ERG (SCOTLAND) LIMITED

🌳Matureactive
SC195590 · ltd · incorporated 1999-04-22
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 26.3y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other building completion and finishing
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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 26.3y

50/100
clean up first

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

  • · Oldest live charge is 26.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31

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 (35 events)Click to expand
  1. 2025-05-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-09-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  3. 2024-09-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2024-07-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-03-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-06-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-07-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-04-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-02-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-02-07
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2018-04-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-03-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2018-03-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2018-03-29
    ➖
    SWANSON, Alain Peter resigned
    director
  15. 2018-03-29
    ➖
    SWANSON, Peter Cunningham resigned
    director
  16. 2018-03-22
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2018-03-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2018-03-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2017-09-01
    ➕
    SWANSON, Alain Peter appointed
    director
  20. 2013-11-18
    ➖
    MACKAY, David Alexander resigned
    director
  21. 2013-05-16
    🔒
    Charge registered #3
    Lender: Lloyds Tsb Commercial Finance Limited, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
  22. 2012-11-01
    ➕
    JOY, Greer Helen appointed
    secretary
  23. 2012-11-01
    ➖
    FOSTER, Rose resigned
    secretary
  24. 2012-11-01
    ➖
    JOY, David John Grant resigned
    director
  25. 2008-06-20
    ➕
    SWANSON, Peter Cunningham appointed
    director
  26. 2006-10-19
    ➕
    JOY, Greer Helen appointed
    director
  27. 2002-11-07
    ➕
    MACKAY, David Alexander appointed
    director
  28. 2001-08-07
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  29. 2000-02-17
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  30. 1999-04-22
    🏢
    Company incorporated
    As ERG (SCOTLAND) LIMITED
  31. 1999-04-22
    ➕
    JOY, Ian David appointed
    director
  32. 1999-04-22
    ➕
    FOSTER, Rose appointed
    secretary
  33. 1999-04-22
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 1999-04-22
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  35. 1999-04-22
    ➕
    JOY, David John Grant appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +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 59 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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 Ian David Joy
Individual · British · DOB 01/1967 · age 59
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mrs Greer Helen Joy
Individual · British · DOB 10/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting11/09/2024
2 historic (ceased) PSCs
  • Mrs Greer Helen Joyceased 30/04/2017· 50-75% shares
  • Mr Peter Cunningham Swansonceased 06/04/2016· 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 →

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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
Incorporated1999-04-22
Jurisdictionscotland
Primary SIC43390 — Other building completion and finishing

Registered office

19 Clayton Court
Invergordon Industrial Estate
Invergordon
Ross-Shire
IV18 0SB

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-02-15
Last: 2026-02-01

Officers (3 active · 6 resigned)

JOY, Greer Helen→
secretary · appointed 2012-11-01
View their other companies + combined net worth →
Active
JOY, Greer Helen→
director · ~59y · appointed 2006-10-19
View their other companies + combined net worth →
Active
JOY, Ian David→
director · ~59y · appointed 1999-04-22
View their other companies + combined net worth →
Active
FOSTER, Rose→
secretary · appointed 1999-04-22 · resigned 2012-11-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-04-22 · resigned 1999-04-22
Resigned
JOY, David John Grant→
director · ~82y · appointed 1999-04-22 · resigned 2012-11-01
Resigned
MACKAY, David Alexander→
director · ~74y · appointed 2002-11-07 · resigned 2013-11-18
Resigned
SWANSON, Alain Peter→
director · ~41y · appointed 2017-09-01 · resigned 2018-03-29
Resigned
SWANSON, Peter Cunningham→
director · ~74y · appointed 2008-06-20 · resigned 2018-03-29
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
A registered charge1 property16/05/2013—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property07/08/2001—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property17/02/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-02-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-09-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-04-14
confirmation-statement-with-updates
confirmation-statement · CS01
2020-02-07