ICL TECH LIMITED

🌳Matureactive
SC054592 · ltd · incorporated 1973-11-26
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£703.2k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: SIC 22290
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 91-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 91). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

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
Confirmed no charges registered
85
Directors & officers
9 officers (4 active, 9 linked, 8 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
99 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
85
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 · accounting standard not declared
Positive net assets
Net assets £703,181
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£10k
~ YoY
Net Worth
£703k
~ YoY
Current Assets
£980k
↓ 4.4% YoY
Current Liabilities
—
£0£205k£410k£615k£820k£1.0mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£712.8k£709.2k
Current assets£979.7k£1.02M
Cash£10.1k£10.1k
Debtors£653.1k£631.6k
Net assets£703.2k£701.5k

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
1
filing
  • • 1 officers
Last 180 days
2
filings
  • • 2 officers
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-03-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-12
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-08-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-12-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-12-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2022-12-01
    ➕
    LEAVER, Andrew Scott appointed
    director
  9. 2022-12-01
    ➕
    MCCRACKEN, Mark appointed
    director
  10. 2022-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-01-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2021-11-25
    ➖
    DOWNIE, Lorna Grace resigned
    secretary
  13. 2021-10-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2021-08-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-08-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2017-08-31
    📄
    accounts-with-accounts-type-small
    accounts · AA
  19. 2017-03-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2010-06-14
    ➕
    DOWNIE, Nicholas Campbell appointed
    director
  21. 2005-08-12
    ➖
    HENDERSON, Neil Stuart resigned
    director
  22. 2004-07-01
    ➕
    HENDERSON, Neil Stuart appointed
    director
  23. 2004-05-11
    ➕
    DOWNIE, Campbell Hetherington appointed
    director
  24. 2004-05-11
    ➖
    MCCOLL, James Stewart resigned
    director
  25. 2004-01-22
    ➖
    STOTT, Frank Fraser Duguid resigned
    director
  26. 2000-10-01
    ➖
    MARSHALL, Peter Hardie resigned
    director
  27. 1998-10-12
    ➕
    MARSHALL, Peter Hardie appointed
    director
  28. 1973-11-26
    🏢
    Company incorporated
    As ICL TECH LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 91 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 91 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 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

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

Group structure

Icl Plastics Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Icl Plastics Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
ICL TECH LIMITED
This company · SC054592

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
Icl Plastics Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

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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
Incorporated1973-11-26
Jurisdictionscotland
Primary SIC22290 — SIC 22290

Registered office

1 Wellington Road
Bishopbriggs
Glasgow
G64 2SA
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-08-05
Last: 2025-07-22

Officers (4 active · 5 resigned)

DOWNIE, Campbell Hetherington→
director · ~91y · appointed 2004-05-11
View their other companies + combined net worth →
Active
DOWNIE, Nicholas Campbell→
director · ~61y · appointed 2010-06-14
View their other companies + combined net worth →
Active
LEAVER, Andrew Scott→
director · ~40y · appointed 2022-12-01
View their other companies + combined net worth →
Active
MCCRACKEN, Mark→
director · ~55y · appointed 2022-12-01
View their other companies + combined net worth →
Active
DOWNIE, Lorna Grace→
secretary · resigned 2021-11-25
Resigned
HENDERSON, Neil Stuart→
director · ~50y · appointed 2004-07-01 · resigned 2005-08-12
Resigned
MARSHALL, Peter Hardie→
director · ~66y · appointed 1998-10-12 · resigned 2000-10-01
Resigned
MCCOLL, James Stewart→
director · ~83y · resigned 2004-05-11
Resigned
STOTT, Frank Fraser Duguid→
director · ~93y · resigned 2004-01-22
Resigned

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

Recent filings (99 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-17
change-person-director-company-with-change-date
officers · CH01
2025-12-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-25
appoint-person-director-company-with-name-date
officers · AP01
2022-12-13
appoint-person-director-company-with-name-date
officers · AP01
2022-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-26
termination-secretary-company-with-name-termination-date
officers · TM02
2022-01-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-13