THE SAFETY ASSOCIATION OF FEDERATED EMPLOYERS

🌳Matureactive
SC191840 · private-limited-guarant-nsc-limited-exemption · incorporated 1998-12-09
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£432.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of business and employers membership organisations
Sector: Other service activities
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (74/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
19 officers (4 active, 19 linked, 18 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £432,436
Cash YoY
+25%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£421k
↑ 25% YoY
Net Worth
£432k
↑ 12% YoY
Current Assets
—
Current Liabilities
—
£0£86k£173k£259k£346k£432kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Cash£421.4k£337.2k
Net assets£432.4k£386.1k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (52 events)Click to expand
  1. 2025-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2023-11-30
    ➖
    FORDYCE, Andrew resigned
    director
  5. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-23
    ➖
    MITCHELL, Roderick Charles resigned
    director
  7. 2022-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-08-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-06-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2020-06-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2020-05-21
    ➖
    MACKIE & DEWAR resigned
    corporate-secretary
  15. 2019-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2019-12-20
    ➖
    MACKENZIE, Fraser Alan resigned
    director
  17. 2019-09-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2019-09-02
    ➕
    PACK, Cameron appointed
    director
  19. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2016-11-09
    ➕
    TULLOCH, John William appointed
    director
  23. 2016-11-09
    ➖
    TORRY, David resigned
    director
  24. 2016-11-09
    ➖
    TULLOCH, John resigned
    director
  25. 2014-11-05
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  26. 2014-06-17
    ➖
    MCKENZIE, Philip Gordon resigned
    director
  27. 2013-06-11
    ➕
    MURRAY, Robert Jones appointed
    director
  28. 2013-06-11
    ➕
    MACKENZIE, Fraser Alan appointed
    director
  29. 2010-04-19
    ➖
    HIRD, Norman resigned
    director
  30. 2008-06-10
    ➕
    HIRD, Norman appointed
    director
  31. 2008-06-10
    ➕
    TORRY, David appointed
    director
  32. 2007-12-04
    ➕
    BRUCE, Craig Keith appointed
    director
  33. 2007-08-20
    ➖
    BIRD, Roger Stephen resigned
    director
  34. 2007-06-05
    ➖
    DUGUID, Frank resigned
    director
  35. 2007-06-05
    ➖
    PERT, James Masson resigned
    director
  36. 2006-06-26
    ➕
    BIRD, Roger Stephen appointed
    director
  37. 2004-12-07
    ➕
    MITCHELL, Roderick Charles appointed
    director
  38. 2004-05-24
    ➖
    BARNETT, Angus resigned
    director
  39. 2003-11-25
    ➖
    MURDO, Frank resigned
    director
  40. 2002-12-03
    ➕
    FORDYCE, Andrew appointed
    director
  41. 2002-12-03
    ➕
    MCKENZIE, Philip Gordon appointed
    director
  42. 2002-11-21
    ➖
    BRUCE, William Wilson resigned
    director
  43. 2002-09-28
    ➖
    SKENE, Ralph resigned
    director
  44. 1998-12-14
    ➕
    BARNETT, Angus appointed
    director
  45. 1998-12-14
    ➕
    BRUCE, William Wilson appointed
    director
  46. 1998-12-14
    ➕
    MURDO, Frank appointed
    director
  47. 1998-12-14
    ➕
    PERT, James Masson appointed
    director
  48. 1998-12-14
    ➕
    TULLOCH, John appointed
    director
  49. 1998-12-09
    🏢
    Company incorporated
    As THE SAFETY ASSOCIATION OF FEDERATED EMPLOYERS
  50. 1998-12-09
    ➕
    MACKIE & DEWAR appointed
    corporate-secretary
Showing most recent 50 of 52 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

63/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondary12+ year tenure: Director in role 18 years.
  • 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.)
🔒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.

See pricing →

Company details

Statusactive
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1998-12-09
Jurisdictionscotland
Primary SIC94110 — Activities of business and employers membership organisations

Registered office

Safe
3 Diagonal Road
Elgin
IV30 6AH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26

Officers (4 active · 15 resigned)

BRUCE, Craig Keith→
director · ~53y · appointed 2007-12-04
View their other companies + combined net worth →
Active
MURRAY, Robert Jones→
director · ~55y · appointed 2013-06-11
View their other companies + combined net worth →
Active
PACK, Cameron→
director · ~51y · appointed 2019-09-02
View their other companies + combined net worth →
Active
TULLOCH, John William→
director · ~62y · appointed 2016-11-09
View their other companies + combined net worth →
Active
MACKIE & DEWAR→
corporate-secretary · appointed 1998-12-09 · resigned 2020-05-21
Resigned
BARNETT, Angus→
director · ~61y · appointed 1998-12-14 · resigned 2004-05-24
Resigned
BIRD, Roger Stephen→
director · ~61y · appointed 2006-06-26 · resigned 2007-08-20
Resigned
BRUCE, William Wilson→
director · ~74y · appointed 1998-12-14 · resigned 2002-11-21
Resigned
DUGUID, Frank→
director · ~80y · appointed 1998-12-09 · resigned 2007-06-05
Resigned
FORDYCE, Andrew→
director · ~66y · appointed 2002-12-03 · resigned 2023-11-30
Resigned
HIRD, Norman→
director · ~69y · appointed 2008-06-10 · resigned 2010-04-19
Resigned
MACKENZIE, Fraser Alan→
director · ~43y · appointed 2013-06-11 · resigned 2019-12-20
Resigned
MCKENZIE, Philip Gordon→
director · ~67y · appointed 2002-12-03 · resigned 2014-06-17
Resigned
MITCHELL, Roderick Charles→
director · ~63y · appointed 2004-12-07 · resigned 2022-08-23
Resigned
MURDO, Frank→
director · ~82y · appointed 1998-12-14 · resigned 2003-11-25
Resigned
PERT, James Masson→
director · ~68y · appointed 1998-12-14 · resigned 2007-06-05
Resigned
SKENE, Ralph→
director · ~85y · appointed 1998-12-09 · resigned 2002-09-28
Resigned
TORRY, David→
director · ~68y · appointed 2008-06-10 · resigned 2016-11-09
Resigned
TULLOCH, John→
director · ~89y · appointed 1998-12-14 · resigned 2016-11-09
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—05/11/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (110 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-07
termination-director-company-with-name-termination-date
officers · TM01
2023-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-28
termination-director-company-with-name-termination-date
officers · TM01
2022-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-07
change-person-director-company-with-change-date
officers · CH01
2021-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-21