H.F. COMMS LIMITED

🌳Matureactive

SC196409 · ltd · incorporated 1999-05-20

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.

Why now

Window steady · medium confidence

Mixed signals — 1 changes over 30 days, no clear direction yet.

· PSC count: 1 → 2

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 24.2y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑PSC count: 1 → 2

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.46M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other telecommunications activities

Sector: Information & communication

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 75). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 24.2y

70/100

ready

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

· Oldest live charge is 24.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

9 officers (6 active, 9 linked, 7 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

6 connected companies via shared directors

Filing history

83 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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £1,455,702

Cash YoY

-7%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£1.6m

↓ 7.4% YoY

Net Worth

£1.5m

~ YoY

Current Assets

£4.3m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.46M	£1.45M
Current assets	£4.34M	£4.35M
Cash	£1.56M	£1.68M
Debtors	£1.86M	£1.80M
Net assets	£1.46M	£1.45M

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

filings

Last 90 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 180 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2026-06-19
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-06-18
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-18
📄
accounts-with-accounts-type-medium
accounts · AA
2024-12-11
📄
accounts-with-accounts-type-full
accounts · AA
2024-03-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-14
🔓
Charge satisfied #1
2023-12-18
📄
accounts-with-accounts-type-full
accounts · AA
2023-02-13
📄
mortgage-charge-whole-release-with-charge-number
mortgage · MR05
2022-12-19
📄
accounts-with-accounts-type-full
accounts · AA
2021-12-17
📄
accounts-with-accounts-type-full
accounts · AA
2020-12-21
📄
accounts-with-accounts-type-small
accounts · AA
2019-12-17
📄
accounts-with-accounts-type-full
accounts · AA
2018-12-11
📄
accounts-with-accounts-type-full
accounts · AA
2017-12-11
📄
accounts-with-accounts-type-full
accounts · AA
2017-07-07
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-06-26
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2017-06-19
🔒
Charge registered #2
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2017-03-01
➖
FULTON, Joyce Jean resigned
secretary
2015-03-12
➕
FERGUSON, John Archibald appointed
director
2015-03-12
➕
FULTON, Hugh Russell appointed
director
2007-03-15
➖
FULTON, Thomas Bonnar resigned
director
2002-05-30
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2002-04-06
➕
BALMER, John appointed
director
2002-04-06
➕
FULTON, Anne Patricia appointed
director
1999-05-20
🏢
Company incorporated
As H.F. COMMS LIMITED
1999-05-20
➕
FULTON, Hugh Macbrayne appointed
director
1999-05-20
➕
MADINE, Gregory Henry appointed
director
1999-05-20
➕
FULTON, Joyce Jean appointed
secretary
1999-05-20
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1999-05-20
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1999-05-20
➕
FULTON, Thomas Bonnar 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 27 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 75 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 75 years old. Natural succession window is now.
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.)

Group structure

H F Electrical Limited holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️

H F Electrical Limited

Corporate parent · holds 50-75% shares · board control

majority

⬇

H.F. COMMS LIMITED

This company · SC196409

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
H F Electrical Limited Corporate entity	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	21/11/2025

1 historic (ceased) PSC

Mr Hugh Macbrayne Fultonceased 21/11/2025· 50-75% shares

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 · Technology · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
BIP SOLUTIONS LIMITED→ SC086146 · est 1984	£10.24M £7.31M–£13.17M	—	—	137	42y	83	79y
BLACKBAUD EUROPE LTD.→ SC212593 · est 2000	£3.33M £2.38M–£4.28M	£23.77M	—	12000	25y	84	64y
ALTIA SOLUTIONS LIMITED→ SC228451 · est 2002	£409.8k £292.7k–£526.9k	£6.88M	—	0	24y	83	60y
29 STUDIOS LIMITED→ SC358469 · est 2009	—	—	£79.7k	—	17y	83	58y
ANGEL EYE MEDIA LIMITED→ SC268652 · est 2004	—	—	£18.6k	—	22y	83	61y
APERTA LIMITED→ SC136758 · est 1992	—	—	£13.46M	—	34y	83	75y
CALEDONIA TV PRODUCTIONS LTD.→ SC141667 · est 1992	—	—	£451.3k	—	33y	83	77y
CRAB APPLE FILMS LIMITED→ SC242643 · est 2003	—	—	—	100	23y	83	64y
CUE AND REVIEW RECORDING SERVICE LIMITED→ SC129748 · est 1991 · no financials extracted	—	—	—	—	35y	83	78y
E-MAX SYSTEMS LIMITED→ SC189614 · est 1998	—	—	£290.8k	—	27y	83	76y
ELASTIC CREATIVE LTD.→ SC203930 · est 2000	—	—	£20.1k	—	26y	83	58y
EURO SYSTEMS (SCOTLAND) LIMITED→ SC360587 · est 2009 · no financials extracted	—	—	—	—	17y	83	67y

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.

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Company details

Statusactive

Typeltd

Incorporated1999-05-20

Jurisdictionscotland

Primary SIC61900 — Other telecommunications activities

Registered office

100 Albert Drive

Glasgow

G41 2SJ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-06-03

Last: 2026-05-20