SEP III GP LIMITED

🌳Matureactive
SC289980 · ltd · incorporated 2005-09-07
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
81/100
Exceptional
🔔
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What this business does
Primary activity: Activities of venture and development capital companies
Sector: Financial & insurance
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

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
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
63 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-12-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-10-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-04-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-04-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-04-01
    ➕
    DAVISON, Andrew Peter appointed
    director
  6. 2025-04-01
    ➖
    PATERSON, Andrew Stuart Weir resigned
    director
  7. 2024-12-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  8. 2024-03-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2024-03-11
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2023-12-31
    ➖
    SNEDDON, David John resigned
    director
  11. 2023-12-12
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  12. 2023-03-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2022-03-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2021-03-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2020-03-04
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2019-03-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  17. 2018-11-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  18. 2018-03-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2017-03-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2015-06-30
    ➖
    SPARROW, Richard Ian Alexander resigned
    secretary
  21. 2015-06-30
    ➖
    SPARROW, Richard Ian Alexander resigned
    director
  22. 2006-01-31
    ➕
    PATERSON, Andrew Stuart Weir appointed
    director
  23. 2006-01-31
    ➕
    SNEDDON, David John appointed
    director
  24. 2005-12-09
    ➕
    PATERSON, Calum Macdonald appointed
    director
  25. 2005-12-09
    ➕
    SPARROW, Richard Ian Alexander appointed
    secretary
  26. 2005-12-09
    ➖
    CHARLOTTE SECRETARIES LIMITED resigned
    corporate-secretary
  27. 2005-12-09
    ➖
    MEIKLEJOHN, Iain Maury Campbell resigned
    director
  28. 2005-12-09
    ➕
    SPARROW, Richard Ian Alexander appointed
    director
  29. 2005-09-07
    🏢
    Company incorporated
    As SEP III GP LIMITED
  30. 2005-09-07
    ➕
    CHARLOTTE SECRETARIES LIMITED appointed
    corporate-secretary
  31. 2005-09-07
    ➕
    MEIKLEJOHN, Iain Maury Campbell appointed
    director

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 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — 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
  • primaryFounder aged 63+: Senior director is approximately 63. 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 20 years. Very long tenure is a classic succession signal.
  • 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

2 corporate shareholders identified. Group structure is distributed.

🏛️
Sep Ventures Limited
Corporate parent · holds 75-100% shares
ultimate parent
🏛️
Scottish Equity Partners Llp
Corporate parent
⬇
SEP III GP LIMITED
This company · SC289980

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
Sep Ventures Limited
Corporate entity
75–100%
—75-100% shares06/04/2016
Scottish Equity Partners Llp
Corporate entity
——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
Incorporated2005-09-07
Jurisdictionscotland
Primary SIC64303 — Activities of venture and development capital companies

Registered office

17 Blythswood Square
Glasgow
G2 4AD

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-20
Last: 2025-11-06

Officers (2 active · 6 resigned)

DAVISON, Andrew Peter→
director · ~59y · appointed 2025-04-01
View their other companies + combined net worth →
Active
PATERSON, Calum Macdonald→
director · ~63y · appointed 2005-12-09
View their other companies + combined net worth →
Active
SPARROW, Richard Ian Alexander→
secretary · appointed 2005-12-09 · resigned 2015-06-30
Resigned
CHARLOTTE SECRETARIES LIMITED→
corporate-secretary · appointed 2005-09-07 · resigned 2005-12-09
Resigned
MEIKLEJOHN, Iain Maury Campbell→
director · ~72y · appointed 2005-09-07 · resigned 2005-12-09
Resigned
PATERSON, Andrew Stuart Weir→
director · ~56y · appointed 2006-01-31 · resigned 2025-04-01
Resigned
SNEDDON, David John→
director · ~64y · appointed 2006-01-31 · resigned 2023-12-31
Resigned
SPARROW, Richard Ian Alexander→
director · ~79y · appointed 2005-12-09 · resigned 2015-06-30
Resigned

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

Recent filings (63 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-11
change-person-director-company-with-change-date
officers · CH01
2025-10-21
appoint-person-director-company-with-name-date
officers · AP01
2025-04-07
termination-director-company-with-name-termination-date
officers · TM01
2025-04-07
accounts-with-accounts-type-small
accounts · AA
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
termination-director-company-with-name-termination-date
officers · TM01
2024-03-26
accounts-with-accounts-type-small
accounts · AA
2024-03-11
change-account-reference-date-company-current-shortened
accounts · AA01
2023-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-14
accounts-with-accounts-type-small
accounts · AA
2023-03-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-15
accounts-with-accounts-type-small
accounts · AA
2022-03-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-10