ALTRAD TECHNICAL SERVICES (HOLDINGS) LIMITED

🌳Matureactive

SC272959 · ltd · incorporated 2004-09-06

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

68/100

Strong

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What this business does

Primary activity: SIC 09100

Sector: Mining & quarrying

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 68/100 (strong), bankability 77/100. Strong seller-intent signal (73/100, director aged 65). Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

13 live charges · 5 lenders · oldest 21.4y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 21.4 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 45/100 (high).

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

13 charges (13/13 with lender, 13/13 with type)

Directors & officers

29 officers (5 active, 29 linked, 23 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

12 connected companies via shared directors

Filing history

178 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

68/100Strong

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

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 2 capital
• 1 insolvency
• 1 resolution

Last 180 days

filings

• 2 capital
• 2 address
• 1 insolvency

Counts from Companies House filing history.

Corporate timeline (102 events)Click to expand

2026-03-03
📄
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2026-03-03
⚠️
legacy
insolvency · CAP-SS
2026-03-03
📄
legacy
capital · SH20
2026-03-03
📄
resolution
resolution · RESOLUTIONS
2026-02-25
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2026-01-06
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-01-06
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-10-09
📍
change-sail-address-company-with-old-address-new-address
address · AD02
2025-10-08
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-26
📄
accounts-with-accounts-type-full
accounts · AA
2025-08-07
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2025-03-24
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-01
➕
GARLAND, Christopher Clifford appointed
director
2025-02-01
➕
SOMERS, Padraig appointed
director
2025-02-01
➕
WALSH, John Anthony Meade appointed
director
2025-02-01
➖
FINDLAY, John resigned
secretary
2025-02-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-28
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-09
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-08
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-23
📄
change-person-director-company-with-change-date
officers · CH01
2023-10-11
📄
accounts-with-accounts-type-full
accounts · AA
2022-12-15
📄
accounts-with-accounts-type-full
accounts · AA
2019-01-07
➕
HUNT, Stephen Leonard appointed
director
2019-01-07
➖
BIJVANK, Erik-Jan Willem resigned
director
2016-05-06
🔓
Charge satisfied #13
2016-05-06
🔓
Charge satisfied #12
2016-05-06
🔓
Charge satisfied #11
2016-05-06
🔓
Charge satisfied #10
2016-01-01
➕
FINDLAY, John appointed
secretary
2016-01-01
➕
BIJVANK, Erik-Jan Willem appointed
director
2015-12-31
➖
WATSON, Colin Carrick resigned
secretary
2015-12-31
➖
WATSON, Colin Carrick resigned
director
2015-10-02
🔒
Charge registered #13
Lender: Cooperative Centrale Raiffeisen - Boerenleenbank Ba
2015-07-10
➕
STEWART, David Andrew appointed
director
2015-07-10
➖
SHARMA, Sandeep resigned
director
2013-06-30
➖
WORKMAN, David Miller resigned
director
2012-08-31
🔓
Charge satisfied #8
2012-08-25
🔓
Charge satisfied #9
2012-08-25
🔓
Charge satisfied #7
2012-08-21
🔒
Charge registered #12
Lender: Cooperatieve Centrale Raiffeisen-Boerenleenbank Ba
2012-08-21
🔒
Charge registered #11
Lender: Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
2012-08-21
🔒
Charge registered #10
Lender: Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A.
2011-10-03
➕
SHARMA, Sandeep appointed
director
2011-08-31
➖
GLEN, Andrew Lundie resigned
secretary
2011-08-31
➕
WATSON, Colin Carrick appointed
secretary
2011-08-31
➖
GLEN, Andrew Lundie resigned
director

Showing most recent 50 of 102 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 high · 2 med · 1 low

1 insolvency-related filing on record

high

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

Evidence: 2026-03-03: legacy

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Name changed recently

medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2025-03-24: certificate-change-of-name-company

Multiple registered office changes

low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Group structure

Altrad Ts Holdings Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Altrad Ts Holdings Limited

Corporate parent

⬇

ALTRAD TECHNICAL SERVICES (HOLDINGS) LIMITED

This company · SC272959

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
Altrad Ts Holdings Limited Corporate entity	—	—	sig. influencesignificant influence	08/04/2024

3 historic (ceased) PSCs

Mr Stephen Leonard Huntceased 08/04/2024· significant influence
Stork Ts Uk Limitedceased 20/03/2021· 25-50% shares · 25-50% voting · significant influence
Aar 2007 Limitedceased 15/03/2021· 25-50% shares · 25-50% voting · significant influence

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

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.

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🔒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.

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Company details

Statusactive

Typeltd

Incorporated2004-09-06

Jurisdictionscotland

Primary SIC09100 — SIC 09100

Registered office

Altrad Howe Moss Crescent

Dyce

Aberdeen

AB21 0GN

Scotland

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-20

Last: 2025-09-06