BARDYKE CHEMICALS LIMITED

🌳Matureactive

SC045492 · ltd · incorporated 1968-03-01

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window closing · high confidence

Getting harder to buy cheaply — 4 signals strengthening over the last 30 days.

· Hygiene score: 77 → 85
· Bankability: 75 → 85
· Refinance opportunity: clean_up_first → ready
· Legal friction: moderate → low

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 43.9y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 4 positive signals vs 0 negative.

↑Hygiene score: 77 → 85
↑Bankability: 75 → 85
↑Refinance opportunity: clean_up_first → ready
↑Legal friction: moderate → low

Last 90 days

Picture improved over the last 90 days — 4 positive signals vs 0 negative.

↑Hygiene score: 77 → 85
↑Bankability: 75 → 85
↑Refinance opportunity: clean_up_first → ready
↑Legal friction: moderate → low

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2025

Net worth

£12.76M

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: SIC 20120

Sector: Manufacturing

ALSO REGISTERED FOR

20130SIC 20130
20200SIC 20200
20590SIC 20590

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 78/100 (strong), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 43.9y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 43.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: high (86/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

19 officers (6 active, 19 linked, 12 with DOB)

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

125 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £12,762,783

Cash YoY

+15%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£5.5m

↑ 15% YoY

Net Worth

£13m

↑ 7.2% YoY

Current Assets

£12m

↑ 8.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-12-31	2024-12-31	2023-12-31
Total assets	£13.14M	£12.34M	£12.13M
Current assets	£11.65M	£10.71M	£10.17M
Cash	£5.48M	£4.75M	£4.59M
Debtors	£2.42M	£2.53M	£2.78M
Net assets	£12.76M	£11.90M	£11.61M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 persons-with-significant-control
• 1 accounts
• 1 mortgage

Last 180 days

filings

• 1 persons-with-significant-control
• 1 accounts
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (51 events)Click to expand

2026-05-27
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-19
📄
accounts-with-accounts-type-medium
accounts · AA
2026-05-19
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-05-19
🔓
Charge satisfied #4
2026-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-17
➖
NORMAN, Robert George Duncan resigned
director
2025-08-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-08
📄
accounts-with-accounts-type-full
accounts · AA
2025-02-28
➕
NORMAN, Alexander Alfred Archie appointed
director
2025-02-28
➕
NORMAN, Robert George Duncan appointed
director
2025-02-28
➕
NORMAN COX, Francesca Lily appointed
director
2025-02-28
➕
NORMAN, Robert George Duncan appointed
director
2025-02-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-02
📄
accounts-with-accounts-type-full
accounts · AA
2023-07-03
📄
accounts-with-accounts-type-full
accounts · AA
2022-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-20
📄
accounts-with-accounts-type-small
accounts · AA
2019-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-07-01
🔓
Charge satisfied #8
2015-08-03
➕
WIGHTMAN, David appointed
secretary
2015-08-03
➖
MCDONALD, Strachan David resigned
secretary
2015-08-03
➖
MCDONALD, Strachan David resigned
director
2013-07-11
➕
NORMAN, Helen Frances appointed
director
2009-12-15
➖
LUXTON, Roger Horace resigned
director
1991-04-04
🔓
Charge satisfied #3
1991-04-04
🔓
Charge satisfied #2
1991-04-04
🔓
Charge satisfied #1
1991-03-21
🔒
Charge registered #8
Lender: The Governor and Company of the Bank of Scotland
1991-01-18
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Scotland
1990-09-10
➖
LITTLE, Anne Catherine resigned
secretary
1990-09-10
➕
MCDONALD, Strachan David appointed
secretary
1990-09-10
➕
MCDONALD, Strachan David appointed
director
1990-09-10
➖
THOMSON, Alan Matthew resigned
director
1990-09-10
➖
WATERBURY, Richard Colin resigned
director
1990-05-01
➕
LITTLE, Anne Catherine appointed
secretary
1990-04-30
➖
MONTGOMERY, Andrew resigned
secretary
1990-04-30
➖
MONTGOMERY, Andrew resigned
director
1990-04-30
➖
SMITH, Frederick John resigned
director
1990-04-30
➖
SMITH, Philip George resigned
director
1989-10-09
➖
DRUM, John David Francis resigned
director
1989-10-09
➖
ROBSON, Thomas Gerald resigned
director
1989-10-09
➕
THOMSON, Alan Matthew appointed
director
1989-10-09
➕
WATERBURY, Richard Colin appointed
director
1988-03-28
🔒
Charge registered #3
Lender: National Westminster Bank PLC
1984-04-10
🔒
Charge registered #2
Lender: National Westminster Bank PLC
1982-08-31
🔒
Charge registered #1
Lender: National Westminster Bank PLC

Showing most recent 50 of 51 events

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

33/100

Weak signal

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

SIGNALS

primaryFamily succession underway: Not a takeover target — NORMAN, Alexander Alfred Archie (same surname) appointed 2025-02-28. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Duncan Charles Willem Norman Individual · British · DOB 08/1952 · age 74	75–100%	—	75-100% shares	06/04/2016

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 →

Similar companies

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LINN PRODUCTS LIMITED→ SC052366 · est 1973	£7.07M £5.50M–£8.65M	—	—	170	53y	85	80y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
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PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	45y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	26y	87	70y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£3.30M £2.57M–£4.03M	—	—	57	39y	84	65y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£2.93M £2.28M–£3.59M	—	—	27	40y	85	65y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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.

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.

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Company details

Statusactive

Typeltd

Incorporated1968-03-01

Jurisdictionscotland

Primary SIC20120 — SIC 20120

Registered office

Hamilton Rd

Cambuslang

Glasgow

G72 7XJ

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-05-04

Last: 2026-04-20