GILSON GRAY LLP

💤Zombieactive

SO304731 · llp · incorporated 2014-01-09

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 acceptable with review structure.

Opportunity 70/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 9.7y

15/100

under pressure

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

· Oldest live charge is 9.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (55/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, no SIC, incorporation date

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

33 officers (25 active, 33 linked, 33 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

82 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

70/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (72 events)Click to expand

2026-02-06
📄
accounts-with-accounts-type-group
accounts · AA
2026-01-29
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2026-01-08
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2025-06-02
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2025-06-01
➕
GRANT, Iain Harry appointed
llp-member
2025-05-15
📄
accounts-with-accounts-type-group
accounts · AA
2024-12-24
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-06-10
📄
accounts-with-accounts-type-group
accounts · AA
2024-01-23
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2024-01-23
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2024-01-01
➖
FULTON, John Paul resigned
llp-member
2023-12-07
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-11-30
➖
LAVERTY, Denise Karen resigned
llp-member
2023-11-02
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date-limited-liability-partnership
mortgage · LLMR01
2023-11-01
📄
mortgage-satisfy-charge-full-limited-liability-partnership
mortgage · LLMR04
2023-11-01
🔒
Charge registered #3
Lender: Hsbc UK Bank PLC
2023-11-01
🔓
Charge satisfied #2
2023-09-12
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-08-31
➖
ANDERSON, Keith Downie resigned
llp-member
2023-07-11
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-07-11
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-06-06
📄
change-person-member-limited-liability-partnership-with-name-change-date
officers · LLCH01
2023-06-06
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-06-06
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-06-01
➕
ANDERSON, Findlay Iain appointed
llp-member
2023-06-01
➕
ANDERSON, Michael Alexander George appointed
llp-member
2023-06-01
➕
EDGAR, Cheryl Anne appointed
llp-member
2023-05-31
➖
JANSCH, Steven William resigned
llp-member
2023-05-03
📄
accounts-with-accounts-type-group
accounts · AA
2023-04-27
📄
termination-member-limited-liability-partnership-with-name-termination-date
officers · LLTM01
2023-03-31
➖
KELLAS, Dorothy Anne resigned
llp-member
2023-03-02
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2023-02-27
➕
MCKNIGHT, Lesley appointed
llp-member
2023-01-18
📄
confirmation-statement-with-no-updates
confirmation-statement · LLCS01
2022-10-17
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2022-10-04
➕
DICK, Stephen Robert appointed
llp-member
2022-08-24
📄
appoint-person-member-limited-liability-partnership-with-appointment-date
officers · LLAP01
2022-08-08
➕
KYDD, John William Crighton appointed
llp-member
2022-05-03
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-31
➖
FLEMING, Euan Kenneth James resigned
llp-member
2022-03-01
➕
DAVIES, Joe Alexander appointed
llp-member
2022-01-10
➕
SHEPHERD, Richard Douglas Mckenzie appointed
llp-member
2021-09-12
➖
FLEETWOOD, Andrew Beathan resigned
llp-member
2021-01-18
➕
CRIGHTON, Calum George appointed
llp-member
2020-12-01
➕
LAVERTY, Denise Karen appointed
llp-member
2020-09-01
➕
DARROCH, Lindsay Duncan Gunn appointed
llp-member
2019-05-01
➕
NASH, Sally appointed
llp-member
2019-05-01
➕
FULTON, John Paul appointed
llp-member
2018-11-02
➕
FLEMING, Euan Kenneth James appointed
llp-member
2018-05-01
➕
ANDERSON, Keith Downie appointed
llp-member

Showing most recent 50 of 72 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 ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Glen Douglas Gilson Individual · British · DOB 08/1977 · age 49	—	—	sig. influencesignificant influence	01/05/2016

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

Similar companies

Active · same sector · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BRADLEY TRADE LP→ SL011117 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BRAHMA US SCOTLAND LP→ SL007737 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
BRAITH SHIPPING LP→ SL010197 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
BRIDGECASTLE ACCOUNTING SERVICES LTD→ SC266637 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
BRIDGEPOINT NO.2 LP→ SL035444 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BRIDGES SOCIAL IMPACT BOND FUND (FOUNDER PARTNER) LP→ SL012444 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
BRIDGES SOCIAL IMPACT BOND FUND (SCOTLAND GENERAL PARTNER) LIMITED→ SC439243 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BRIDGES SUSTAINABLE GROWTH FUND V (FOUNDER PARTNER GP) LLP→ SO307302 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BRIGHT MOON GENERAL TRADING LP→ SL019232 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
BRIGHT PURPLE RESOURCING LTD.→ SC155147 · est 1994 · no financials extracted	—	—	—	—	31y	—	—
BRIGHT SOLUTIONS WORLDWIDE L.P.→ SL011590 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
BRIGHT STANDART CONSULTING LP→ SL011763 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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

Incorporated2014-01-09

Jurisdictionscotland

Primary SIC—

Registered office

29 Rutland Square

Edinburgh

EH1 2BW

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-01-07

Last: 2025-12-24