MODUSPEC LTD

🌳Matureactive
SC115074 · ltd · incorporated 1988-12-12
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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 Dec 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: SIC 09100
Sector: Mining & quarrying
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 67/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 5.0y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 5.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 38/100 — workable, but lender will want more DD.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
26 officers (3 active, 26 linked, 17 with DOB)
83
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
184 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
61
Some moderate concerns — review 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 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees191400

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (75 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-09-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2025-09-08
    🔒
    Charge registered #3
    Lender: Hsbc UK Bank PLC
  4. 2025-08-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2025-08-09
    🔓
    Charge satisfied #2
  6. 2025-06-13
    ➖
    BENOIT, John David resigned
    director
  7. 2025-06-13
    ➖
    MEIER, Beverly Jeanette resigned
    director
  8. 2025-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-06-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2024-07-29
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  12. 2024-07-29
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2024-03-07
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2024-03-07
    📄
    memorandum-articles
    incorporation · MA
  15. 2024-03-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  16. 2024-03-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2024-03-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  18. 2024-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2024-03-06
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-03-01
    ➕
    NALLY, Lachlan Patrick appointed
    director
  21. 2024-03-01
    ➕
    STRUIK, Marinus Jan appointed
    director
  22. 2024-03-01
    ➖
    MEGGINSON, Geoffrey Paul resigned
    secretary
  23. 2024-02-13
    ➕
    WATSON, Mark Peter appointed
    director
  24. 2024-02-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2024-01-16
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  26. 2024-01-16
    📄
    legacy
    accounts · PARENT_ACC
  27. 2024-01-16
    📄
    legacy
    other · GUARANTEE2
  28. 2024-01-16
    📄
    legacy
    other · AGREEMENT2
  29. 2023-12-21
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  30. 2023-12-21
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  31. 2023-10-17
    ➕
    MEIER, Beverly Jeanette appointed
    director
  32. 2022-12-31
    🔓
    Charge satisfied #1
  33. 2021-06-15
    🔒
    Charge registered #2
    Lender: Sonovate Limited
  34. 2021-05-25
    🔒
    Charge registered #1
    Lender: Inspirit Vysus Holdings Limited (12526046)
  35. 2020-10-31
    ➖
    BIGMORE, Tracey Anne resigned
    secretary
  36. 2020-10-31
    ➕
    MEGGINSON, Geoffrey Paul appointed
    secretary
  37. 2020-10-31
    ➖
    BIGMORE, Tracey Anne resigned
    director
  38. 2020-09-08
    ➖
    CROWE, John Ramsay William resigned
    director
  39. 2020-01-02
    ➕
    BENOIT, John David appointed
    director
  40. 2020-01-02
    ➕
    CROWE, John Ramsay William appointed
    director
  41. 2019-12-13
    ➖
    NOPPEN VAN, Wilco Arjen resigned
    director
  42. 2019-04-30
    ➖
    MITCHELL, David James resigned
    director
  43. 2019-02-04
    ➕
    BIGMORE, Tracey Anne appointed
    secretary
  44. 2019-02-04
    ➕
    BIGMORE, Tracey Anne appointed
    director
  45. 2019-01-31
    ➖
    GERRARD, Ashley Louise resigned
    secretary
  46. 2019-01-31
    ➖
    GERRARD, Ashley Louise resigned
    director
  47. 2017-10-16
    ➖
    COLBY-BLAKE, Chad Phillip resigned
    secretary
  48. 2017-10-16
    ➕
    GERRARD, Ashley Louise appointed
    secretary
  49. 2017-10-16
    ➖
    COLBY-BLAKE, Chad Phillip resigned
    director
  50. 2017-10-16
    ➕
    GERRARD, Ashley Louise appointed
    director
Showing most recent 50 of 75 events

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

3 med ·
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: BENOIT, John David resigned 2025-06-13; MEIER, Beverly Jeanette resigned 2025-06-13

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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2024-07-29: certificate-change-of-name-company

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Leendert Evert Nagtegaal
Individual · Dutch · DOB 06/1951 · age 75
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/03/2024
4 historic (ceased) PSCs
  • Vysus Group Holdings Limitedceased 01/03/2024· 75-100% shares · 75-100% voting · board control
  • Vysus Holdings (Uk) Limitedceased 18/12/2023· 75-100% shares · 75-100% voting
  • Senergy Oil & Gas Limitedceased 16/12/2022· 75-100% shares · 75-100% voting · board control
  • Lloyd's Register Inspection Limitedceased 21/10/2020· 75-100% shares · 75-100% voting · board control

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

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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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1988-12-12
Jurisdictionscotland
Primary SIC09100 — SIC 09100

Registered office

Moduspec House Discovery Drive
Arnhall Business Park
Westhill
AB32 6FG
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-05
Last: 2025-12-22

Officers (3 active · 23 resigned)

NALLY, Lachlan Patrick→
director · ~39y · appointed 2024-03-01
View their other companies + combined net worth →
Active
STRUIK, Marinus Jan→
director · ~39y · appointed 2024-03-01
View their other companies + combined net worth →
Active
WATSON, Mark Peter→
director · ~41y · appointed 2024-02-13
View their other companies + combined net worth →
Active
BIGMORE, Tracey Anne→
secretary · appointed 2019-02-04 · resigned 2020-10-31
Resigned
COLBY-BLAKE, Chad Phillip→
secretary · appointed 2014-10-23 · resigned 2017-10-16
Resigned
GERRARD, Ashley Louise→
secretary · appointed 2017-10-16 · resigned 2019-01-31
Resigned
MEGGINSON, Geoffrey Paul→
secretary · appointed 2020-10-31 · resigned 2024-03-01
Resigned
MUIR, Kenneth John→
secretary · resigned 1996-05-01
Resigned
MULLINS, Michelle→
secretary · appointed 2008-07-01 · resigned 2009-10-23
Resigned
NAGTEGAAL, Leendert Evert→
secretary · appointed 1996-06-01 · resigned 1998-12-31
Resigned
WHITE, Timothy Scott→
secretary · appointed 2009-10-23 · resigned 2014-09-20
Resigned
BENOIT, John David→
director · ~56y · appointed 2020-01-02 · resigned 2025-06-13
Resigned
BIGMORE, Tracey Anne→
director · ~60y · appointed 2019-02-04 · resigned 2020-10-31
Resigned
COLBY-BLAKE, Chad Phillip→
director · ~48y · appointed 2017-06-30 · resigned 2017-10-16
Resigned
CROWE, John Ramsay William→
director · ~66y · appointed 2020-01-02 · resigned 2020-09-08
Resigned
GERRARD, Ashley Louise→
director · ~41y · appointed 2017-10-16 · resigned 2019-01-31
Resigned
LIGHT, Iain Michael→
director · ~72y · appointed 2008-07-01 · resigned 2011-06-30
Resigned
MARSH, Alastair Stewart→
director · ~65y · appointed 2008-07-01 · resigned 2010-01-25
Resigned
MEIER, Beverly Jeanette→
director · ~58y · appointed 2023-10-17 · resigned 2025-06-13
Resigned
MITCHELL, David James→
director · ~65y · appointed 2010-01-25 · resigned 2019-04-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property08/09/2025—
satisfied
Sonovate
Sonovate Limited
A registered charge—15/06/202109/08/2025
satisfied
Inspirit Vysus Holdings (12526046)
Inspirit Vysus Holdings Limited (12526046)
A registered charge—25/05/202131/12/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (184 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-small
accounts · AA
2025-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-16
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-09
termination-director-company-with-name-termination-date
officers · TM01
2025-06-13
termination-director-company-with-name-termination-date
officers · TM01
2025-06-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-30
certificate-change-of-name-company
change-of-name · CERTNM
2024-07-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-29
resolution
resolution · RESOLUTIONS
2024-03-07
memorandum-articles
incorporation · MA
2024-03-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-06
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-06
termination-secretary-company-with-name-termination-date
officers · TM02
2024-03-06