UMICORE COATING SERVICES LIMITED

📉Decliningactive
SC118425 · ltd · incorporated 1989-06-09
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 Dec 2024
Net worth
—
book net assets
Opportunity
72/100
Strong
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What this business does
Primary activity: SIC 23120
Sector: Manufacturing
ALSO REGISTERED FOR
  • 25610Treatment and coating of metals
  • 32990Other manufacturing n.e.c.
Investor take
Pursue
Strong opportunity: conservative operator with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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: strategic trade sale (78/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 36.5y

35/100
too messy

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

  • · Oldest live charge is 36.5 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

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, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
28 officers (3 active, 28 linked, 23 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
152 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
72/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £618,255

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
Profit before tax£618.3k£1.24M
Average employees33003100

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 officers
Counts from Companies House filing history.
Corporate timeline (78 events)Click to expand
  1. 2025-12-18
    ➖
    ROGERS, Kenneth Andrew resigned
    director
  2. 2025-12-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-10-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2025-10-23
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
  5. 2025-05-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-05-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-07-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2023-07-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2023-06-20
    ➕
    HENNEBEL, Geert Wim Ann appointed
    director
  10. 2023-06-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2023-06-16
    ➖
    PEFEROEN, Wannes resigned
    director
  12. 2022-06-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  13. 2022-06-22
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  14. 2022-05-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2022-05-16
    ➕
    NAPLES, Mark Grant Ronald appointed
    director
  16. 2022-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2021-12-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-12-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  19. 2021-12-08
    🔓
    Charge satisfied #6
  20. 2021-12-08
    🔓
    Charge satisfied #4
  21. 2021-09-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2020-10-13
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2020-10-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2020-09-01
    ➖
    RAMHARTER, Johan Freddy resigned
    director
  25. 2019-06-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2018-09-05
    📄
    accounts-with-accounts-type-full
    accounts · AA
  27. 2017-02-20
    ➕
    PEFEROEN, Wannes appointed
    director
  28. 2017-02-17
    ➖
    TANCELL, Paul James resigned
    director
  29. 2016-02-01
    ➕
    RAMHARTER, Johan Freddy appointed
    director
  30. 2015-12-08
    ➖
    ROSHANROUZ, Arjang resigned
    director
  31. 2015-04-28
    ➕
    DALGETTY, Elizabeth Sarah appointed
    secretary
  32. 2015-04-28
    ➖
    BULLIONS, Brian Alexander resigned
    secretary
  33. 2015-04-28
    ➖
    QUAEYHAEGENS, Carl Valentin Dorothea resigned
    director
  34. 2013-04-08
    ➖
    CAUWE, Michel Louis Raymond Marie Joseph resigned
    director
  35. 2013-04-08
    ➖
    FRANKS, John William resigned
    director
  36. 2013-04-08
    ➖
    KREKELS, Thomas Gaston Germaine, Dr resigned
    director
  37. 2013-04-08
    ➕
    QUAEYHAEGENS, Carl Valentin Dorothea appointed
    director
  38. 2013-04-08
    ➖
    RAMHARTER, Johan Freddy Maria resigned
    director
  39. 2013-04-08
    ➕
    ROSHANROUZ, Arjang appointed
    director
  40. 2013-04-08
    ➕
    TANCELL, Paul James appointed
    director
  41. 2007-12-19
    ➖
    WARD, John Paul resigned
    director
  42. 2007-05-10
    ➕
    KREKELS, Thomas Gaston Germaine, Dr appointed
    director
  43. 2007-05-10
    ➖
    MEYFROIDT, Ines Rosette resigned
    director
  44. 2006-10-02
    ➖
    BEATTIE, Ian Nigel resigned
    director
  45. 2006-10-02
    ➕
    FRANKS, John William appointed
    director
  46. 2005-07-05
    ➖
    DE BUSSCHER, Bernard Albert Oliver resigned
    director
  47. 2005-07-05
    ➕
    MEYFROIDT, Ines Rosette appointed
    director
  48. 2004-02-04
    ➕
    BULLIONS, Brian Alexander appointed
    secretary
  49. 2004-02-04
    ➖
    CASKIE, Craig resigned
    secretary
  50. 2002-05-02
    ➖
    BRIJS, Erik Louis, Dr resigned
    director
Showing most recent 50 of 78 events

Owner dependency

58/100
Moderate — manageable with handover

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

36/100
Weak signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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.

Group structure

Umicore Sa is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Umicore Sa
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
UMICORE COATING SERVICES LIMITED
This company · SC118425

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Umicore Sa
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control21/06/2022

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 →

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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
Incorporated1989-06-09
Jurisdictionscotland
Primary SIC23120 — SIC 23120

Registered office

Block 6 Kinnoull Street
Dundee
Angus
DD2 3ED

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-23
Last: 2025-06-09

Officers (3 active · 25 resigned)

DALGETTY, Elizabeth Sarah→
secretary · appointed 2015-04-28
View their other companies + combined net worth →
Active
HENNEBEL, Geert Wim Ann→
director · ~41y · appointed 2023-06-20
View their other companies + combined net worth →
Active
NAPLES, Mark Grant Ronald→
director · ~46y · appointed 2022-05-16
View their other companies + combined net worth →
Active
BULLIONS, Brian Alexander→
secretary · appointed 2004-02-04 · resigned 2015-04-28
Resigned
CASKIE, Craig→
secretary · appointed 1994-04-29 · resigned 2004-02-04
Resigned
HUGHES, Keith John→
secretary · appointed 1989-06-09 · resigned 1991-07-19
Resigned
PARTNERS IN MANAGEMENT LIMITED→
corporate-secretary · appointed 1992-01-27 · resigned 1994-04-29
Resigned
BEATTIE, Ian Nigel→
director · ~85y · appointed 1989-11-21 · resigned 2006-10-02
Resigned
BRIJS, Erik Louis, Dr→
director · ~63y · appointed 2001-01-25 · resigned 2002-05-02
Resigned
BYL, Alain→
director · ~69y · appointed 2001-01-25 · resigned 2002-05-02
Resigned
CAUWE, Michel Louis Raymond Marie Joseph→
director · ~71y · appointed 2001-01-25 · resigned 2013-04-08
Resigned
DE BUSSCHER, Bernard Albert Oliver→
director · ~72y · appointed 2001-11-29 · resigned 2005-07-05
Resigned
FRANKS, John William→
director · ~59y · appointed 2006-10-02 · resigned 2013-04-08
Resigned
HOWSE, Merrick→
director · ~81y · appointed 1989-09-14 · resigned 1992-01-27
Resigned
HUGHES, Keith John→
director · ~64y · appointed 1989-06-09 · resigned 1991-07-19
Resigned
JOHNSTONE, Marjory Jane→
director · ~81y · appointed 1989-06-09 · resigned 1991-07-19
Resigned
KREKELS, Thomas Gaston Germaine, Dr→
director · ~59y · appointed 2007-05-10 · resigned 2013-04-08
Resigned
MEYFROIDT, Ines Rosette→
director · ~52y · appointed 2005-07-05 · resigned 2007-05-10
Resigned
PEFEROEN, Wannes→
director · ~46y · appointed 2017-02-20 · resigned 2023-06-16
Resigned
QUAEYHAEGENS, Carl Valentin Dorothea→
director · ~63y · appointed 2013-04-08 · resigned 2015-04-28
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Virgin Money) (Company Number SC001111)
A registered charge—23/10/2025—
satisfied
Small Business Finance Dundee
Small Business Finance Dundee Limited
Floating charge1 property05/03/199908/12/2021
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/01/199708/12/2021
satisfied
The Tayside Regional Council
Floating charge1 property03/03/199508/07/1998
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property26/10/198927/03/1997
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (152 total)

termination-director-company-with-name-termination-date
officers · TM01
2025-12-18
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-19
accounts-with-accounts-type-full
accounts · AA
2025-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-12
accounts-with-accounts-type-full
accounts · AA
2024-05-15
accounts-with-accounts-type-full
accounts · AA
2023-07-12
appoint-person-director-company-with-name-date
officers · AP01
2023-07-03
termination-director-company-with-name-termination-date
officers · TM01
2023-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2022-06-22
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2022-06-22
accounts-with-accounts-type-full
accounts · AA
2022-05-30
appoint-person-director-company-with-name-date
officers · AP01
2022-05-16