NCT LEATHER LIMITED
💤Zombieactive
SC019503 · ltd · incorporated 1936-12-30
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: SIC 15110
Sector: Manufacturing
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 75/100 (strong), bankability 85/100. 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 (58/100).
🏦
Refinance opportunity
2 live charges · oldest 37.8y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 37.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
29 officers (2 active, 29 linked, 23 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
173 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.
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 (77 events)Click to expand
- 2025-10-21📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2025-10-21📄legacyaccounts · PARENT_ACC
- 2025-10-21📄legacyother · GUARANTEE2
- 2025-10-21📄legacyother · GUARANTEE2
- 2025-10-21📄legacyother · AGREEMENT2
- 2025-07-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-22📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-12-21📄legacyaccounts · PARENT_ACC
- 2024-12-21📄legacyother · GUARANTEE2
- 2024-12-21📄legacyother · AGREEMENT2
- 2024-04-18📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2024-04-01➕CHALK, Lesley Elizabeth appointedsecretary
- 2024-01-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-09-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-08-31➖HENNING, Steven Simon resigneddirector
- 2023-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-31➖ARCHIBALD, David Milligan resigneddirector
- 2023-03-23➕HENNING, Steven Simon appointeddirector
- 2023-03-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-11-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-10-01➖MCFADYEN, Iain Fleming resigneddirector
- 2022-06-20➕MUIRHEAD, Nicholas Ramsay appointeddirector
- 2022-06-20➕ARCHIBALD, David Milligan appointeddirector
- 2022-06-20➖MACTAGGART, Dugald resigneddirector
- 2022-06-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-11-04📄accounts-with-accounts-type-fullaccounts · AA
- 2020-10-27➖IRELAND, Steven Andrew resignedsecretary
- 2020-10-27➖IRELAND, Steven Andrew resigneddirector
- 2020-10-27➖SCOTT, Gareth William resigneddirector
- 2020-10-21➖MARSHALL, Margaret Karen Sutherland resigneddirector
- 2020-10-21➖MCDONALD, Paul Wilfred resigneddirector
- 2019-11-20➖LUNDIE, Ian Allison resigneddirector
- 2019-09-02➕MACTAGGART, Dugald appointeddirector
- 2018-09-01➕MCDONALD, Paul Wilfred appointeddirector
- 2018-09-01➖MUIRHEAD, Nicholas Ramsay resigneddirector
- 2017-09-01➕SCOTT, Gareth William appointeddirector
- 2017-06-30➖BIRD, David, Quality Director resigneddirector
- 2016-06-11➖MUIRHEAD, Jonathan Andrew Macfie resigneddirector
- 2015-09-01➕MUIRHEAD, Nicholas Ramsay appointeddirector
- 2015-07-31➖GILMOUR, Hugh resigneddirector
- 2015-06-25➖BLAIN, James resigneddirector
- 2015-03-31➖RIDDELL, William John resigneddirector
- 2014-03-03➕GILMOUR, Hugh appointeddirector
- 2013-02-28➖ROSS, Gordon resigneddirector
- 2013-01-01➕LUNDIE, Ian Allison appointeddirector
- 2012-05-17🔓Charge satisfied #2
- 2012-05-17🔓Charge satisfied #1
Showing most recent 50 of 77 events
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Scottish Leather Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Scottish Leather Group Limited
Corporate parent · holds 75-100% shares
⬇
NCT LEATHER LIMITED
This company · SC019503
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 |
|---|---|---|---|---|
Scottish Leather Group Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
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 →Similar companies
Active · Manufacturing · PA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LOCHVIEW PHARM LTD.→ SC372375 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
| MWL MANUFACTURING LTD→ SC692086 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| MY AUTHENTIC SELF LTD→ SC813770 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| NDT & QUALITY SERVICES LIMITED→ SC411148 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| NEWARK ENTERPRISES LTD→ SC474333 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| NL HYDRAULICS LTD→ SC860414 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NORFAB EQUIPMENT LIMITED→ SC625537 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| NORTH ATLANTIC MINERALS LIMITED→ SC423859 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| OFF-ROAD CUSTOM AND CLASSIC VEHICLES LIMITED→ SC616635 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| OLFACTORY CANDLES LTD→ SC691981 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| OMNIUS PROPSHAFTS LTD→ SC429212 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| ONLINE FURNACE SERVICES LIMITED→ SC212200 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated1936-12-30
Jurisdictionscotland
Primary SIC15110 — SIC 15110
Registered office
Locher Works
Bridge Of Weir
Renfrewshire
PA11 3RL
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19
Officers (2 active · 27 resigned)
CHALK, Lesley Elizabeth→
Activesecretary · appointed 2024-04-01
View their other companies + combined net worth →
MUIRHEAD, Nicholas Ramsay→
Activedirector · ~43y · appointed 2022-06-20
View their other companies + combined net worth →
BUTTAR, Colin Andrew→
Resignedsecretary · appointed 2003-04-01 · resigned 2005-01-28
HOWITT, Edward George→
Resignedsecretary · resigned 2002-06-19
IRELAND, Steven Andrew→
Resignedsecretary · appointed 2010-07-01 · resigned 2020-10-27
ROSS, Gordon→
Resignedsecretary · appointed 2005-02-09 · resigned 2010-07-01
ROSS, Gordon→
Resignedsecretary · appointed 2002-06-19 · resigned 2003-04-01
ARCHIBALD, David Milligan→
Resigneddirector · ~47y · appointed 2022-06-20 · resigned 2023-03-31
BIRD, David, Quality Director→
Resigneddirector · ~71y · appointed 2010-09-01 · resigned 2017-06-30
BLAIN, James→
Resigneddirector · ~76y · appointed 1996-04-01 · resigned 2015-06-25
FERGUS, John Graham→
Resigneddirector · ~93y · resigned 1997-06-16
GILMOUR, Hugh→
Resigneddirector · ~73y · appointed 2014-03-03 · resigned 2015-07-31
GRIER, Scott→
Resigneddirector · ~85y · appointed 1997-06-17 · resigned 2003-06-27
HENDERSON, John F→
Resigneddirector · ~83y · appointed 2000-01-26 · resigned 2008-12-11
HENDERSON, John F→
Resigneddirector · ~83y · resigned 1993-03-31
HENNING, Steven Simon→
Resigneddirector · ~63y · appointed 2023-03-23 · resigned 2023-08-31
IRELAND, Steven Andrew→
Resigneddirector · ~52y · appointed 2012-01-01 · resigned 2020-10-27
LUNDIE, Ian Allison→
Resigneddirector · ~70y · appointed 2013-01-01 · resigned 2019-11-20
MACTAGGART, Dugald→
Resigneddirector · ~63y · appointed 2019-09-02 · resigned 2022-06-20
MARSHALL, Margaret Karen Sutherland→
Resigneddirector · ~67y · appointed 2008-01-01 · resigned 2020-10-21
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 16/11/1989 | 17/05/2012 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 30/06/1988 | 17/05/2012 |
Recent filings (173 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-10-21
legacy
accounts · PARENT_ACC
2025-10-21
legacy
other · GUARANTEE2
2025-10-21
legacy
other · GUARANTEE2
2025-10-21
legacy
other · AGREEMENT2
2025-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-19
change-person-director-company-with-change-date
officers · CH01
2025-07-14
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-01-22
legacy
accounts · PARENT_ACC
2024-12-21
legacy
other · GUARANTEE2
2024-12-21
legacy
other · AGREEMENT2
2024-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-19
appoint-person-secretary-company-with-name-date
officers · AP03
2024-04-18
accounts-with-accounts-type-dormant
accounts · AA
2024-01-08
termination-director-company-with-name-termination-date
officers · TM01
2023-09-12