HALDANE LIMITED

🌳Matureactive
SC191119 · ltd · incorporated 1998-11-13
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
—
year to Jun 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 16290
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (71/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
72 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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-06-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-10-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-11-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-01-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-02-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2019-12-11
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2018-10-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2017-10-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2016-10-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2015-11-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-10-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2014-11-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-08-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2014-04-06
    ➕
    ADAM, Elaine appointed
    director
  16. 2011-07-01
    ➖
    PEEBLES, Robert Alan resigned
    director
  17. 2002-10-30
    ➖
    BARNES, Alexa resigned
    director
  18. 2002-10-30
    ➖
    MILNE, Peter Gordon resigned
    director
  19. 2002-10-30
    ➕
    PEEBLES, Robert Alan appointed
    director
  20. 2001-06-29
    ➕
    ADAM, Elaine appointed
    secretary
  21. 2001-06-29
    ➖
    PAGAN SECRETARIES LIMITED resigned
    corporate-secretary
  22. 2000-03-22
    ➕
    BARNES, Alexa appointed
    director
  23. 2000-03-22
    ➕
    MILNE, Peter Gordon appointed
    director
  24. 2000-01-16
    ➖
    PATTULLO, Kenneth Douglas resigned
    director
  25. 1999-11-10
    ➖
    PAGAN MACBETH resigned
    corporate-nominee-secretary
  26. 1999-11-10
    ➕
    PAGAN SECRETARIES LIMITED appointed
    corporate-secretary
  27. 1998-12-22
    ➕
    ADAM, William Forrester appointed
    director
  28. 1998-12-22
    ➖
    CLARKE, John Bernard resigned
    nominee-director
  29. 1998-12-22
    ➕
    PATTULLO, Kenneth Douglas appointed
    director
  30. 1998-11-13
    🏢
    Company incorporated
    As HALDANE LIMITED
  31. 1998-11-13
    ➕
    PAGAN MACBETH appointed
    corporate-nominee-secretary
  32. 1998-11-13
    ➕
    CLARKE, John Bernard appointed
    nominee-director

Owner dependency

84/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr William Forrester Adam
Individual · British · DOB 07/1963 · age 63
25–50%
—25-50% shares10/10/2016
Mrs Elaine Adam
Individual · British · DOB 06/1964 · age 62
25–50%
—25-50% shares10/10/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Typeltd
Incorporated1998-11-13
Jurisdictionscotland
Primary SIC16290 — SIC 16290

Registered office

Blackwood Way
Bankhead Industrial Estate
Glenrothes
Fife
KY7 6JF

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (3 active · 7 resigned)

ADAM, Elaine→
secretary · appointed 2001-06-29
View their other companies + combined net worth →
Active
ADAM, Elaine→
director · ~62y · appointed 2014-04-06
View their other companies + combined net worth →
Active
ADAM, William Forrester→
director · ~63y · appointed 1998-12-22
View their other companies + combined net worth →
Active
PAGAN MACBETH→
corporate-nominee-secretary · appointed 1998-11-13 · resigned 1999-11-10
Resigned
PAGAN SECRETARIES LIMITED→
corporate-secretary · appointed 1999-11-10 · resigned 2001-06-29
Resigned
BARNES, Alexa→
director · ~80y · appointed 2000-03-22 · resigned 2002-10-30
Resigned
CLARKE, John Bernard→
nominee-director · ~71y · appointed 1998-11-13 · resigned 1998-12-22
Resigned
MILNE, Peter Gordon→
director · ~82y · appointed 2000-03-22 · resigned 2002-10-30
Resigned
PATTULLO, Kenneth Douglas→
director · ~86y · appointed 1998-12-22 · resigned 2000-01-16
Resigned
PEEBLES, Robert Alan→
director · ~88y · appointed 2002-10-30 · resigned 2011-07-01
Resigned

Click a director name to see their full track record across all companies.

Recent filings (72 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-02-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-21
accounts-with-accounts-type-dormant
accounts · AA
2024-10-24
accounts-with-accounts-type-dormant
accounts · AA
2023-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-dormant
accounts · AA
2023-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
accounts-with-accounts-type-dormant
accounts · AA
2021-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-dormant
accounts · AA
2021-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-21
accounts-with-accounts-type-dormant
accounts · AA
2019-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-18