FOUNDRY STEELS LTD.

🌳Matureactive

SC281901 · ltd · incorporated 2005-03-21

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

—

year to Mar 2025

Net worth

£948.4k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 38320

Sector: Water supply & waste

Investor take

Pursue

Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £948,360

Net assets shrinking

Down £52,995 YoY

Cash YoY

-21%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£331k

↓ 21% YoY

Net Worth

£948k

↓ 5.3% YoY

Current Assets

£663k

↓ 15% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.07M	£1.16M
Current assets	£663.5k	£783.7k
Cash	£330.8k	£418.9k
Debtors	£268.8k	£300.8k
Net assets	£948.4k	£1.00M

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

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 capital
• 1 resolution

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2026-01-16
📄
capital-name-of-class-of-shares
capital · SH08
2026-01-16
📄
resolution
resolution · RESOLUTIONS
2025-12-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-11-26
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-10-05
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-11-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-01-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-04-25
📄
change-person-secretary-company-with-change-date
officers · CH03
2017-04-25
📄
change-person-director-company-with-change-date
officers · CH01
2017-04-25
📄
change-person-director-company-with-change-date
officers · CH01
2017-04-11
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2005-03-21
🏢
Company incorporated
As FOUNDRY STEELS LTD.
2005-03-21
➕
MORTON, Carol Ann appointed
secretary
2005-03-21
➕
MORTON, Carol Ann appointed
director
2005-03-21
➕
MORTON, Walter Dick appointed
director
2005-03-21
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2005-03-21
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2005-03-21
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2005-03-21
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

91/100

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.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 71 years old. Natural succession window is now.
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 21 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Carol Ann Morton Individual · British · DOB 11/1956 · age 70	25–50%	—	25-50% shares	06/04/2016
Mr Walter Dick Morton Individual · British · DOB 02/1955 · age 71	25–50%	—	25-50% shares	06/04/2016

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

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HYDROTECHNICS LTD.→ SC172313 · est 1997	—	—	—	100	29y	82	58y
INNOVATIVE ENVIRONMENTAL SERVICES LTD.→ SC243122 · est 2003	—	—	£822.6k	—	23y	81	62y
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LOCHDOCHART HYDRO→ SC310998 · est 2006 · no financials extracted	—	—	—	—	19y	80	61y
BRACO WIND LIMITED→ SC425453 · est 2012	—	—	—	200	13y	79	73y
CAMPBELL'S AUTO SALVAGE LTD→ SC648096 · est 2019	—	—	—	500	6y	79	68y
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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 →

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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

Incorporated2005-03-21

Jurisdictionscotland

Primary SIC38320 — SIC 38320

Registered office

Foundry Steels Ltd

Clyde Street

Grangemouth

FK3 8EU

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-04

Last: 2026-03-21

Officers (3 active · 2 resigned)

MORTON, Carol Ann→

secretary · appointed 2005-03-21

View their other companies + combined net worth →

Active

MORTON, Carol Ann→

director · ~70y · appointed 2005-03-21

View their other companies + combined net worth →

Active

MORTON, Walter Dick→

director · ~71y · appointed 2005-03-21

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2005-03-21 · resigned 2005-03-21

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2005-03-21 · resigned 2005-03-21

Resigned

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

Recent filings (55 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2026-04-10

capital-name-of-class-of-shares

capital · SH08

2026-01-16

resolution

resolution · RESOLUTIONS

2026-01-16