CORSIE INDUSTRIAL HOLDINGS LIMITED

🌳Matureactive
SC134851 · ltd · incorporated 1991-11-05
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 33.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£778.0k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, 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 33.9y

85/100
ready

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

  • · Oldest live charge is 33.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 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
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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 £777,968
Cash YoY
+5%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£541k
↑ 4.6% YoY
Net Worth
£778k
~ YoY
Current Assets
£562k
↑ 3.2% YoY
Current Liabilities
—
£0£156k£311k£467k£622k£778kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£778.0k£773.2k
Current assets£562.0k£544.6k
Cash£540.9k£517.1k
Debtors£21.1k£27.5k
Net assets£778.0k£773.2k

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

🔒Filing-note intelligence

1 signal 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 (27 events)Click to expand
  1. 2025-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-06-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-12-15
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  7. 2020-12-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  8. 2020-12-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2020-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-09-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-07-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-07-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2009-05-29
    🔓
    Charge satisfied #1
  17. 1992-07-01
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  18. 1992-03-12
    ➕
    BUTCHART, Susan Jane appointed
    secretary
  19. 1992-03-12
    ➕
    BUTCHART, Alan Douglas appointed
    director
  20. 1992-03-12
    ➕
    BUTCHART, Susan Jane appointed
    director
  21. 1992-03-12
    ➖
    DM COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  22. 1992-03-12
    ➖
    BRUCE, Roderick Lawrence resigned
    nominee-director
  23. 1992-03-12
    ➖
    MINTO, Bruce Watson resigned
    nominee-director
  24. 1991-11-05
    🏢
    Company incorporated
    As CORSIE INDUSTRIAL HOLDINGS LIMITED
  25. 1991-11-05
    ➕
    DM COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  26. 1991-11-05
    ➕
    BRUCE, Roderick Lawrence appointed
    nominee-director
  27. 1991-11-05
    ➕
    MINTO, Bruce Watson appointed
    nominee-director

Owner dependency

91/100
Critical — business is the founder

The 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.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +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

96/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Alan Douglas Butchart
Individual · British · DOB 04/1956 · age 70
50–75%
—50-75% shares06/04/2016
Mrs Susan Jane Butchart
Individual · British · DOB 03/1961 · age 65
25–50%
—25-50% shares15/06/2020

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
Incorporated1991-11-05
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Dalton Road
Southfield Industrial Estate
Glenrothes
Fife
KY6 2SS

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-19
Last: 2025-11-05

Officers (3 active · 3 resigned)

BUTCHART, Susan Jane→
secretary · appointed 1992-03-12
View their other companies + combined net worth →
Active
BUTCHART, Alan Douglas→
director · ~70y · appointed 1992-03-12
View their other companies + combined net worth →
Active
BUTCHART, Susan Jane→
director · ~65y · appointed 1992-03-12
View their other companies + combined net worth →
Active
DM COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 1991-11-05 · resigned 1992-03-12
Resigned
BRUCE, Roderick Lawrence→
nominee-director · ~78y · appointed 1991-11-05 · resigned 1992-03-12
Resigned
MINTO, Bruce Watson→
nominee-director · appointed 1991-11-05 · resigned 1992-03-12
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property01/07/199229/05/2009

Recent filings (87 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-01
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2020-12-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2020-12-14
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-22