THE NATIONAL PIPING CENTRE

🌳Matureactive

SC139271 · private-limited-guarant-nsc-limited-exemption · incorporated 1992-07-10

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 32.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Cultural education

Sector: Education

ALSO REGISTERED FOR

85600Educational support services
91011Library activities
91012Archives activities

Investor take

Pursue

Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 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

3 live charges · 2 lenders · oldest 32.6y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 32.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

18 officers (7 active, 18 linked, 15 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

10 connected companies via shared directors

Filing history

107 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2025-12-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-04
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-14
📄
accounts-with-accounts-type-group
accounts · AA
2025-09-17
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-25
➖
RAMSAY, Allan Grant resigned
director
2025-06-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-01
➕
ROBERTSON, Alan Scott appointed
director
2025-05-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-22
📄
accounts-with-accounts-type-group
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-group
accounts · AA
2023-03-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-13
➖
FORBES, Alan Rennie resigned
director
2023-01-27
📄
accounts-with-accounts-type-group
accounts · AA
2022-01-31
📄
accounts-with-accounts-type-group
accounts · AA
2021-01-18
📄
accounts-with-accounts-type-group
accounts · AA
2019-12-11
📄
accounts-with-accounts-type-group
accounts · AA
2019-09-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-09-16
➕
MCCUE, Kirsteen Carrick, Professor appointed
director
2018-12-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-12-03
➖
ROY, Graeme Douglas, Professor resigned
director
2018-11-05
📄
accounts-with-accounts-type-group
accounts · AA
2018-05-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-04-30
➕
MACNEILL, Colin James appointed
director
2017-06-07
➕
ROY, Graeme Douglas, Professor appointed
director
2011-10-10
➖
LOWE, Martin John Brodie, Dr resigned
director
2005-11-02
➖
MEEHAN, Anthony Edward resigned
director
2004-11-03
➖
MCRAE, Malcolm resigned
director
2003-03-19
➕
MORRISON, Fraser Stuart appointed
director
2002-10-30
➖
MOORHOUSE, John Edwin resigned
director
1999-12-06
➕
LOWE, Martin John Brodie, Dr appointed
director
1998-04-29
➕
RAMSAY, Allan Grant appointed
director
1998-03-18
➕
MEEHAN, Anthony Edward appointed
director
1998-02-16
➕
MOORHOUSE, John Edwin appointed
director
1996-05-23
➕
MORRISON, Fraser Stuart appointed
secretary
1996-05-23
➖
TAIT, George Daniel resigned
secretary
1996-05-23
➖
GORDON, Alexander Grant resigned
director
1996-04-04
➖
MACNEILL, Seumas resigned
director
1996-02-01
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1996-01-25
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1995-04-10
➕
IVORY, Brian Gammell, Sir appointed
director
1995-04-10
➕
FORBES, Alan Rennie appointed
director
1995-04-10
➕
MCRAE, Malcolm appointed
director
1993-09-20
🔒
Charge registered #1
Lender: Glasgow Development Agency
1992-11-03
➖
SPEIRS, Thomas resigned
secretary
1992-11-03
➕
TAIT, George Daniel appointed
secretary
1992-07-10
🏢
Company incorporated
As THE NATIONAL PIPING CENTRE
1992-07-10
➕
IVORY, Oona Mhairi Macphie appointed
director
1992-07-10
➕
SPEIRS, Thomas appointed
secretary
1992-07-10
➕
GORDON, Alexander Grant appointed
director
1992-07-10
➕
MACNEILL, Seumas appointed
director

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 34 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 77 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1992-07-10

Jurisdictionscotland

Primary SIC85520 — Cultural education

Registered office

30-34 Mcphater Street

Cowcaddens

Glasgow

G4 0HW

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2026-07-24

Last: 2025-07-10