CUE PROPS CIC
🌿Early-stageactive
SC711933 · private-limited-guarant-nsc · incorporated 2021-10-11
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£-10.6k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: SIC 39000
Sector: Water supply & waste
ALSO REGISTERED FOR
- 59111Motion picture production activities
- 90020Support activities to performing arts
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 76/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. 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.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
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
Network not yet resolved
30
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Negative net assets
Liabilities exceed assets by £10,582
Cash YoY
+117%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↑ 117% YoY
Net Worth
-£11k
↓ 4.9% YoY
Current Assets
£7k
↑ 117% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £7.4k | £3.4k |
| Current assets | £7.4k | £3.4k |
| Cash | £7.4k | £3.4k |
| Net assets | £-10.6k | £-10.1k |
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 (13 events)Click to expand
- 2025-08-06📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-07-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-04-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-04-01➕MCGILL, Kieran Thomas George appointeddirector
- 2022-03-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-03-25📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-10-11🏢Company incorporatedAs CUE PROPS CIC
- 2021-10-11➕BARCLAY, Rhonda appointeddirector
- 2021-10-11➕CURRIE, Merlin Ann appointeddirector
- 2021-10-11📄incorporation-community-interest-companyincorporation · CICINC
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
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 |
|---|---|---|---|---|
Ms Merlin Ann Currie Individual · British · DOB 06/1958 · age 68 | — | 25–50% | board control25-50% voting · board control | 11/10/2021 |
Ms Rhonda Barclay Individual · British · DOB 05/1971 · age 55 | — | 25–50% | board control25-50% voting · board control | 11/10/2021 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Energy & utilities · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BADABINS WASTE REMOVAL LIMITED→ SC883221 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| BIG BATTERY (AIRD FARM) LIMITED→ SC722128 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BIG BATTERY (RANNOCH) LIMITED→ SC745597 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BROCKLOCH RIG WINDFARM LIMITED→ SC149100 · est 1994 · no financials extracted | — | — | — | — | 32y | — | — |
| CAMPBELL'S AIR CONDITIONING AND REFRIGERATION LIMITED→ SC215667 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| COLWOOD GRAB HIRE LTD→ SC837000 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| CONHARLIL LIMITED→ SC494204 · est 2015 · no financials extracted | — | — | — | — | 11y | — | — |
| CWK WASTE TRANSFER SOLUTIONS LTD→ SC734347 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CWSSOP LIMITED→ SC848482 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| DG HOLDINGS SCOTLAND LTD→ SC664697 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| DOW GROUP LIMITED→ SC280783 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| DPM WATER TECHNOLOGIES LIMITED→ SC264863 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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
Typeprivate-limited-guarant-nsc
Incorporated2021-10-11
Jurisdictionscotland
Primary SIC39000 — SIC 39000
Registered office
The Glue Factory
22 Farnell Street
Glasgow
G4 9SE
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-24
Last: 2025-10-10
Officers (3 active · 0 resigned)
BARCLAY, Rhonda→
Activedirector · ~55y · appointed 2021-10-11
View their other companies + combined net worth →
CURRIE, Merlin Ann→
Activedirector · ~68y · appointed 2021-10-11
View their other companies + combined net worth →
MCGILL, Kieran Thomas George→
Activedirector · ~37y · appointed 2023-04-01
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (13 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-02
appoint-person-director-company-with-name-date
officers · AP01
2023-04-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-25
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-03-25
incorporation-community-interest-company
incorporation · CICINC
2021-10-11