EXOVA (UK) LIMITED

🌳Matureactive
SC070429 · ltd · incorporated 1980-01-17
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
🔔
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 66-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 66). 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 (73/100).

🏦

Refinance opportunity

25 live charges · 7 lenders · oldest 45.3y

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 45.3 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (57/100)

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
25 charges (25/25 with lender, 25/25 with type)
90
Directors & officers
45 officers (2 active, 45 linked, 40 with DOB)
88
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
283 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
75
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
0
filings
Counts from Companies House filing history.
Corporate timeline (155 events)Click to expand
  1. 2025-09-17
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2024-08-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2024-06-12
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2024-05-03
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-03-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2022-12-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2022-12-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2022-07-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-07-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2022-07-13
    ➖
    WINTER, William Thomas Edward resigned
    director
  11. 2022-07-06
    ➕
    PILLAR, Christopher William appointed
    director
  12. 2022-06-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2022-04-21
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  21. 2022-04-21
    🔓
    Charge satisfied #27
  22. 2022-04-21
    🔓
    Charge satisfied #26
  23. 2022-04-21
    🔓
    Charge satisfied #25
  24. 2022-04-21
    🔓
    Charge satisfied #24
  25. 2022-04-21
    🔓
    Charge satisfied #23
  26. 2022-04-21
    🔓
    Charge satisfied #22
  27. 2022-04-21
    🔓
    Charge satisfied #21
  28. 2022-04-21
    🔓
    Charge satisfied #20
  29. 2022-04-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  30. 2022-04-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  31. 2022-03-08
    📄
    memorandum-articles
    incorporation · MA
  32. 2022-03-02
    ➕
    MADDISON, Stuart David appointed
    director
  33. 2021-11-24
    ➖
    VEITCH, Robert resigned
    director
  34. 2021-10-14
    🔒
    Charge registered #27
    Lender: Ing Bank N.V., London Branch (As Security Agent)
  35. 2021-08-20
    🔒
    Charge registered #26
    Lender: Ing Bank N.V., London Branch
  36. 2020-12-10
    ➖
    KEENAN, Gary resigned
    director
  37. 2019-05-15
    ➖
    BHOGAITA, Rajesh Prabhashanker resigned
    director
  38. 2018-12-14
    🔒
    Charge registered #25
    Lender: Ing Bank N.V., London Branch as the Security Agent
  39. 2018-12-14
    🔒
    Charge registered #24
    Lender: Ing Bank N.V., London Branch as the Security Agent
  40. 2018-05-16
    ➖
    DAVIES, Matthew Gordon Philip resigned
    director
  41. 2018-03-12
    ➖
    MBM SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  42. 2017-11-27
    ➖
    REYNOLDS, Brian resigned
    director
  43. 2017-11-10
    🔒
    Charge registered #23
    Lender: Ing Bank N.V., London Branch (As Security Agent)
  44. 2017-11-10
    🔒
    Charge registered #22
    Lender: Ing Bank N.V., London Branch (As Security Agent)
  45. 2017-11-10
    🔒
    Charge registered #21
    Lender: Ing Bank N.V., London Branch (As Security)
  46. 2017-11-10
    🔒
    Charge registered #20
    Lender: Ing Bank N.V., London Branch (As Security Agent)
  47. 2017-09-28
    ➖
    BARRY, Paul resigned
    director
  48. 2017-09-22
    ➖
    WILLOX, John Fraser Grant resigned
    director
  49. 2017-03-03
    ➖
    STEVENSON, Alison Leonie resigned
    director
  50. 2017-03-01
    ➕
    WINTER, William Thomas Edward appointed
    director
Showing most recent 50 of 155 events

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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.

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.

Group structure

Exova Treasury Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Exova Treasury Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
EXOVA (UK) LIMITED
This company · SC070429

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
Exova Treasury Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/06/2022
3 historic (ceased) PSCs
  • Ing Bank N.V. (Acting Through Its London Branch)ceased 29/03/2022· 75-100% shares
  • Exova Group (Uk) Limitedceased 13/06/2022· 75-100% shares · 75-100% voting · board control
  • Mr Donald J. Gogelceased 29/06/2017· 50-75% shares · 50-75% voting · board control · firm interest

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
Incorporated1980-01-17
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Atria One
144 Morrison Street
Edinburgh
EH3 8EX
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-26
Last: 2025-06-12

Officers (2 active · 43 resigned)

MADDISON, Stuart David→
director · ~63y · appointed 2022-03-02
View their other companies + combined net worth →
Active
PILLAR, Christopher William→
director · ~66y · appointed 2022-07-06
View their other companies + combined net worth →
Active
BURNETT, Aileen Ethra Murray→
secretary · appointed 2008-10-17 · resigned 2010-05-14
Resigned
GRIME, John Roland→
secretary · appointed 2002-09-19 · resigned 2008-10-17
Resigned
POWER, Ian Derek→
secretary · appointed 2010-05-14 · resigned 2014-01-06
Resigned
SLEIGHT, Derek Robson→
secretary · resigned 2002-09-19
Resigned
MBM SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2015-05-01 · resigned 2018-03-12
Resigned
ARCHIBALD, Robert Connon Stewart→
director · ~71y · resigned 1997-12-31
Resigned
BAILEY, Richard Malcolm→
director · ~80y · resigned 1994-12-16
Resigned
BARRY, Paul→
director · ~61y · appointed 2015-12-07 · resigned 2017-09-28
Resigned
BHOGAITA, Rajesh Prabhashanker→
director · ~64y · appointed 2015-10-27 · resigned 2019-05-15
Resigned
BURNETT, Aileen Ethra Murray→
director · ~63y · appointed 1999-07-01 · resigned 2010-05-14
Resigned
CARTWRIGHT, Cielo Bicol→
director · ~63y · appointed 2013-05-17 · resigned 2013-10-03
Resigned
CLAPPERTON, David James Ross, Mr.→
director · ~64y · appointed 1997-01-01 · resigned 2008-10-30
Resigned
DAVIES, Matthew Gordon Philip→
director · ~52y · appointed 2016-09-01 · resigned 2018-05-16
Resigned
DENT, Philip Nigel→
director · ~67y · appointed 1997-01-01 · resigned 1998-07-14
Resigned
DOUGLAS, Angus→
director · ~56y · appointed 2015-09-11 · resigned 2015-12-17
Resigned
FOWLER, Christopher Mark→
director · ~75y · appointed 2000-01-01 · resigned 2005-04-01
Resigned
GARNER, Lorraine→
director · ~71y · appointed 1997-04-14 · resigned 2005-04-01
Resigned
GILDER, Murray→
director · ~48y · appointed 2010-05-14 · resigned 2015-09-04
Resigned

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

Mortgages & charges

25
Total charges
0
Outstanding
0
Active lenders
Status:Lender:25 of 25 shown
TypeProperties
satisfied
Ing Bank N.V., London Branch (As Security Agent)
A registered charge—14/10/202121/04/2022
satisfied
Ing Bank N.V., London Branch
A registered charge—20/08/202121/04/2022
satisfied
Ing Bank N.V., London Branch as the Security Agent
A registered charge—14/12/201821/04/2022
satisfied
Ing Bank N.V., London Branch as the Security Agent
A registered charge—14/12/201821/04/2022
satisfied
Ing Bank N.V., London Branch (As Security Agent)
A registered charge—10/11/201721/04/2022
satisfied
Ing Bank N.V., London Branch (As Security Agent)
A registered charge—10/11/201721/04/2022
satisfied
Ing Bank N.V., London Branch (As Security)
A registered charge—10/11/201721/04/2022
satisfied
Ing Bank N.V., London Branch (As Security Agent)
A registered charge—10/11/201721/04/2022
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal mortgage1 property10/02/200917/09/2015
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal mortgage1 property10/02/200917/09/2015
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Standard security1 property24/12/200825/04/2014
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal mortgage1 property12/12/200817/09/2015
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal mortgage1 property12/12/200817/09/2015
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Legal mortgage1 property12/12/200817/09/2015
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Debenture1 property12/12/200826/04/2014
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property10/12/200825/04/2014
satisfied
Robert Norman Milton & James Michael Cripps
Floating charge1 property18/12/198725/06/1990
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property07/02/198628/06/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property07/09/198424/01/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property28/08/198428/06/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property07/10/198328/06/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property21/07/198228/06/2003
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property01/10/198126/10/1982
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property05/02/198126/10/1982
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property05/02/198124/01/1995

Recent filings (283 total)

accounts-with-accounts-type-small
accounts · AA
2025-09-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-23
accounts-with-accounts-type-small
accounts · AA
2024-08-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-12
accounts-with-accounts-type-small
accounts · AA
2024-05-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-27
accounts-with-accounts-type-small
accounts · AA
2023-03-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-12-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-14
termination-director-company-with-name-termination-date
officers · TM01
2022-07-19
appoint-person-director-company-with-name-date
officers · AP01
2022-07-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-28
accounts-with-accounts-type-small
accounts · AA
2022-06-06
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-21