POPLAR BUILDING & DRAINAGE SUPPLIES LTD
📉Decliningactive
SC367284 · ltd · incorporated 2009-10-22
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: leverage-led grower with exceptional profile and acceptable with review structure.
Opportunity 80/100 (exceptional), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
6 live charges · 3 lenders · oldest 16.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 16.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — 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
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
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
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
80/100Exceptional
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £120,298
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £120.3k | £154.9k |
| Average employees | 26 | 2400 |
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 (33 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-fullaccounts · AA
- 2025-02-06📄resolutionresolution · RESOLUTIONS
- 2025-02-04📄capital-return-purchase-own-sharescapital · SH03
- 2024-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-30📄capital-cancellation-sharescapital · SH06
- 2023-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-20📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-11-04➕BENNETT, Peter appointeddirector
- 2022-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-27📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-04-27🔓Charge satisfied #4
- 2022-04-27🔓Charge satisfied #3
- 2022-04-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-04-22🔒Charge registered #6Lender: Bank of Scotland PLC
- 2022-02-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-01-27🔒Charge registered #5Lender: Bank of Scotland PLC
- 2021-08-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-07-07➖MORRIS, Robina resigneddirector
- 2021-06-25📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-04-13📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-18📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2020-11-24📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2017-01-19🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2014-11-01➕MORRIS, Robina appointeddirector
- 2012-12-17🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2012-10-10🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2010-04-20🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 2009-10-22🏢Company incorporatedAs POPLAR BUILDING & DRAINAGE SUPPLIES LTD
- 2009-10-22➕DICK, Graeme appointeddirector
- 2009-10-22➕MORRIS, Kenneth appointeddirector
Owner dependency
68/100
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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondary12+ year tenure: Director in role 17 years.
- secondaryStable-but-static management: Company is 17 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
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kenneth Morris Individual · British · DOB 11/1964 · age 62 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/10/2016 |
Mr Graeme Dick Individual · Scottish · DOB 08/1977 · age 49 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 22/10/2016 |
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 · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| INDEPENDENT SECURITY SUPPLIES (GLASGOW) LTD→ SC392828 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| KINSALE SPIRIT COMPANY (UK) LIMITED→ SC855983 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NATURECOCO UK LIMITED→ SC884287 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RACHEL GEORGE FURNITURE LTD→ SC845347 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RAITH FRUIT & FLOWERS LIMITED→ SC335927 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| RANDOLPH INVESTMENTS LIMITED→ SC867401 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ROSE MARKETING UK LIMITED→ SC317936 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| ROSS & MACKAY WHISKY CO LTD→ SC654118 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| ROTOWIPER UK LIMITED→ SC171529 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| ROWAN GROUP LIMITED→ SC064156 · est 1978 · no financials extracted | — | — | — | — | 48y | — | — |
| RR WHISKY LTD→ SC602448 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| RUSSELL MAINSTREAM SUPPLY LIMITED→ SC149867 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
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
Incorporated2009-10-22
Jurisdictionscotland
Primary SIC46740 — SIC 46740
Registered office
Unit B Newark Road North
Eastfield Industrial Estate
Glenrothes
Fife
KY7 4NT
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22
Officers (3 active · 1 resigned)
BENNETT, Peter→
Activedirector · ~45y · appointed 2022-11-04
View their other companies + combined net worth →
DICK, Graeme→
Activedirector · ~49y · appointed 2009-10-22
View their other companies + combined net worth →
MORRIS, Kenneth→
Activedirector · ~62y · appointed 2009-10-22
View their other companies + combined net worth →
MORRIS, Robina→
Resigneddirector · ~67y · appointed 2014-11-01 · resigned 2021-07-07
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
4
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 3 properties | 22/04/2022 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 27/01/2022 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 19/01/2017 | 27/04/2022 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 17/12/2012 | 27/04/2022 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 10/10/2012 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 20/04/2010 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (61 total)
accounts-with-accounts-type-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
resolution
resolution · RESOLUTIONS
2025-02-06
capital-return-purchase-own-shares
capital · SH03
2025-02-04
accounts-with-accounts-type-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-04
capital-cancellation-shares
capital · SH06
2024-09-30
accounts-with-accounts-type-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
accounts-with-accounts-type-full
accounts · AA
2022-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-09
appoint-person-director-company-with-name-date
officers · AP01
2022-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-27