PASSELL (ABERDEEN) LIMITED

🌳Matureactive
SC478174 · ltd · incorporated 2014-05-21
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 11.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 18121
Sector: Manufacturing
ALSO REGISTERED FOR
  • 18129SIC 18129
Investor take
Pursue
Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 72). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

85/100
ready

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

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 2 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
5 officers (3 active, 5 linked, 4 with DOB)
86
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
41 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 accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees2025001100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

3 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
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2022-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-08-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-01-12
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  8. 2020-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-07-20
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  10. 2019-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-11-07
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2017-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2017-07-31
    ➖
    BELL, Stephen resigned
    director
  16. 2016-06-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-05-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-12-01
    ➕
    LINDSAY, Craig Robert appointed
    director
  19. 2014-11-14
    ➕
    BELL, Stephen appointed
    director
  20. 2014-11-14
    🔒
    Charge registered #1
    Lender: Platform 2 Limited
  21. 2014-05-21
    🏢
    Company incorporated
    As PASSELL (ABERDEEN) LIMITED
  22. 2014-05-21
    ➕
    JAMES AND GEORGE COLLIE LLP appointed
    corporate-secretary
  23. 2014-05-21
    ➕
    LINDSAY, Eric Robert appointed
    director
  24. 2014-05-21
    ➕
    MILLER, Innes Richard appointed
    director
  25. 2014-05-21
    ➖
    MILLER, Innes Richard resigned
    director

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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
Mr Eric Robert Lindsay
Individual · British · DOB 08/1954 · age 72
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr Craig Robert Lindsay
Individual · British · DOB 07/1983 · age 43
25–50%
—25-50% shares18/07/2020

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2014-05-21
Jurisdictionscotland
Primary SIC18121 — SIC 18121

Registered office

1 East Craibstone Street
Aberdeen
AB11 6YQ

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-06-04
Last: 2025-05-21

Officers (3 active · 2 resigned)

JAMES AND GEORGE COLLIE LLP→
corporate-secretary · appointed 2014-05-21
View their other companies + combined net worth →
Active
LINDSAY, Craig Robert→
director · ~43y · appointed 2015-12-01
View their other companies + combined net worth →
Active
LINDSAY, Eric Robert→
director · ~72y · appointed 2014-05-21
View their other companies + combined net worth →
Active
BELL, Stephen→
director · ~67y · appointed 2014-11-14 · resigned 2017-07-31
Resigned
MILLER, Innes Richard→
director · ~66y · appointed 2014-05-21 · resigned 2014-05-21
Resigned

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
TypeProperties
outstanding
Platform 2
Platform 2 Limited
A registered charge—14/11/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (41 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-18
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-26
change-corporate-secretary-company-with-change-date
officers · CH04
2021-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-21
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-21