CHALLENGE PRODUCTS LTD

🌳Matureactive
SC343018 · ltd · incorporated 2008-05-16
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£1.57M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · oldest 14.6y

85/100
ready

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

  • · Oldest live charge is 14.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 £1,574,631
Cash YoY
+454%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£418k
↑ 454% YoY
Net Worth
£1.6m
↑ 45% YoY
Current Assets
£2.0m
↑ 41% YoY
Current Liabilities
—
£0£392k£784k£1.2m£1.6m£2.0mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£2.30M£1.72M
Current assets£1.96M£1.39M
Cash£417.7k£75.4k
Debtors£1.22M£1.08M
Net assets£1.57M£1.09M

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-08
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  4. 2024-05-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-05-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2024-05-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-05-02
    ➕
    LC SECRETARIES LIMITED appointed
    corporate-secretary
  9. 2024-05-02
    ➖
    STRONACHS SECRETARIES LIMITED resigned
    corporate-secretary
  10. 2024-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2023-04-12
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  13. 2023-04-04
    ➖
    GRANT SMITH LAW PRACTICE LIMITED resigned
    corporate-secretary
  14. 2023-04-04
    ➕
    STRONACHS SECRETARIES LIMITED appointed
    corporate-secretary
  15. 2023-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2014-04-10
    🔒
    Charge registered #3
    Lender: Clydesdale Bank PLC
  23. 2013-08-14
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  24. 2011-09-13
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  25. 2011-08-02
    ➖
    GRANT SMITH LAW PRACTICE resigned
    corporate-secretary
  26. 2011-08-01
    ➕
    GRANT SMITH LAW PRACTICE LIMITED appointed
    corporate-secretary
  27. 2008-05-16
    🏢
    Company incorporated
    As CHALLENGE PRODUCTS LTD
  28. 2008-05-16
    ➕
    HAY, Allan Mcleod appointed
    director
  29. 2008-05-16
    ➕
    HAY, Charlotte Bowman appointed
    director
  30. 2008-05-16
    ➕
    GRANT SMITH LAW PRACTICE appointed
    corporate-secretary

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

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 70+: Senior director is approximately 73 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Charlotte Bowman Hay
Individual · British · DOB 01/1956 · age 70
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Allan Mcleod Hay
Individual · British · DOB 05/1953 · age 73
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

8 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
Incorporated2008-05-16
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-05-30
Last: 2025-05-16

Officers (3 active · 3 resigned)

LC SECRETARIES LIMITED→
corporate-secretary · appointed 2024-05-02
View their other companies + combined net worth →
Active
HAY, Allan Mcleod→
director · ~73y · appointed 2008-05-16
View their other companies + combined net worth →
Active
HAY, Charlotte Bowman→
director · ~70y · appointed 2008-05-16
View their other companies + combined net worth →
Active
GRANT SMITH LAW PRACTICE→
corporate-secretary · appointed 2008-05-16 · resigned 2011-08-02
Resigned
GRANT SMITH LAW PRACTICE LIMITED→
corporate-secretary · appointed 2011-08-01 · resigned 2023-04-04
Resigned
STRONACHS SECRETARIES LIMITED→
corporate-secretary · appointed 2023-04-04 · resigned 2024-05-02
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property10/04/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property14/08/2013—
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property13/09/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-10
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-16
appoint-corporate-secretary-company-with-name-date
officers · AP04
2024-05-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-07
termination-secretary-company-with-name-termination-date
officers · TM02
2024-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
termination-secretary-company-with-name-termination-date
officers · TM02
2023-04-12
appoint-corporate-secretary-company-with-name-date
officers · AP04
2023-04-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22