FES LIMITED
🌳Matureactive
SC053848 · ltd · incorporated 1973-08-27
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
83/100
Exceptional
What this business does
Primary activity: Electrical installation
Sector: Construction
Investor take
PursueActive trading company with a 84-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 52.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 52.1 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (61/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
20 officers (5 active, 20 linked, 14 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
26 connected companies via shared directors
90
Filing history
161 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
4
filings
- • 1 confirmation-statement
- • 1 accounts
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-12-15📄accounts-with-accounts-type-fullaccounts · AA
- 2025-12-12📄change-person-director-company-with-change-dateofficers · CH01
- 2025-12-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-01-29📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-29➖FLETCHER, Dylan resigneddirector
- 2023-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2023-06-07📄memorandum-articlesincorporation · MA
- 2023-06-07📄resolutionresolution · RESOLUTIONS
- 2022-12-14📄accounts-with-accounts-type-fullaccounts · AA
- 2022-09-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-31➖FLETCHER, Kevin Paterson resigneddirector
- 2021-12-15📄accounts-with-accounts-type-fullaccounts · AA
- 2020-12-13📄accounts-with-accounts-type-fullaccounts · AA
- 2019-12-16📄accounts-with-accounts-type-fullaccounts · AA
- 2019-11-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2019-11-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-10-09📄resolutionresolution · RESOLUTIONS
- 2019-03-14🔒Charge registered #7Lender: Wester Elchies Limited
- 2019-03-08🔒Charge registered #6Lender: Barclays Bank PLC
- 2017-01-25🔒Charge registered #5Lender: Barclays Bank PLC
- 2016-09-27🔓Charge satisfied #1
- 2016-07-22🔒Charge registered #4Lender: Barclays Bank PLC
- 2015-12-14➖BEATON, James Alan resigneddirector
- 2015-04-01➕THOMSON, Craig Alexander appointedsecretary
- 2015-04-01➖JACK, Ronald Gilfillan resignedsecretary
- 2014-06-12➕JACK, Ronald Gilfillan appointedsecretary
- 2014-06-12➖WALLS, Archibald Peter Menzies resignedsecretary
- 2012-03-01➕MCINALLY, Claire Agnes appointeddirector
- 2009-12-31➖MACLEOD, Donald Miller resigneddirector
- 2009-12-07➕LOWE, Paul appointeddirector
- 2006-09-21➕FLETCHER, Dylan appointeddirector
- 2005-10-26➖FLETCHER, George Hunter resigneddirector
- 2004-05-25➖FLETCHER, Duncan Kirk resignedsecretary
- 2004-05-25➕WALLS, Archibald Peter Menzies appointedsecretary
- 2003-12-31➖ALCOCK, Lynne Elisabeth resignedsecretary
- 2003-12-31➕FLETCHER, Duncan Kirk appointedsecretary
- 2003-01-01➕MACLEOD, Donald Miller appointeddirector
- 2002-03-31➖ALCOCK, Lynne Elisabeth resigneddirector
- 2001-10-16➖ARTHUR, John Blackie resigneddirector
- 2001-09-30➖GRIEVE, Bruce David resigneddirector
- 2000-08-01➕ALCOCK, Lynne Elisabeth appointeddirector
- 1997-10-01➕FLETCHER, Duncan Kirk appointeddirector
- 1997-10-01➕FLETCHER, Kevin Paterson appointeddirector
- 1995-09-29➕ALCOCK, Lynne Elisabeth appointedsecretary
- 1995-09-29➖SENIOR, Moira resignedsecretary
- 1995-09-29➖SENIOR, Moira resigneddirector
- 1993-12-31➖MACCALL, Neil Alexander resigneddirector
- 1992-04-09🔓Charge satisfied #3
Showing most recent 50 of 54 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 53 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Fes Holdco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Fes Holdco Limited
Corporate parent · holds 75-100% shares
⬇
FES LIMITED
This company · SC053848
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Fes Holdco Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 02/08/2019 |
1 historic (ceased) PSC
- Forth Holdings Limitedceased 02/08/2019· 75-100% shares
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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1973-08-27
Jurisdictionscotland
Primary SIC43210 — Electrical installation
Registered office
Scotia House
The Castle Business Park
Stirling
FK9 4TZ
Scotland
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26
Officers (5 active · 15 resigned)
THOMSON, Craig Alexander→
Activesecretary · appointed 2015-04-01
View their other companies + combined net worth →
FLETCHER, Duncan Kirk→
Activedirector · ~59y · appointed 1997-10-01
View their other companies + combined net worth →
Active
Active
MCINALLY, Claire Agnes→
Activedirector · ~50y · appointed 2012-03-01
View their other companies + combined net worth →
ALCOCK, Lynne Elisabeth→
Resignedsecretary · appointed 1995-09-29 · resigned 2003-12-31
FLETCHER, Duncan Kirk→
Resignedsecretary · appointed 2003-12-31 · resigned 2004-05-25
JACK, Ronald Gilfillan→
Resignedsecretary · appointed 2014-06-12 · resigned 2015-04-01
SENIOR, Moira→
Resignedsecretary · resigned 1995-09-29
WALLS, Archibald Peter Menzies→
Resignedsecretary · appointed 2004-05-25 · resigned 2014-06-12
ALCOCK, Lynne Elisabeth→
Resigneddirector · ~81y · appointed 2000-08-01 · resigned 2002-03-31
ARTHUR, John Blackie→
Resigneddirector · ~99y · resigned 2001-10-16
BEATON, James Alan→
Resigneddirector · ~70y · appointed 1991-01-07 · resigned 2015-12-14
FLETCHER, Dylan→
Resigneddirector · ~55y · appointed 2006-09-21 · resigned 2024-11-29
FLETCHER, George Hunter→
Resigneddirector · ~81y · resigned 2005-10-26
FLETCHER, Kevin Paterson→
Resigneddirector · ~57y · appointed 1997-10-01 · resigned 2022-08-31
GRIEVE, Bruce David→
Resigneddirector · ~80y · resigned 2001-09-30
MACCALL, Neil Alexander→
Resigneddirector · ~90y · resigned 1993-12-31
MACLEOD, Donald Miller→
Resigneddirector · ~67y · appointed 2003-01-01 · resigned 2009-12-31
SENIOR, Moira→
Resigneddirector · ~89y · resigned 1995-09-29
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
4
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Wester Elchies Wester Elchies Limited | A registered charge | 2 properties | 14/03/2019 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | 1 property | 08/03/2019 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 25/01/2017 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 22/07/2016 | — | |
| satisfied | St Machar Development Company St Machar Development Company LTD | Standard security | 1 property | 22/12/1987 | 09/04/1992 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Bond & floating charge | 1 property | 28/02/1974 | 27/09/2016 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (161 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-26
accounts-with-accounts-type-full
accounts · AA
2025-12-15
change-person-director-company-with-change-date
officers · CH01
2025-12-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-24
change-person-director-company-with-change-date
officers · CH01
2025-01-29
accounts-with-accounts-type-full
accounts · AA
2025-01-15
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-22
accounts-with-accounts-type-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
memorandum-articles
incorporation · MA
2023-06-07
resolution
resolution · RESOLUTIONS
2023-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-21
accounts-with-accounts-type-full
accounts · AA
2022-12-14