PALIMPSEST BOOK PRODUCTION COMPANY LIMITED

🌳Matureactive
SC153712 · ltd · incorporated 1994-10-19
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 31.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£432.2k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: SIC 18130
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 31.5y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 31.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (5 active, 12 linked, 9 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
93 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 declared
Positive net assets
Net assets £432,165
Net assets shrinking
Down £27,474 YoY
Cash YoY
+10%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£415k
↑ 9.7% YoY
Net Worth
£432k
↓ 6.0% YoY
Current Assets
£559k
↑ 5.7% YoY
Current Liabilities
—
£0£112k£224k£335k£447k£559kSept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-30
Total assets£434.2k£462.2k
Current assets£559.1k£529.0k
Cash£415.0k£378.3k
Debtors£144.2k£150.7k
Net assets£432.2k£459.6k

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-10-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2024-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2023-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2023-11-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2023-11-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-10-16
    ➕
    TELFORD, Kay appointed
    director
  10. 2023-08-31
    ➖
    DOWELL, Andrew Calder resigned
    director
  11. 2023-06-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-10-02
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2021-10-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2021-10-01
    ➕
    GARVOCK, Julie appointed
    secretary
  16. 2021-10-01
    ➖
    MORRISON, Ruth resigned
    secretary
  17. 2021-03-31
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2020-08-11
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-08-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-08-01
    ➕
    DOWELL, Andrew Calder appointed
    director
  22. 2020-08-01
    ➖
    O'NEILL, Andrew Thomas resigned
    director
  23. 2020-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-03-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  25. 2018-08-01
    ➕
    O'NEILL, Andrew Thomas appointed
    director
  26. 2018-06-20
    ➕
    FORSYTH, John appointed
    director
  27. 2018-06-20
    ➕
    FORSYTH, John appointed
    director
  28. 2018-06-20
    ➖
    FORSYTH, John resigned
    director
  29. 2018-03-28
    ➕
    MORRISON, Ruth Ailie appointed
    director
  30. 2018-03-05
    🔓
    Charge satisfied #1
  31. 1994-11-07
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 1994-10-19
    🏢
    Company incorporated
    As PALIMPSEST BOOK PRODUCTION COMPANY LIMITED
  33. 1994-10-19
    ➕
    MORRISON, Craig William appointed
    director
  34. 1994-10-19
    ➕
    FLINT, David appointed
    secretary
  35. 1994-10-19
    ➖
    FLINT, David resigned
    secretary
  36. 1994-10-19
    ➕
    MORRISON, Ruth appointed
    secretary
  37. 1994-10-19
    ➕
    DICKSON, Ian appointed
    director
  38. 1994-10-19
    ➖
    DICKSON, Ian resigned
    director
  39. 1994-10-19
    ➕
    FLINT, David appointed
    director
  40. 1994-10-19
    ➖
    FLINT, David resigned
    director

Owner dependency

66/100
High — earn-out structure required

Material 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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • 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

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
Mr Craig William Morrison
Individual · British · DOB 02/1964 · age 62
25–50%
—25-50% shares17/10/2016
1 historic (ceased) PSC
  • Mrs Ruth Ailie Morrisonceased 01/08/2018· 25-50% shares

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

6 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
Incorporated1994-10-19
Jurisdictionscotland
Primary SIC18130 — SIC 18130

Registered office

1 Etna Road
Falkirk
FK2 9EG
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-29
Last: 2025-10-15

Officers (5 active · 7 resigned)

GARVOCK, Julie→
secretary · appointed 2021-10-01
View their other companies + combined net worth →
Active
FORSYTH, John→
director · ~42y · appointed 2018-06-20
View their other companies + combined net worth →
Active
MORRISON, Craig William→
director · ~62y · appointed 1994-10-19
View their other companies + combined net worth →
Active
MORRISON, Ruth Ailie→
director · ~61y · appointed 2018-03-28
View their other companies + combined net worth →
Active
TELFORD, Kay→
director · ~48y · appointed 2023-10-16
View their other companies + combined net worth →
Active
FLINT, David→
secretary · appointed 1994-10-19 · resigned 1994-10-19
Resigned
MORRISON, Ruth→
secretary · appointed 1994-10-19 · resigned 2021-10-01
Resigned
DICKSON, Ian→
director · ~76y · appointed 1994-10-19 · resigned 1994-10-19
Resigned
DOWELL, Andrew Calder→
director · ~43y · appointed 2020-08-01 · resigned 2023-08-31
Resigned
FLINT, David→
director · ~71y · appointed 1994-10-19 · resigned 1994-10-19
Resigned
FORSYTH, John→
director · ~38y · appointed 2018-06-20 · resigned 2018-06-20
Resigned
O'NEILL, Andrew Thomas→
director · ~68y · appointed 2018-08-01 · resigned 2020-08-01
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property07/11/199405/03/2018

Recent filings (93 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
change-person-secretary-company-with-change-date
officers · CH03
2024-10-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-22
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-27