GLENDALE PLASTICS LIMITED

🌳Matureactive
SC070131 · ltd · incorporated 1979-12-03
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
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 22220
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

11 live charges · 6 lenders · oldest 42.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 42.9 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (58/100)

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
11 charges (11/11 with lender, 11/11 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
4 connected companies via shared directors
57
Filing history
137 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • • 1 persons-with-significant-control
Last 90 days
1
filing
  • • 1 persons-with-significant-control
Last 180 days
3
filings
  • • 2 accounts
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-04-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2025-11-17
    📄
    accounts-amended-with-accounts-type-group
    accounts · AAMD
  3. 2025-11-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  4. 2024-10-09
    📄
    accounts-with-accounts-type-group
    accounts · AA
  5. 2023-10-03
    📄
    accounts-with-accounts-type-group
    accounts · AA
  6. 2022-08-03
    📄
    accounts-amended-with-accounts-type-group
    accounts · AAMD
  7. 2022-07-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2021-10-25
    📄
    accounts-with-accounts-type-group
    accounts · AA
  9. 2020-11-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  10. 2019-09-09
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2019-08-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2019-08-01
    ➖
    GALLOWAY, Agnes resigned
    director
  13. 2018-07-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2018-05-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2018-05-01
    ➖
    HETHERINGTON, George Roy resigned
    secretary
  16. 2018-02-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2018-01-23
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-01-23
    🔒
    Charge registered #10
    Lender: Hsbc Bank PLC
  19. 2018-01-22
    🔒
    Charge registered #11
    Lender: Hsbc Bank PLC
  20. 2018-01-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2018-01-11
    🔓
    Charge satisfied #6
  22. 2017-04-20
    ➖
    GALLOWAY, John resigned
    director
  23. 2015-04-01
    🔓
    Charge satisfied #5
  24. 2015-04-01
    🔓
    Charge satisfied #4
  25. 2015-02-18
    🔓
    Charge satisfied #8
  26. 2015-02-18
    🔓
    Charge satisfied #7
  27. 2015-01-22
    🔓
    Charge satisfied #1
  28. 2014-12-23
    🔒
    Charge registered #9
    Lender: Hsbc Bank PLC
  29. 2012-09-15
    ➕
    PIERRONNET, Cedric Michel Andre appointed
    director
  30. 2010-08-14
    🔓
    Charge satisfied #3
  31. 2010-08-14
    🔓
    Charge satisfied #2
  32. 2009-04-20
    ➖
    GALLOWAY, Andrew Ewan resigned
    director
  33. 2008-08-28
    🔒
    Charge registered #8
    Lender: State Securities PLC
  34. 2006-07-12
    🔒
    Charge registered #7
    Lender: State Securities PLC
  35. 2005-10-27
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland Commercial Services Limited
  36. 1997-12-16
    ➕
    GALLOWAY, David Walker appointed
    director
  37. 1996-06-27
    🔒
    Charge registered #5
    Lender: Royal Bank Invoice Finance Limited
  38. 1996-02-15
    🔒
    Charge registered #4
    Lender: Royal Bank Invoice Finance Limited
  39. 1993-11-04
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  40. 1993-06-23
    ➕
    GALLOWAY, Andrew Ewan appointed
    director
  41. 1992-09-10
    ➕
    HETHERINGTON, George Roy appointed
    secretary
  42. 1992-09-10
    ➖
    FRASER & PARTNERS(BUSINESS MANAGERS)LIMITED resigned
    corporate-secretary
  43. 1989-05-09
    🔒
    Charge registered #2
    Lender: Glenrothes Development Corporation
  44. 1983-05-30
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  45. 1979-12-03
    🏢
    Company incorporated
    As GLENDALE PLASTICS LIMITED

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 28 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 46 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

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.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr John Bruce Galloway
Individual · British · DOB 05/1961 · age 65
25–50%
25–50%board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence06/04/2016
1 historic (ceased) PSC
  • Mr David Walker Gallowayceased 21/04/2026· 25-50% shares · 25-50% voting · board control · significant influence

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
Incorporated1979-12-03
Jurisdictionscotland
Primary SIC22220 — SIC 22220

Registered office

Glover Road
Westwood Park
Glenrothes
Fife
KY7 4UH

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-27
Last: 2025-08-13

Officers (3 active · 5 resigned)

GALLOWAY, David Walker→
director · ~63y · appointed 1997-12-16
View their other companies + combined net worth →
Active
GALLOWAY, John Bruce→
director · ~65y
View their other companies + combined net worth →
Active
PIERRONNET, Cedric Michel Andre→
director · ~51y · appointed 2012-09-15
View their other companies + combined net worth →
Active
HETHERINGTON, George Roy→
secretary · appointed 1992-09-10 · resigned 2018-05-01
Resigned
FRASER & PARTNERS(BUSINESS MANAGERS)LIMITED→
corporate-secretary · resigned 1992-09-10
Resigned
GALLOWAY, Agnes→
director · ~87y · resigned 2019-08-01
Resigned
GALLOWAY, Andrew Ewan→
director · ~59y · appointed 1993-06-23 · resigned 2009-04-20
Resigned
GALLOWAY, John→
director · ~94y · resigned 2017-04-20
Resigned

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

Mortgages & charges

11
Total charges
3
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property23/01/2018—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property22/01/2018—
outstanding
HSBC
Hsbc Bank PLC
A registered charge1 property23/12/2014—
satisfied
State Securities
State Securities PLC
Floating charge1 property28/08/200818/02/2015
satisfied
State Securities
State Securities PLC
Floating charge1 property12/07/200618/02/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland Commercial Services Limited
Floating charge1 property27/10/200511/01/2018
satisfied
Royal Bank Invoice Finance
Royal Bank Invoice Finance Limited
Floating charge1 property27/06/199601/04/2015
satisfied
Royal Bank Invoice Finance
Royal Bank Invoice Finance Limited
Floating charge1 property15/02/199601/04/2015
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property04/11/199314/08/2010
satisfied
Glenrothes Development Corporation
Standard security1 property09/05/198914/08/2010
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property30/05/198322/01/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (137 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-04-21
accounts-amended-with-accounts-type-group
accounts · AAMD
2025-11-17
accounts-with-accounts-type-small
accounts · AA
2025-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
accounts-with-accounts-type-group
accounts · AA
2024-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-28
accounts-with-accounts-type-group
accounts · AA
2023-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-30
accounts-amended-with-accounts-type-group
accounts · AAMD
2022-08-03
accounts-with-accounts-type-full
accounts · AA
2022-07-21
accounts-with-accounts-type-group
accounts · AA
2021-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-30
accounts-with-accounts-type-group
accounts · AA
2020-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-20