CLUSTAN LIMITED
🌳Matureactive
SC080676 · ltd · incorporated 1982-11-02
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 39.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£532.0k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Manufacture of other men's outerwear
Sector: Manufacturing
ALSO REGISTERED FOR
- 58110Book publishing
- 62012Business and domestic software development
- 72190Other research and experimental development on natural sciences and engineering
Investor take
PursueAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 80/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 39.1y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 39.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
102 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 · FRS 105 (micro)Positive net assets
Net assets £531,988
Net assets shrinking
Down £69,443 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£532k
↓ 12% YoY
Current Assets
£528k
↓ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £532.0k | £601.4k |
| Current assets | £528.4k | £597.8k |
| Net assets | £532.0k | £601.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
1 signal 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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-08-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-05-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-05-25➕WISHART, Adrian Christopher appointeddirector
- 2024-08-26📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-08-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-14➕WISHART, John David appointeddirector
- 2023-11-01📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-09-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-10-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-19📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-07-19📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-07-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2020-07-19📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-07-19📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-07-19📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-03-24➕WISHART, Doreen Pamela Craig appointedsecretary
- 2020-03-24➖WISHART, David resignedsecretary
- 2020-03-12➖WISHART, David resigneddirector
- 2019-09-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-09-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 1999-05-26🔓Charge satisfied #1
- 1995-01-01➕WISHART, David appointedsecretary
- 1995-01-01➕WISHART, David appointeddirector
- 1987-03-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1982-11-02🏢Company incorporatedAs CLUSTAN 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 80 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
20/100
No succession signalNo meaningful acquirability indicators from public data.
SIGNALS
- primaryFamily succession underway: Not a takeover target — WISHART, Adrian Christopher (same surname) appointed 2025-05-25. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
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
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Doreen Pamela Craig Wishart Individual · British · DOB 03/1946 · age 80 | — | — | sig. influencesignificant influence | 12/03/2020 |
1 historic (ceased) PSC
- Dr David Wishartceased 12/03/2020· 75-100% voting · firm interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| CLAYMORE LOCK AND SAFE COMPANY LIMITED→ SC219182 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CLEAN BURNER SYSTEMS LIMITED→ SC322513 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| COCOMEL SOAPS LIMITED→ SC671471 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| COMGAS LTD.→ SC335771 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| CONTAGION CONTROLS LTD→ SC658111 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| COOLICON LIGHTING LTD→ SC497963 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| COUTTS CARPENTRY EDINBURGH LTD→ SC685118 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| CRAIG BROWN ELECTRICAL SERVICES LIMITED→ SC531635 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| CRAWFORD DOORS SCOTLAND LIMITED→ SC798988 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CRAWFORD WELDING AND FABRICATION LTD→ SC842241 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CRUN GOLF LTD→ SC700515 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CUMMINS ELECTRIFIED POWER EUROPE LTD.→ SC285819 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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
Incorporated1982-11-02
Jurisdictionscotland
Primary SIC14131 — Manufacture of other men's outerwear
Registered office
4/4c Ellersly Road
Edinburgh
EH12 6HZ
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-07
Last: 2025-04-23
Officers (4 active · 2 resigned)
WISHART, Doreen Pamela Craig→
Activesecretary · appointed 2020-03-24
View their other companies + combined net worth →
WISHART, Adrian Christopher→
Activedirector · ~49y · appointed 2025-05-25
View their other companies + combined net worth →
Active
WISHART, John David→
Activedirector · ~52y · appointed 2024-08-14
View their other companies + combined net worth →
WISHART, David→
Resignedsecretary · appointed 1995-01-01 · resigned 2020-03-24
WISHART, David→
Resigneddirector · ~83y · appointed 1995-01-01 · resigned 2020-03-12
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/03/1987 | 26/05/1999 |
Recent filings (102 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-20
appoint-person-director-company-with-name-date
officers · AP01
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-23
appoint-person-director-company-with-name-date
officers · AP01
2024-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
accounts-with-accounts-type-micro-entity
accounts · AA
2023-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-03
accounts-with-accounts-type-micro-entity
accounts · AA
2020-08-19