DUSAL LIMITED

🌳Matureactive

SC124801 · ltd · incorporated 1990-05-03

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 30.9y 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 Nov 2024

Net worth

£721.4k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 13921

Sector: Manufacturing

Investor take

Pursue

Asset-holding vehicle. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 30.9y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 30.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

17 officers (6 active, 17 linked, 14 with DOB)

Ownership & PSC

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

Director network

9 connected companies via shared directors

Filing history

109 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 £721,386

Net assets shrinking

Down £152,294 YoY

Cash YoY

+31%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£587k

↑ 31% YoY

Net Worth

£721k

↓ 17% YoY

Current Assets

£1.5m

↑ 14% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-11-30	2023-11-30
Total assets	£755.3k	£921.5k
Current assets	£1.51M	£1.33M
Cash	£587.3k	£447.4k
Debtors	£545.3k	£482.5k
Net assets	£721.4k	£873.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (47 events)Click to expand

2026-01-26
➕
LOW, Alison May appointed
director
2026-01-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-27
📄
change-person-director-company-with-change-date
officers · CH01
2025-08-20
📄
accounts-with-accounts-type-small
accounts · AA
2024-11-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-07
➖
HARTLEY, Janet Ailsa resigned
director
2024-07-16
📄
accounts-with-accounts-type-small
accounts · AA
2023-12-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-12-01
➕
YOUNG, Nicola Ann appointed
director
2023-12-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
➖
ANDREW, John resigned
director
2023-08-29
📄
accounts-with-accounts-type-small
accounts · AA
2023-04-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-01
➕
HARTLEY, Guy Joseph appointed
director
2022-08-23
📄
accounts-with-accounts-type-small
accounts · AA
2021-08-24
📄
accounts-with-accounts-type-small
accounts · AA
2020-08-24
📄
accounts-with-accounts-type-small
accounts · AA
2020-05-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-04-30
➖
WHEATLEY, Colin Ronald resigned
director
2019-08-15
📄
accounts-with-accounts-type-small
accounts · AA
2018-08-09
📄
accounts-with-accounts-type-small
accounts · AA
2017-08-16
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2016-05-17
➕
GANNON, Michael James appointed
director
2014-01-31
➕
HARTLEY, Nicholas Ian appointed
secretary
2014-01-31
➕
HARTLEY, Nicholas Ian appointed
director
2014-01-31
➖
BARR, John George Arthur resigned
secretary
2014-01-31
➕
ANDREW, John appointed
director
2014-01-31
➖
BARR, John George Arthur resigned
director
2014-01-31
➖
BARR, Lynne Christine resigned
director
2014-01-31
➕
HARTLEY, Janet Ailsa appointed
director
2014-01-31
➕
WHEATLEY, Colin Ronald appointed
director
2013-12-21
🔓
Charge satisfied #1
1995-06-14
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1992-05-03
➖
DUNSIRE, David Ness resigned
director
1990-06-12
➕
BARR, John George Arthur appointed
secretary
1990-06-12
➖
DUNSIRE, David Ness resigned
secretary
1990-06-12
➕
BARR, John George Arthur appointed
director
1990-06-12
➕
BARR, Lynne Christine appointed
director
1990-06-12
➖
BELL, John Robin Sinclair resigned
director
1990-06-12
➖
BURNSIDE, Graham Mathieson resigned
director
1990-06-12
➖
SMITH, Martin Howard Thurston resigned
director
1990-05-11
➕
BELL, John Robin Sinclair appointed
director
1990-05-11
➕
BURNSIDE, Graham Mathieson appointed
director
1990-05-03
🏢
Company incorporated
As DUSAL LIMITED
1990-05-03
➕
DUNSIRE, David Ness appointed
secretary
1990-05-03
➕
DUNSIRE, David Ness appointed
director
1990-05-03
➕
SMITH, Martin Howard Thurston appointed
director

Owner dependency

63/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

23/100

No succession signal

No meaningful acquirability indicators from public data.

SIGNALS

primaryFamily succession underway: Not a takeover target — HARTLEY, Guy Joseph (same surname) appointed 2022-12-01. Pattern consistent with intra-family handover.
primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 12 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

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

🏛️

Merrygill Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

DUSAL LIMITED

This company · SC124801

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
Merrygill Limited 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 →

Similar companies

Active · Manufacturing · KY postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004	—	—	—	42	21y	85	66y
CLEAR AUDIO SYSTEMS LTD→ SC144490 · est 1993	—	—	£17.3k	—	33y	83	81y
FCE HYDRAULICS LTD→ SC191289 · est 1998	—	—	£655.5k	—	27y	83	68y
PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted	—	—	—	—	21y	83	60y
STONE MARINE SERVICES LIMITED→ SC202418 · est 1999	—	—	£2.02M	—	26y	83	75y
TEN 47 LIMITED→ SC216186 · est 2001	—	—	£4.37M	—	25y	83	61y
AXYZ ENGINEERING LIMITED→ SC222810 · est 2001	—	—	£552.4k	—	24y	82	65y
BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted	—	—	—	—	82y	82	94y
CONTRACT SOLUTIONS (SCOTLAND) LIMITED→ SC305000 · est 2006 · no financials extracted	—	—	—	—	19y	82	75y
COOLFORCE LIMITED→ SC204027 · est 2000	—	—	—	0	26y	82	61y
DAVID L DOUGLAS LIMITED→ SC385357 · est 2010	—	—	—	1700	15y	82	70y
EDEN ILLUMINATION LTD→ SC365181 · est 2009	—	—	£38.6k	—	16y	82	69y

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

Incorporated1990-05-03

Jurisdictionscotland

Primary SIC13921 — SIC 13921

Registered office

70 Nasmyth Road

Glenrothes

Fife

KY6 2SD

Scotland

Filing status

Accounts

Next due: 2026-08-31

Last made up to: 2024-11-30

Confirmation statement

Next due: 2027-04-19

Last: 2026-04-05