CARTMORE BUILDING SUPPLY COMPANY LIMITED

📉Decliningactive

SC100217 · ltd · incorporated 1986-07-24

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.

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

🔒Estimated value

—

Upgrade to see

Turnover

£15.97M

year to Oct 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other specialised construction activities n.e.c.

Sector: Construction

Investor take

Pursue

Conservative operator with a 78-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 39.4y

70/100

ready

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

· Oldest live charge is 39.4 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (83/100)

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

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

9 officers (6 active, 9 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

117 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

83/100Exceptional

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

Profitable

Profit before tax £35,091

Revenue decline

Turnover down 14% YoY

Turnover YoY

-14%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31
Turnover	£15.97M	£18.61M
Gross profit	£2.75M	£3.00M
Operating profit	£62.4k	£475.2k
Profit before tax	£35.1k	£455.9k
Average employees	2900	2900

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

🔒Filing-note intelligence

3 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

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2025-05-05
📄
accounts-with-accounts-type-full
accounts · AA
2024-04-03
📄
accounts-with-accounts-type-full
accounts · AA
2023-03-31
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-03-01
➖
PURVIS, Isobel Forsyth resigned
director
2021-05-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-04-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-21
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-04-15
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2019-05-08
📄
memorandum-articles
incorporation · MA
2019-04-08
📄
capital-name-of-class-of-shares
capital · SH08
2019-04-08
📄
resolution
resolution · RESOLUTIONS
2019-04-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-06
➕
FAIRLEY, John Archibald appointed
director
2018-04-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2018-04-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-05-27
📄
mortgage-satisfy-charge-full
mortgage · MR04
2017-05-27
🔓
Charge satisfied #1
2013-04-01
➕
PURVIS, Craig Robert appointed
director
2006-04-06
➕
PURVIS, Isobel Forsyth appointed
director
2006-03-01
➕
WARDROPE, John appointed
director
2000-11-30
➖
MUIR, Peter resigned
director
2000-07-04
➖
DUNCAN, John Coleman resigned
director
2000-01-10
➕
DUNCAN, John Coleman appointed
director
1998-11-19
➕
MUIR, Peter appointed
director
1986-11-28
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1986-07-24
🏢
Company incorporated
As CARTMORE BUILDING SUPPLY COMPANY 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 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 40 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

clean

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Robert Purvis Individual · British · DOB 07/1948 · age 78	75–100%	—	75-100% shares	06/04/2016

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 · Construction · KY postcode area

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BOMAD HOLDINGS LIMITED→ SC535388 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
BRIAN LINDSAY JOINER & BUILDER LIMITED→ SC399900 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
BROOMHEAD LTD→ SC815814 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
C-FENCING LTD→ SC868458 · est 2025 · no financials extracted	—	—	—	—	—	—	—
CARMICHAEL AND BAXTER GROUNDWORKS LIMITED→ SC393973 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
CBAC DEVELOPMENTS LIMITED→ SC419931 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
CHAPMAN LIFTING SERVICES LIMITED→ SC766544 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
CHARLES BUCHANAN (ROUGHCASTERS) LIMITED→ SC233396 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
CHAS G ANDERSON LTD→ SC422152 · est 2012 · no financials extracted	—	—	—	—	13y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1986-07-24

Jurisdictionscotland

Primary SIC43999 — Other specialised construction activities n.e.c.

Registered office

New Thistle House

The Avenue

Lochgelly

KY5 9HG

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-07-06

Last: 2025-06-22