BLUETON LIMITED

🌳Matureactive
SC282644 · ltd · incorporated 2005-04-04
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.1y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.1y

85/100
ready

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

  • · Oldest live charge is 11.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees121100

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2026-01-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-02-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-02-09
    RITCHIE, William resigned
    director
  5. 2024-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2021-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-04-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-04-04
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  15. 2019-04-04
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2019-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2015-03-11
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  19. 2012-03-27
    SINCLAIR, Louise appointed
    director
  20. 2012-03-27
    RITCHIE, William appointed
    director
  21. 2005-04-04
    🏢
    Company incorporated
    As BLUETON LIMITED
  22. 2005-04-04
    SINCLAIR, Louise appointed
    secretary
  23. 2005-04-04
    MCMULLEN, Matthew appointed
    director
  24. 2005-04-04
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2005-04-04
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +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 59 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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.)

Group structure

Blueton (Holdings) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Blueton (Holdings) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
BLUETON LIMITED
This company · SC282644

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

Shareholders & ownership

2 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Blueton (Holdings) Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control24/04/2018
Mr Matthew Mcmullen
Individual · British · DOB 08/1967 · age 59
sig. influencesignificant influence06/04/2016

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
Incorporated2005-04-04
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

169 West George Street
Glasgow
G2 2LB

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (3 active · 2 resigned)

SINCLAIR, Louise
secretary · appointed 2005-04-04
View their other companies + combined net worth →
Active
MCMULLEN, Matthew
director · ~59y · appointed 2005-04-04
View their other companies + combined net worth →
Active
SINCLAIR, Louise
director · ~55y · appointed 2012-03-27
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED
corporate-nominee-secretary · appointed 2005-04-04 · resigned 2005-04-04
Resigned
RITCHIE, William
director · ~58y · appointed 2012-03-27 · resigned 2024-02-09
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge11/03/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-10
termination-director-company-with-name-termination-date
officers · TM01
2024-02-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
change-person-director-company-with-change-date
officers · CH01
2021-04-08
change-person-director-company-with-change-date
officers · CH01
2021-04-08
change-person-director-company-with-change-date
officers · CH01
2021-04-08