EUROCASTORS LIMITED

💤Zombieactive
SC045570 · ltd · incorporated 1968-03-29
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
—
year to Mar 2025
Net worth
£652.7k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
  • 32990Other manufacturing n.e.c.
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 53.9y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 53.9 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £652,749
Net assets shrinking
Down £28,724 YoY
Cash YoY
-7%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£297k
↓ 7.2% YoY
Net Worth
£653k
↓ 4.2% YoY
Current Assets
£604k
~ YoY
Current Liabilities
—
£0£136k£273k£409k£545k£681kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£666.2k£696.8k
Current assets£604.3k£606.4k
Cash£297.1k£320.2k
Debtors£88.3k£47.6k
Net assets£652.7k£681.5k

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 (38 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-10-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2019-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2017-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-04-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2017-04-11
    🔓
    Charge satisfied #12
  15. 2017-04-11
    🔓
    Charge satisfied #11
  16. 2017-04-11
    🔓
    Charge satisfied #9
  17. 2017-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2017-03-02
    ➖
    VOM STEIN, Karl Heinz resigned
    director
  19. 2016-07-25
    ➖
    BUTCHART, Susan Jane resigned
    director
  20. 2016-07-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2009-05-29
    🔓
    Charge satisfied #7
  22. 2008-06-13
    🔓
    Charge satisfied #10
  23. 2002-10-18
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  24. 1995-10-16
    🔒
    Charge registered #11
    Lender: Glenrothes Development Corporation
  25. 1995-10-16
    🔒
    Charge registered #10
    Lender: The Governor and Company of the Bank of Scotland
  26. 1993-06-14
    🔓
    Charge satisfied #4
  27. 1992-09-09
    🔒
    Charge registered #9
    Lender: The Governor and Company of the Bank of Scotland
  28. 1992-08-24
    🔓
    Charge satisfied #1
  29. 1992-07-01
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  30. 1992-03-13
    ➖
    HUNTER, Ronald David resigned
    secretary
  31. 1992-03-13
    ➖
    BUTCHART, John Buik resigned
    director
  32. 1992-03-13
    ➕
    BUTCHART, Susan Jane appointed
    director
  33. 1992-03-13
    ➖
    HUNTER, Ronald David resigned
    director
  34. 1992-02-11
    🔓
    Charge satisfied #2
  35. 1984-12-13
    🔒
    Charge registered #4
    Lender: Glenrothes Development Corporation
  36. 1978-02-27
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  37. 1972-06-06
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  38. 1968-03-29
    🏢
    Company incorporated
    As EUROCASTORS LIMITED

Owner dependency

90/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

85/100
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 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 58 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Corsie Industrial Holdings Ltd holds majority control (50-75%). Likely parent but not wholly-owned.

🏛️
Corsie Industrial Holdings Ltd
Corporate parent · holds 50-75% shares
majority
⬇
EUROCASTORS LIMITED
This company · SC045570

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Corsie Industrial Holdings Ltd
Corporate entity
50–75%
—50-75% shares06/04/2016
1 historic (ceased) PSC
  • Paul Vom Stein Gmbh & Co Kgceased 07/08/2019· 25-50% shares

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

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
Typeltd
Incorporated1968-03-29
Jurisdictionscotland
Primary SIC25990 — SIC 25990

Registered office

Dalton Road
Southfield Estate
Glenrothes
KY6 2SS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (2 active · 5 resigned)

BUTCHART, Susan Jane→
secretary
View their other companies + combined net worth →
Active
BUTCHART, Alan Douglas→
director · ~70y
View their other companies + combined net worth →
Active
HUNTER, Ronald David→
secretary · resigned 1992-03-13
Resigned
BUTCHART, John Buik→
director · ~96y · resigned 1992-03-13
Resigned
BUTCHART, Susan Jane→
director · ~65y · appointed 1992-03-13 · resigned 2016-07-25
Resigned
HUNTER, Ronald David→
director · ~96y · resigned 1992-03-13
Resigned
VOM STEIN, Karl Heinz→
director · ~96y · resigned 2017-03-02
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property18/10/200211/04/2017
satisfied
Glenrothes Development Corporation
Standard security1 property16/10/199511/04/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property16/10/199513/06/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/09/199211/04/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property01/07/199229/05/2009
satisfied
Glenrothes Development Corporation
Standard security1 property13/12/198414/06/1993
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property27/02/197811/02/1992
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Bond of cash credit & floating charge1 property06/06/197224/08/1992

Recent filings (113 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-19
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-18