STRATH-AIR LIMITED

🌳Matureactive
SC086972 · ltd · incorporated 1984-03-06
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
—
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Turnover
—
year to Mar 2025
Net worth
£192.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 35300
Sector: Electricity, gas & energy
ALSO REGISTERED FOR
  • 43220Plumbing, heat and air-conditioning installation
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -32% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 39.8y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 39.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

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, 2 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
11 officers (3 active, 11 linked, 7 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
111 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 · FRS 102
Positive net assets
Net assets £192,831
Cash YoY
-32%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£141k
↓ 32% YoY
Net Worth
£193k
↑ 8.7% YoY
Current Assets
£153k
↓ 32% YoY
Current Liabilities
—
£0£45k£89k£134k£179k£223kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£192.8k£177.4k
Current assets£152.7k£223.2k
Cash£140.5k£206.6k
Debtors£12.2k£16.6k
Net assets£192.8k£177.4k

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
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-05-04
    ➕
    THOMSON, David Ian appointed
    director
  5. 2024-01-03
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2016-12-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-09-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-07-07
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-12-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2002-12-31
    ➕
    THOMSON, Marjory appointed
    secretary
  17. 2002-12-31
    ➖
    THOMSON, Ian resigned
    secretary
  18. 2002-12-31
    ➖
    ROBERTSON, Laurence resigned
    director
  19. 2000-12-22
    ➖
    ROBERTSON, Laurence resigned
    secretary
  20. 2000-12-22
    ➕
    THOMSON, Ian appointed
    secretary
  21. 2000-03-31
    ➕
    THOMSON, Ian Melville appointed
    director
  22. 2000-03-31
    ➕
    ROBERTSON, Laurence appointed
    secretary
  23. 2000-03-31
    ➖
    THOMSON, Thelma Margaret resigned
    secretary
  24. 2000-03-31
    ➕
    ROBERTSON, Laurence appointed
    director
  25. 2000-03-31
    ➖
    THOMSON, Thelma Margaret resigned
    director
  26. 2000-03-31
    ➖
    THOMSON, William resigned
    director
  27. 1999-01-31
    ➖
    DUNN, Christopher Robert resigned
    director
  28. 1997-10-31
    ➖
    DI GIACOMO, Paul Carmine resigned
    director
  29. 1989-04-03
    ➕
    DI GIACOMO, Paul Carmine appointed
    director
  30. 1989-04-03
    ➕
    DUNN, Christopher Robert appointed
    director
  31. 1986-08-06
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  32. 1984-03-06
    🏢
    Company incorporated
    As STRATH-AIR 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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — THOMSON, David Ian (same surname) appointed 2024-05-04. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Ian Melville Thomson
Individual · British · DOB 09/1959 · age 67
25–50%
—25-50% shares06/04/2016
Mrs Marjory Thomson
Individual · British · DOB 05/1955 · age 71
25–50%
—25-50% shares06/04/2016
Mr David Ian Thomson
Individual · British · DOB 05/1984 · age 42
——sig. influencesignificant influence06/04/2016

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

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
Incorporated1984-03-06
Jurisdictionscotland
Primary SIC35300 — SIC 35300

Registered office

Unit 22 Parkburn Court
Parkburn Industrial Estate
Hamilton
Lanarkshire
ML3 0QQ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (3 active · 8 resigned)

THOMSON, Marjory→
secretary · appointed 2002-12-31
View their other companies + combined net worth →
Active
THOMSON, David Ian→
director · ~42y · appointed 2024-05-04
View their other companies + combined net worth →
Active
THOMSON, Ian Melville→
director · ~67y · appointed 2000-03-31
View their other companies + combined net worth →
Active
ROBERTSON, Laurence→
secretary · appointed 2000-03-31 · resigned 2000-12-22
Resigned
THOMSON, Ian→
secretary · appointed 2000-12-22 · resigned 2002-12-31
Resigned
THOMSON, Thelma Margaret→
secretary · resigned 2000-03-31
Resigned
DI GIACOMO, Paul Carmine→
director · ~73y · appointed 1989-04-03 · resigned 1997-10-31
Resigned
DUNN, Christopher Robert→
director · ~87y · appointed 1989-04-03 · resigned 1999-01-31
Resigned
ROBERTSON, Laurence→
director · ~78y · appointed 2000-03-31 · resigned 2002-12-31
Resigned
THOMSON, Thelma Margaret→
director · ~89y · resigned 2000-03-31
Resigned
THOMSON, William→
director · ~93y · resigned 2000-03-31
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
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/08/1986—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (111 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-11
appoint-person-director-company-with-name-date
officers · AP01
2024-05-07
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-09-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-18