AYRSHIRE STEELS LIMITED
🌳Matureactive
SC105331 · ltd · incorporated 1987-06-19
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 38.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£240.2k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
PursueAsset-holding vehicle. Family succession underway — not a classic acquisition target.
Opportunity 78/100 (strong), 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
3 live charges · oldest 38.6y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 38.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (4 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
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 £240,233
Net assets shrinking
Down £22,296 YoY
Cash YoY
-5%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£74k
↓ 5.1% YoY
Net Worth
£240k
↓ 8.5% YoY
Current Assets
£314k
↓ 21% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £252.6k | £299.1k |
| Current assets | £313.7k | £395.6k |
| Cash | £74.2k | £78.2k |
| Debtors | £90.7k | £166.0k |
| Net assets | £240.2k | £262.5k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 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
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2025-08-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-01➕BAXTER, Russell James appointeddirector
- 2023-11-07📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-07-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-06-21🔓Charge satisfied #3
- 2022-06-21🔓Charge satisfied #2
- 2021-11-01📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2021-11-01📄change-person-secretary-company-with-change-dateofficers · CH03
- 2021-11-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-11-01📄change-person-director-company-with-change-dateofficers · CH01
- 2021-10-25📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-10-25🔓Charge satisfied #1
- 2021-10-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-08-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-02📍move-registers-to-sail-company-with-new-addressaddress · AD03
- 2020-11-02📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2020-09-02📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2001-06-19➖MCCOWAN, Gary Alexander resigneddirector
- 1999-05-11🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1998-10-01➕MCCOWAN, Gary Alexander appointeddirector
- 1997-11-04🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1987-09-30🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1987-06-19🏢Company incorporatedAs AYRSHIRE STEELS 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 73 — 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 — BAXTER, Russell James (same surname) appointed 2024-10-01. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Robert Baxter Individual · British · DOB 05/1953 · age 73 | 50–75% | 50–75% | 50-75% shares · 50-75% voting | 06/04/2016 |
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 · Construction · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AUBERNE HOMES (AYRSHIRE) LIMITED→ SC466223 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AYRSHIRE SAFETY NETTING SERVICES LIMITED→ SC666390 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| B.H. DEVELOPMENTS (SCOTLAND) LIMITED→ SC158584 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| BALDELECTRICIAN LIMITED→ SC565260 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| BC CIVIL ENGINEERING LTD→ SC773957 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| BC CIVILS & GROUNDWORKS LTD→ SC697291 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BD PLUMBING & HEATING GAS SERVICES LTD→ SC883082 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BDAS (SERVICES) LTD→ SC422045 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| BDG PROJECT MANAGEMENT LTD→ SC844302 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BEL&RAF RENDERING LTD→ SC664925 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BELL MAINTENANCE LIMITED→ SC442011 · est 2013 · no financials extracted | — | — | — | — | 13y | — | — |
| BELMONDO RENDERING LTD→ SC697139 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
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
Incorporated1987-06-19
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.
Registered office
35 Glenburn Road
Prestwick
South Ayrshire
KA9 2NS
Scotland
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-14
Last: 2025-10-31
Officers (4 active · 1 resigned)
Active
Active
BAXTER, Russell James→
Activedirector · ~45y · appointed 2024-10-01
View their other companies + combined net worth →
Active
MCCOWAN, Gary Alexander→
Resigneddirector · ~62y · appointed 1998-10-01 · resigned 2001-06-19
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 11/05/1999 | 21/06/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/11/1997 | 21/06/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 30/09/1987 | 25/10/2021 |
Recent filings (122 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
appoint-person-director-company-with-name-date
officers · AP01
2024-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-07
change-sail-address-company-with-old-address-new-address
address · AD02
2023-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-29
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-21
mortgage-satisfy-charge-full
mortgage · MR04
2022-06-21
change-sail-address-company-with-old-address-new-address
address · AD02
2021-11-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-01
change-person-secretary-company-with-change-date
officers · CH03
2021-11-01