PIPEMORE (SCOTLAND) LIMITED
🌳Matureactive
SC114831 · ltd · incorporated 1988-11-30
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 13.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
1 live charge · oldest 13.2y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 13.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (77/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
83 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
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 · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Average employees | 700 | 700 |
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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
- 2025-08-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-08📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2016-10-05📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-06-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-10-04📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-07-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-09-25📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-06-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-02-20🔒Charge registered #1Lender: Rbs Invoice Finance Limited
- 1997-01-01➖JACKSON, Derek resigneddirector
- 1994-01-01➖PICKERING, Stephen Francis resigneddirector
- 1990-04-27➖SWIFT INCORPORATIONS LIMITED resignedcorporate-nominee-secretary
- 1990-04-27➖INSTANT COMPANIES LIMITED resignedcorporate-nominee-director
- 1988-11-30🏢Company incorporatedAs PIPEMORE (SCOTLAND) LIMITED
- 1988-11-30➕SWIFT INCORPORATIONS LIMITED appointedcorporate-nominee-secretary
- 1988-11-30➕INSTANT COMPANIES LIMITED appointedcorporate-nominee-director
Owner dependency
81/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 70 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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 Peter Richard Smedley Individual · British · DOB 04/1956 · age 70 | 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.
Similar companies
Active · Wholesale & distribution · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| INDEPENDENT SECURITY SUPPLIES (GLASGOW) LTD→ SC392828 · est 2011 · no financials extracted | — | — | — | — | 15y | — | — |
| KINSALE SPIRIT COMPANY (UK) LIMITED→ SC855983 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| NATURECOCO UK LIMITED→ SC884287 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| POPLAR BUILDING & DRAINAGE SUPPLIES LTD→ SC367284 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| POPPYFLOW LTD→ SC862792 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PROTOOL ENGINEERING SUPPLIES LTD→ SC615671 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| PROVISCO LIMITED→ SC855010 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| R. & M. DISTRIBUTION LIMITED→ SC099757 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| RACHEL GEORGE FURNITURE LTD→ SC845347 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| RAITH FRUIT & FLOWERS LIMITED→ SC335927 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
| RAMZAN FOOD STORE LOWER METHIL LIMITED→ SC584128 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| RANDOLPH INVESTMENTS LIMITED→ SC867401 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1988-11-30
Jurisdictionscotland
Primary SIC46740 — SIC 46740
Registered office
Kiloran
5 Reid Avenue
Crossgates Nr Dunfermline
Fife
KY4 8BA
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09
Officers (3 active · 4 resigned)
Active
Active
Active
SWIFT INCORPORATIONS LIMITED→
Resignedcorporate-nominee-secretary · appointed 1988-11-30 · resigned 1990-04-27
JACKSON, Derek→
Resigneddirector · ~91y · resigned 1997-01-01
PICKERING, Stephen Francis→
Resigneddirector · ~72y · resigned 1994-01-01
INSTANT COMPANIES LIMITED→
Resignedcorporate-nominee-director · appointed 1988-11-30 · resigned 1990-04-27
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 20/02/2013 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (83 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-02