COEVAL LIMITED
📉Decliningactive
SC103497 · ltd · incorporated 1987-03-04
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
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: SIC 26400
Sector: Manufacturing
ALSO REGISTERED FOR
- 30990SIC 30990
- 82990Other business support service activities n.e.c.
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
9 live charges · 5 lenders · oldest 35.9y
25/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 35.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Not currently profitable — coverage conversation is a harder sell.
Data confidence
Overall: high (81/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 9 with DOB)
86
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
182 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredLoss-making
Loss before tax £275,849
Slipped into loss
Moved from profit to loss this year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Gross profit | £730.8k | £1.17M |
| Profit before tax | £-275.8k | £52.8k |
| Average employees | 800 | 1100 |
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
0
filings
Last 90 days
1
filing
- • 1 address
Last 180 days
2
filings
- • 1 address
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
- 2026-03-18📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-12-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-16📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-16🔓Charge satisfied #9
- 2025-05-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2025-05-13📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-04-08📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2025-04-01📄memorandum-articlesincorporation · MA
- 2025-04-01📄resolutionresolution · RESOLUTIONS
- 2025-02-14📄change-person-director-company-with-change-dateofficers · CH01
- 2025-02-13➕HATCHER, Scott Jamie appointeddirector
- 2025-02-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-01-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-06➖HIGGINS, Gary resigneddirector
- 2024-09-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-15📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-07-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-07-11🔒Charge registered #9Lender: Finbiz Funding Limited
- 2023-12-20📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-08-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-12-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-08-09➕COLLEY, Richard Gwyn appointeddirector
- 2021-08-09➕QUINEY, Graham appointeddirector
- 2020-07-07🔒Charge registered #8Lender: Barclays Security Trustee Limited
- 2019-08-21🔓Charge satisfied #6
- 2019-06-12🔒Charge registered #7Lender: Barclays Bank PLC
- 2019-01-28🔓Charge satisfied #5
- 2019-01-10🔒Charge registered #6Lender: Bibby Financial Services Limited
- 2018-05-29🔒Charge registered #5Lender: Barclays Security Trustee Limited
- 2018-05-04➖COLLEY, Richard Gwyn resigneddirector
- 2017-05-10➖THOMSON, Allan resignedsecretary
- 2017-05-10➕COLLEY, Richard Gwyn appointeddirector
- 2017-05-10➖QUINEY, Graham resigneddirector
- 2017-05-05➕HIGGINS, Gary appointeddirector
- 2014-01-13➕THOMSON, Allan appointedsecretary
- 2014-01-13➖LINDSAYS resignedcorporate-secretary
- 2013-11-19🔓Charge satisfied #1
- 2013-11-18➖BELL, Gordon resigneddirector
- 2013-11-18➕QUINEY, Graham appointeddirector
- 2013-11-18➖SHARP, Nicholas Antony resigneddirector
- 2004-09-17➕BELL, Gordon appointeddirector
- 2001-08-31➖RITCHIE, Alastair Crawford resigneddirector
- 1998-10-27🔓Charge satisfied #3
- 1994-04-21🔓Charge satisfied #4
- 1993-11-18🔓Charge satisfied #2
- 1993-10-18🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
Showing most recent 50 of 55 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 77 — succession pressure is live.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
Red flags
1 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Multiple registered office changes
lowMultiple address changes in a short period can indicate operational instability or admin disorder.
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️ultimate parent
Qas Associates Limited
Corporate parent · holds 75-100% shares
🏛️
Coeval Holdings Ltd
Corporate parent · board control
⬇
COEVAL LIMITED
This company · SC103497
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Qas Associates Limited Corporate entity | 75–100% | — | 75-100% shares | 03/03/2020 |
Coeval Holdings Ltd Corporate entity | — | 75–100% | board control75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mrs Michelle Thompsonceased 08/08/2024· significant influence
- Mr Gary Higginsceased 04/02/2025· significant influence
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| DEACON BROTHERS (PRINTERS) LIMITED→ SC029829 · est 1954 · no financials extracted | — | — | — | — | 72y | — | — |
| DIVERSE SIGNS LIMITED→ SC341555 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| DMG FLOORCARE LTD→ SC351715 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| EARGEAR LTD→ SC696091 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| EARLUG LIMITED→ SC476544 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| EK WINDOWS AND DOORS LTD→ SC845345 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| ELANSU LTD→ SC703030 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ELEVATED DESIGN LTD→ SC313669 · est 2006 · no financials extracted | — | — | — | — | 19y | — | — |
| ELIMATT CONSTRUCTION LTD→ SC749797 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| EMBRAND LTD→ SC868011 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ENSIGN MOTIFS LIMITED→ SC194554 · est 1999 · no financials extracted | — | — | — | — | 27y | — | — |
| ENSOVI LTD→ SC881666 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1987-03-04
Jurisdictionscotland
Primary SIC26400 — SIC 26400
Registered office
Clyde Offices 2nd Floor
48 West George Street
Glasgow
G2 1BP
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30
Officers (3 active · 8 resigned)
COLLEY, Richard Gwyn→
Activedirector · ~70y · appointed 2021-08-09
View their other companies + combined net worth →
HATCHER, Scott Jamie→
Activedirector · ~32y · appointed 2025-02-13
View their other companies + combined net worth →
QUINEY, Graham→
Activedirector · ~77y · appointed 2021-08-09
View their other companies + combined net worth →
THOMSON, Allan→
Resignedsecretary · appointed 2014-01-13 · resigned 2017-05-10
LINDSAYS→
Resignedcorporate-secretary · appointed 1988-12-22 · resigned 2014-01-13
BELL, Gordon→
Resigneddirector · ~60y · appointed 2004-09-17 · resigned 2013-11-18
COLLEY, Richard Gwyn→
Resigneddirector · ~70y · appointed 2017-05-10 · resigned 2018-05-04
HIGGINS, Gary→
Resigneddirector · ~65y · appointed 2017-05-05 · resigned 2025-01-06
QUINEY, Graham→
Resigneddirector · ~77y · appointed 2013-11-18 · resigned 2017-05-10
RITCHIE, Alastair Crawford→
Resigneddirector · ~66y · resigned 2001-08-31
SHARP, Nicholas Antony→
Resigneddirector · ~66y · resigned 2013-11-18
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
2
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Finbiz Funding Finbiz Funding Limited | A registered charge | 1 property | 11/07/2024 | 16/05/2025 | |
| outstanding | Barclays Barclays Security Trustee Limited | A registered charge | — | 07/07/2020 | — | |
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 12/06/2019 | — | |
| satisfied | Bibby Financial Services Bibby Financial Services Limited | A registered charge | — | 10/01/2019 | 21/08/2019 | |
| satisfied | Barclays Barclays Security Trustee Limited | A registered charge | — | 29/05/2018 | 28/01/2019 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 18/10/1993 | 21/04/1994 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/11/1991 | 27/10/1998 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 22/06/1990 | 18/11/1993 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 12/06/1990 | 19/11/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (182 total)
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-05-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-13
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-person-director-company-with-change-date
officers · CH01
2025-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-05-09
capital-variation-of-rights-attached-to-shares
capital · SH10
2025-04-08
memorandum-articles
incorporation · MA
2025-04-01
resolution
resolution · RESOLUTIONS
2025-04-01
change-person-director-company-with-change-date
officers · CH01
2025-02-14
appoint-person-director-company-with-name-date
officers · AP01
2025-02-13