CATHKIN CLEAN SCOTLAND LIMITED
💤Zombieactive
SC167726 · ltd · incorporated 1996-08-15
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
73/100
Strong
What this business does
Primary activity: Washing and (dry-)cleaning of textile and fur products
Sector: Other service activities
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 73/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
4 live charges · 4 lenders · oldest 29.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 29.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 2500 | 2500 |
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
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
- 2025-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-09-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-06-09📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-02-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-02-28🔓Charge satisfied #3
- 2022-02-14➖ASHTON, David resigneddirector
- 2021-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-08📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-07-06📄gazette-notice-compulsorygazette · GAZ1
- 2020-10-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-17📄legacymiscellaneous · RP04CS01
- 2019-10-17📄legacymiscellaneous · RP04CS01
- 2019-10-17📄legacymiscellaneous · RP04CS01
- 2019-10-16📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2019-10-09📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2019-08-21🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2019-04-15➕KHANDELWAL, Surendra appointeddirector
- 2019-04-15➖SMITH, Alison Jane resignedsecretary
- 2019-04-15➕ASHTON, David appointeddirector
- 2019-04-15➖SMITH, Gavin Fleming resigneddirector
- 2019-04-15🔒Charge registered #3Lender: Rbs Invoice Finance LTD
- 2019-03-27🔓Charge satisfied #2
- 2002-10-22🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 2001-01-03🔓Charge satisfied #1
- 1996-11-01🔒Charge registered #1Lender: National Westminster Bank PLC
- 1996-08-15🏢Company incorporatedAs CATHKIN CLEAN SCOTLAND LIMITED
- 1996-08-15➕SMITH, Alison Jane appointedsecretary
- 1996-08-15➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1996-08-15➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1996-08-15➕SMITH, Gavin Fleming appointeddirector
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
55/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 30 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Surendra Khandelwal Individual · British · DOB 09/1969 · age 57 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 15/04/2019 |
3 historic (ceased) PSCs
- Mr David Ashtonceased 14/02/2022· 25-50% shares · 25-50% voting
- Mr Gavin Fleming Smithceased 15/04/2019· 25-50% shares · 25-50% voting · board control · significant influence
- Mrs Alison Jane Smithceased 15/04/2019· 25-50% shares · 25-50% voting · significant influence
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 · Trade services · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ANAKA LIMITED→ SC882698 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ANTALYA BARBERS 1 LTD→ SC857857 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AQUA CLEAN SCOTLAND LIMITED→ SC498393 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| ARTIFICIAL LIFT PERFORMANCE LIMITED→ SC388357 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| ASPECT FLOORING & BLINDS LTD→ SC616652 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| ATHENA APPOINTMENTS LIMITED→ SC802118 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| AUCHINDERRAN RENEWABLES LIMITED→ SC452245 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| AURORA BIT CONSULTANCY LIMITED→ SC295797 · est 2006 · no financials extracted | — | — | — | — | 20y | — | — |
| AURORA NMS LIMITED→ SC553783 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AVON SOLUTIONS LIMITED→ SC601062 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| AW WINDOW CLEANING LTD→ SC868585 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| AWOKEN CONSULTING LTD→ SC690336 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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
Incorporated1996-08-15
Jurisdictionscotland
Primary SIC96010 — Washing and (dry-)cleaning of textile and fur products
Registered office
Amicable House 252 Union Street
Aberdeen
AB10 1TN
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-29
Last: 2026-04-15
Officers (1 active · 4 resigned)
KHANDELWAL, Surendra→
Activedirector · ~57y · appointed 2019-04-15
View their other companies + combined net worth →
SMITH, Alison Jane→
Resignedsecretary · appointed 1996-08-15 · resigned 2019-04-15
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1996-08-15 · resigned 1996-08-15
ASHTON, David→
Resigneddirector · ~67y · appointed 2019-04-15 · resigned 2022-02-14
SMITH, Gavin Fleming→
Resigneddirector · ~60y · appointed 1996-08-15 · resigned 2019-04-15
Click a director name to see their full track record across all companies.
Mortgages & charges
4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 21/08/2019 | — | |
| satisfied | NatWest Group Rbs Invoice Finance LTD | A registered charge | — | 15/04/2019 | 28/02/2022 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 22/10/2002 | 27/03/2019 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Floating charge | 1 property | 01/11/1996 | 03/01/2001 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (101 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-06-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-11
termination-director-company-with-name-termination-date
officers · TM01
2022-02-28
mortgage-satisfy-charge-full
mortgage · MR04
2022-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-14