ATLAS (SCOTLAND) LIMITED

🌳Matureactive
SC260329 · ltd · incorporated 2003-12-05
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 Mar 2025
Net worth
£583.3k
book net assets
Opportunity
83/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 26400
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -40% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 21.9y

30/100
under pressure

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

  • · Oldest live charge is 21.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
12 officers (3 active, 12 linked, 10 with DOB)
87
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £583,294
Net assets shrinking
Down £58,817 YoY
Cash YoY
-40%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£63k
↓ 40% YoY
Net Worth
£583k
↓ 9.2% YoY
Current Assets
£418k
↓ 32% YoY
Current Liabilities
—
£0£128k£257k£385k£514k£642kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£628.3k£702.8k
Current assets£417.5k£617.0k
Cash£63.0k£104.5k
Debtors£120.4k£230.1k
Net assets£583.3k£642.1k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-03-31
    ➖
    MCCUE, Martin resigned
    director
  2. 2026-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-04-02
    ➕
    WHYTE, Alan Mcalpine appointed
    director
  6. 2024-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-18
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-09-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-09-28
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  11. 2023-08-12
    ➖
    KELLY, Mary resigned
    secretary
  12. 2023-08-12
    ➖
    KELLY, Mary resigned
    director
  13. 2022-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-10-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-10-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2021-06-27
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2021-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-10-29
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  19. 2020-04-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-04-02
    ➕
    MCCUE, Martin appointed
    director
  21. 2019-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2016-05-20
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  24. 2014-10-31
    ➖
    ROSS, Peter Angus resigned
    director
  25. 2013-03-28
    ➕
    KELLY, Kevin James appointed
    director
  26. 2013-01-31
    ➖
    CARRICK, John Spencer resigned
    director
  27. 2004-05-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  28. 2004-03-31
    ➖
    PEARL, Roger resigned
    director
  29. 2004-01-19
    ➖
    GLEN, Jeremy Stewart resigned
    nominee-secretary
  30. 2004-01-19
    ➕
    KELLY, Mary appointed
    secretary
  31. 2004-01-19
    ➕
    CARRICK, John Spencer appointed
    director
  32. 2004-01-19
    ➖
    DUNN, Alastair Kenneth resigned
    nominee-director
  33. 2004-01-19
    ➖
    GLEN, Jeremy Stewart resigned
    nominee-director
  34. 2004-01-19
    ➕
    KELLY, Mary appointed
    director
  35. 2004-01-19
    ➕
    PEARL, Roger appointed
    director
  36. 2003-12-15
    ➕
    TURNER, Jonathan Francis Andrew appointed
    director
  37. 2003-12-15
    ➕
    ROSS, Peter Angus appointed
    director
  38. 2003-12-05
    🏢
    Company incorporated
    As ATLAS (SCOTLAND) LIMITED
  39. 2003-12-05
    ➕
    GLEN, Jeremy Stewart appointed
    nominee-secretary
  40. 2003-12-05
    ➕
    DUNN, Alastair Kenneth appointed
    nominee-director
  41. 2003-12-05
    ➕
    GLEN, Jeremy Stewart appointed
    nominee-director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • 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.)

Group structure

Holburn Hifi Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Holburn Hifi Ltd
Corporate parent · holds 50-75% shares
majority
⬇
ATLAS (SCOTLAND) LIMITED
This company · SC260329

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Holburn Hifi Ltd
Corporate entity
50–75%
—50-75% shares06/04/2016

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 →

Similar companies

Active · Manufacturing · KA postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ANDY STEEL LTD→
SC827800 · est 2024 · no financials extracted
————1y——
AROWE ELECTRICS LTD→
SC601112 · est 2018 · no financials extracted
————7y——
ARTISAN WOOD (AYR) LTD→
SC870200 · est 2025 · no financials extracted
———————
AVIATION MECHANICAL MAINTENANCE LTD→
SC718117 · est 2021 · no financials extracted
————4y——
AYRSHIRE RIGGING/ERECTING LTD→
SC874889 · est 2026 · no financials extracted
———————
BALMPOTS LIMITED→
SC550758 · est 2016 · no financials extracted
————9y——
BELSTON PLASMA PROFILES LTD→
SC663474 · est 2020 · no financials extracted
————5y——
BOATCRAFT LTD→
SC376761 · est 2010 · no financials extracted
————16y——
BON888 LIMITED→
SC884054 · est 2026 · no financials extracted
———————
BRODIE ENGINEERING LIMITED→
SC163999 · est 1996 · no financials extracted
————30y——
BROWN BROS. (IRVINE) LIMITED→
SC057060 · est 1975 · no financials extracted
————51y——
BRYCE AVIATION LTD→
SC851853 · est 2025 · no financials extracted
———————
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2003-12-05
Jurisdictionscotland
Primary SIC26400 — SIC 26400

Registered office

Unit 5, Block 8 Moorfield Industrial Estate
Kilmarnock
KA2 0BA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-24
Last: 2026-04-10

Officers (3 active · 9 resigned)

KELLY, Kevin James→
director · ~66y · appointed 2013-03-28
View their other companies + combined net worth →
Active
TURNER, Jonathan Francis Andrew→
director · ~49y · appointed 2003-12-15
View their other companies + combined net worth →
Active
WHYTE, Alan Mcalpine→
director · ~44y · appointed 2025-04-02
View their other companies + combined net worth →
Active
GLEN, Jeremy Stewart→
nominee-secretary · appointed 2003-12-05 · resigned 2004-01-19
Resigned
KELLY, Mary→
secretary · appointed 2004-01-19 · resigned 2023-08-12
Resigned
CARRICK, John Spencer→
director · ~83y · appointed 2004-01-19 · resigned 2013-01-31
Resigned
DUNN, Alastair Kenneth→
nominee-director · ~60y · appointed 2003-12-05 · resigned 2004-01-19
Resigned
GLEN, Jeremy Stewart→
nominee-director · ~60y · appointed 2003-12-05 · resigned 2004-01-19
Resigned
KELLY, Mary→
director · ~83y · appointed 2004-01-19 · resigned 2023-08-12
Resigned
MCCUE, Martin→
director · ~63y · appointed 2020-04-02 · resigned 2026-03-31
Resigned
PEARL, Roger→
director · ~80y · appointed 2004-01-19 · resigned 2004-03-31
Resigned
ROSS, Peter Angus→
director · ~90y · appointed 2003-12-15 · resigned 2014-10-31
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property20/05/2016—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/05/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (87 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-17
termination-director-company-with-name-termination-date
officers · TM01
2026-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
appoint-person-director-company-with-name-date
officers · AP01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-22
resolution
resolution · RESOLUTIONS
2024-04-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
termination-director-company-with-name-termination-date
officers · TM01
2023-09-28
termination-secretary-company-with-name-termination-date
officers · TM02
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-16