CALEDONIAN INDUSTRIAL LIMITED

🌳Matureactive
SC201649 · ltd · incorporated 1999-11-18
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 25.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£-1.46M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

2 live charges · 2 lenders · oldest 25.1y

50/100
clean up first

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

  • · Oldest live charge is 25.1 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 (83/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
29 connected companies via shared directors
90
Filing history
84 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
Negative net assets
Liabilities exceed assets by £1,462,978
Cash YoY
+28%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£7k
↑ 28% YoY
Net Worth
-£1.5m
↑ 2.5% YoY
Current Assets
£78k
↑ 121% YoY
Current Liabilities
—
-£1.5m-£1.2m-£869k-£553k-£238k£78kOct 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
Total assets£-1.43M£-1.46M
Current assets£78.2k£35.4k
Cash£7.1k£5.6k
Debtors£68.8k£27.5k
Net assets£-1.46M£-1.50M

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 (31 events)Click to expand
  1. 2025-07-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-03-04
    ➖
    OWENS, Michael resigned
    director
  4. 2025-03-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-07-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2023-06-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2022-04-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-07-22
    ➖
    GRYCUK, Fiona Mackinnon resigned
    secretary
  10. 2021-07-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2021-07-19
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2021-01-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-01-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-01-27
    ➕
    RUSSELL, Gordon Iain appointed
    director
  15. 2021-01-27
    ➖
    LAING, Thomas Fleming resigned
    director
  16. 2020-12-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2019-06-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2018-08-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2017-08-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2012-05-25
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  21. 2011-12-06
    ➕
    DOYLE, Sean Hugh appointed
    director
  22. 2001-03-27
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2001-01-22
    ➕
    DOYLE, Kevin Michael appointed
    director
  24. 2001-01-22
    ➕
    GRYCUK, Fiona Mackinnon appointed
    secretary
  25. 2001-01-22
    ➖
    MORTON FRASER resigned
    corporate-secretary
  26. 2001-01-22
    ➕
    LAING, Thomas Fleming appointed
    director
  27. 2001-01-22
    ➕
    OWENS, Michael appointed
    director
  28. 2001-01-22
    ➖
    MORTON FRASER resigned
    corporate-director
  29. 1999-11-18
    🏢
    Company incorporated
    As CALEDONIAN INDUSTRIAL LIMITED
  30. 1999-11-18
    ➕
    MORTON FRASER appointed
    corporate-secretary
  31. 1999-11-18
    ➕
    MORTON FRASER appointed
    corporate-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — 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 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

Caledonian Heritable Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Caledonian Heritable Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
CALEDONIAN INDUSTRIAL LIMITED
This company · SC201649

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Caledonian Heritable Limited
Corporate entity
75–100%
—75-100% shares18/11/2016

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

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
Incorporated1999-11-18
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

46 Charlotte Square
Edinburgh
EH2 4HQ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-02
Last: 2025-11-18

Officers (3 active · 5 resigned)

DOYLE, Kevin Michael→
director · ~79y · appointed 2001-01-22
View their other companies + combined net worth →
Active
DOYLE, Sean Hugh→
director · ~58y · appointed 2011-12-06
View their other companies + combined net worth →
Active
RUSSELL, Gordon Iain→
director · ~55y · appointed 2021-01-27
View their other companies + combined net worth →
Active
GRYCUK, Fiona Mackinnon→
secretary · appointed 2001-01-22 · resigned 2021-07-22
Resigned
MORTON FRASER→
corporate-secretary · appointed 1999-11-18 · resigned 2001-01-22
Resigned
LAING, Thomas Fleming→
director · ~79y · appointed 2001-01-22 · resigned 2021-01-27
Resigned
OWENS, Michael→
director · ~86y · appointed 2001-01-22 · resigned 2025-03-04
Resigned
MORTON FRASER→
corporate-director · appointed 1999-11-18 · resigned 2001-01-22
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property25/05/2012—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property27/03/2001—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (84 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-18
accounts-with-accounts-type-small
accounts · AA
2025-07-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-15
termination-director-company-with-name-termination-date
officers · TM01
2025-03-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-small
accounts · AA
2024-07-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-20
accounts-with-accounts-type-small
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-18
accounts-with-accounts-type-small
accounts · AA
2022-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-18
termination-secretary-company-with-name-termination-date
officers · TM02
2021-07-22
accounts-with-accounts-type-small
accounts · AA
2021-07-19
termination-director-company-with-name-termination-date
officers · TM01
2021-01-28