CONJUNCT LIMITED

🌳Matureactive

SC261901 · ltd · incorporated 2004-01-14

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 18.5y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£-220.5k

book net assets

Opportunity

77/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 26110

Sector: Manufacturing

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Deleverage or restructure. Leverage at 100% of assets — consider sale of non-core assets or equity injection. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.5y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 18.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

14 officers (5 active, 14 linked, 7 with DOB)

Ownership & PSC

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

Director network

5 connected companies via shared directors

Filing history

131 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Negative net assets

Liabilities exceed assets by £220,539

High leverage

Liabilities are 100% of total assets

Leverage

100%

Liabilities / Total assets

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£221k

↓ 13% YoY

Current Assets

£495

↓ 97% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-30	2023-09-30
Total assets	£495	£18.8k
Current assets	£495	£18.8k
Net assets	£-220.5k	£-195.6k

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

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2025-06-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-10
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-03
📄
capital-cancellation-shares
capital · SH06
2019-09-03
📄
resolution
resolution · RESOLUTIONS
2019-09-03
📄
capital-return-purchase-own-shares
capital · SH03
2019-02-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-04
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2018-04-04
⚠️
legacy
insolvency · CAP-SS
2018-04-04
📄
legacy
capital · SH20
2018-04-04
📄
resolution
resolution · RESOLUTIONS
2017-03-01
🔓
Charge satisfied #1
2016-09-05
➕
THOMSON, Geoffrey Charles Byars appointed
director
2016-09-05
➖
GRAY, John Peter, Dr resigned
director
2016-09-05
➖
SIMPSON, David, Dr resigned
director
2014-12-04
🔓
Charge satisfied #2
2011-12-06
➕
ROBERTSON, George appointed
secretary
2011-12-06
➕
ROBERTSON, George Benvie appointed
director
2011-12-06
➖
ALLSTAFF, Kenneth Robertson resigned
secretary
2010-05-07
🔒
Charge registered #2
Lender: West Lothian Enterprise Limited
2009-07-30
➖
SNOWDON, John Fraser, Dr resigned
director
2008-05-31
➕
ALLSTAFF, Kenneth Robertson appointed
secretary
2008-05-31
➖
SYMINGTON, Keith James, Dr resigned
secretary
2007-12-20
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2007-08-15
➕
ALLSTAFF, Kenneth Robertson appointed
director
2005-06-01
➕
SYMINGTON, Keith James, Dr appointed
secretary
2005-05-31
➖
MORGAN, Susan Mary resigned
secretary
2004-07-01
➕
SIMPSON, David, Dr appointed
director
2004-03-24
➕
GRAY, John Peter, Dr appointed
director
2004-03-24
➕
SNOWDON, John Fraser, Dr appointed
director
2004-02-11
➖
SYMINGTON, Keith James, Dr resigned
secretary
2004-01-15
➕
SYMINGTON, Keith James appointed
director
2004-01-15
➕
MORGAN, Susan Mary appointed
secretary
2004-01-15
➕
SYMINGTON, Keith James, Dr appointed
secretary
2004-01-15
➖
@UKPLC CLIENT SECRETARY LTD resigned
corporate-nominee-secretary
2004-01-15
➖
@UKPLC CLIENT DIRECTOR LTD resigned
corporate-nominee-director
2004-01-14
🏢
Company incorporated
As CONJUNCT LIMITED
2004-01-14
➕
@UKPLC CLIENT SECRETARY LTD appointed
corporate-nominee-secretary
2004-01-14
➕
@UKPLC CLIENT DIRECTOR LTD appointed
corporate-nominee-director

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 81 — succession pressure is live.

Succession & seller-readiness

90/100

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 81 years old. Natural succession window is now.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

1 high ·

1 insolvency-related filing on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2018-04-04: legacy

Group structure

Scottish Enterprise holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Scottish Enterprise

Corporate parent

⬇

CONJUNCT LIMITED

This company · SC261901

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

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Scottish Enterprise Corporate entity	—	—	sig. influencesignificant influence	06/04/2016

1 historic (ceased) PSC

Mr Keith James Symingtonceased 03/03/2017· 25-50% 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 →

Similar companies

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SPRING ENGINEERING SERVICES LIMITED→ SC220378 · est 2001	£1.49M £1.16M–£1.83M	—	—	3800	24y	87	74y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2004-01-14

Jurisdictionscotland

Primary SIC26110 — SIC 26110

Registered office

5 South Charlotte Street

Edinburgh

EH2 4AN

Scotland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2027-01-28

Last: 2026-01-14