P.P.S. GLASSFIBRE LIMITED

🌳Matureactive
SC064971 · ltd · incorporated 1978-05-25
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 47.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
£1.03M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 65/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 47.7y

50/100
clean up first

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

  • · Oldest live charge is 47.7 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 (79/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
85
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 £1,027,379
Cash YoY
+66%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£674k
↑ 66% YoY
Net Worth
£1.0m
↑ 30% YoY
Current Assets
£1.0m
↑ 48% YoY
Current Liabilities
—
£0£205k£411k£616k£822k£1.0mApr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-04-302024-04-30
Total assets£1.03M£793.3k
Current assets£1.00M£680.2k
Cash£674.0k£406.5k
Debtors£173.3k£198.1k
Net assets£1.03M£793.3k

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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-04-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-05-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-05-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-04-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-01-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-01-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-01-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-14
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2013-03-31
    ➖
    GRANT, Anne Kathryn resigned
    secretary
  17. 2006-11-01
    ➕
    PATERSON, Keith appointed
    director
  18. 2002-10-18
    ➖
    PATERSON, Andrew Buchan resigned
    director
  19. 1984-01-23
    🔒
    Charge registered #4
    Lender: Gordon District Council
  20. 1983-03-24
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  21. 1983-03-24
    🔒
    Charge registered #2
    Lender: Gordon District Council
  22. 1978-08-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 1978-05-25
    🏢
    Company incorporated
    As P.P.S. GLASSFIBRE 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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
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 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 48 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Lesley Paterson
Individual · British · DOB 09/1952 · age 74
50–75%
50–75%50-75% shares · 50-75% voting06/04/2016
Mr Keith Paterson
Individual · British · DOB 03/1982 · age 44
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated1978-05-25
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

Harlaw Industrial Estate
Inverurie
Aberdeenshire
AB51 4SG

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (2 active · 2 resigned)

PATERSON, Keith→
director · ~44y · appointed 2006-11-01
View their other companies + combined net worth →
Active
PATERSON, Lesley→
director · ~74y
View their other companies + combined net worth →
Active
GRANT, Anne Kathryn→
secretary · resigned 2013-03-31
Resigned
PATERSON, Andrew Buchan→
director · ~77y · resigned 2002-10-18
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Gordon District Council
Standard security1 property23/01/1984—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/03/1983—
outstanding
Gordon District Council
Standard security1 property24/03/1983—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/08/1978—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (95 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
change-person-director-company-with-change-date
officers · CH01
2025-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-16
change-person-director-company-with-change-date
officers · CH01
2025-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-28