidh Gillian
llp-designated-member · ~44y · appointed 2020-03-01
View their other companies + combined net worth →
Active
HAMILTON, Colin Stuart
llp-designated-member · ~45y · appointed 2017-04-01
View their other companies + combined net worth →
Active
IRONS, Kenneth Wyness
llp-designated-member · ~58y · appointed 2011-01-17
View their other companies + combined net worth →
Active
LESLIE, Fraser Gordon
llp-designated-member · ~66y · appointed 2015-10-05
View their other companies + combined net worth →
Active
MALLON, Agnes
llp-designated-member · ~53y · appointed 2015-05-01
View their other companies + combined net worth →
Active
MCARTHUR, John
llp-designated-member · ~63y · appointed 2005-10-20
View their other companies + combined net worth →
Active
MCCULLOCH, Derek Ashley James
llp-designated-member · ~70y · appointed 2005-10-20
View their other companies + combined net worth →
Active
MCFADZEAN, Elizabeth Marion
llp-designated-member · ~50y · appointed 2024-01-01
View their other companies + combined net worth →
Active
PEEBLES, Gregor Kenneth John
llp-designated-member · ~55y · appointed 2016-05-09
View their other companies + combined net worth →
Active
SCOTT-DEMPSTER, Robert Andrew
llp-designated-member · ~59y · appointed 2005-10-20
View their other companies + combined net worth →
Active
STIRLING, John Boyd
llp-designated-member · ~58y · appointed 2005-10-20
View their other companies + combined net worth →
Active
WHITE, Alan James
llp-designated-member · ~60y · appointed 2015-05-01
View their other companies + combined net worth →
Active
BALFOUR, Lorna
llp-member · ~37y · appointed 2024-03-01
View their other companies + combined net worth →
Active
CAMERON, Fiona Jane
llp-member · ~39y · appointed 2016-09-01
View their other companies + combined net worth →
Active
DUNDAS, Nicola Jane
llp-member · ~63y · appointed 2019-09-02
View their other companies + combined net worth →
Active
GIBSON, Christopher Duncan
llp-member · ~47y · appointed 2018-09-01
View their other companies + combined net worth →
Active
GILFILLAN, Alan Robert John
llp-member · ~41y · appointed 2023-07-03
View their other companies + combined net worth →
Active
KEEGAN, Caitlin Mary
llp-member · ~46y · appointed 2026-03-01
View their other companies + combined net worth →
Active
LESLIE, Andrew Stuart
llp-member · ~39y · appointed 2023-03-01
View their other companies + combined net worth →
Active
MACRAE, Murray Ross
llp-member · ~36y · appointed 2023-03-01
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Bank of Ascotland
Bank of Ascotland PLC
Floating charge1 property09/10/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (177 total)

appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-03-04
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2026-03-04
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2026-03-04
confirmation-statement-with-updates
confirmation-statement · LLCS01
2025-11-03
accounts-with-accounts-type-full
accounts · AA
2025-08-22
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2025-06-03
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-04-10
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-04-10
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-03-03
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-01-21
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-01-15
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2024-12-30
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-12-20
second-filing-of-member-appointment-with-name
officers · RP04LLAP01
2024-12-04
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-11-01