IG GLASS GROUP LIMITED

🌳Matureactive

SC098991 · ltd · incorporated 1986-05-12

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 65/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 37.6y

40/100

too messy

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

· Oldest live charge is 37.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 38/100 — workable, but lender will want more DD.
· Not currently profitable — coverage conversation is a harder sell.

Data confidence

Overall: medium (74/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

18 officers (6 active, 18 linked, 15 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

8 connected companies via shared directors

Filing history

171 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Loss-making

Loss before tax £450,000

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-09-30
Profit before tax	£-450.0k

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

🔒Filing-note intelligence

4 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

filings

• 2 officers

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 3 officers
• 1 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2026-04-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-06
➕
DEVINE, James Love appointed
director
2026-04-06
➕
DEVINE, John appointed
director
2025-12-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-03
➖
HARAN, Sarah resigned
director
2025-10-01
➕
HANDLEY, Kevin Christopher appointed
secretary
2025-10-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-10-01
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2025-09-30
➖
HEGGIE, Robert James resigned
secretary
2025-05-27
📄
accounts-with-accounts-type-group
accounts · AA
2024-06-06
📄
accounts-with-accounts-type-group
accounts · AA
2024-03-21
📄
memorandum-articles
incorporation · MA
2024-03-20
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2024-03-11
📄
resolution
resolution · RESOLUTIONS
2024-02-20
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-02-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-16
➖
HARAN, John William resigned
director
2023-11-01
📄
capital-sale-or-transfer-treasury-shares-with-date-currency-capital-figure
capital · SH04
2023-10-23
📄
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2023-08-17
📄
memorandum-articles
incorporation · MA
2023-08-17
📄
resolution
resolution · RESOLUTIONS
2023-07-18
📄
memorandum-articles
incorporation · MA
2023-07-18
📄
resolution
resolution · RESOLUTIONS
2023-05-05
📄
accounts-with-accounts-type-group
accounts · AA
2023-02-17
📄
resolution
resolution · RESOLUTIONS
2018-02-14
➖
MCBRIDE, William Anthony Marco resigned
director
2017-12-20
🔒
Charge registered #4
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
2015-05-01
➕
HEGGIE, Robert James appointed
secretary
2015-03-31
➖
FINLAYSON, Ian Kerr resigned
secretary
2007-06-28
➖
FINLAYSON, Ian Kerr resigned
director
2006-12-08
➖
MCLEAN, James Duncan resigned
director
2005-08-31
➖
CARD, Geoffrey Charles resigned
director
2004-12-17
➖
BALDWIN, Geoffrey Paul resigned
director
2001-04-01
➕
CARD, Geoffrey Charles appointed
director
2001-04-01
➕
MCBRIDE, William Anthony Marco appointed
director
2001-04-01
➕
MCLEAN, James Duncan appointed
director
2000-08-15
➖
THOMSON, Walter Ferguson resigned
director
1999-12-17
➖
ALSTON, Hugh Mitchell resigned
director
1999-09-10
➖
MCLEOD, Ian Fraser resigned
director
1995-04-27
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
1994-10-21
➕
HARAN, Lindsay Elizabeth Mary appointed
director
1992-06-25
➕
HARAN, John Fraser appointed
director
1991-01-22
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1989-04-03
➕
DEVINE, John appointed
director
1988-10-13
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1986-05-12
🏢
Company incorporated
As IG GLASS GROUP LIMITED

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

primaryFamily succession underway: Not a takeover target — DEVINE, James Love (same surname) appointed 2026-04-06. Pattern consistent with intra-family handover.
primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
primary20+ year tenure: Director in role 37 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

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HEGGIE, Robert James resigned 2025-09-30; HARAN, Sarah resigned 2025-12-03

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr John Fraser Haran Individual · British · DOB 08/1964 · age 62	25–50%	25–50%	25-50% shares · 25-50% voting · trust interest	06/04/2016
Ms Lindsay Elizabeth Mary Haran Individual · British · DOB 11/1967 · age 59	25–50%	25–50%	25-50% shares · 25-50% voting · trust interest	06/04/2016

2 historic (ceased) PSCs

Mrs Sarah Haranceased 03/12/2025· 25-50% shares · 25-50% voting · trust interest
Mr John William Haranceased 16/11/2023· 25-50% shares · 25-50% voting · trust 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 →

Similar companies

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INFRASTRUCTURE NATION LIMITED→ SC579996 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
INITIATIVE1 LTD→ SC880403 · est 2026 · no financials extracted	—	—	—	—	—	—	—
INJURY CLAIMS SCOTLAND LTD→ SC438343 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
INNBRIDGE HOSPITALITY LTD→ SC855766 · est 2025 · no financials extracted	—	—	—	—	—	—	—
INNOVATION BUSINESS LIMITED→ SC389338 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
INSUR TECH LABS LTD→ SC631888 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
INTEGRO DESIGN ENGINEERING ASSOCIATES LTD→ SC666395 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
IP100 LTD→ SC589489 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
IQBALUDDIN&CO LTD→ SC593384 · est 2018 · no financials extracted	—	—	—	—	8y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated1986-05-12

Jurisdictionscotland

Primary SIC70100 — Activities of head offices

Registered office

Quay House

Quay Road North

Rutherglen

Glasgow

G73 1LD

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-10-25

Last: 2025-10-11