HYCROME (EUROPE) LIMITED

🌳Matureactive

SC122201 · ltd · incorporated 1989-12-29

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.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 33190

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 36.1y

35/100

too messy

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

· Oldest live charge is 36.1 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

16 officers (5 active, 16 linked, 13 with DOB)

Ownership & PSC

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

Director network

12 connected companies via shared directors

Filing history

145 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.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 accounts
• 2 other

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2025-12-23
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-12-23
📄
legacy
accounts · PARENT_ACC
2025-12-23
📄
legacy
other · GUARANTEE2
2025-12-23
📄
legacy
other · AGREEMENT2
2025-01-27
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-01-27
📄
legacy
other · AGREEMENT2
2025-01-27
📄
legacy
other · GUARANTEE2
2024-12-23
📄
legacy
accounts · PARENT_ACC
2024-09-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-11
➖
WELSH, Colin Ian resigned
director
2024-09-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-05
➕
MCROBBIE, Anita appointed
director
2023-10-02
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-07
📄
accounts-with-accounts-type-full
accounts · AA
2022-05-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-05
➖
RONALDSON, Gordon resigned
director
2021-09-30
📄
accounts-with-accounts-type-full
accounts · AA
2021-02-03
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2020-10-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-14
➕
RONALDSON, Gordon appointed
director
2020-10-14
➕
WELSH, Colin Ian appointed
director
2020-06-09
📄
accounts-with-accounts-type-full
accounts · AA
2020-02-14
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-02-14
🔓
Charge satisfied #8
2020-02-14
🔓
Charge satisfied #7
2020-02-14
🔓
Charge satisfied #6
2017-08-04
➕
CHEYNE, Ian Mcgregor appointed
director
2017-06-28
➖
RITCHIE, Charles Buchan resigned
director
2017-03-10
🔓
Charge satisfied #5
2017-03-10
🔓
Charge satisfied #4
2017-03-10
🔓
Charge satisfied #3
2017-03-08
🔒
Charge registered #8
Lender: Hsbc Bank PLC
2017-03-08
🔒
Charge registered #7
Lender: Hsbc Invoice Finance (UK) Limited
2017-03-03
🔒
Charge registered #6
Lender: Hsbc Invoice Finance (UK) Limited
2014-01-01
➕
MCROBBIE, Anita appointed
secretary
2013-12-31
➖
MCFARLANE, Kevin resigned
secretary
2012-09-12
🔒
Charge registered #5
Lender: Lloyds Tsb Commercial Finance Limited
2011-12-06
🔓
Charge satisfied #2
2011-07-18
🔒
Charge registered #4
Lender: Lloyds Tsb Bank PLC
2011-07-18
🔒
Charge registered #3
Lender: Lloyds Tsb Commercial Finance Limited
2007-01-05
➕
KELLY, Stephen John appointed
director
2006-01-09
➖
ANDERSON, David Macdonald resigned
director
2005-07-14
➖
ELLIS, David resigned
director
2004-01-30
➕
ANDERSON, David Macdonald appointed
director
2002-10-29
➖
CHEYNE, Ian Mcgregor resigned
director
2002-05-28
🔓
Charge satisfied #1
2001-03-27
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1999-08-26
➖
POLLARD, Steven Marshall resigned
director
1997-12-12
➕
ELLIS, David appointed
director

Showing most recent 50 of 63 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong 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.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Score Group Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Score Group Plc

Corporate parent · holds 75-100% shares

ultimate parent

⬇

HYCROME (EUROPE) LIMITED

This company · SC122201

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%

Name	Shares	Voting rights	Nature of control	Notified
Score Group Plc Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	06/04/2016

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.

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Company details

Statusactive

Typeltd

Incorporated1989-12-29

Jurisdictionscotland

Primary SIC33190 — SIC 33190

Registered office

Glenugie Engineering Works

Peterhead

AB42 0YX

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2025-01-02

Confirmation statement

Next due: 2026-06-18

Last: 2025-06-04