1ST CLASS GAS LIMITED

🌳Matureactive
SC270334 · ltd · incorporated 2004-07-06
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 21.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£256.6k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Technical and vocational secondary education
Sector: Education
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

2 live charges · oldest 21.0y

65/100
clean up first

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

  • · Oldest live charge is 21.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
100 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 · FRS 105 (micro)
Positive net assets
Net assets £256,617
Net assets shrinking
Down £167,146 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£257k
↓ 39% YoY
Current Assets
£12k
↓ 82% YoY
Current Liabilities
—
£0£85k£170k£254k£339k£424kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£257.1k£423.8k
Current assets£12.3k£68.5k
Cash—£55.0k
Debtors—£13.5k
Net assets£256.6k£423.8k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-05-22
    🔓
    Charge satisfied #2
  4. 2024-07-08
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2024-07-08
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2024-07-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-07-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-07-02
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2024-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2024-06-03
    ➖
    MCKENZIE, George resigned
    director
  11. 2024-06-03
    ➖
    MCKENZIE, Shona resigned
    director
  12. 2023-08-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2022-01-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2022-01-21
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  16. 2021-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-08-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-06-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-02-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2018-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2015-02-01
    ➕
    TURNBULL, Elaine appointed
    director
  22. 2015-02-01
    ➕
    MCKENZIE, George appointed
    director
  23. 2013-01-31
    ➖
    WEST, David Ernest resigned
    director
  24. 2005-04-06
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  25. 2004-11-26
    ➕
    TURNBULL, Ian Gordon appointed
    director
  26. 2004-11-26
    ➕
    MCKENZIE, Shona appointed
    director
  27. 2004-07-06
    🏢
    Company incorporated
    As 1ST CLASS GAS LIMITED
  28. 2004-07-06
    ➕
    TURNBULL, Ian Gordon appointed
    secretary
  29. 2004-07-06
    ➕
    SAME-DAY COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  30. 2004-07-06
    ➖
    SAME-DAY COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  31. 2004-07-06
    ➕
    WEST, David Ernest appointed
    director
  32. 2004-07-06
    ➕
    WILDMAN & BATTELL LIMITED appointed
    corporate-nominee-director
  33. 2004-07-06
    ➖
    WILDMAN & BATTELL LIMITED resigned
    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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 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 Ian Gordon Turnbull
Individual · British · DOB 09/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mrs Shona Mckenzieceased 03/06/2024· 25-50% shares · 25-50% voting

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
Incorporated2004-07-06
Jurisdictionscotland
Primary SIC85320 — Technical and vocational secondary education

Registered office

The Gas Skills Centre Denmore Place
Bridge Of Don
Aberdeen
AB23 8JS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-20
Last: 2025-07-06

Officers (3 active · 5 resigned)

TURNBULL, Ian Gordon→
secretary · appointed 2004-07-06
View their other companies + combined net worth →
Active
TURNBULL, Elaine→
director · ~64y · appointed 2015-02-01
View their other companies + combined net worth →
Active
TURNBULL, Ian Gordon→
director · ~64y · appointed 2004-11-26
View their other companies + combined net worth →
Active
SAME-DAY COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 2004-07-06 · resigned 2004-07-06
Resigned
MCKENZIE, George→
director · ~70y · appointed 2015-02-01 · resigned 2024-06-03
Resigned
MCKENZIE, Shona→
director · ~60y · appointed 2004-11-26 · resigned 2024-06-03
Resigned
WEST, David Ernest→
director · ~76y · appointed 2004-07-06 · resigned 2013-01-31
Resigned
WILDMAN & BATTELL LIMITED→
corporate-nominee-director · appointed 2004-07-06 · resigned 2004-07-06
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property21/01/202222/05/2025
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/04/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (100 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-22
capital-cancellation-shares
capital · SH06
2024-07-08
capital-return-purchase-own-shares
capital · SH03
2024-07-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-07
termination-director-company-with-name-termination-date
officers · TM01
2024-07-02
termination-director-company-with-name-termination-date
officers · TM01
2024-07-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-01-24