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.
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 material changes in the last 90 days.

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
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 43.2y

35/100
too messy

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

  • · Oldest live charge is 43.2 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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 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 29 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 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 47 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