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.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 43.7y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£11.90M

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

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 78/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. 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 (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 43.7y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 43.7 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Company profile

address, 4 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + 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

122 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 · FRS 102

Positive net assets

Net assets £11,902,580

Cash YoY

+4%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£4.8m

↑ 3.5% YoY

Net Worth

£12m

↑ 2.5% YoY

Current Assets

£11m

↑ 5.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£12.34M	£12.13M
Current assets	£10.71M	£10.17M
Cash	£4.75M	£4.59M
Debtors	£2.53M	£2.78M
Net assets	£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

• 1 confirmation-statement
• 1 officers

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (49 events)Click to expand

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
2017-09-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-09-06
📄
accounts-with-accounts-type-total-exemption-small
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
1968-03-01
🏢
Company incorporated
As BARDYKE CHEMICALS LIMITED

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 →

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ROBESLEE CONCRETE COMPANY LIMITED→ SC044437 · est 1967 · no financials extracted	—	—	—	—	59y	—	—
ROOF EDGE FABRICATIONS LIMITED→ SC111926 · est 1988 · no financials extracted	—	—	—	—	37y	—	—
SAFET HOLDINGS LTD.→ SC729444 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
SASH WINDOWS SCOTLAND LTD→ SC454502 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
SEA\LNG LIMITED→ SC539990 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
SEACURE SCOTLAND LTD→ SC860909 · est 2025 · no financials extracted	—	—	—	—	—	—	—
SEAWARM LIMITED→ SC818162 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
SMAIL ENGINEERS (GLASGOW) LIMITED→ SC148360 · est 1994 · no financials extracted	—	—	—	—	32y	—	—
SMALL WORLD TEXTILES LIMITED→ SC441851 · est 2013 · no financials extracted	—	—	—	—	13y	—	—

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: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-04

Last: 2026-04-20