CORRECTAIR SOLUTIONS (SCOTLAND) LTD
Opportunity 76/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -79% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.78M | £1.34M |
| Current assets | £1.60M | £1.43M |
| Cash | £77.8k | £376.5k |
| Debtors | £1.52M | £1.06M |
| Net assets | £1.60M | £1.21M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
Corporate timeline (25 events)Click to expand
- 2025-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-01📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-12-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-06-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-05-31📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-04-12➕HANNIGAN, Michelle appointeddirector
- 2022-04-12➕KANE, Daniel appointeddirector
- 2022-04-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-11-15➕HANNIGAN, Michelle appointedsecretary
- 2021-11-15📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2021-09-10📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-10📄change-person-director-company-with-change-dateofficers · CH01
- 2021-04-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-05-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-09-24📄change-person-director-company-with-change-dateofficers · CH01
- 2019-09-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-24📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-09-19➖MCKENZIE, Margaret Ann resignedsecretary
- 2019-04-22➕MCKENZIE, Margaret Ann appointedsecretary
- 2019-03-21🏢Company incorporatedAs CORRECTAIR SOLUTIONS (SCOTLAND) LTD
- 2019-03-21➕MCKENZIE, Ian appointeddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
Red flags
cleanGroup structure
Correct Solutions (Scotland) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Correct Solutions (Scotland) Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 31/03/2022 |
1 historic (ceased) PSC
- Mr Ian Mckenzieceased 31/03/2022· 75-100% shares · 75-100% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (4 active · 1 resigned)
Click a director name to see their full track record across all companies.