REEL SERVICE LIMITED

🌳Matureactive
SC101979 · ltd · incorporated 1986-11-21
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 Dec 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 27900
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 65). 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 (45/100).

🏦

Refinance opportunity

13 live charges · 7 lenders · oldest 39.0y

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 39.0 years old — likely at or near maturity.
  • · 7 lenders named — inter-creditor friction likely.
  • · Legal-friction score 53/100 (high).

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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
30 officers (3 active, 30 linked, 21 with DOB)
84
Ownership & PSC
0 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
211 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.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Average employees59006100

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (99 events)Click to expand
  1. 2026-02-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-09-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-09-22
    🔒
    Charge registered #26
    Lender: Bank of Scotland PLC
  4. 2025-05-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2024-05-09
    📄
    accounts-with-accounts-type-small
    accounts · AA
  6. 2024-03-28
    ➖
    NG, Angelia Kah Wah resigned
    director
  7. 2024-03-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-02-19
    ➕
    NG, Yew Nam appointed
    director
  9. 2024-02-19
    ➖
    MAN SUI, Chong resigned
    director
  10. 2024-02-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2024-02-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-10-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-10-13
    ➖
    KOH, Kok Keong resigned
    director
  14. 2023-10-13
    ➕
    NG, Angelia Kah Wah appointed
    director
  15. 2023-10-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-07-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2023-07-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2023-07-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2023-05-30
    ➕
    SMITH, Gary Bell appointed
    secretary
  20. 2023-05-30
    ➖
    EQ ACCOUNTANTS LLP resigned
    corporate-secretary
  21. 2022-12-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2021-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2021-12-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2021-12-01
    ➖
    LIM BOON LIAT, Timothy resigned
    director
  25. 2021-12-01
    ➕
    MAN SUI, Chong appointed
    director
  26. 2021-09-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2021-08-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2021-08-30
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  29. 2021-08-30
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  30. 2021-07-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  31. 2021-07-01
    ➕
    EQ ACCOUNTANTS LLP appointed
    corporate-secretary
  32. 2021-06-30
    ➖
    ROLLOS LAW LLP resigned
    corporate-secretary
  33. 2021-06-24
    ➕
    KOH, Kok Keong appointed
    director
  34. 2021-05-15
    ➖
    LOH SIN HOCK, Anthony resigned
    director
  35. 2018-02-28
    ➖
    CHEE, Kim Huei resigned
    director
  36. 2017-10-01
    ➕
    LOH SIN HOCK, Anthony appointed
    director
  37. 2015-08-31
    ➖
    SIMPSON, John Charles resigned
    director
  38. 2015-08-03
    ➕
    SMITH, Gary Bell appointed
    director
  39. 2014-05-01
    ➕
    CHEE, Kim Huei appointed
    director
  40. 2014-05-01
    ➕
    LIM BOON LIAT, Timothy appointed
    director
  41. 2014-04-30
    ➖
    KIONG, Woo Kwek resigned
    director
  42. 2013-06-30
    ➖
    SIANG, Charles Cher Lew resigned
    director
  43. 2013-01-01
    ➖
    ROLLO DAVIDSON MCFARLANE resigned
    corporate-secretary
  44. 2013-01-01
    ➕
    ROLLOS LAW LLP appointed
    corporate-secretary
  45. 2009-08-20
    ➖
    MILLER, John King resigned
    secretary
  46. 2009-08-20
    ➕
    ROLLO DAVIDSON MCFARLANE appointed
    corporate-secretary
  47. 2009-08-20
    ➕
    ROLLO DAVIDSON MCFARLANE appointed
    corporate-director
  48. 2009-08-20
    ➖
    ROLLO DAVIDSON MCFARLANE resigned
    corporate-director
  49. 2006-03-27
    🔓
    Charge satisfied #24
  50. 2006-03-10
    🔓
    Charge satisfied #25
Showing most recent 50 of 99 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 65 — succession pressure is live.

Succession & seller-readiness

61/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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.

🔒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
Incorporated1986-11-21
Jurisdictionscotland
Primary SIC27900 — SIC 27900

Registered office

55 Nasmyth Road
Southfield Industrial Estate
Glenrothes
Fife
KY6 2SD

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-30
Last: 2025-10-16

Officers (3 active · 27 resigned)

SMITH, Gary Bell→
secretary · appointed 2023-05-30
View their other companies + combined net worth →
Active
NG, Yew Nam→
director · ~57y · appointed 2024-02-19
View their other companies + combined net worth →
Active
SMITH, Gary Bell→
director · ~65y · appointed 2015-08-03
View their other companies + combined net worth →
Active
EVANS, Michael Niven→
secretary · appointed 1998-12-21 · resigned 2000-02-04
Resigned
MILLER, John King→
secretary · appointed 2000-02-04 · resigned 2009-08-20
Resigned
STEWART, Ian Baillie→
secretary · appointed 1990-02-14 · resigned 1998-12-21
Resigned
THOMSON, Catherine Carananos→
secretary · resigned 1990-02-14
Resigned
EQ ACCOUNTANTS LLP→
corporate-secretary · appointed 2021-07-01 · resigned 2023-05-30
Resigned
ROLLO DAVIDSON MCFARLANE→
corporate-secretary · appointed 2009-08-20 · resigned 2013-01-01
Resigned
ROLLOS LAW LLP→
corporate-secretary · appointed 2013-01-01 · resigned 2021-06-30
Resigned
AU, Sai Chuen→
director · ~72y · appointed 2002-08-15 · resigned 2005-04-08
Resigned
BURTON, James Patrick→
director · ~60y · appointed 1997-03-01 · resigned 1997-10-31
Resigned
CHEE, Kim Huei→
director · ~56y · appointed 2014-05-01 · resigned 2018-02-28
Resigned
HAIR, James→
director · ~72y · appointed 1997-03-01 · resigned 1998-09-11
Resigned
KIONG, Woo Kwek→
director · ~58y · appointed 2000-07-03 · resigned 2014-04-30
Resigned
KOH, Kok Keong→
director · ~53y · appointed 2021-06-24 · resigned 2023-10-13
Resigned
LIM BOON LIAT, Timothy→
director · ~61y · appointed 2014-05-01 · resigned 2021-12-01
Resigned
LOH SIN HOCK, Anthony→
director · ~56y · appointed 2017-10-01 · resigned 2021-05-15
Resigned
MAN SUI, Chong→
director · ~69y · appointed 2021-12-01 · resigned 2024-02-19
Resigned
MCGRATTAN, Evelyn→
director · ~76y · resigned 1995-05-31
Resigned

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

Mortgages & charges

13
Total charges
1
Outstanding
1
Active lenders
Status:Lender:13 of 13 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—22/09/2025—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property30/10/199810/03/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property08/10/199827/03/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property02/02/199823/10/1998
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/12/199723/10/1998
satisfied
Royal Bank Invoice Finance
Royal Bank Invoice Finance Limited
Floating charge1 property08/12/199712/11/1998
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/12/199723/10/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property06/09/199603/02/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/12/199518/12/1997
satisfied
The Fife Regional Council
Floating charge1 property09/01/199129/01/1993
satisfied
British Coal Enterprise
British Coal Enterprise LTD
Bond & floating charge1 property13/05/198811/01/1991
satisfied
Scottish Development Agency
Floating charge1 property13/05/198825/01/1991
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property13/04/198723/12/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (211 total)

accounts-with-accounts-type-small
accounts · AA
2026-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-17
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-22
accounts-with-accounts-type-small
accounts · AA
2025-05-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-21
accounts-with-accounts-type-small
accounts · AA
2024-05-09
termination-director-company-with-name-termination-date
officers · TM01
2024-03-28
appoint-person-director-company-with-name-date
officers · AP01
2024-02-19
termination-director-company-with-name-termination-date
officers · TM01
2024-02-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-19
appoint-person-director-company-with-name-date
officers · AP01
2023-10-18
termination-director-company-with-name-termination-date
officers · TM01
2023-10-13
accounts-with-accounts-type-full
accounts · AA
2023-07-31
appoint-person-secretary-company-with-name-date
officers · AP03
2023-07-21
termination-secretary-company-with-name-termination-date
officers · TM02
2023-07-21