KELVIN TOP-SET LIMITED

🌳Matureactive

SC342121 · ltd · incorporated 2008-04-29

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 17.9y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other service activities n.e.c.

Sector: Other service activities

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.9y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 17.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

6 officers (5 active, 6 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 5 total, 5 with control declared

Director network

3 connected companies via shared directors

Filing history

62 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	1200	1200

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

filings

Last 90 days

filings

• 1 persons-with-significant-control
• 1 confirmation-statement

Last 180 days

filings

• 1 persons-with-significant-control
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-05-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-08-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-13
📄
memorandum-articles
incorporation · MA
2023-01-13
📄
resolution
resolution · RESOLUTIONS
2022-12-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-13
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-08-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-03-22
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-09-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-10-01
➕
SIMPSON, James appointed
director
2019-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-08
➖
GILBERT, James resigned
director
2018-03-13
➕
GILBERT, James appointed
director
2009-11-05
🔓
Charge satisfied #1
2009-08-13
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2008-09-08
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2008-04-29
🏢
Company incorporated
As KELVIN TOP-SET LIMITED
2008-04-29
➕
RAMSAY, Lorna Mary Stephen appointed
secretary
2008-04-29
➕
MCCONNELL, Brian George appointed
director
2008-04-29
➕
RAMSAY, David Kenneth appointed
director
2008-04-29
➕
RAMSAY, Lorna Mary Stephen appointed
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

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — 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 80 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 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

Kts Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Kts Holdings Ltd

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

KELVIN TOP-SET LIMITED

This company · SC342121

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%

Name	Shares	Voting rights	Nature of control	Notified
Kts Holdings Ltd Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	08/12/2022

4 historic (ceased) PSCs

Dalginross Holdings Limitedceased 08/12/2022· 75-100% shares · 75-100% voting · board control
Mr David Ramsayceased 31/12/2021· 25-50% shares · 25-50% voting
Lorna Mary Stephen Ramsayceased 31/12/2021· 25-50% shares · 25-50% voting
The Kelvin Consultants Limitedceased 22/11/2022· 75-100% shares · 75-100% voting · board control · firm interest

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.

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Company details

Statusactive

Typeltd

Incorporated2008-04-29

Jurisdictionscotland

Primary SIC96090 — Other service activities n.e.c.

Registered office

Annickbank Innovation Campus

Irvine

North Ayrshire

KA11 4LF

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-05-13

Last: 2026-04-29