EBLAST LIMITED

📈Growthactive

SC202165 · ltd · incorporated 1999-12-06

Investment thesis

Growth-phase business — story-led; valuation sensitive to momentum.

Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.

Why risky: Price often leads fundamentals; dependency on founder often high.

🔒Estimated value

—

Upgrade to see

Turnover

£11.11M

year to Dec 2024

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Treatment and coating of metals

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: conservative operator with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 23.9y

45/100

clean up first

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

· Oldest live charge is 23.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.
· Profitable and stable/growing — lender coverage supportable.

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

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

12 officers (4 active, 12 linked, 9 with DOB)

Ownership & PSC

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

Director network

4 connected companies via shared directors

Filing history

112 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Profitable

Profit before tax £1,783,577

Strong revenue growth

Turnover up 17% YoY

Turnover YoY

+17%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Turnover	£11.11M	£9.51M
Gross profit	£5.02M	£4.15M
Operating profit	£1.78M	£1.21M
Profit before tax	£1.78M	£1.21M
Average employees	7400	6900

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

🔒Filing-note intelligence

4 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

filings

Last 90 days

filings

Last 180 days

filings

• 6 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (54 events)Click to expand

2026-01-19
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-14
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-14
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-14
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-14
📄
change-person-director-company-with-change-date
officers · CH01
2026-01-14
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-09
📄
change-person-director-company-with-change-date
officers · CH01
2024-09-25
📄
accounts-with-accounts-type-full
accounts · AA
2023-10-13
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-01
📄
accounts-with-accounts-type-full
accounts · AA
2021-12-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-10-04
📄
accounts-with-accounts-type-full
accounts · AA
2021-04-21
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2021-02-26
➖
NOBLE, Christopher Leonard resigned
director
2021-02-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-02-26
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-02-26
🔓
Charge satisfied #7
2020-11-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-10-30
➖
TAYLOR, Peter Stuart resigned
director
2020-09-01
📄
accounts-with-accounts-type-full
accounts · AA
2019-12-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-12-13
🔒
Charge registered #7
Lender: Lloyds Bank Commercial Finance Limited
2019-12-12
🔓
Charge satisfied #6
2019-05-01
➕
NOBLE, Christopher Leonard appointed
director
2019-04-02
➕
MCDONALD, Linzie Catherine Cadden appointed
director
2019-03-12
➖
BOOTH, Fiona Jane resigned
director
2018-03-31
➖
SIMPSON, Adair James resigned
director
2017-10-01
➕
BOOTH, Fiona Jane appointed
director
2017-09-01
➕
SIMPSON, Adair James appointed
director
2016-08-04
🔓
Charge satisfied #4
2016-07-05
🔓
Charge satisfied #5
2016-07-05
🔓
Charge satisfied #3
2016-07-05
🔓
Charge satisfied #2
2016-06-24
🔓
Charge satisfied #1
2015-09-16
🔒
Charge registered #6
Lender: Santander UK PLC, as Security Trustee for Each Santander Group Member.
2014-07-23
➕
LC SECRETARIES LIMITED appointed
corporate-secretary
2014-07-23
➖
STORIE CRUDEN & SIMPSON resigned
corporate-secretary
2014-07-23
➖
MCDONALD, Iain Kevin resigned
director
2014-07-23
➖
MCDONALD, Roderick Iain resigned
director
2013-04-01
➕
DUGUID, Scott Andrew Dawson appointed
director
2013-04-01
➕
TAYLOR, Peter Stuart appointed
director
2006-03-20
🔒
Charge registered #5
Lender: The Governor and Company of the Bank of Scotland
2004-10-11
🔒
Charge registered #4
Lender: The Governor and Company of the Bank of Scotland
2004-10-11
🔒
Charge registered #3
Lender: The Governor and Company of the Bank of Scotland
2002-10-15
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
2002-07-12
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2000-04-25
➕
MCDONALD, Neil Roderick appointed
director
2000-04-25
➕
MCDONALD, Iain Kevin appointed
director
1999-12-06
🏢
Company incorporated
As EBLAST LIMITED

Showing most recent 50 of 54 events

Owner dependency

68/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primary20+ year tenure: Director in role 26 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

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

🏛️

Egroup Services Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

EBLAST LIMITED

This company · SC202165

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%

Name	Shares	Voting rights	Nature of control	Notified
Egroup Services Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GRAY & ADAMS LIMITED→ SC047482 · est 1970	£75.13M £58.44M–£91.83M	—	—	502	56y	87	71y
GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002	£53.82M £41.86M–£65.78M	—	—	0	24y	85	71y
GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983	£17.07M £13.28M–£20.87M	—	—	106	43y	85	71y
GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990	£16.62M £12.93M–£20.32M	—	—	101	35y	87	71y
INTERWELL LIMITED→ SC391140 · est 2011	£10.98M £8.54M–£13.42M	£33.44M	—	7800	15y	91	60y
ROTECH SUBSEA LIMITED→ SC451221 · est 2013	£6.41M £4.99M–£7.83M	£17.20M	—	4800	12y	84	58y
DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987	£6.22M £4.84M–£7.60M	£21.87M	—	11000	38y	93	70y
SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003	£6.15M £4.78M–£7.51M	£1.45M	—	1500	22y	94	60y
IMENCO UK LIMITED→ SC372021 · est 2010	£5.97M £4.64M–£7.29M	£17.33M	—	11500	16y	95	71y
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987	£1.63M £1.27M–£1.99M	—	—	16	39y	85	71y
SAPPI ROCKWELL SOLUTIONS LIMITED→ SC177774 · est 1997	£1.19M £927.2k–£1.46M	—	—	71	28y	84	52y
EXCEED TORRIDON LIMITED→ SC508840 · est 2015	—	—	—	54	10y	84	65y

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

Typeltd

Incorporated1999-12-06

Jurisdictionscotland

Primary SIC25610 — Treatment and coating of metals

Registered office

Egroup, Tumulus Way Midmill Industrial Estate, Midmill

Kintore, Inverurie

Aberdeenshire

AB51 0TG

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-20

Last: 2025-12-06

Officers (4 active · 8 resigned)

LC SECRETARIES LIMITED→

corporate-secretary · appointed 2014-07-23

View their other companies + combined net worth →

Active

DUGUID, Scott Andrew Dawson→

director · ~46y · appointed 2013-04-01

View their other companies + combined net worth →

Active

MCDONALD, Linzie Catherine Cadden→

director · ~57y · appointed 2019-04-02

View their other companies + combined net worth →

Active

MCDONALD, Neil Roderick→

director · ~57y · appointed 2000-04-25

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1999-12-06 · resigned 1999-12-06

Resigned

STORIE CRUDEN & SIMPSON→

corporate-secretary · appointed 1999-12-06 · resigned 2014-07-23

Resigned

BOOTH, Fiona Jane→

director · ~55y · appointed 2017-10-01 · resigned 2019-03-12

Resigned

MCDONALD, Iain Kevin→

director · ~58y · appointed 2000-04-25 · resigned 2014-07-23

Resigned

MCDONALD, Roderick Iain→

director · ~82y · appointed 1999-12-06 · resigned 2014-07-23

Resigned

NOBLE, Christopher Leonard→

director · ~43y · appointed 2019-05-01 · resigned 2021-02-26

Resigned

SIMPSON, Adair James→

director · ~41y · appointed 2017-09-01 · resigned 2018-03-31

Resigned

TAYLOR, Peter Stuart→

director · ~73y · appointed 2013-04-01 · resigned 2020-10-30

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
satisfied	Lloyds Banking Group Lloyds Bank Commercial Finance Limited	A registered charge	—	13/12/2019	26/02/2021
satisfied	Santander Santander UK PLC, as Security Trustee for Each Santander Group Member.	A registered charge	—	16/09/2015	12/12/2019
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	20/03/2006	05/07/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	11/10/2004	04/08/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	11/10/2004	05/07/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	2 properties	15/10/2002	05/07/2016
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	12/07/2002	24/06/2016

Recent filings (112 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-01-19

change-person-director-company-with-change-date

officers · CH01

2026-01-19

change-person-director-company-with-change-date

officers · CH01

2026-01-14

change-person-director-company-with-change-date

officers · CH01

2026-01-14

change-person-director-company-with-change-date

officers · CH01

2026-01-14

change-person-director-company-with-change-date

officers · CH01

2026-01-14

change-person-director-company-with-change-date

officers · CH01

2026-01-14

accounts-with-accounts-type-full

accounts · AA

2025-09-30

confirmation-statement-with-updates

confirmation-statement · CS01

2024-12-09

change-person-director-company-with-change-date

officers · CH01

2024-12-09

accounts-with-accounts-type-full

accounts · AA

2024-09-25

confirmation-statement-with-updates

confirmation-statement · CS01

2023-12-06

accounts-with-accounts-type-full

accounts · AA

2023-10-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-12-06

accounts-with-accounts-type-full

accounts · AA

2022-12-01