SANDSTORM INTERNATIONAL LIMITED

🌳Matureactive

SC243243 · ltd · incorporated 2003-01-31

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 22.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: SIC 13922

Sector: Manufacturing

ALSO REGISTERED FOR

15120SIC 15120
47722Retail sale of leather goods in specialised stores

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 22.9y

50/100

clean up first

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

· Oldest live charge is 22.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (69/100)

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

Company profile

address, 3 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, 9 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

162 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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
Total assets	—	£2.09M
Current assets	—	£780.4k
Cash	—	£4.1k
Debtors	—	£776.4k
Net assets	—	£2.09M

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

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (55 events)Click to expand

2025-12-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
📄
change-corporate-secretary-company-with-change-date
officers · CH04
2025-10-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-02
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-02
📄
change-person-director-company-with-change-date
officers · CH01
2025-10-02
📄
change-person-director-company-with-change-date
officers · CH01
2025-07-24
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-07-24
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-07-24
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-07-24
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-07-24
📍
default-companies-house-service-address-applied-officer
address · RP09
2025-06-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-07
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-03
📄
gazette-notice-compulsory
gazette · GAZ1
2025-04-07
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-08
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2020-02-01
➕
MWANGI, Betty appointed
director
2019-10-01
➕
AWUONDO, Isaac Odundo appointed
director
2018-12-31
➖
HAMMOND-CHAMBERS, Alex resigned
director
2013-04-30
➕
AH&CO LIMITED appointed
corporate-secretary
2013-04-30
➖
ANDREW HAMILTON AND COMPANY resigned
corporate-secretary
2011-05-04
➕
ANDERSSON, Fred Ossian appointed
director
2010-08-16
➖
MCKAY, Claire resigned
secretary
2010-08-16
➕
ANDREW HAMILTON AND COMPANY appointed
corporate-secretary
2010-04-08
➖
AFRICAN AGRICULTURAL CAPITAL LIMITED resigned
corporate-director
2009-07-31
➖
WATT, James Richard resigned
director
2009-04-01
➕
MCKAY, Claire appointed
secretary
2009-04-01
➖
PALMER, Lynn resigned
secretary
2008-09-12
🔓
Charge satisfied #1
2008-08-25
➕
HAMMOND-CHAMBERS, Alex appointed
director
2008-07-25
➖
CARSON, John Seton Burrell resigned
director
2008-05-19
➕
PALMER, Lynn appointed
secretary
2008-05-18
➖
PRESTIGE, Elspeth resigned
secretary
2008-01-08
🔒
Charge registered #2
Lender: Adam & Company PLC
2007-11-21
➕
STEPHENSON, Mark Robert appointed
director
2007-01-29
➕
PRESTIGE, Elspeth appointed
secretary
2007-01-29
➖
STEEL, Pamela Alice Evelyn resigned
secretary
2007-01-25
➕
CARSON, John Seton Burrell appointed
director
2007-01-25
➖
STEEL, Pamela Alice Evelyn resigned
director
2007-01-25
➕
WATT, James Richard appointed
director
2007-01-25
➕
AFRICAN AGRICULTURAL CAPITAL LIMITED appointed
corporate-director
2004-05-20
➖
MCCULLOCH, Georgina Margaret resigned
secretary
2004-05-20
➕
STEEL, Pamela Alice Evelyn appointed
secretary
2003-06-03
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2003-04-01
➕
MCCULLOCH, Georgina Margaret appointed
secretary

Showing most recent 50 of 55 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

85/100

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 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high · 1 low

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-02-14

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Similar companies

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ALBERTO RICCI LTD→ SC787830 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ALI PATERSON LIMITED→ SC330144 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
BRANDIT (HIGHLAND) LTD→ SC815599 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BT COATINGS LTD→ SC847348 · est 2025 · no financials extracted	—	—	—	—	—	—	—
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CACTUS DENTAL TECHNOLOGY LTD→ SC554687 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
CALEDONIAN COMMERCIAL CALIPER COMPANY LIMITED→ SC451003 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
CALEDONIAN TAPE CONVERTORS LIMITED→ SC072562 · est 1980 · no financials extracted	—	—	—	—	45y	—	—
CALLAWAY SSS LIMITED→ SC605877 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CAMERON PLANT SERVICES LIMITED→ SC376669 · est 2010 · no financials extracted	—	—	—	—	16y	—	—
CAMERON WOOD LIMITED→ SC708905 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
CANONBURY INTERIORS LIMITED→ SC238719 · est 2002 · no financials extracted	—	—	—	—	23y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated2003-01-31

Jurisdictionscotland

Primary SIC13922 — SIC 13922

Registered office

Park House Business Centre

South Street

Elgin

IV30 1JB

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-02-14OVERDUE

Last: 2025-01-31