SOURCE ATLANTIQUE (UK) LTD.

🌳Matureactive
SC323651 · ltd · incorporated 2007-05-14
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 Dec 2024
Net worth
£753.0k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Wholesale of household goods (other than musical instruments) n.e.c.
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 64-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (78/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (2 active, 7 linked, 3 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
64 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £752,965
Net assets shrinking
Down £338,285 YoY
Cash YoY
+32%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£600k
↑ 32% YoY
Net Worth
£753k
↓ 31% YoY
Current Assets
£967k
↓ 25% YoY
Current Liabilities
—
£0£256k£512k£769k£1.0m£1.3mDec 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£753.0k£1.09M
Current assets£967.3k£1.28M
Cash£600.4k£453.7k
Debtors£366.9k£827.5k
Net assets£753.0k£1.09M

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2023-12-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  5. 2023-11-28
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  6. 2022-09-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  7. 2022-09-16
    📄
    auditors-resignation-company
    auditors · AUD
  8. 2021-09-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 2021-03-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-01-08
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2019-10-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2018-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2017-09-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2017-09-15
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2016-10-27
    📄
    accounts-amended-with-accounts-type-small
    accounts · AAMD
  16. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-01
    ➕
    FEUERSTEIN MAIER, Lisa appointed
    director
  18. 2015-08-03
    ➖
    SCHUMAN, Joel Marshall resigned
    director
  19. 2013-05-14
    ➖
    GRIGOR & YOUNG resigned
    corporate-secretary
  20. 2007-11-19
    ➕
    FEUERSTEIN, Robert appointed
    director
  21. 2007-05-14
    🏢
    Company incorporated
    As SOURCE ATLANTIQUE (UK) LTD.
  22. 2007-05-14
    ➕
    GRIGOR & YOUNG appointed
    corporate-secretary
  23. 2007-05-14
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  24. 2007-05-14
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  25. 2007-05-14
    ➕
    SCHUMAN, Joel Marshall appointed
    director
  26. 2007-05-14
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  27. 2007-05-14
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  28. 2007-05-14
    ➕
    PETER TRAINER CORPORATE SERVICES LTD. appointed
    corporate-nominee-director
  29. 2007-05-14
    ➖
    PETER TRAINER CORPORATE SERVICES LTD. resigned
    corporate-nominee-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 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

79/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

Source Atlantique Inc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Source Atlantique Inc
Corporate parent · holds 75-100% shares
ultimate parent
⬇
SOURCE ATLANTIQUE (UK) LTD.
This company · SC323651

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Source Atlantique Inc
Corporate entity
75–100%
—75-100% shares01/07/2016

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 →

Similar companies

Active · Wholesale & distribution · IV postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
GLEANER LIMITED→
SC030017 · est 1954
£4.05M
£3.04M–£5.06M
——19972y8862y
THE WILLIAMSON GROUP LIMITED→
SC032547 · est 1957
£767.4k
£575.6k–£959.3k
——1230068y8462y
NORBIT LIMITED→
SC549670 · est 2016
£509.9k
£382.4k–£637.3k
——7009y8159y
FRANK NICOL FARM AND GARDEN MACHINERY LIMITED→
SC139585 · est 1992
——£326.0k—33y8287y
HIGHLAND CLEARANCE LIMITED→
SC088323 · est 1984
———30041y8276y
MACGREGOR INDUSTRIAL SUPPLIES LIMITED→
SC173566 · est 1997 · no financials extracted
————29y8297y
MCLAREN TRACTORS LIMITED→
SC257013 · est 2003
———100022y8258y
MUNRO FRUIT MERCHANTS LTD.→
SC169387 · est 1996
——£86.3k—29y8263y
SCRUBVAC CLEANING EQUIPMENT LTD.→
SC231200 · est 2002
——£113.8k—24y8263y
SHIELDAIG EXPORT LIMITED→
SC165922 · est 1996
——£141.4k—29y8273y
SUTHERLAND GAME AND SHELLFISH LIMITED→
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——£1.19M—26y8277y
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——£521.5k—11y8066y
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
Incorporated2007-05-14
Jurisdictionscotland
Primary SIC46499 — Wholesale of household goods (other than musical instruments) n.e.c.

Registered office

4 North Guildry Street
Elgin
Morayshire
IV30 1JR

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (2 active · 5 resigned)

FEUERSTEIN, Robert→
director · ~64y · appointed 2007-11-19
View their other companies + combined net worth →
Active
FEUERSTEIN MAIER, Lisa→
director · ~60y · appointed 2016-01-01
View their other companies + combined net worth →
Active
GRIGOR & YOUNG→
corporate-secretary · appointed 2007-05-14 · resigned 2013-05-14
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2007-05-14 · resigned 2007-05-14
Resigned
SCHUMAN, Joel Marshall→
director · ~74y · appointed 2007-05-14 · resigned 2015-08-03
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2007-05-14 · resigned 2007-05-14
Resigned
PETER TRAINER CORPORATE SERVICES LTD.→
corporate-nominee-director · appointed 2007-05-14 · resigned 2007-05-14
Resigned

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

Recent filings (64 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-small
accounts · AA
2023-12-29
gazette-filings-brought-up-to-date
gazette · DISS40
2023-12-02
gazette-notice-compulsory
gazette · GAZ1
2023-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
accounts-with-accounts-type-small
accounts · AA
2022-09-28
auditors-resignation-company
auditors · AUD
2022-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
accounts-with-accounts-type-small
accounts · AA
2021-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-19
change-person-director-company-with-change-date
officers · CH01
2021-03-12
accounts-with-accounts-type-small
accounts · AA
2021-01-08