CORRINE SMITH DESIGN LTD

🌳Matureactive
SC515189 · ltd · incorporated 2015-09-09
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 8.0y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2025
Net worth
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 32120
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

2 live charges · oldest 8.0y

85/100
ready

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

  • · Oldest live charge is 8.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 3 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
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees19002600

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

🔒Filing-note intelligence

1 signal 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 (24 events)Click to expand
  1. 2025-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2021-09-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2021-09-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2021-06-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2021-06-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-06-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2021-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-27
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2020-11-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2020-11-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2020-09-29
    📄
    capital-allotment-shares
    capital · SH01
  17. 2020-06-30
    SMITH, Brian Campbell appointed
    director
  18. 2020-06-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2019-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2018-06-05
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  21. 2018-04-26
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  22. 2015-09-09
    🏢
    Company incorporated
    As CORRINE SMITH DESIGN LTD
  23. 2015-09-09
    DAVIES, Fiona Jean appointed
    director
  24. 2015-09-09
    SMITH, Corrine appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Founder name in company name: Company name contains director surname "SMITH" — strong identity link between founder and business.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

35/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • 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 Brian Campbell Smith
Individual · British · DOB 12/1975 · age 51
2550%
25–50%board control25-50% shares · 25-50% voting · board control13/07/2021
Mrs Corrine Smith
Individual · British · DOB 07/1974 · age 52
2550%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

6 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
Incorporated2015-09-09
Jurisdictionscotland
Primary SIC32120 — SIC 32120

Registered office

22 Portland Road
Kilmarnock
KA1 2BS
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-22
Last: 2025-09-08

Officers (3 active · 0 resigned)

DAVIES, Fiona Jean
director · ~51y · appointed 2015-09-09
View their other companies + combined net worth →
Active
SMITH, Brian Campbell
director · ~51y · appointed 2020-06-30
View their other companies + combined net worth →
Active
SMITH, Corrine
director · ~52y · appointed 2015-09-09
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property05/06/2018
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge26/04/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-09-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-06-28
change-person-director-company-with-change-date
officers · CH01
2021-06-28
change-person-director-company-with-change-date
officers · CH01
2021-06-28