Company Overview
Glasgow Independent Studio is listed at the official companies registry as Active Private Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption. The company was incorporated on Friday 07 June 1996, so this is a well established company. Glasgow Independent Studio has been in business for 29 years and 9 months. The accounts status is total exemption full and the accounts are next due on Tuesday 31 March 2026.
Registered Address

103 Trongate, Fourth Floor, Glasgow, Lanarkshire, G1 5HD
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Companies House Data
Company NameGLASGOW INDEPENDENT STUDIO
Company NumberSC166162
Registered Office Address103 Trongate
 Fourth Floor
 G1 5HD
Company CategoryPrivate Limited Company By Guarantee Without Share Capital, Use Of 'Limited' Exemption
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/06/1996
Accounting Reference Date Day30
Accounting Reference Date Month6
Accounts Next Due Date31/03/2027
Accounts Last Made Up Date30/06/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date05/07/2017
Returns Last Made Up Date07/06/2016
Directors & Members
Show Resigned
Agata Młyńczak - Director
(Polish,British, 36 years old, born April 1990)
Appointed 27 August 2024
 Active
Janie Nicoll - Director
(Scottish, 61 years old, born May 1965)
Appointed 19 March 2025
 Active
Gordon Orr - Director
(British, 50 years old, born May 1976)
Appointed 23 February 2019
 Active
Secretaries
Show Resigned
Other Company Directorships
Agata Młyńczak
16 COLLECTIVE CIC
Janie Nicoll
NATIONAL ASSOCIATION FOR GALLERY EDUCATION
WOODLANDS COMMUNITY DEVELOPMENT TRUST, THE
Gordon Orr
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2015 30-Jun-2014
Balance Sheet
Fixed Assets 9,029 9,029 9,963
Current Assets 68,071 68,071 52,173
Creditors Due Within One Year 4,470 4,470 1,822
Working Cap 63,601 63,601 50,351
Total Assets Less Current Liabilities 72,630 72,630 60,314
Long-term Liabilities 72,630 72,630 60,314
Net Assets 0 0 0
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 0 0 0
Common Size Financial Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2015 30-Jun-2014
Tangible Fixed Assets 11.7% 11.7% 16.0%
Fixed Assets 11.7% 11.7% 16.0%
Stocks Inventory - - -
Debtors 6.3% 6.3% 8.2%
Cash Bank In Hand 82.0% 82.0% 75.8%
Current Assets 88.3% 88.3% 84.0%
Creditors Due Within One Year 5.8% 5.8% 2.9%
Net Current Assets Liabilities 82.5% 82.5% 81.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 94.2% 94.2% 97.1%
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 0.0% 0.0%
Capital Employed - - -
Total Assets Less Current Liabilities 94.2% 94.2% 97.1%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2015 30-Jun-2014
Liquidity Ratio 15.2 15.2 28.6
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Jun-2025 30-Jun-2015 30-Jun-2014
Assets 77,100 77,100 62,136
Debt 77,100 77,100 62,136
Net Assets/Debt 0 0 0

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is nil. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is nil. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is nil. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Termination of appointment of Fraser Howie Whiting as a director on 1 December 2025
Appointment of Ms Jane Topping as a secretary on 1 August 2025
Termination of appointment of Simon Shaw as a director on 7 August 2025
Confirmation statement made on 8 June 2025 with no updates
Appointment of Ms Janie Ruth Nicoll as a director on 19 March 2025
Termination of appointment of Neil Scot Hood as a director on 31 January 2025
Resolutions
Notice of Restriction on the Company's Articles
Memorandum and Articles of Association
Termination of appointment of Emma Isabel Waine as a director on 10 December 2024
Termination of appointment of Kirsty Louise Palmer as a director on 1 December 2024
Appointment of Mx Agata Paulina Młyńczak as a director on 27 August 2024
Appointment of Mr Simon Shaw as a director on 27 August 2024
Appointment of Dr Jane Topping as a director on 1 July 2024
Appointment of Mr Fraser Howie Whiting as a director on 1 July 2024
Confirmation statement made on 8 June 2024 with no updates
Termination of appointment of Penny Sharp as a director on 14 February 2024
Termination of appointment of Yeonjoo Cho as a director on 15 January 2024
Termination of appointment of Shireen Taylor as a director on 8 November 2023
Termination of appointment of Gregor Ian Duthie as a director on 30 June 2023
Termination of appointment of Iain Innes Cunningham Smith as a director on 8 June 2023
Confirmation statement made on 8 June 2023 with no updates
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