CELSTEEL LIMITED

🌳Matureactive
SC039247 · ltd · incorporated 1963-09-11
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 44.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.71M
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: SIC 47770
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 94-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 94). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 44.6y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 44.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 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
4 officers (3 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,708,102
Cash YoY
-0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£690k
~ YoY
Net Worth
£1.7m
~ YoY
Current Assets
£1.8m
↑ 6.0% YoY
Current Liabilities
—
£0£364k£727k£1.1m£1.5m£1.8mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-052024-04-05
Total assets£1.71M£1.71M
Current assets£1.82M£1.71M
Cash£690.4k£691.0k
Debtors£564.3k£408.3k
Net assets£1.71M£1.69M

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
2
filings
  • • 2 capital
Last 90 days
2
filings
  • • 2 capital
Last 180 days
2
filings
  • • 2 capital
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-28
    📄
    capital-cancellation-shares
    capital · SH06
  2. 2026-04-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  3. 2025-08-14
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2025-06-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2025-01-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-10-23
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2023-09-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-08-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-11-11
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-09-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-09-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2021-09-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2021-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-07-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-06-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2020-11-11
    📄
    accounts-amended-with-made-up-date
    accounts · AAMD
  17. 2020-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2019-08-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-11-02
    ➖
    CHIB, Eileen Margaret resigned
    director
  20. 1996-06-06
    ➕
    CHIB, Phillip David appointed
    director
  21. 1992-04-14
    🔒
    Charge registered #2
    Lender: Barclays Bank PLC
  22. 1981-09-09
    🔒
    Charge registered #1
    Lender: Midland Bank PLC
  23. 1963-09-11
    🏢
    Company incorporated
    As CELSTEEL LIMITED

Owner dependency

91/100
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.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 94 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 94 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 63 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Phillip David Chib
Individual · British · DOB 04/1961 · age 65
50–75%
—50-75% shares01/07/2016
Mrs Jacqueline Lois Chib
Individual · British · DOB 07/1965 · age 61
25–50%
—25-50% shares01/04/2020

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1963-09-11
Jurisdictionscotland
Primary SIC47770 — SIC 47770

Registered office

29 Queen Street
Newton Stewart
DG8 6JR
Scotland

Filing status

Accounts
Next due: 2027-01-05
Last made up to: 2025-04-05
Confirmation statement
Next due: 2026-09-30
Last: 2025-09-16

Officers (3 active · 1 resigned)

CHIB, Samuel Chand→
secretary
View their other companies + combined net worth →
Active
CHIB, Phillip David→
director · ~65y · appointed 1996-06-06
View their other companies + combined net worth →
Active
CHIB, Samuel Chand→
director · ~94y
View their other companies + combined net worth →
Active
CHIB, Eileen Margaret→
director · ~93y · resigned 2017-11-02
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Barclays
Barclays Bank PLC
Legal charge1 property14/04/1992—
outstanding
Midland Bank
Midland Bank PLC
Legal charge1 property09/09/1981—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (113 total)

capital-cancellation-shares
capital · SH06
2026-04-28
capital-return-purchase-own-shares
capital · SH03
2026-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-14
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-01-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-09-16