BATHROOM ELEGANCE LIMITED

🌳Matureactive
SC137829 · ltd · incorporated 1992-04-15
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 · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Deal-killer verdict: clean → workable
  • · Refinance opportunity: too_messy → under_pressure
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

  • ·Investment thesis: well_run_hard_buy → unclassified
  • ↑Deal-killer verdict: clean → workable
  • ↓Refinance opportunity: too_messy → under_pressure
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 Aug 2025
Net worth
£1.85M
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (70/100, director aged 63). 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 (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 31.3y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 31.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (86/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (2 active, 11 linked, 8 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
102 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 £1,848,061
Cash draining
Cash down 43% YoY
Cash YoY
-43%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£284k
↓ 43% YoY
Net Worth
£1.8m
↑ 6.6% YoY
Current Assets
£1.4m
↓ 8.9% YoY
Current Liabilities
—
£0£370k£739k£1.1m£1.5m£1.8mAug 2023Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-312023-08-31
Total assets£2.43M£1.99M—
Current assets£1.41M£1.55M—
Cash£284.2k£495.6k—
Debtors£369.9k£121.5k—
Net assets£1.85M£1.73M—

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
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2025-05-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-04-21
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-02-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-02-16
    🔒
    Charge registered #3
    Lender: Royal Bank of Scotland PLC
  7. 2022-02-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-05-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2021-05-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-06-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-07-12
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2019-07-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  13. 2019-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2018-11-08
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  15. 2018-01-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-05-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-08-21
    ➖
    BALLANTYNE, Andrea Ann resigned
    secretary
  19. 2007-08-20
    ➖
    MACKENZIE, Alister resigned
    secretary
  20. 2003-04-04
    ➖
    MCFARLANE, Craig Andrew resigned
    director
  21. 2001-05-24
    ➕
    MCFARLANE, Craig Andrew appointed
    director
  22. 2000-08-16
    ➕
    MACKENZIE, Alister appointed
    secretary
  23. 1995-08-04
    ➖
    MCFARLANE, Andrea Ann resigned
    director
  24. 1995-08-03
    ➖
    BALLANTYNE, Elizabeth Mckay resigned
    director
  25. 1995-08-03
    ➖
    MACKENZIE, Annie Josephine resigned
    director
  26. 1995-08-01
    ➕
    MACKENZIE, Alister appointed
    director
  27. 1995-08-01
    ➕
    MACKENZIE, Elizabeth Ferguson appointed
    director
  28. 1995-02-02
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  29. 1992-09-10
    ➕
    MACKENZIE, Annie Josephine appointed
    director
  30. 1992-04-15
    🏢
    Company incorporated
    As BATHROOM ELEGANCE LIMITED
  31. 1992-04-15
    ➕
    BALLANTYNE, Andrea Ann appointed
    secretary
  32. 1992-04-15
    ➕
    REID, Brian appointed
    nominee-secretary
  33. 1992-04-15
    ➖
    REID, Brian resigned
    nominee-secretary
  34. 1992-04-15
    ➕
    BALLANTYNE, Elizabeth Mckay appointed
    director
  35. 1992-04-15
    ➕
    MABBOTT, Stephen appointed
    nominee-director
  36. 1992-04-15
    ➖
    MABBOTT, Stephen resigned
    nominee-director
  37. 1992-04-15
    ➕
    MCFARLANE, Andrea Ann appointed
    director
  38. 1992-04-15
    ➕
    MORRISON, Janet appointed
    director
  39. 1992-04-15
    ➖
    MORRISON, Janet resigned
    director

Owner dependency

84/100
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 31 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 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 Alister Mackenzie
Individual · British · DOB 10/1963 · age 63
50–75%
—50-75% shares06/04/2016
Mrs Elizabeth Ferguson Mackenzie
Individual · British · DOB 07/1964 · age 62
50–75%
—50-75% shares06/04/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1992-04-15
Jurisdictionscotland
Primary SIC46740 — SIC 46740

Registered office

Unit 30 Lynedoch Industrial Estate
Greenock
PA15 4AX
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2027-04-22
Last: 2026-04-08

Officers (2 active · 9 resigned)

MACKENZIE, Alister→
director · ~63y · appointed 1995-08-01
View their other companies + combined net worth →
Active
MACKENZIE, Elizabeth Ferguson→
director · ~62y · appointed 1995-08-01
View their other companies + combined net worth →
Active
BALLANTYNE, Andrea Ann→
secretary · appointed 1992-04-15 · resigned 2014-08-21
Resigned
MACKENZIE, Alister→
secretary · appointed 2000-08-16 · resigned 2007-08-20
Resigned
REID, Brian→
nominee-secretary · appointed 1992-04-15 · resigned 1992-04-15
Resigned
BALLANTYNE, Elizabeth Mckay→
director · ~80y · appointed 1992-04-15 · resigned 1995-08-03
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1992-04-15 · resigned 1992-04-15
Resigned
MACKENZIE, Annie Josephine→
director · ~92y · appointed 1992-09-10 · resigned 1995-08-03
Resigned
MCFARLANE, Andrea Ann→
director · ~59y · appointed 1992-04-15 · resigned 1995-08-04
Resigned
MCFARLANE, Craig Andrew→
director · ~58y · appointed 2001-05-24 · resigned 2003-04-04
Resigned
MORRISON, Janet→
director · ~66y · appointed 1992-04-15 · resigned 1992-04-15
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
A registered charge1 property16/02/2023—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—10/07/2019—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property02/02/1995—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-04-21
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-02-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-21
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-02-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-05-26
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-06-29