A.E. STRUTHERS LIMITED

🌳Matureactive
SC267923 · ltd · incorporated 2004-05-14
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£264.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 46160
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 20.9y

50/100
clean up first

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

  • · Oldest live charge is 20.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
11 officers (3 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £264,003
Cash YoY
+49%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↑ 49% YoY
Net Worth
£264k
↑ 8.3% YoY
Current Assets
£239k
↓ 11% YoY
Current Liabilities
—
£0£54k£108k£162k£216k£270kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-05-312024-05-31
Total assets£289.0k£275.1k
Current assets£239.4k£270.4k
Cash£6.2k£4.1k
Debtors£87.0k£102.0k
Net assets£264.0k£243.7k

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 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-02-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-12-05
    📄
    second-filing-of-director-appointment-with-name
    officers · RP04AP01
  3. 2024-11-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-04-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2020-04-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2020-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-02-20
    ➕
    CAMPBELL, Lorne appointed
    director
  13. 2020-01-17
    ➖
    CAMPBELL, Christine Elizabeth resigned
    director
  14. 2019-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-06-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2018-03-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-02-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-01-15
    📄
    capital-allotment-shares
    capital · SH01
  19. 2013-11-28
    🔒
    Charge registered #3
    Lender: Lloyds Bank Commercial Finance Limited, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
  20. 2011-10-01
    ➕
    MCDOWALL, Pamela appointed
    director
  21. 2011-08-09
    ➖
    CAMPBELL, Ewen Gordon resigned
    director
  22. 2011-05-12
    ➖
    THE PRG PARTNERSHIP SOLICITORS resigned
    corporate-secretary
  23. 2011-01-07
    ➕
    CAMPBELL, Ewen Gordon appointed
    director
  24. 2009-08-20
    ➖
    STRUTHERS, Thomas James resigned
    secretary
  25. 2009-08-20
    ➕
    THE PRG PARTNERSHIP SOLICITORS appointed
    corporate-secretary
  26. 2009-08-20
    ➖
    STRUTHERS, Linda Nancy resigned
    director
  27. 2009-08-20
    ➖
    STRUTHERS, Thomas James resigned
    director
  28. 2006-12-21
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  29. 2005-06-02
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  30. 2004-06-17
    ➕
    CAMPBELL, Christine Elizabeth appointed
    director
  31. 2004-06-17
    ➕
    STRUTHERS, Linda Nancy appointed
    director
  32. 2004-06-03
    ➕
    CAMPBELL, Gordon Yates appointed
    director
  33. 2004-06-03
    ➕
    STRUTHERS, Thomas James appointed
    secretary
  34. 2004-06-03
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  35. 2004-06-03
    ➕
    STRUTHERS, Thomas James appointed
    director
  36. 2004-06-03
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director
  37. 2004-05-14
    🏢
    Company incorporated
    As A.E. STRUTHERS LIMITED
  38. 2004-05-14
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  39. 2004-05-14
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 85 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

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 Gordon Yates Campbell
Individual · British · DOB 08/1941 · age 85
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
2 historic (ceased) PSCs
  • Mrs Christine Elizabeth Campbellceased 17/01/2020· 25-50% shares · 25-50% voting
  • Mrs Pamela Mcdowallceased 22/12/2017· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2004-05-14
Jurisdictionscotland
Primary SIC46160 — SIC 46160

Registered office

16 Royal Terrace
Glasgow
G3 7NY

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-12-09
Last: 2025-11-25

Officers (3 active · 8 resigned)

CAMPBELL, Gordon Yates→
director · ~85y · appointed 2004-06-03
View their other companies + combined net worth →
Active
CAMPBELL, Lorne→
director · ~55y · appointed 2020-02-20
View their other companies + combined net worth →
Active
MCDOWALL, Pamela→
director · ~48y · appointed 2011-10-01
View their other companies + combined net worth →
Active
STRUTHERS, Thomas James→
secretary · appointed 2004-06-03 · resigned 2009-08-20
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-05-14 · resigned 2004-06-03
Resigned
THE PRG PARTNERSHIP SOLICITORS→
corporate-secretary · appointed 2009-08-20 · resigned 2011-05-12
Resigned
CAMPBELL, Christine Elizabeth→
director · ~78y · appointed 2004-06-17 · resigned 2020-01-17
Resigned
CAMPBELL, Ewen Gordon→
director · ~57y · appointed 2011-01-07 · resigned 2011-08-09
Resigned
STRUTHERS, Linda Nancy→
director · ~73y · appointed 2004-06-17 · resigned 2009-08-20
Resigned
STRUTHERS, Thomas James→
director · ~75y · appointed 2004-06-03 · resigned 2009-08-20
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-05-14 · resigned 2004-06-03
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Lloyds Bank Commercial Finance Limited, No 1 Brookhill Way, Banbury, Oxon, OX16 3EL
A registered charge1 property28/11/2013—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/12/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/06/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (87 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-02-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-15
second-filing-of-director-appointment-with-name
officers · RP04AP01
2024-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-04
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-18
appoint-person-director-company-with-name-date
officers · AP01
2021-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-02
confirmation-statement-with-updates
confirmation-statement · CS01
2020-04-30