BALHOUSIE GLAZING LIMITED
🌳Matureactive
SC148115 · ltd · incorporated 1993-12-17
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£216.9k
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Glazing
Sector: Construction
Investor take
PursueAsset-holding vehicle with a 70-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -33% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 32.2y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 32.2 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
9 officers (5 active, 9 linked, 4 with DOB)
79
Ownership & PSC
5 active PSC(s) of 6 total, 6 with control declared
90
Director network
Network not yet resolved
30
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
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 declaredPositive net assets
Net assets £216,932
Net assets shrinking
Down £19,777 YoY
Cash YoY
-33%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£127k
↓ 33% YoY
Net Worth
£217k
↓ 8.4% YoY
Current Assets
£365k
↓ 21% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £276.6k | £305.7k |
| Current assets | £364.6k | £461.2k |
| Cash | £126.8k | £188.4k |
| Debtors | £129.4k | £192.9k |
| Net assets | £216.9k | £236.7k |
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2025-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-26📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-05-26📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-18📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-13📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-person-director-company-with-change-dateofficers · CH01
- 2024-05-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC03
- 2024-05-02📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-05-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-02📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-05-02📄change-person-secretary-company-with-change-dateofficers · CH03
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-05-02📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-04-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-01➕BERTIE, Alison Jane appointeddirector
- 2023-11-01➕ROBERTSON, Finlay appointeddirector
- 2023-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-14🔓Charge satisfied #2
- 2020-01-13🔓Charge satisfied #3
- 2013-09-09🔒Charge registered #3Lender: Svenska Handelsbanken Ab (Publ)
- 2005-07-13➕SWEENEY, Malcolm Alexander appointedsecretary
- 2005-07-13➖ABL (SECRETARIES) LIMITED resignedcorporate-secretary
- 2004-01-26➕ABL (SECRETARIES) LIMITED appointedcorporate-secretary
- 2004-01-26➖MILLER HENDRY resignedcorporate-secretary
- 1997-05-30➕HAY, Andrew appointeddirector
- 1994-02-16🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1994-01-05➕SWEENEY, Malcolm Alexander appointeddirector
- 1994-01-05➕MILLER HENDRY appointedcorporate-secretary
- 1994-01-05➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1994-01-05➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1993-12-17🏢Company incorporatedAs BALHOUSIE GLAZING LIMITED
- 1993-12-17➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1993-12-17➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong 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.
- primary20+ year tenure: Director in role 32 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
5 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Balhousie Glazing Employee Ownership Trust Individual | 75–100% | — | board control75-100% shares · board control | 11/06/2018 |
Ms Alison Jane Bertie Individual · British · DOB 10/1969 · age 57 | — | — | sig. influencesignificant influence | 01/11/2023 |
Mr Finlay Robertson Individual · British · DOB 03/1965 · age 61 | — | — | sig. influencesignificant influence | 01/11/2023 |
Mr Malcolm Sweeney Individual · British · DOB 04/1956 · age 70 | — | — | sig. influencesignificant influence | 06/04/2016 |
Mr Andrew Hay Individual · Scottish · DOB 12/1960 · age 66 | — | — | sig. influencesignificant influence | 06/04/2016 |
1 historic (ceased) PSC
- Mr Alistair William Terris Gibbceased 31/03/2024· 75-100% shares · 75-100% voting · significant influence · trust interest
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Construction · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BEAR SCOTLAND LIMITED→ SC206139 · est 2000 | £13.00M £9.29M–£16.72M | — | — | — | 26y | 83 | 65y |
| G.S. BROWN CONSTRUCTION LIMITED→ SC047574 · est 1970 | £3.14M £2.24M–£4.03M | — | — | 46 | 55y | 84 | 83y |
| A. PROCTOR GROUP LIMITED→ SC105054 · est 1987 | £1.97M £1.40M–£2.53M | — | — | 102 | 38y | 87 | 60y |
| ALGO (BLAIRGOWRIE) LIMITED→ SC166057 · est 1996 | — | — | £5.05M | — | 29y | 82 | 85y |
| CALEDONIAN DEVELOPMENTS LTD.→ SC211941 · est 2000 | — | — | — | 200 | 25y | 82 | 64y |
| CIOCH LIMITED→ SC169567 · est 1996 | — | — | £62.8k | — | 29y | 82 | 76y |
| GILLIES & MACKAY LIMITED→ SC237291 · est 2002 | — | — | £89.9k | — | 23y | 82 | 66y |
| GRM INVESTMENTS LIMITED→ SC346383 · est 2008 | — | — | £31.7k | — | 17y | 82 | 65y |
| J. F. HALLEY & SON LIMITED→ SC282324 · est 2005 | — | — | — | 4 | 21y | 82 | 66y |
| JAMES MOFFAT CONSTRUCTION LIMITED→ SC333711 · est 2007 | — | — | £127.4k | — | 18y | 82 | 61y |
| LANDSTOCK HIGHLAND LIMITED→ SC154534 · est 1994 | — | — | — | — | 31y | 82 | 84y |
| SUTHERS STONEMASONRY LIMITED→ SC799950 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1993-12-17
Jurisdictionscotland
Primary SIC43342 — Glazing
Registered office
11 Feus Road
Perth
Tayside
PH1 2AS
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07
Officers (5 active · 4 resigned)
SWEENEY, Malcolm Alexander→
Activesecretary · appointed 2005-07-13
View their other companies + combined net worth →
BERTIE, Alison Jane→
Activedirector · ~57y · appointed 2023-11-01
View their other companies + combined net worth →
Active
ROBERTSON, Finlay→
Activedirector · ~61y · appointed 2023-11-01
View their other companies + combined net worth →
SWEENEY, Malcolm Alexander→
Activedirector · ~70y · appointed 1994-01-05
View their other companies + combined net worth →
ABL (SECRETARIES) LIMITED→
Resignedcorporate-secretary · appointed 2004-01-26 · resigned 2005-07-13
MILLER HENDRY→
Resignedcorporate-secretary · appointed 1994-01-05 · resigned 2004-01-26
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1993-12-17 · resigned 1994-01-05
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1993-12-17 · resigned 1994-01-05
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Svenska Handelsbanken Ab (Publ) | A registered charge | 1 property | 09/09/2013 | 13/01/2020 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 16/02/1994 | 14/02/2020 |
Recent filings (120 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
change-person-secretary-company-with-change-date
officers · CH03
2025-05-26
change-person-director-company-with-change-date
officers · CH01
2025-05-26
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-08
change-person-director-company-with-change-date
officers · CH01
2024-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-06-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-05-02
change-person-director-company-with-change-date
officers · CH01
2024-05-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC03
2024-05-02
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-05-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-05-02