BOILERTEC (SCOTLAND) LIMITED

🌳Matureactive
SC243374 · ltd · incorporated 2003-02-04
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£2.21M
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: SIC 33190
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,205,586
Cash YoY
+21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£1.4m
↑ 21% YoY
Net Worth
£2.2m
↑ 2.3% YoY
Current Assets
£1.7m
↓ 4.3% YoY
Current Liabilities
—
£0£441k£882k£1.3m£1.8m£2.2mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£2.24M£2.18M
Current assets£1.65M£1.73M
Cash£1.42M£1.18M
Debtors£230.7k£548.1k
Net assets£2.21M£2.16M

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
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-07-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-07-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2022-08-05
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-02-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2022-02-07
    📄
    capital-name-of-class-of-shares
    capital · SH08
  7. 2021-09-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-02-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-02-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-02-03
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2019-07-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2018-08-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2017-07-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2016-07-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-09-26
    ➕
    MCADAM, Arlene Yvonne appointed
    director
  17. 2003-06-01
    ➕
    MCADAM, Arlene Yvonne appointed
    secretary
  18. 2003-06-01
    ➕
    MCADAM, Hugh appointed
    director
  19. 2003-02-06
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  20. 2003-02-06
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  21. 2003-02-04
    🏢
    Company incorporated
    As BOILERTEC (SCOTLAND) LIMITED
  22. 2003-02-04
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  23. 2003-02-04
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

84/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Hugh Mcadam
Individual · British · DOB 09/1965 · age 61
25–50%
25–50%board control25-50% shares · 25-50% voting · board control30/06/2016

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 →

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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
Incorporated2003-02-04
Jurisdictionscotland
Primary SIC33190 — SIC 33190

Registered office

Unit 4a 1 Netherton Road
Wishaw
Wishaw
Lanarkshire
ML2 0EQ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (3 active · 2 resigned)

MCADAM, Arlene Yvonne→
secretary · appointed 2003-06-01
View their other companies + combined net worth →
Active
MCADAM, Arlene Yvonne→
director · ~58y · appointed 2005-09-26
View their other companies + combined net worth →
Active
MCADAM, Hugh→
director · ~61y · appointed 2003-06-01
View their other companies + combined net worth →
Active
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2003-02-04 · resigned 2003-02-06
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2003-02-04 · resigned 2003-02-06
Resigned

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

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-02-07
capital-name-of-class-of-shares
capital · SH08
2022-02-07
capital-name-of-class-of-shares
capital · SH08
2022-02-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-04