HYDRASUN LIMITED
🌳Matureactive
SC059688 · ltd · incorporated 1976-03-29
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueActive trading company with a 71-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
19 live charges · 7 lenders · oldest 50.2y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 50.2 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
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
19 charges (19/19 with lender, 19/19 with type)
90
Directors & officers
29 officers (10 active, 29 linked, 25 with DOB)
87
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
221 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
2
filings
- • 2 officers
Last 180 days
5
filings
- • 3 officers
- • 2 accounts
Counts from Companies House filing history.
Corporate timeline (104 events)Click to expand
- 2026-06-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-05-31➖SANGSTER, Craig John resigneddirector
- 2026-05-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-30➖MEARNS, Christopher Andrew resigneddirector
- 2026-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-05📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-02-05📄legacyaccounts · PARENT_ACC
- 2025-11-03➕KILNER-ABAZED, Emma Jayne appointeddirector
- 2025-04-08📄legacyother · AGREEMENT2
- 2025-04-08📄legacyother · GUARANTEE2
- 2024-12-19📄accounts-with-accounts-type-groupaccounts · AA
- 2024-11-15➖DOHERTY, Gary John resignedsecretary
- 2024-11-15➖DOHERTY, Gary John resigneddirector
- 2024-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-15📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-10-18📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-18📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15🔓Charge satisfied #19
- 2024-10-15🔓Charge satisfied #18
- 2024-10-14📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-03🔒Charge registered #20Lender: Hsbc Corporate Trustee Company (UK) Limited as Security Agent
- 2024-09-26📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2024-07-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-07-22📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-05-01➕SMALL, Carole Anne appointeddirector
- 2024-05-01➕MEARNS, Christopher Andrew appointeddirector
- 2024-01-15📄accounts-with-accounts-type-groupaccounts · AA
- 2024-01-05➕LOGIE, Ian appointeddirector
- 2024-01-05➕MITCHELL, Stuart appointeddirector
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-12-30📄accounts-with-accounts-type-groupaccounts · AA
- 2021-12-22➖NICHOLSON, Stewart resigneddirector
- 2021-11-17➕GRAHAM, Alan appointeddirector
- 2021-07-13🔓Charge satisfied #15
- 2021-07-13🔓Charge satisfied #14
- 2021-07-13🔓Charge satisfied #13
- 2021-07-13🔓Charge satisfied #12
- 2021-07-13🔓Charge satisfied #11
- 2021-07-13🔓Charge satisfied #16
- 2021-07-13🔓Charge satisfied #17
- 2021-07-12🔒Charge registered #19Lender: National Westminster Bank PLC (As Security Agent)
- 2021-07-09🔒Charge registered #18Lender: National Westminster Bank PLC (As Security Agent)
- 2020-10-02➖LUNDIE, Robert resigneddirector
- 2019-01-08➕GARDINER, Stuart appointeddirector
- 2019-01-08➕MILNE, Colin appointeddirector
- 2019-01-08➕NICHOLSON, Stewart appointeddirector
- 2017-05-31➖COUTTS, Ben resigneddirector
Showing most recent 50 of 104 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -10 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 71 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 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
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MEARNS, Christopher Andrew resigned 2026-04-30; SANGSTER, Craig John resigned 2026-05-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Hgen2 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Hgen2 Limited
Corporate parent · holds 75-100% shares · board control
⬇
HYDRASUN LIMITED
This company · SC059688
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 |
|---|---|---|---|---|
Hgen2 Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 11/02/2022 |
3 historic (ceased) PSCs
- Natwest Fis Nominees Limitedceased 04/10/2024· 75-100% shares
- Hydrasun Group Ltdceased 11/02/2022· 75-100% voting · board control
- Hsdl Nominees Ltdceased 18/01/2017· 75-100% 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 →Similar companies
Active · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GRAY & ADAMS LIMITED→ SC047482 · est 1970 | £75.13M £58.44M–£91.83M | — | — | 502 | 56y | 87 | 71y |
| GRAY & ADAMS GROUP LIMITED→ SC230241 · est 2002 | £53.82M £41.86M–£65.78M | — | — | 0 | 24y | 85 | 71y |
| GRAY & ADAMS (DUNFERMLINE) LIMITED→ SC082971 · est 1983 | £17.07M £13.28M–£20.87M | — | — | 106 | 43y | 85 | 71y |
| GRAY & ADAMS (DONCASTER) LIMITED→ SC128013 · est 1990 | £16.62M £12.93M–£20.32M | — | — | 101 | 35y | 87 | 71y |
| INTERWELL LIMITED→ SC391140 · est 2011 | £10.98M £8.54M–£13.42M | £33.44M | — | 7800 | 15y | 91 | 60y |
| EBLAST LIMITED→ SC202165 · est 1999 | £8.03M £6.24M–£9.81M | £11.11M | — | 7400 | 26y | 83 | — |
| ROTECH SUBSEA LIMITED→ SC451221 · est 2013 | £6.41M £4.99M–£7.83M | £17.20M | — | 4800 | 13y | 84 | 58y |
| DALES ENGINEERING SERVICES LIMITED→ SC107948 · est 1987 | £6.22M £4.84M–£7.60M | £21.87M | — | 11000 | 38y | 93 | 70y |
| SUPERIOR ENERGY SERVICES LIMITED→ SC259694 · est 2003 | £6.15M £4.78M–£7.51M | £1.45M | — | 1500 | 22y | 94 | 60y |
| IMENCO UK LIMITED→ SC372021 · est 2010 | £5.97M £4.64M–£7.29M | £17.33M | — | 11500 | 16y | 95 | 71y |
| TGT OILFIELD SERVICES UK LIMITED→ SC427554 · est 2012 | £2.26M £1.76M–£2.76M | £9.93M | — | 3000 | 14y | 84 | 61y |
| VECTOR SUPPLIES LIMITED→ SC103810 · est 1987 | £1.63M £1.27M–£1.99M | — | — | 16 | 39y | 85 | 71y |
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
Incorporated1976-03-29
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Gateway Business Park
Moss Road
Aberdeen
AB12 3GQ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-11
Last: 2025-10-28
Officers (10 active · 19 resigned)
DRUMMOND, Robert Sommerville→
Activedirector · ~71y · appointed 2002-08-20
View their other companies + combined net worth →
GARDINER, Stuart→
Activedirector · ~50y · appointed 2019-01-08
View their other companies + combined net worth →
GRAHAM, Alan→
Activedirector · ~51y · appointed 2021-11-17
View their other companies + combined net worth →
HARRIS, Steven Allan→
Activedirector · ~52y · appointed 2015-05-15
View their other companies + combined net worth →
KILNER-ABAZED, Emma Jayne→
Activedirector · ~48y · appointed 2025-11-03
View their other companies + combined net worth →
Active
MILNE, Colin→
Activedirector · ~52y · appointed 2019-01-08
View their other companies + combined net worth →
MITCHELL, Stuart→
Activedirector · ~59y · appointed 2024-01-05
View their other companies + combined net worth →
SMALL, Carole Anne→
Activedirector · ~52y · appointed 2024-05-01
View their other companies + combined net worth →
THOMPSON, Neil John→
Activedirector · ~53y · appointed 2008-07-23
View their other companies + combined net worth →
DOCHERTY, William→
Resignedsecretary · appointed 2003-03-18 · resigned 2005-01-20
DOHERTY, Gary John→
Resignedsecretary · appointed 2005-01-20 · resigned 2024-11-15
FRASER, Stanley Thomson→
Resignedsecretary · resigned 2002-08-20
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2002-08-20 · resigned 2003-03-18
CAMERON, William Porter→
Resigneddirector · ~87y · resigned 2002-08-20
COATES, Scott Terrence→
Resigneddirector · ~55y · appointed 2004-10-05 · resigned 2007-10-12
COUTTS, Ben→
Resigneddirector · ~64y · appointed 2009-12-24 · resigned 2017-05-31
DOCHERTY, William→
Resigneddirector · ~75y · appointed 2002-08-20 · resigned 2005-04-30
DOHERTY, Gary John→
Resigneddirector · ~56y · appointed 2005-01-20 · resigned 2024-11-15
FRASER, Stanley Thomson→
Resigneddirector · ~79y · resigned 2002-08-20
Click a director name to see their full track record across all companies.
Mortgages & charges
19
Total charges
1
Outstanding
1
Active lenders
Status:Lender:19 of 19 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Corporate Trustee Company (UK) Limited as Security Agent | A registered charge | — | 03/10/2024 | — | |
| satisfied | National Westminster Bank (As Security Agent) National Westminster Bank PLC (As Security Agent) | A registered charge | — | 12/07/2021 | 15/10/2024 | |
| satisfied | National Westminster Bank (As Security Agent) National Westminster Bank PLC (As Security Agent) | A registered charge | — | 09/07/2021 | 15/10/2024 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 14/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 09/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 09/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 09/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 09/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | 1 property | 08/05/2013 | 13/07/2021 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A registered charge | — | 03/05/2013 | 13/07/2021 | |
| satisfied | Barclays Barclays Bank PLC | Standard security | 1 property | 17/10/2007 | 18/03/2013 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 12/10/2007 | 18/03/2013 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 20/03/2006 | 17/10/2007 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 13/03/2006 | 17/10/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 22/08/2002 | 25/03/2006 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 20/08/2002 | 25/03/2006 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 14/07/1999 | 02/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 25/07/1989 | 02/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 27/05/1976 | 17/09/2002 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (221 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-06-18
termination-director-company-with-name-termination-date
officers · TM01
2026-05-01
appoint-person-director-company-with-name-date
officers · AP01
2026-04-09
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-02-05
legacy
accounts · PARENT_ACC
2026-02-05
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-10
legacy
other · AGREEMENT2
2025-04-08
legacy
other · GUARANTEE2
2025-04-08
accounts-with-accounts-type-group
accounts · AA
2024-12-19
termination-director-company-with-name-termination-date
officers · TM01
2024-11-15
termination-secretary-company-with-name-termination-date
officers · TM02
2024-11-15
confirmation-statement-with-updates
confirmation-statement · CS01
2024-10-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-10-18
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15