GRAY & ADAMS (DUNFERMLINE) LIMITED

📈Growthactive
SC082971 · ltd · incorporated 1983-05-04
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 29202
Sector: Manufacturing
Investor take
Pursue
Conservative operator with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

1 live charge · oldest 11.4y

95/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 20/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
15 officers (5 active, 15 linked, 10 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
80/100Exceptional
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
75
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 · FRS 102
Profitable
Profit before tax £4,216,061

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-022024-04-26
Profit before tax£4.22M£2.32M
Average employees1068700

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2025-12-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-12-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-12-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-06-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-05-12
    ➕
    POTTER, Geoffrey Wilson appointed
    director
  6. 2023-05-12
    ➖
    MORRICE, Calvin Dick resigned
    director
  7. 2023-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-05-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-01-10
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-10-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-10-14
    ➕
    SUTHERLAND, Andrew appointed
    director
  12. 2022-06-14
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2022-06-14
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2022-05-31
    ➕
    SUTHERLAND, Andrew appointed
    secretary
  15. 2022-05-14
    ➖
    SMITH, John resigned
    secretary
  16. 2022-05-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-05-09
    ➖
    GRANT, Mark Alexander resigned
    director
  18. 2021-12-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2020-12-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2019-12-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2018-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2018-01-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2015-04-01
    ➖
    GRAY, Lewis Beedie resigned
    director
  24. 2014-12-03
    🔒
    Charge registered #1
    Lender: The Fife Council
  25. 2013-08-12
    ➕
    GRANT, Mark Alexander appointed
    director
  26. 2013-04-30
    ➖
    MITCHELL, Paul Watt resigned
    secretary
  27. 2013-04-30
    ➕
    SMITH, John appointed
    secretary
  28. 2011-11-16
    ➕
    MITCHELL, Paul Watt appointed
    secretary
  29. 2011-11-16
    ➖
    SMITH, Derek resigned
    secretary
  30. 2010-03-15
    ➕
    SMITH, Derek appointed
    secretary
  31. 2010-03-15
    ➖
    WATT, James Lawrence resigned
    secretary
  32. 2005-05-02
    ➕
    MORRICE, Calvin Dick appointed
    director
  33. 2004-09-30
    ➖
    SMITH, Robert Copeland resigned
    director
  34. 2002-05-31
    ➖
    GRAY, James resigned
    director
  35. 1999-08-05
    ➖
    ADAMS, James Gunn resigned
    director
  36. 1983-05-04
    🏢
    Company incorporated
    As GRAY & ADAMS (DUNFERMLINE) LIMITED

Owner dependency

70/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "GRAY" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Gray & Adams Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Gray & Adams Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
GRAY & ADAMS (DUNFERMLINE) LIMITED
This company · SC082971

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
Gray & Adams Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016

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 →

Similar companies

Active · Manufacturing · AB postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
GRAY & ADAMS LIMITED→
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£75.13M
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——50256y8771y
GRAY & ADAMS GROUP LIMITED→
SC230241 · est 2002
£53.82M
£41.86M–£65.78M
——024y8571y
GRAY & ADAMS (DONCASTER) LIMITED→
SC128013 · est 1990
£16.62M
£12.93M–£20.32M
——10135y8771y
INTERWELL LIMITED→
SC391140 · est 2011
£10.98M
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£33.44M—780015y9160y
EBLAST LIMITED→
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£8.03M
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£11.11M—740026y8857y
ROTECH SUBSEA LIMITED→
SC451221 · est 2013
£6.41M
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£17.20M—480012y8458y
DALES ENGINEERING SERVICES LIMITED→
SC107948 · est 1987
£6.22M
£4.84M–£7.60M
£21.87M—1100038y9370y
SUPERIOR ENERGY SERVICES LIMITED→
SC259694 · est 2003
£6.15M
£4.78M–£7.51M
£1.45M—150022y9460y
IMENCO UK LIMITED→
SC372021 · est 2010
£5.97M
£4.64M–£7.29M
£17.33M—1150016y9571y
VECTOR SUPPLIES LIMITED→
SC103810 · est 1987
£1.63M
£1.27M–£1.99M
——1639y8571y
SAPPI ROCKWELL SOLUTIONS LIMITED→
SC177774 · est 1997
£1.19M
£927.2k–£1.46M
——7128y8452y
EXCEED TORRIDON LIMITED→
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———5410y8465y
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
Incorporated1983-05-04
Jurisdictionscotland
Primary SIC29202 — SIC 29202

Registered office

South Road
Fraserburgh
AB43 9HU

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-05-02
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (5 active · 10 resigned)

SUTHERLAND, Andrew→
secretary · appointed 2022-05-31
View their other companies + combined net worth →
Active
GRAY, Peter→
director · ~68y
View their other companies + combined net worth →
Active
GRAY JUNIOR, James Joshua→
director · ~71y
View their other companies + combined net worth →
Active
POTTER, Geoffrey Wilson→
director · ~60y · appointed 2023-05-12
View their other companies + combined net worth →
Active
SUTHERLAND, Andrew→
director · ~40y · appointed 2022-10-14
View their other companies + combined net worth →
Active
MITCHELL, Paul Watt→
secretary · appointed 2011-11-16 · resigned 2013-04-30
Resigned
SMITH, Derek→
secretary · appointed 2010-03-15 · resigned 2011-11-16
Resigned
SMITH, John→
secretary · appointed 2013-04-30 · resigned 2022-05-14
Resigned
WATT, James Lawrence→
secretary · resigned 2010-03-15
Resigned
ADAMS, James Gunn→
director · ~95y · resigned 1999-08-05
Resigned
GRANT, Mark Alexander→
director · ~58y · appointed 2013-08-12 · resigned 2022-05-09
Resigned
GRAY, James→
director · ~92y · resigned 2002-05-31
Resigned
GRAY, Lewis Beedie→
director · ~81y · resigned 2015-04-01
Resigned
MORRICE, Calvin Dick→
director · ~58y · appointed 2005-05-02 · resigned 2023-05-12
Resigned
SMITH, Robert Copeland→
director · ~82y · resigned 2004-09-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Fife Council
A registered charge1 property03/12/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (122 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-05
accounts-with-accounts-type-full
accounts · AA
2025-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-full
accounts · AA
2024-12-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-12
accounts-with-accounts-type-full
accounts · AA
2023-12-28
change-person-director-company-with-change-date
officers · CH01
2023-06-22
termination-director-company-with-name-termination-date
officers · TM01
2023-05-12
appoint-person-director-company-with-name-date
officers · AP01
2023-05-12
accounts-with-accounts-type-full
accounts · AA
2023-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-05
appoint-person-director-company-with-name-date
officers · AP01
2022-10-24
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-14
appoint-person-secretary-company-with-name-date
officers · AP03
2022-06-14
termination-director-company-with-name-termination-date
officers · TM01
2022-05-10