DUNDEE COLD STORES LIMITED

🌳Matureactive
SC314713 · ltd · incorporated 2007-01-16
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£10.89M
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 10390
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 88-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -58% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 19.1y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 19.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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 (5 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
13 connected companies via shared directors
84
Filing history
57 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £10,888,701
Cash draining
Cash down 58% YoY
Cash YoY
-58%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£430k
↓ 58% YoY
Net Worth
£11m
↑ 28% YoY
Current Assets
£8.9m
↑ 34% YoY
Current Liabilities
—
£0£2.2m£4.4m£6.5m£8.7m£11mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£12.22M£9.98M
Current assets£8.93M£6.67M
Cash£430.1k£1.02M
Debtors£8.01M£4.92M
Net assets£10.89M£8.49M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-09-26
    📄
    accounts-with-accounts-type-medium
    accounts · AA
  2. 2024-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2023-10-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2022-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2021-11-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2020-12-14
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2020-08-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2020-08-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-07-28
    ➕
    FORBES, Graham Alexander appointed
    director
  10. 2020-07-28
    ➖
    FORBES, Alistair Graham Milne resigned
    director
  11. 2019-07-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2018-07-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2018-06-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2018-06-06
    ➖
    DM COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  15. 2017-10-13
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2016-10-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2016-02-16
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-07-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2009-04-15
    🔒
    Charge registered #2
    Lender: Royal Bank of Scotland PLC
  20. 2007-04-10
    ➕
    GILLIES, Iain appointed
    director
  21. 2007-04-03
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2007-02-21
    ➕
    BRUCE, Clive Geoffrey William appointed
    director
  23. 2007-02-21
    ➕
    BRUCE, William Patterson appointed
    director
  24. 2007-02-21
    ➕
    FORBES, John Inglis appointed
    director
  25. 2007-02-21
    ➕
    FORBES, Alistair Graham Milne appointed
    director
  26. 2007-02-21
    ➖
    DM DIRECTOR LIMITED resigned
    corporate-nominee-director
  27. 2007-01-16
    🏢
    Company incorporated
    As DUNDEE COLD STORES LIMITED
  28. 2007-01-16
    ➕
    DM COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  29. 2007-01-16
    ➕
    DM DIRECTOR LIMITED appointed
    corporate-nominee-director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100
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 88 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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

2 corporate shareholders identified. Group structure is distributed.

🏛️
East Coast Viners (Holdings) Limited
Corporate parent · holds 25-50% shares
significant stake
🏛️
Wp Bruce Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
DUNDEE COLD STORES LIMITED
This company · SC314713

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

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
East Coast Viners (Holdings) Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Wp Bruce Limited
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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 →
🔒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
Incorporated2007-01-16
Jurisdictionscotland
Primary SIC10390 — SIC 10390

Registered office

Whittle Place
Gourdie Industrial Estate
Dundee
Angus
DD2 4TD

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-23
Last: 2026-01-09

Officers (5 active · 3 resigned)

BRUCE, Clive Geoffrey William→
director · ~54y · appointed 2007-02-21
View their other companies + combined net worth →
Active
BRUCE, William Patterson→
director · ~88y · appointed 2007-02-21
View their other companies + combined net worth →
Active
FORBES, Graham Alexander→
director · ~57y · appointed 2020-07-28
View their other companies + combined net worth →
Active
FORBES, John Inglis→
director · ~79y · appointed 2007-02-21
View their other companies + combined net worth →
Active
GILLIES, Iain→
director · ~64y · appointed 2007-04-10
View their other companies + combined net worth →
Active
DM COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 2007-01-16 · resigned 2018-06-06
Resigned
FORBES, Alistair Graham Milne→
director · ~87y · appointed 2007-02-21 · resigned 2020-07-28
Resigned
DM DIRECTOR LIMITED→
corporate-nominee-director · appointed 2007-01-16 · resigned 2007-02-21
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property15/04/2009—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property03/04/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (57 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-19
accounts-with-accounts-type-medium
accounts · AA
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-24
accounts-with-accounts-type-small
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-16
accounts-with-accounts-type-small
accounts · AA
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-20
accounts-with-accounts-type-small
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-20
accounts-with-accounts-type-small
accounts · AA
2021-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-22
accounts-with-accounts-type-small
accounts · AA
2020-12-14
termination-director-company-with-name-termination-date
officers · TM01
2020-08-28
appoint-person-director-company-with-name-date
officers · AP01
2020-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-14