PLASTIC PIPE SHOP LTD
💤Zombieactive
SC445429 · ltd · incorporated 2013-03-19
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 6.2y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 1 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
39 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 |
|---|---|---|
| Average employees | 1600 | 1600 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (22 events)Click to expand
- 2025-12-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-10-12📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-24📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-03-08📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-03-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-03-08📄change-person-director-company-with-change-dateofficers · CH01
- 2021-03-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-05-13📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-04-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-04-14🔒Charge registered #1Lender: Hsbc UK Bank PLC
- 2019-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2013-03-19🏢Company incorporatedAs PLASTIC PIPE SHOP LTD
- 2013-03-19➕BAWDEN, Stephanie Gail appointedsecretary
- 2013-03-19➕BAWDEN, Robert Frederick appointeddirector
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
- +No director turnover: Company is 13 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
68/100
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.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- 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.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Robert Frederick Bawden Individual · British · DOB 02/1964 · age 62 | 50–75% | — | 50-75% shares | 06/04/2016 |
Mrs Stephanie Gail Bawden Individual · British · DOB 01/1966 · age 60 | 25–50% | — | 25-50% shares | 31/03/2019 |
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 · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CENTRAL PRODUCE LTD→ SC349420 · est 2008 | — | — | — | 1600 | 17y | 83 | 61y |
| SCOTIA SUPPLY CO. LTD.→ SC202132 · est 1999 | — | — | £422.8k | — | 26y | 83 | 63y |
| ANGUS BRAIDWOOD & SON LIMITED→ SC114086 · est 1988 | — | — | £1.62M | — | 37y | 82 | 81y |
| BATHROOM PLANET (STIRLING) LTD.→ SC183947 · est 1998 | — | — | £114.1k | — | 28y | 82 | 58y |
| C L C PRESENTATION SYSTEMS LIMITED→ SC215799 · est 2001 | — | — | £16.0k | — | 25y | 82 | 75y |
| C.T.S. (GRANGEMOUTH) LIMITED→ SC226255 · est 2001 | — | — | — | 1000 | 24y | 82 | 80y |
| M G INDUSTRIAL SUPPLIES LIMITED→ SC245064 · est 2003 | — | — | — | 800 | 23y | 82 | 59y |
| STEWART MCDONALD (PLANT) LIMITED→ SC061597 · est 1977 | — | — | £1.9k | — | 49y | 82 | 79y |
| JOHN CALLUM LTD.→ SC196483 · est 1999 | — | — | £2.54M | — | 27y | 81 | 61y |
| RW AGENCIES LIMITED→ SC396418 · est 2011 | — | — | £836.6k | — | 15y | 81 | 65y |
| CALEDONIAN AIRCRAFT SPARES LIMITED→ SC139284 · est 1992 | — | — | — | 1 | 33y | 80 | 70y |
| CHEETAH ADVANCED TECHNOLOGIES LIMITED→ SC187332 · est 1998 | — | — | — | 200 | 27y | 80 | 89y |
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
Incorporated2013-03-19
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade
Registered office
Unit 1 Craig Leith Road
Stirling
FK7 7LQ
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-09
Last: 2025-09-25
Officers (2 active · 0 resigned)
BAWDEN, Stephanie Gail→
Activesecretary · appointed 2013-03-19
View their other companies + combined net worth →
BAWDEN, Robert Frederick→
Activedirector · ~62y · appointed 2013-03-19
View their other companies + combined net worth →
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 | HSBC Hsbc UK Bank PLC | A registered charge | — | 14/04/2020 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (39 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-12
change-person-director-company-with-change-date
officers · CH01
2022-10-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-10-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-12
change-person-director-company-with-change-date
officers · CH01
2022-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-08