FLUIDIC LIMITED

🌳Matureactive
SC143055 · ltd · incorporated 1993-03-05
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£1.35M
book net assets
Opportunity
68/100
Strong
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What this business does
Primary activity: SIC 26511
Sector: Manufacturing
Investor take
Pursue
Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 68/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

7 live charges · 5 lenders · oldest 31.7y

35/100
too messy

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

  • · Oldest live charge is 31.7 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 5 with DOB)
81
Ownership & PSC
2 active PSC(s) of 5 total, 5 with control declared
90
Director network
Network not yet resolved
30
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
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 £1,346,898
Cash YoY
+50%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£957k
↑ 50% YoY
Net Worth
£1.3m
↑ 13% YoY
Current Assets
£1.9m
↑ 3.5% YoY
Current Liabilities
—
£0£373k£745k£1.1m£1.5m£1.9mMar 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£1.35M£1.19M
Current assets£1.86M£1.80M
Cash£956.7k£638.8k
Debtors£735.4k£1.06M
Net assets£1.35M£1.19M

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
1
filing
  • • 1 address
Last 90 days
2
filings
  • • 1 address
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 address
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-04-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-12-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2025-12-18
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2025-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-08-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-01-06
    📄
    capital-return-purchase-own-shares
    capital · SH03
  9. 2021-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-02
    📄
    capital-cancellation-shares
    capital · SH06
  11. 2021-02-23
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-02-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-01-29
    📄
    capital-return-purchase-own-shares
    capital · SH03
  14. 2020-10-09
    ➖
    FEATHER, Howard resigned
    director
  15. 2020-10-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-07-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-09-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2016-05-12
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC
  19. 2016-04-15
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
  20. 2014-10-29
    ➕
    BIGGS, Steven appointed
    director
  21. 2014-10-29
    ➕
    FEATHER, Keith appointed
    director
  22. 2014-10-29
    ➖
    CAIRNEY, Catherine resigned
    secretary
  23. 2014-10-29
    ➖
    CAIRNEY, David resigned
    director
  24. 2014-10-29
    ➕
    FEATHER, Howard appointed
    director
  25. 2006-03-10
    🔓
    Charge satisfied #5
  26. 2004-02-02
    🔒
    Charge registered #5
    Lender: Samuel Clarke
  27. 2004-02-02
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  28. 2003-11-24
    🔓
    Charge satisfied #2
  29. 2003-09-29
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  30. 1997-10-17
    ➕
    CAIRNEY, Catherine appointed
    secretary
  31. 1997-10-17
    ➖
    MACBEATH, Ross resigned
    secretary
  32. 1997-10-17
    ➖
    MACBEATH, Ross resigned
    director
  33. 1994-10-17
    🔒
    Charge registered #2
    Lender: Lanarkshire Development Agency
  34. 1994-08-29
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  35. 1993-03-05
    🏢
    Company incorporated
    As FLUIDIC LIMITED
  36. 1993-03-05
    ➕
    MACBEATH, Ross appointed
    secretary
  37. 1993-03-05
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  38. 1993-03-05
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  39. 1993-03-05
    ➕
    CAIRNEY, David appointed
    director
  40. 1993-03-05
    ➕
    MACBEATH, Ross appointed
    director
  41. 1993-03-05
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  42. 1993-03-05
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.

Succession & seller-readiness

51/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 33 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

1 med · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Keith Feather
Individual · British · DOB 05/1982 · age 44
——sig. influencesignificant influence06/04/2016
Mr Steven Biggs
Individual · British · DOB 04/1982 · age 44
——sig. influencesignificant influence06/04/2016
3 historic (ceased) PSCs
  • Mr David Cairneyceased 22/09/2021· 25-50% shares · 25-50% voting
  • Mrs Catherine Cairneyceased 22/09/2021· 25-50% shares · 25-50% voting
  • Mr Howard Featherceased 09/10/2020· significant influence

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1993-03-05
Jurisdictionscotland
Primary SIC26511 — SIC 26511

Registered office

7 Drumhead Place
Cambuslang
Glasgow
G32 8EY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-07
Last: 2026-02-21

Officers (2 active · 7 resigned)

BIGGS, Steven→
director · ~44y · appointed 2014-10-29
View their other companies + combined net worth →
Active
FEATHER, Keith→
director · ~44y · appointed 2014-10-29
View their other companies + combined net worth →
Active
CAIRNEY, Catherine→
secretary · appointed 1997-10-17 · resigned 2014-10-29
Resigned
MACBEATH, Ross→
secretary · appointed 1993-03-05 · resigned 1997-10-17
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1993-03-05 · resigned 1993-03-05
Resigned
CAIRNEY, David→
director · ~75y · appointed 1993-03-05 · resigned 2014-10-29
Resigned
FEATHER, Howard→
director · ~70y · appointed 2014-10-29 · resigned 2020-10-09
Resigned
MACBEATH, Ross→
director · ~73y · appointed 1993-03-05 · resigned 1997-10-17
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1993-03-05 · resigned 1993-03-05
Resigned

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

Mortgages & charges

7
Total charges
5
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property12/05/2016—
outstanding
Virgin Money
Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
A registered charge—15/04/2016—
satisfied
Samuel Clarke
Standard security1 property02/02/200410/03/2006
part-satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security2 properties02/02/2004—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property29/09/2003—
satisfied
Lanarkshire Development Agency
Bond & floating charge1 property17/10/199424/11/2003
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property29/08/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (116 total)

change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-04-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-18
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-08
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-08
capital-return-purchase-own-shares
capital · SH03
2022-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-30
confirmation-statement-with-updates
confirmation-statement · CS01
2021-03-04