ELGIN REFRIGERATION SERVICES LIMITED
🌳Matureactive
SC062710 · ltd · incorporated 1977-07-13
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 45.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£287.3k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
PursueActive trading company with a 78-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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
2 live charges · 2 lenders · oldest 45.1y
50/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 45.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
108 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £287,264
Net assets shrinking
Down £1,892 YoY
Cash YoY
+35%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£203k
↑ 35% YoY
Net Worth
£287k
~ YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Cash | £202.6k | £150.2k |
| Net assets | £287.3k | £289.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
- 2025-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-15📄change-person-director-company-with-change-dateofficers · CH01
- 2020-09-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-09-13📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-07📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2020-02-07📄change-person-director-company-with-change-dateofficers · CH01
- 2019-11-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-05-08➕SHANKS, Lee Fraser appointeddirector
- 2008-02-26🔒Charge registered #2Lender: Rbs Invoice Finance Limited
- 1997-04-24➕SHANKS, Kathleen Stella appointedsecretary
- 1996-02-15➖STEWART & MCISAAC resignedcorporate-secretary
- 1989-12-29➖KESSACK, Alan James resigneddirector
- 1981-03-11🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1977-07-13🏢Company incorporatedAs ELGIN REFRIGERATION SERVICES LIMITED
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
- +Founder age: Director aged approximately 78 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
- secondaryStable-but-static management: Company is 49 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Lee Fraser Shanks Individual · British · DOB 07/1984 · age 42 | 25–50% | — | 25-50% shares | 08/05/2017 |
Mrs Kathleen Stella Shanks Individual · British · DOB 06/1952 · age 74 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mr Gordon George Shanks Individual · Scottish · DOB 02/1948 · age 78 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
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| ETHAN MACLEOD LTD→ SC779958 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FALCONERS ELECTRICAL CONTRACTOR LIMITED→ SC874807 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FARM & FORESTRY SERVICES LTD→ SC677694 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FIFTH ELEMENT POTTERY CIC→ SC818710 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FILO TACTICAL LTD.→ SC722532 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
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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.
See pricing →Company details
Statusactive
Typeltd
Incorporated1977-07-13
Jurisdictionscotland
Primary SIC33190 — SIC 33190
Registered office
Unit 1 Linkwood Way
Linkwood Industrial Estate
Elgin
Morayshire
IV30 1HY
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28
Officers (4 active · 2 resigned)
SHANKS, Kathleen Stella→
Activesecretary · appointed 1997-04-24
View their other companies + combined net worth →
Active
Active
SHANKS, Lee Fraser→
Activedirector · ~42y · appointed 2017-05-08
View their other companies + combined net worth →
STEWART & MCISAAC→
Resignedcorporate-secretary · resigned 1996-02-15
KESSACK, Alan James→
Resigneddirector · resigned 1989-12-29
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 26/02/2008 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/03/1981 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (108 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-02
change-person-director-company-with-change-date
officers · CH01
2020-09-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-09-13
change-person-director-company-with-change-date
officers · CH01
2020-09-13