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.

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

78/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

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 44.1y

35/100

too messy

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

· Oldest live charge is 44.1 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

19 officers (7 active, 19 linked, 14 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

183 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 change-of-name

Last 180 days

filing

• 1 change-of-name

Counts from Companies House filing history.

Corporate timeline (62 events)Click to expand

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-secretary-company-with-name-termination-date
officers · TM02
2025-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
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
2022-10-18
📄
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
2007-11-05
➕
WILSON, Paul James appointed
director

Showing most recent 50 of 62 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

-6 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
FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004	—	—	—	42	21y	85	66y
CLEAR AUDIO SYSTEMS LTD→ SC144490 · est 1993	—	—	£17.3k	—	33y	83	81y
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	—	—	£4.37M	—	25y	83	61y
AXYZ ENGINEERING LIMITED→ SC222810 · est 2001	—	—	—	400	24y	82	65y
BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted	—	—	—	—	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

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

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