BSW SAWMILLS LIMITED

🌳Matureactive
SC033398 · ltd · incorporated 1958-10-16
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

23 live charges · 9 lenders · oldest 37.8y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 37.8 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (60/100)

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
No iXBRL financials extracted
0
Lenders & charges
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
33 officers (2 active, 33 linked, 29 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
223 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
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
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 persons-with-significant-control
  • 1 address
Counts from Companies House filing history.
Corporate timeline (125 events)Click to expand
  1. 2025-12-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  2. 2025-12-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2025-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2025-08-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-10-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-02-21
    MILNE, Alan Graham resigned
    secretary
  7. 2024-02-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2023-10-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2023-09-15
    FAULKNER, Mike appointed
    director
  10. 2023-09-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-08-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-07-31
    HACKNEY, Anthony Malcolm resigned
    director
  13. 2022-09-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  14. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  22. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  24. 2022-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2022-03-24
    🔓
    Charge satisfied #24
  26. 2022-03-24
    🔓
    Charge satisfied #23
  27. 2022-03-24
    🔓
    Charge satisfied #22
  28. 2022-03-24
    🔓
    Charge satisfied #21
  29. 2022-03-24
    🔓
    Charge satisfied #20
  30. 2022-03-24
    🔓
    Charge satisfied #18
  31. 2022-03-24
    🔓
    Charge satisfied #17
  32. 2022-03-24
    🔓
    Charge satisfied #16
  33. 2022-03-24
    🔓
    Charge satisfied #15
  34. 2022-03-24
    🔓
    Charge satisfied #13
  35. 2022-03-24
    🔓
    Charge satisfied #12
  36. 2022-03-24
    🔓
    Charge satisfied #8
  37. 2021-08-26
    🔓
    Charge satisfied #14
  38. 2021-08-26
    🔓
    Charge satisfied #9
  39. 2021-08-26
    🔓
    Charge satisfied #7
  40. 2021-08-26
    🔓
    Charge satisfied #5
  41. 2020-03-12
    🔒
    Charge registered #24
    Lender: Endless LLP (As Security Trustee)
  42. 2020-03-12
    🔒
    Charge registered #23
    Lender: Endless LLP (As Security Trustee)
  43. 2020-03-12
    🔒
    Charge registered #22
    Lender: Endless LLP (As Security Trustee)
  44. 2020-03-03
    🔓
    Charge satisfied #11
  45. 2020-03-03
    🔓
    Charge satisfied #10
  46. 2020-03-03
    🔓
    Charge satisfied #3
  47. 2020-03-03
    🔓
    Charge satisfied #2
  48. 2020-03-03
    🔓
    Charge satisfied #1
  49. 2020-02-18
    🔒
    Charge registered #21
    Lender: Endless LLP (The Security Trustee)
  50. 2019-02-11
    🔒
    Charge registered #20
    Lender: Lombard North Central Public Limited Company
Showing most recent 50 of 125 events

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

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

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.

Group structure

Bsw Timber Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bsw Timber Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BSW SAWMILLS LIMITED
This company · SC033398

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bsw Timber Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Typeltd
Incorporated1958-10-16
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Unit 7, Halbeath Interchange Business Park Kingseat Road
Halbeath
Dunfermline
Fife
KY11 8RY
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (2 active · 31 resigned)

FAULKNER, Mike
director · ~54y · appointed 2023-09-15
View their other companies + combined net worth →
Active
MILNE, Alan Graham
director · ~44y · appointed 2017-04-27
View their other companies + combined net worth →
Active
GRIFFITHS, David Roger
secretary · appointed 1993-08-31 · resigned 2008-12-04
Resigned
JONES, Howard Jeremy
secretary · appointed 2008-12-04 · resigned 2018-05-27
Resigned
MILNE, Alan Graham
secretary · appointed 2018-05-27 · resigned 2024-02-21
Resigned
SANDERSON, Archibald Henderson
secretary · resigned 1993-08-31
Resigned
ADAM, Derek Hugh
director · ~77y · appointed 1991-04-01 · resigned 1999-07-23
Resigned
BALFOUR, David James
director · ~72y · appointed 1999-03-08 · resigned 2001-05-31
Resigned
BALFOUR, David James
director · ~72y · appointed 1992-03-27 · resigned 1994-01-05
Resigned
BROWNLIE, Alexander John
director · ~91y · resigned 2018-03-16
Resigned
BROWNLIE, John Mckittrick
director · ~79y · resigned 1989-03-22
Resigned
BURD, Christopher John Skidmore
director · ~91y · resigned 1995-06-01
Resigned
DAVENPORT, Mark
director · ~68y · appointed 1999-03-12 · resigned 2000-12-08
Resigned
GAYDA-LEWIS, Stephen
director · ~72y · appointed 1991-04-01 · resigned 2015-03-31
Resigned
GRIFFITHS, David Roger
director · ~77y · resigned 2008-12-04
Resigned
HACKNEY, Anthony Malcolm
director · ~68y · appointed 2008-12-01 · resigned 2023-07-31
Resigned
HAYES, Michael Hugh
director · ~75y · appointed 1996-05-08 · resigned 1997-11-03
Resigned
HULBERT, Philip Earle
director · ~72y · appointed 1997-05-23 · resigned 1999-07-23
Resigned
JONES, Howard Jeremy
director · ~67y · appointed 2008-12-04 · resigned 2018-04-01
Resigned
KEMP, John Dennis
director · ~90y · appointed 1991-04-01 · resigned 1996-08-31
Resigned

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

Mortgages & charges

23
Total charges
0
Outstanding
0
Active lenders
Status:Lender:23 of 23 shown
TypeProperties
satisfied
Endless (As Security Trustee)
Endless LLP (As Security Trustee)
A registered charge7 properties12/03/202024/03/2022
satisfied
Endless (As Security Trustee)
Endless LLP (As Security Trustee)
A registered charge2 properties12/03/202024/03/2022
satisfied
Endless (As Security Trustee)
Endless LLP (As Security Trustee)
A registered charge1 property12/03/202024/03/2022
satisfied
Endless (The Security Trustee)
Endless LLP (The Security Trustee)
A registered charge2 properties18/02/202024/03/2022
satisfied
Lombard North Central Public Company
Lombard North Central Public Limited Company
A registered charge11/02/201924/03/2022
satisfied
Highlands and Islands Enterprise
A registered charge1 property17/02/201601/08/2016
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property18/11/201324/03/2022
satisfied
& Others / Christopher John Skidmore Burd
Security agreement1 property16/03/201024/03/2022
satisfied
NatWest Group
Rbs Invoice Finance Limited
Standard security1 property28/01/201024/03/2022
satisfied
NatWest Group
Rbs Invoice Finance Limited
Legal charge1 property15/01/201024/03/2022
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal charge1 property15/01/201026/08/2021
satisfied
NatWest Group
Rbs Invoice Finance Limited
Standard security1 property24/11/200924/03/2022
satisfied
NatWest Group
Rbs Invoice Finance Limited
Standard security1 property24/11/200924/03/2022
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/11/200903/03/2020
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/11/200903/03/2020
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property12/11/200926/08/2021
satisfied
NatWest Group
Rbs Invoice Finance Limited
Legal charge1 property12/11/200924/03/2022
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal charge1 property12/11/200926/08/2021
satisfied
Welsh Development Agency
Legal charge1 property03/06/200312/11/2009
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property29/04/199426/08/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/04/199303/03/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/03/199303/03/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property04/07/198803/03/2020

Recent filings (223 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-23
accounts-with-accounts-type-full
accounts · AA
2025-09-30
change-person-director-company-with-change-date
officers · CH01
2025-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-full
accounts · AA
2024-10-02
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-04
accounts-with-accounts-type-full
accounts · AA
2023-10-13
appoint-person-director-company-with-name-date
officers · AP01
2023-09-15
termination-director-company-with-name-termination-date
officers · TM01
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-13
accounts-with-accounts-type-full
accounts · AA
2022-09-16
mortgage-satisfy-charge-full
mortgage · MR04
2022-03-24