QAS GROUP LIMITED
📉Decliningactive
SC142714 · ltd · incorporated 1993-02-18
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
£11.02M
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
PursueConservative operator with a 69-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 69). 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: strategic trade sale (78/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 27.4y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: high (80/100)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
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 7 with DOB)
79
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
136 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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £745,790
Revenue decline
Turnover down 16% YoY
Turnover YoY
-16%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Turnover | £11.02M | £13.19M |
| Gross profit | £6.67M | £7.92M |
| Operating profit | £719.5k | £2.25M |
| Profit before tax | £745.8k | £2.23M |
| Average employees | 14700 | 16900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
4 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 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (55 events)Click to expand
- 2025-09-23📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-26📄accounts-with-accounts-type-fullaccounts · AA
- 2024-09-24📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-12-15➖MOORHOUSE, Graham Alan resigneddirector
- 2023-12-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-06➕KEMP, Brian James Imrie appointedsecretary
- 2023-12-06➖MOORHOUSE, Graham Alan resignedsecretary
- 2023-12-06📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-12-06📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-09-18📄accounts-with-accounts-type-fullaccounts · AA
- 2023-02-07➖GILFILLAN, Garry resignedsecretary
- 2023-02-07➕MOORHOUSE, Graham Alan appointedsecretary
- 2023-02-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-02-07📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-01-02➕MOORHOUSE, Graham Alan appointeddirector
- 2022-09-16📄accounts-with-accounts-type-fullaccounts · AA
- 2022-07-18📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-06-30➖HARRIS, David John resigneddirector
- 2021-11-29✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2021-11-29📄resolutionresolution · RESOLUTIONS
- 2021-09-23📄accounts-with-accounts-type-smallaccounts · AA
- 2021-05-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-03-19➕HARRIS, David John appointeddirector
- 2020-11-04📄accounts-with-accounts-type-smallaccounts · AA
- 2019-09-26📄accounts-with-accounts-type-smallaccounts · AA
- 2015-12-21🔓Charge satisfied #4
- 2015-09-15🔒Charge registered #5Lender: Barclays Bank PLC
- 2015-08-20🔓Charge satisfied #1
- 2015-08-13🔓Charge satisfied #3
- 2015-01-05➕GILFILLAN, Garry appointedsecretary
- 2015-01-04➖PAGE, Derek resignedsecretary
- 2014-03-01➕PAGE, Derek appointeddirector
- 2014-03-01➕PAGE, Derek appointedsecretary
- 2014-03-01➖PURPLE VENTURE SECRETARIES LIMITED resignedcorporate-secretary
- 2014-02-28➖FORSYTH, Ronald George resigneddirector
- 2012-12-17🔒Charge registered #4Lender: National Westminster Bank PLC
- 2008-05-14🔒Charge registered #3Lender: Rbs Invoice Finance Limited
- 2005-07-28🔓Charge satisfied #2
- 2005-02-28➕PURPLE VENTURE SECRETARIES LIMITED appointedcorporate-secretary
- 2005-02-28➖YOUNG & PARTNERS resignedcorporate-secretary
- 2001-07-06🔒Charge registered #2Lender: National Westminster Bank PLC
- 2001-06-22➕FORSYTH, Ronald George appointeddirector
- 2001-06-22➖KEMP, James resigneddirector
- 1999-12-10➖FORSYTH, Ronald George resignedsecretary
- 1999-12-10➕YOUNG & PARTNERS appointedcorporate-secretary
- 1998-12-28🔒Charge registered #1Lender: National Westminster Bank PLC
- 1995-08-21➕FORSYTH, Ronald George appointedsecretary
- 1995-08-21➖T D YOUNG & CO resignedcorporate-secretary
- 1993-02-24➕KEMP, Brian James Imrie appointeddirector
Showing most recent 50 of 55 events
Owner dependency
83/100
Critical — business is the founderThe 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 33 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. 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 33 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Albion Investments Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Albion Investments Limited
Corporate parent · holds 75-100% shares
⬇
QAS GROUP LIMITED
This company · SC142714
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 |
|---|---|---|---|---|
Albion Investments Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 16/11/2016 |
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 | — | 32y | 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 | — | — | — | 400 | 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
8 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
Incorporated1993-02-18
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.
Registered office
Qas Group Limited Mitchelston Drive
Mitchelston Industrial Estate
Kirkcaldy
KY1 3NF
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-13
Last: 2026-01-30
Officers (3 active · 12 resigned)
KEMP, Brian James Imrie→
Activesecretary · appointed 2023-12-06
View their other companies + combined net worth →
KEMP, Brian James Imrie→
Activedirector · ~69y · appointed 1993-02-24
View their other companies + combined net worth →
Active
FORSYTH, Ronald George→
Resignedsecretary · appointed 1995-08-21 · resigned 1999-12-10
GILFILLAN, Garry→
Resignedsecretary · appointed 2015-01-05 · resigned 2023-02-07
MOORHOUSE, Graham Alan→
Resignedsecretary · appointed 2023-02-07 · resigned 2023-12-06
PAGE, Derek→
Resignedsecretary · appointed 2014-03-01 · resigned 2015-01-04
PURPLE VENTURE SECRETARIES LIMITED→
Resignedcorporate-secretary · appointed 2005-02-28 · resigned 2014-03-01
T D YOUNG & CO→
Resignedcorporate-secretary · appointed 1993-02-18 · resigned 1995-08-21
YOUNG & PARTNERS→
Resignedcorporate-secretary · appointed 1999-12-10 · resigned 2005-02-28
FORSYTH, Ronald George→
Resigneddirector · ~78y · appointed 2001-06-22 · resigned 2014-02-28
HARRIS, David John→
Resigneddirector · ~66y · appointed 2021-03-19 · resigned 2022-06-30
KEMP, James→
Resigneddirector · ~99y · appointed 1963-03-12 · resigned 2001-06-22
MOORHOUSE, Graham Alan→
Resigneddirector · ~54y · appointed 2023-01-02 · resigned 2023-12-15
YOUNG, Thomas Duncan→
Resigneddirector · ~74y · appointed 1993-02-18 · resigned 1993-02-24
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Barclays Barclays Bank PLC | A registered charge | — | 15/09/2015 | — | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 17/12/2012 | 21/12/2015 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 14/05/2008 | 13/08/2015 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 06/07/2001 | 28/07/2005 | |
| satisfied | National Westminster Bank National Westminster Bank PLC | Floating charge | 1 property | 28/12/1998 | 20/08/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (136 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-12
accounts-with-accounts-type-full
accounts · AA
2025-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-05
accounts-with-accounts-type-full
accounts · AA
2024-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-30
termination-director-company-with-name-termination-date
officers · TM01
2023-12-15
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-06
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-06
accounts-with-accounts-type-full
accounts · AA
2023-09-18
termination-secretary-company-with-name-termination-date
officers · TM02
2023-02-07
appoint-person-secretary-company-with-name-date
officers · AP03
2023-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-30
appoint-person-director-company-with-name-date
officers · AP01
2023-01-09
accounts-with-accounts-type-full
accounts · AA
2022-09-16