WELGO OFFICE EQUIPMENT LIMITED

🌳Matureactive
SC047104 · ltd · incorporated 1969-12-08
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 49.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (60/100, director aged 61). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 49.8y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 49.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
8 officers (3 active, 8 linked, 6 with DOB)
85
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
110 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2024Nov 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-11-302024-11-30
Average employees4400

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

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

Last 30 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 address
  • • 1 officers
Last 90 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 address
  • • 1 officers
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 1 address
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  2. 2026-05-07
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-05-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2026-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2026-05-06
    ➕
    HARPER, Dylan appointed
    director
  6. 2026-01-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-09-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2025-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-09-01
    ➕
    MITCHELL, Ewan appointed
    director
  11. 2023-09-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2023-04-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-03-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2023-03-14
    🔓
    Charge satisfied #2
  15. 2022-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-02-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2020-07-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2017-03-07
    ➖
    MARSHALL, John resigned
    secretary
  22. 2015-11-30
    ➖
    MARSHALL, John resigned
    director
  23. 2009-04-01
    ➖
    GORDON, Andrew Norman resigned
    director
  24. 2003-03-03
    ➕
    GORDON, Brian appointed
    director
  25. 1995-07-07
    ➕
    MARSHALL, John appointed
    secretary
  26. 1995-07-07
    ➖
    WELLS, Harold resigned
    secretary
  27. 1995-07-07
    ➖
    WELLS, Harold resigned
    director
  28. 1993-11-30
    🔓
    Charge satisfied #1
  29. 1993-10-21
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  30. 1976-07-19
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  31. 1969-12-08
    🏢
    Company incorporated
    As WELGO OFFICE EQUIPMENT LIMITED

Owner dependency

68/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Welgo Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Welgo Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
WELGO OFFICE EQUIPMENT LIMITED
This company · SC047104

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%
NameSharesVoting rightsNature of controlNotified
Welgo Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/05/2026
1 historic (ceased) PSC
  • Mr Brian Gordonceased 06/05/2026· 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.

🔒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

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 →
🔒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
Incorporated1969-12-08
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

Lower Ground Floor, 4
Woodside Place
Glasgow
G3 7QF
Scotland

Filing status

Accounts
Next due: 2027-08-31
Last made up to: 2025-11-30
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11

Officers (3 active · 5 resigned)

GORDON, Brian→
director · ~61y · appointed 2003-03-03
View their other companies + combined net worth →
Active
HARPER, Dylan→
director · ~31y · appointed 2026-05-06
View their other companies + combined net worth →
Active
MITCHELL, Ewan→
director · ~29y · appointed 2023-09-01
View their other companies + combined net worth →
Active
MARSHALL, John→
secretary · appointed 1995-07-07 · resigned 2017-03-07
Resigned
WELLS, Harold→
secretary · resigned 1995-07-07
Resigned
GORDON, Andrew Norman→
director · ~87y · resigned 2009-04-01
Resigned
MARSHALL, John→
director · ~75y · resigned 2015-11-30
Resigned
WELLS, Harold→
director · ~95y · resigned 1995-07-07
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property21/10/199314/03/2023
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property19/07/197630/11/1993

Recent filings (110 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-05-08
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-05-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-07
appoint-person-director-company-with-name-date
officers · AP01
2026-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-28
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-23
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-23
appoint-person-director-company-with-name-date
officers · AP01
2023-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-05
mortgage-satisfy-charge-full
mortgage · MR04
2023-03-14
confirmation-statement-with-updates
confirmation-statement · CS01
2022-09-28