DENHOLM KSW LIMITED

🌳Matureactive

SC077744 · ltd · incorporated 1982-03-02

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Machining

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 8 lenders · oldest 44.3y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 44.3 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — 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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

20 officers (8 active, 20 linked, 15 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

22 connected companies via shared directors

Filing history

184 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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 change-of-name

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2026-05-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-05-01
➕
PARKER, Benjamin Edward appointed
director
2026-03-02
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-10-30
📄
capital-allotment-shares
capital · SH01
2025-10-22
📄
capital-allotment-shares
capital · SH01
2025-09-29
📄
accounts-with-accounts-type-full
accounts · AA
2025-06-24
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-02
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-04-01
➕
DANIELS, Eleanor Margaret Louise appointed
secretary
2025-04-01
➖
CLARK, Martin resigned
secretary
2025-03-31
➖
CLARK, Martin resigned
director
2025-03-27
📄
change-person-director-company-with-change-date
officers · CH01
2025-01-30
➕
MCCARTHY, Charles Norman Drummond appointed
director
2025-01-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-19
📄
accounts-with-accounts-type-full
accounts · AA
2024-03-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-13
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-02-14
📄
change-person-director-company-with-change-date
officers · CH01
2024-02-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-03
➕
CLARK, Martin appointed
secretary
2023-11-03
➖
DENHOLM, Cara Jane May resigned
secretary
2023-11-03
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-03
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-08-25
📄
accounts-with-accounts-type-full
accounts · AA
2022-10-18
📄
change-person-director-company-with-change-date
officers · CH01
2022-10-18
📄
change-person-director-company-with-change-date
officers · CH01
2022-02-09
🔒
Charge registered #8
Lender: Hsbc UK Bank PLC
2019-10-03
➕
CLARK, Martin appointed
director
2017-09-12
🔒
Charge registered #7
Lender: Hsbc Invoice Finance (UK) LTD
2017-08-19
🔓
Charge satisfied #4
2017-06-30
🔓
Charge satisfied #6
2017-04-28
➖
CUBITT, Mark resigned
director
2016-04-20
🔓
Charge satisfied #3
2015-06-25
➕
BEVERIDGE, Michael John appointed
director
2015-06-25
➕
FISHER, Paul Matthew appointed
director
2015-06-25
➕
WILSON, Alan Stewart appointed
director
2015-06-25
➕
DENHOLM, Cara Jane May appointed
secretary
2015-06-25
➖
WILSON, Alan Stewart resigned
secretary
2015-06-25
➕
CUBITT, Mark appointed
director
2015-06-25
➖
WILSON, Alan Stewart resigned
director
2015-06-25
➖
WILSON, Evelyn resigned
director
2015-06-16
🔓
Charge satisfied #5
2012-09-07
🔒
Charge registered #6
Lender: Bank of Scotland PLC
2012-09-05
🔒
Charge registered #5
Lender: Plexus Ocean Systems Limited
2012-05-29
🔒
Charge registered #4
Lender: Lloyds Tsb Commercial Finance Limited
2010-09-03
🔓
Charge satisfied #2
2010-07-21
🔒
Charge registered #3
Lender: Clydesdale Bank PLC
2007-11-05
➕
WILSON, Alan Scott appointed
director

Showing most recent 50 of 63 events

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 76 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

73/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 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.

Name changed recently

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-03-02: certificate-change-of-name-company

Group structure

Relay International Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Relay International Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

DENHOLM KSW LIMITED

This company · SC077744

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
Relay International Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/09/2023

1 historic (ceased) PSC

Denholm Energy Services Limitedceased 08/09/2023· 25-50% shares · 25-50% voting

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

Active · Manufacturing · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FIFE FABRICATIONS LIMITED→ SC051054 · est 1972	£2.23M £1.73M–£2.72M	—	—	94	53y	81	66y
FCE HYDRAULICS LTD→ SC191289 · est 1998	—	—	£655.5k	—	27y	83	68y
PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted	—	—	—	—	21y	83	60y
STONE MARINE SERVICES LIMITED→ SC202418 · est 1999	—	—	£2.02M	—	26y	83	75y
TEN 47 LIMITED→ SC216186 · est 2001	—	—	£4.79M	—	25y	83	61y
AXYZ ENGINEERING LIMITED→ SC222810 · est 2001	—	—	£552.4k	—	24y	82	65y
BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943	—	—	—	5	82y	82	94y
CONTRACT SOLUTIONS (SCOTLAND) LIMITED→ SC305000 · est 2006 · no financials extracted	—	—	—	—	19y	82	75y
COOLFORCE LIMITED→ SC204027 · est 2000	—	—	—	0	26y	82	61y
DAVID L DOUGLAS LIMITED→ SC385357 · est 2010	—	—	—	1700	15y	82	70y
EDEN ILLUMINATION LTD→ SC365181 · est 2009	—	—	£38.6k	—	16y	82	69y
G.S. BROWN (PRECISION ENGINEERS) LIMITED→ SC137707 · est 1992	—	—	—	2000	34y	82	73y

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.

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🔒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

Incorporated1982-03-02

Jurisdictionscotland

Primary SIC25620 — Machining

Registered office

7 Stirling Road

Southfield Industrial Estate

Glenrothes

KY6 2ST

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-29

Last: 2025-07-15