VERILAB LTD.

🌳Matureactive

SC203696 · ltd · incorporated 2000-02-08

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 24.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other professional, scientific and technical activities n.e.c.

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). 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

1 live charge · oldest 24.0y

65/100

clean up first

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

· Oldest live charge is 24.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

8 officers (3 active, 8 linked, 5 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

104 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.

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 · accounting standard unknown

Metric	2024-12-31	2023-12-31
Average employees	400	300

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

filing

• 1 address

Last 180 days

filings

• 1 address
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-03-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-11-20
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-12
📄
capital-allotment-shares
capital · SH01
2023-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-22
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2022-12-09
📄
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-11-29
📄
gazette-notice-compulsory
gazette · GAZ1
2021-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-21
📄
change-person-director-company-with-change-date
officers · CH01
2020-01-21
📄
change-person-secretary-company-with-change-date
officers · CH03
2020-01-21
📄
change-person-secretary-company-with-change-date
officers · CH03
2019-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2002-06-07
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2002-05-31
➖
LITTERICK, Mark resigned
director
2002-03-31
➖
STEWART, David resigned
director
2001-11-01
➖
BRODIE, Helen Elizabeth resigned
director
2001-10-01
➕
STEWART, David appointed
director
2001-05-01
➕
BRODIE, Helen Elizabeth appointed
director
2000-02-15
➕
KELLY, Thomas, Dr appointed
secretary
2000-02-15
➕
KELLY, Thomas, Dr appointed
director
2000-02-15
➕
SPROTT, Jason appointed
director
2000-02-15
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2000-02-15
➕
LITTERICK, Mark appointed
director
2000-02-15
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director
2000-02-08
🏢
Company incorporated
As VERILAB LTD.
2000-02-08
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2000-02-08
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-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 26 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 62 — 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 62. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

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

Name	Shares	Voting rights	Nature of control	Notified
Ceo Thomas Kelly Individual · British · DOB 07/1964 · age 62	25–50%	—	25-50% shares	20/04/2016
Cto Jason Sprott Individual · British · DOB 07/1969 · age 57	25–50%	—	25-50% shares	20/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Professional services · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CHARLES RIVER LABORATORIES EDINBURGH LIMITED→ SC091725 · est 1985	£131.60M £96.97M–£166.24M	£135.39M	—	135900	41y	85	67y
ROBERTSON EDUCATION (ABERDEENSHIRE) HOLDINGS LIMITED→ SC209010 · est 2000	£5.47M £4.03M–£6.91M	—	—	0	25y	85	60y
DSF (2003) LIMITED→ SC144009 · est 1993	£4.70M £3.46M–£5.93M	—	—	7	33y	87	61y
FCC (EAST AYRSHIRE) HOLDINGS LIMITED→ SC300470 · est 2006	£3.99M £2.94M–£5.03M	—	—	0	20y	87	60y
NWH HOLDINGS LIMITED→ SC303441 · est 2006	£3.67M £2.70M–£4.64M	—	—	373	20y	88	61y
BLYTH & BLYTH CONSULTING ENGINEERS LIMITED→ SC241155 · est 2002	£2.78M £2.05M–£3.52M	—	—	93	23y	87	85y
SIBCAS LIMITED→ SC052604 · est 1973	£1.88M £1.39M–£2.38M	—	—	165	53y	88	68y
HORIZON (GP) LIMITED→ SC493523 · est 2014	£45.2k £33.3k–£57.1k	—	—	6	11y	95	66y
BURNDENE INVESTMENTS LIMITED→ SC015613 · est 1929	£14.3k £10.5k–£18.0k	—	—	0	96y	83	63y
3 ED HOLDINGS 2 LIMITED→ SC328040 · est 2007 · no financials extracted	—	—	—	—	18y	83	65y
ABACUS FINANCIAL MARKETING LIMITED→ SC197503 · est 1999	—	—	£3.4k	—	26y	83	59y
ACCOUNTING & TAXATION SERVICE LTD→ SC360357 · est 2009 · no financials extracted	—	—	—	—	17y	83	58y

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

Incorporated2000-02-08

Jurisdictionscotland

Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Forth House Forth House

28 Rutland Square

Edinburgh

EH1 2BW

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-29

Last: 2026-01-15

Officers (3 active · 5 resigned)

KELLY, Thomas, Dr→

secretary · appointed 2000-02-15

View their other companies + combined net worth →

Active

KELLY, Thomas, Dr→

director · ~62y · appointed 2000-02-15

View their other companies + combined net worth →

Active

SPROTT, Jason→

director · ~57y · appointed 2000-02-15

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2000-02-08 · resigned 2000-02-15

Resigned

BRODIE, Helen Elizabeth→

director · ~60y · appointed 2001-05-01 · resigned 2001-11-01

Resigned

LITTERICK, Mark→

director · ~62y · appointed 2000-02-15 · resigned 2002-05-31

Resigned

STEWART, David→

director · ~66y · appointed 2001-10-01 · resigned 2002-03-31

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2000-02-08 · resigned 2000-02-15

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	07/06/2002	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (104 total)

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2026-03-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-01-30

change-to-a-person-with-significant-control

persons-with-significant-control · PSC04

2025-11-20

accounts-with-accounts-type-micro-entity

accounts · AA

2025-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-01-21

accounts-with-accounts-type-micro-entity

accounts · AA

2024-09-30

capital-allotment-shares

capital · SH01

2024-04-12

confirmation-statement-with-updates

confirmation-statement · CS01

2024-04-09

accounts-with-accounts-type-micro-entity

accounts · AA

2023-09-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-01-24

accounts-with-accounts-type-micro-entity

accounts · AA

2022-12-22

gazette-filings-brought-up-to-date

gazette · DISS40

2022-12-22

dissolved-compulsory-strike-off-suspended

dissolution · DISS16(SOAS)

2022-12-09

gazette-notice-compulsory

gazette · GAZ1

2022-11-29

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-01-22