UNION DIRECT LIMITED

🌳Matureactive

SC202187 · ltd · incorporated 1999-12-07

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 23.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

77/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Advertising agencies

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 75/100. 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 23.6y

50/100

clean up first

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

· Oldest live charge is 23.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 38/100 — workable, but lender will want more DD.

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

18 officers (6 active, 18 linked, 13 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

6 connected companies via shared directors

Filing history

129 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

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.

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
Average employees	3100	2700

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (56 events)Click to expand

2025-10-07
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-05
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-06-05
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-29
➕
BATEY, Ian Daniel appointed
director
2025-05-29
➕
HART, Michael appointed
director
2025-05-29
➕
KILLOUGH, Louise appointed
director
2025-05-29
➖
CHALMERS, Angus William Douglas resigned
director
2025-05-29
➖
LINDSAY, Andrew Charles resigned
director
2025-05-29
➖
MCATEER, Ian Henderson resigned
director
2025-05-29
➖
REID, Mark Thomas resigned
director
2025-05-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-07
📄
capital-alter-shares-subdivision
capital · SH02
2023-02-17
📄
capital-alter-shares-subdivision
capital · SH02
2023-02-17
📄
capital-name-of-class-of-shares
capital · SH08
2023-02-17
📄
memorandum-articles
incorporation · MA
2023-02-17
📄
resolution
resolution · RESOLUTIONS
2023-02-17
📄
second-filing-capital-allotment-shares
capital · RP04SH01
2023-01-27
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-01-19
📄
capital-allotment-shares
capital · SH01
2021-08-17
➕
BLAIR, Heather Margaret appointed
director
2021-08-17
➕
CAMPBELL MAIR, Emma appointed
director
2020-09-24
➕
BLAIR, Heather Margaret appointed
secretary
2020-09-24
➖
AS COMPANY SERVICES LIMITED resigned
corporate-secretary
2017-08-09
➖
KERMANI, Dawn resigned
director
2016-03-29
🔓
Charge satisfied #1
2015-01-01
➕
LINDSAY, Andrew Charles appointed
director
2009-10-27
➕
KERMANI, Dawn appointed
director
2008-10-21
🔒
Charge registered #2
Lender: Clydesdale Bank PLC
2007-11-26
➖
ANDERSON STRATHERN resigned
corporate-secretary
2007-11-26
➕
AS COMPANY SERVICES LIMITED appointed
corporate-secretary
2007-07-01
➖
CLAIRE, Daniel Robert resigned
director
2006-03-01
➕
CHALMERS, Angus William Douglas appointed
director
2004-06-21
➕
CLAIRE, Daniel Robert appointed
director
2004-06-18
➖
IVALO, Kai resigned
director
2002-09-13
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2001-10-08
➕
REID, Mark Thomas appointed
director
2000-03-31
➖
TAYLOR, Paul Vincent Macdougall resigned
director
2000-02-16
➕
ANDERSON STRATHERN appointed
corporate-secretary
2000-02-16
➖
HBJ SECRETARIAL LIMITED resigned
corporate-nominee-secretary
2000-02-16
➕
IVALO, Kai appointed
director

Showing most recent 50 of 56 events

Owner dependency

48/100

Moderate — manageable with handover

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.

Red flags

1 med ·

4 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: CHALMERS, Angus William Douglas resigned 2025-05-29; LINDSAY, Andrew Charles resigned 2025-05-29; MCATEER, Ian Henderson resigned 2025-05-29

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Union Group Eot Limited

Corporate parent

🏛️

Agents Of Change (Scotland) Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

UNION DIRECT LIMITED

This company · SC202187

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Agents Of Change (Scotland) Limited Corporate entity	75–100%	—	75-100% shares	01/01/2023
Union Group Eot Limited Corporate entity	—	—	sig. influencesignificant influence	29/05/2025

1 historic (ceased) PSC

Mr Ian Henderson Mcateerceased 29/05/2025· 25-50% shares · 25-50% voting

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 · Professional services · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CLYDE & CO (SMS) LIMITED→ SC443515 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
CMB ENGINEERING LTD→ SC768226 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CN DEFENCE LTD→ SC641117 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
COBALT ACCOUNTANCY SCOTLAND LTD→ SC332427 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
COGENT HEALTHCARE LIMITED→ SC706366 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
COLLINS AND CO DEFENCE LAWYERS LIMITED→ SC658652 · est 2020 · no financials extracted	—	—	—	—	6y	—	—
COMBINE RECRUITMENT LTD→ SC752929 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
COMMERCIAL IN CONFIDENCE CONSULTING LTD→ SC404678 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
COMPREHENSIVE DESIGN ARCHITECTS LIMITED→ SC311114 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
CONMAC LIMITED→ SC782822 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CONSTRUCTION COMPANY SOLUTIONS LIMITED→ SC446665 · est 2013 · no financials extracted	—	—	—	—	13y	—	—
CONSTRUCTION MATERIALS TESTING LTD.→ SC272812 · est 2004 · no financials extracted	—	—	—	—	21y	—	—

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

Incorporated1999-12-07

Jurisdictionscotland

Primary SIC73110 — Advertising agencies

Registered office

18 Inverleith Terrace

Edinburgh

Midlothian

EH3 5NS

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-08

Last: 2025-08-25