V.G. MATHERS LIMITED

🌳Matureactive
SC151520 · ltd · incorporated 1994-06-21
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 Jul 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Freight transport by road
Sector: Transportation & storage
Investor take
Pursue
Active trading company with a 88-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 88). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 31.8y

35/100
too messy

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

  • · Oldest live charge is 31.8 years old — likely at or near maturity.
  • · 3 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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31

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 accounts
Last 90 days
3
filings
  • • 2 mortgage
  • • 1 accounts
Last 180 days
3
filings
  • • 2 mortgage
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2026-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-02-27
    🔒
    Charge registered #3
    Lender: Sallyport Commercial Finance LTD
  4. 2026-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-02-17
    🔓
    Charge satisfied #1
  6. 2025-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-02-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-07-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2022-06-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2022-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-04-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  14. 2022-04-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2022-04-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2022-04-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2022-04-11
    ➕
    MATHERS, Irene Murdoch appointed
    director
  18. 2022-03-05
    ➖
    MATHERS, Colin Victor resigned
    director
  19. 2022-03-05
    ➖
    MATHERS, Victor George resigned
    director
  20. 2021-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2019-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2010-09-27
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Commercial Finance Limited
  24. 2010-07-07
    ➕
    MATHERS, Colin Victor appointed
    director
  25. 2005-09-07
    ➕
    FASKIN, Laura Elizabeth appointed
    secretary
  26. 2005-09-07
    ➖
    MATHERS, Colin Victor resigned
    secretary
  27. 1996-07-14
    ➖
    FASKIN, Laura Elizabeth resigned
    secretary
  28. 1995-06-21
    ➕
    FASKIN, Laura Elizabeth appointed
    secretary
  29. 1995-06-21
    ➖
    MIDDLETON, Sandra Elizabeth resigned
    nominee-secretary
  30. 1994-07-25
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  31. 1994-07-14
    ➕
    MATHERS, Colin Victor appointed
    secretary
  32. 1994-07-14
    ➕
    MATHERS, Colin Victor appointed
    director
  33. 1994-07-14
    ➕
    MATHERS, Victor George appointed
    director
  34. 1994-07-14
    ➖
    MCNIVEN, Alan Ross resigned
    nominee-director
  35. 1994-06-21
    🏢
    Company incorporated
    As V.G. MATHERS LIMITED
  36. 1994-06-21
    ➕
    MIDDLETON, Sandra Elizabeth appointed
    nominee-secretary
  37. 1994-06-21
    ➕
    MCNIVEN, Alan Ross appointed
    nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "MATHERS" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
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 88 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 32 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Irene Murdoch Mathers
Individual · Scottish · DOB 12/1938 · age 88
——sig. influencesignificant influence11/04/2022
1 historic (ceased) PSC
  • Mr Victor George Mathersceased 05/03/2022· 75-100% shares

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

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————3y——
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
Incorporated1994-06-21
Jurisdictionscotland
Primary SIC49410 — Freight transport by road

Registered office

Cottown Garage
Kintore
Inverurie
Aberdeenshire
AB51 0XQ

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-07-04
Last: 2025-06-20

Officers (3 active · 6 resigned)

FASKIN, Laura Elizabeth→
secretary · appointed 2005-09-07
View their other companies + combined net worth →
Active
MATHERS, Colin Victor→
director · ~59y · appointed 2010-07-07
View their other companies + combined net worth →
Active
MATHERS, Irene Murdoch→
director · ~88y · appointed 2022-04-11
View their other companies + combined net worth →
Active
FASKIN, Laura Elizabeth→
secretary · appointed 1995-06-21 · resigned 1996-07-14
Resigned
MATHERS, Colin Victor→
secretary · appointed 1994-07-14 · resigned 2005-09-07
Resigned
MIDDLETON, Sandra Elizabeth→
nominee-secretary · appointed 1994-06-21 · resigned 1995-06-21
Resigned
MATHERS, Colin Victor→
director · ~59y · appointed 1994-07-14 · resigned 2022-03-05
Resigned
MATHERS, Victor George→
director · ~91y · appointed 1994-07-14 · resigned 2022-03-05
Resigned
MCNIVEN, Alan Ross→
nominee-director · ~76y · appointed 1994-06-21 · resigned 1994-07-14
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Sallyport Commercial Finance
Sallyport Commercial Finance LTD
A registered charge—27/02/2026—
outstanding
Lloyds Banking Group
Lloyds Tsb Commercial Finance Limited
Bond & floating charge1 property27/09/2010—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/07/199417/02/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (102 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-29
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-03-03
mortgage-satisfy-charge-full
mortgage · MR04
2026-02-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-21
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-14
appoint-person-director-company-with-name-date
officers · AP01
2022-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-30
termination-director-company-with-name-termination-date
officers · TM01
2022-06-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-04-22