IPS PRODUCT SUPPLIES LIMITED

🌳Matureactive
SC227275 · ltd · incorporated 2002-01-23
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£546.9k
book net assets
Opportunity
72/100
Strong
🔔
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 24.3y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 24.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (79/100)

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
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £546,941
Cash draining
Cash down 40% YoY
Cash YoY
-40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£230k
↓ 40% YoY
Net Worth
£547k
↑ 24% YoY
Current Assets
£1.1m
↑ 3.5% YoY
Current Liabilities
—
£0£225k£450k£675k£899k£1.1mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£549.6k£452.6k
Current assets£1.12M£1.09M
Cash£229.8k£383.6k
Debtors£534.6k£404.2k
Net assets£546.9k£439.5k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2025-04-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-04-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2025-04-04
    ➖
    ALLAN, Senga Sneddon resigned
    director
  6. 2025-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-01-14
    ➕
    LATTA, James Alexander appointed
    director
  8. 2025-01-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2024-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-06-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-06-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-06-01
    ➕
    WHYLE, Rebecca Jayne appointed
    director
  13. 2023-05-26
    ➖
    APPLEBEE, Susan Leila resigned
    director
  14. 2023-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2022-01-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2021-08-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2020-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-02-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2020-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2019-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2014-05-31
    ➖
    CONNOR, Thomas resigned
    secretary
  23. 2014-05-31
    ➖
    CONNOR, Thomas resigned
    director
  24. 2014-04-29
    🔓
    Charge satisfied #2
  25. 2014-02-11
    🔒
    Charge registered #3
    Lender: Rbs Invoice Finance Limited
  26. 2013-06-26
    ➕
    APPLEBEE, Susan Leila appointed
    director
  27. 2004-01-13
    🔒
    Charge registered #2
    Lender: Skipton Business Finance Limited
  28. 2003-12-03
    🔓
    Charge satisfied #1
  29. 2003-11-11
    ➕
    CONNOR, Thomas appointed
    secretary
  30. 2003-11-11
    ➖
    ELWORTHY, Edward resigned
    secretary
  31. 2003-11-11
    ➕
    CONNOR, Thomas appointed
    director
  32. 2003-11-11
    ➖
    ELWORTHY, Edward resigned
    director
  33. 2002-02-14
    🔒
    Charge registered #1
    Lender: Stephen Clark Limited
  34. 2002-01-23
    🏢
    Company incorporated
    As IPS PRODUCT SUPPLIES LIMITED
  35. 2002-01-23
    ➕
    ELWORTHY, Edward appointed
    secretary
  36. 2002-01-23
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  37. 2002-01-23
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  38. 2002-01-23
    ➕
    ALLAN, Senga Sneddon appointed
    director
  39. 2002-01-23
    ➕
    ELWORTHY, Edward appointed
    director
  40. 2002-01-23
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  41. 2002-01-23
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Ips Group Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ips Group Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
IPS PRODUCT SUPPLIES LIMITED
This company · SC227275

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
Ips Group Holdings Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control04/04/2025
1 historic (ceased) PSC
  • Ms Senga Sneddon Allanceased 04/04/2025· 75-100% 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 →

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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
Incorporated2002-01-23
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Summit House
4-5 Mitchell Street
Edinburgh
EH6 7BD
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-02-06
Last: 2026-01-23

Officers (2 active · 8 resigned)

LATTA, James Alexander→
director · ~31y · appointed 2025-01-14
View their other companies + combined net worth →
Active
WHYLE, Rebecca Jayne→
director · ~42y · appointed 2023-06-01
View their other companies + combined net worth →
Active
CONNOR, Thomas→
secretary · appointed 2003-11-11 · resigned 2014-05-31
Resigned
ELWORTHY, Edward→
secretary · appointed 2002-01-23 · resigned 2003-11-11
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-01-23 · resigned 2002-01-23
Resigned
ALLAN, Senga Sneddon→
director · ~64y · appointed 2002-01-23 · resigned 2025-04-04
Resigned
APPLEBEE, Susan Leila→
director · ~62y · appointed 2013-06-26 · resigned 2023-05-26
Resigned
CONNOR, Thomas→
director · ~60y · appointed 2003-11-11 · resigned 2014-05-31
Resigned
ELWORTHY, Edward→
director · ~79y · appointed 2002-01-23 · resigned 2003-11-11
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2002-01-23 · resigned 2002-01-23
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property11/02/2014—
satisfied
Skipton Business Finance
Skipton Business Finance Limited
Floating charge1 property13/01/200429/04/2014
satisfied
Stephen Clark
Stephen Clark Limited
Bond & floating charge1 property14/02/200203/12/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-12
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-04-08
termination-director-company-with-name-termination-date
officers · TM01
2025-04-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-17
appoint-person-director-company-with-name-date
officers · AP01
2025-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-25
appoint-person-director-company-with-name-date
officers · AP01
2023-06-02
termination-director-company-with-name-termination-date
officers · TM01
2023-06-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-17