NDI RECOGNITION SYSTEMS LIMITED
🌳Matureactive
SC346849 · ltd · incorporated 2008-08-08
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 16.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
ALSO REGISTERED FOR
- 62012Business and domestic software development
- 62090Other information technology service activities
- 74209Other photographic activities
Investor take
PursueActive trading company with a 93-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 93). 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
1 live charge · oldest 16.7y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 16.7 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (58/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 4 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (4 active, 12 linked, 6 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
75 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.
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 (41 events)Click to expand
- 2025-12-12📄accounts-with-accounts-type-smallaccounts · AA
- 2025-01-07📄accounts-with-accounts-type-smallaccounts · AA
- 2024-01-15📄accounts-with-accounts-type-fullaccounts · AA
- 2023-09-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-09-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-01-30➕SOMMERVILLE, Lesley-Anne appointedsecretary
- 2023-01-30➖SINCLAIR, Ronald Ross resignedsecretary
- 2023-01-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-01-30📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-12-30📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-16➕SINCLAIR, Ronald Ross appointedsecretary
- 2022-11-16➖SMART, Douglas John resignedsecretary
- 2022-11-16📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-11-16📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-01📄accounts-with-accounts-type-fullaccounts · AA
- 2021-10-25➕SIMPSON, David appointeddirector
- 2021-10-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-09➕NICOLL, Stuart Bruce appointeddirector
- 2021-06-02📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-06-01📄gazette-notice-compulsorygazette · GAZ1
- 2021-05-28📄accounts-with-accounts-type-smallaccounts · AA
- 2020-06-30➖TILLING, John resigneddirector
- 2020-06-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2019-11-28➖REED, Alexander Stewardson resigneddirector
- 2019-11-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-05-25➕SMART, Douglas John appointedsecretary
- 2018-05-25➖STORRAR, Thomas resignedsecretary
- 2016-02-01➕REED, Alexander Stewardson appointeddirector
- 2015-09-21➖QUINN, Alan resigneddirector
- 2009-08-21🔒Charge registered #1Lender: Clydesdale Bank PLC
- 2008-11-28➕COLLING, Brian appointeddirector
- 2008-11-28➕STORRAR, Thomas appointedsecretary
- 2008-11-28➖LYCIDAS SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2008-11-28➕QUINN, Alan appointeddirector
- 2008-11-28➕TILLING, John appointeddirector
- 2008-11-28➖LYCIDAS NOMINEES LIMITED resignedcorporate-nominee-director
- 2008-08-08🏢Company incorporatedAs NDI RECOGNITION SYSTEMS LIMITED
- 2008-08-08➕LYCIDAS SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2008-08-08➕LYCIDAS NOMINEES LIMITED appointedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 93 — succession pressure is live.
Succession & seller-readiness
83/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 93 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 17 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Dacoll Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Dacoll Group Ltd
Corporate parent · holds 75-100% shares
⬇
NDI RECOGNITION SYSTEMS LIMITED
This company · SC346849
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 |
|---|---|---|---|---|
Dacoll Group Ltd Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| BEYOND UTILITY LTD→ SC747627 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BLAZION LTD→ SC838867 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BOOKBINDING BY CRAWFORD LTD→ SC337349 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| BOPLOG LTD→ SC873872 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| BOTHANNA LTD→ SC624202 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| BUKO HOLDINGS LIMITED→ SC132832 · est 1991 · no financials extracted | — | — | — | — | 34y | — | — |
| BUTTERWORTHS LENSES LIMITED→ SC225522 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CADEMUIR ENGINEERING LIMITED→ SC069993 · est 1979 · no financials extracted | — | — | — | — | 46y | — | — |
| CALEDONIA CREST LTD→ SC866344 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CALEDONIAN MACHINE TOOLS LTD.→ SC322144 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| CALMAN TECHNOLOGY LIMITED→ SC138833 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| CALVIN DOUGLAS CARPENTRY & DESIGN LTD→ SC776763 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2008-08-08
Jurisdictionscotland
Primary SIC28990 — SIC 28990
Registered office
Dacoll House 3 Cochrane Square
Brucefield Industry Park
Livingston
EH54 9DR
United Kingdom
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03
Officers (4 active · 8 resigned)
SOMMERVILLE, Lesley-Anne→
Activesecretary · appointed 2023-01-30
View their other companies + combined net worth →
COLLING, Brian→
Activedirector · ~93y · appointed 2008-11-28
View their other companies + combined net worth →
NICOLL, Stuart Bruce→
Activedirector · ~48y · appointed 2021-08-09
View their other companies + combined net worth →
SIMPSON, David→
Activedirector · ~42y · appointed 2021-10-25
View their other companies + combined net worth →
SINCLAIR, Ronald Ross→
Resignedsecretary · appointed 2022-11-16 · resigned 2023-01-30
SMART, Douglas John→
Resignedsecretary · appointed 2018-05-25 · resigned 2022-11-16
STORRAR, Thomas→
Resignedsecretary · appointed 2008-11-28 · resigned 2018-05-25
LYCIDAS SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2008-08-08 · resigned 2008-11-28
QUINN, Alan→
Resigneddirector · ~66y · appointed 2008-11-28 · resigned 2015-09-21
REED, Alexander Stewardson→
Resigneddirector · ~59y · appointed 2016-02-01 · resigned 2019-11-28
TILLING, John→
Resigneddirector · ~83y · appointed 2008-11-28 · resigned 2020-06-30
LYCIDAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2008-08-08 · resigned 2008-11-28
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 21/08/2009 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (75 total)
accounts-with-accounts-type-small
accounts · AA
2025-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-08
accounts-with-accounts-type-small
accounts · AA
2025-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-17
accounts-with-accounts-type-full
accounts · AA
2024-01-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-01
termination-secretary-company-with-name-termination-date
officers · TM02
2023-01-30
appoint-person-secretary-company-with-name-date
officers · AP03
2023-01-30
accounts-with-accounts-type-full
accounts · AA
2022-12-30
appoint-person-secretary-company-with-name-date
officers · AP03
2022-11-16
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-16
accounts-with-accounts-type-full
accounts · AA
2022-04-01