INSULAM LIMITED

🌳Matureactive

SC106668 · ltd · incorporated 1987-09-14

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.

Why now

Window steady · low confidence

Steady and tidy — no seller pressure yet. Approach only if an angle opens.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 38.7y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2025

Net worth

£333.2k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 22210

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

2 live charges · oldest 38.7y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 38.7 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

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

Directors & officers

4 officers (3 active, 4 linked, 3 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

99 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 · accounting standard not declared

Positive net assets

Net assets £333,189

Net assets shrinking

Down £799 YoY

Cash YoY

+4%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£175k

↑ 3.6% YoY

Net Worth

£333k

~ YoY

Current Assets

£273k

↑ 1.2% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-10-31	2024-10-31
Total assets	£333.8k	£337.9k
Current assets	£273.2k	£269.9k
Cash	£174.9k	£168.8k
Debtors	£60.0k	£57.1k
Net assets	£333.2k	£334.0k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (20 events)Click to expand

2026-03-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-06-24
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-18
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-03-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-03-22
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-04-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-12-23
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-03-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-12-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-03-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2009-06-05
🔓
Charge satisfied #2
1999-09-13
➖
BOYLE, Alexander resigned
director
1993-05-24
🔒
Charge registered #2
Lender: The Governor and Company of the Bank of Scotland
1987-11-12
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
1987-09-14
🏢
Company incorporated
As INSULAM LIMITED

Owner dependency

66/100

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.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

66/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 39 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

Name	Shares	Voting rights	Nature of control	Notified
Mr David Cullen Individual · British · DOB 08/1965 · age 61	25–50%	—	25-50% shares	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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LINN PRODUCTS LIMITED→ SC052366 · est 1973	£7.07M £5.50M–£8.65M	—	—	170	53y	85	80y
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PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005	£4.66M £3.63M–£5.70M	£24.98M	—	15700	20y	84	70y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	26y	87	70y
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SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£2.93M £2.28M–£3.59M	—	—	27	40y	85	65y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated1987-09-14

Jurisdictionscotland

Primary SIC22210 — SIC 22210

Registered office

33 Fairfield Place

West Mains

East Kilbride

G74 5LP

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-11-24

Last: 2025-11-10

Officers (3 active · 1 resigned)

CULLEN, David→

secretary

View their other companies + combined net worth →

Active

CULLEN, David→

director · ~61y

View their other companies + combined net worth →

Active

DICKSON, Ian→

director · ~64y

View their other companies + combined net worth →

Active

BOYLE, Alexander→

director · ~74y · resigned 1999-09-13

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Standard security	1 property	24/05/1993	05/06/2009
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	12/11/1987	—

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