STEWART PIPEWORK LIMITED

💤Zombieactive

SC173222 · ltd · incorporated 1997-03-05

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 33190

Sector: Manufacturing

ALSO REGISTERED FOR

43220Plumbing, heat and air-conditioning installation

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (75/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

4 officers (2 active, 4 linked, 1 with DOB)

Ownership & PSC

2 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

67 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2025-03-31	2024-03-31
Average employees	200	200

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

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 90 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 180 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2026-04-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-04-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-09
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-06
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-10-08
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-20
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-01-25
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-30
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-20
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
1997-03-05
🏢
Company incorporated
As STEWART PIPEWORK LIMITED
1997-03-05
➕
STEWART, Alison appointed
secretary
1997-03-05
➕
STEWART, Peter appointed
director
1997-03-05
➕
FIRST SCOTTISH SECRETARIES LIMITED appointed
corporate-nominee-secretary
1997-03-05
➖
FIRST SCOTTISH SECRETARIES LIMITED resigned
corporate-nominee-secretary
1997-03-05
➕
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
corporate-nominee-director
1997-03-05
➖
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
corporate-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

+Sole director: Only one active director — all governance concentrated on one person.
+Founder name in company name: Company name contains director surname "STEWART" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 29 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

100/100

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 71 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 29 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Alison Stewart Individual · British · DOB 03/1956 · age 70	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	01/03/2026
Mr Peter Stewart Individual · British · DOB 03/1955 · age 71	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	05/03/2017

1 historic (ceased) PSC

Mrs Alison Stewartceased 01/03/2026· 25-50% shares · 25-50% voting · board control

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

Similar companies

Active · Manufacturing · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
THE FRAGRANCE DEPARTMENT LTD→ SC862877 · est 2025 · no financials extracted	—	—	—	—	—	—	—
THEIA UNLIMITED LIMITED→ SC772587 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
THREE60 ENERGY WELLS UK LIMITED→ SC131282 · est 1991 · no financials extracted	—	—	—	—	35y	—	—
TIERNEY STRACHAN CONSULTING LIMITED→ SC177770 · est 1997 · no financials extracted	—	—	—	—	28y	—	—
TOUGH ACCESS LTD→ SC818885 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
TRANSITION CLEAN SOLUTIONS LIMITED→ SC683889 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
TREVOR MCDONALD (MARINE ENGINE SERVICES) LTD.→ SC322848 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
TRITON MARINE & ENGINEERING CONSULTANTS LIMITED→ SC556056 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
TRITON MARINE SERVICES LIMITED→ SC608268 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
TT INSPECTION LTD→ SC824382 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
V-TES LIMITED→ SC433495 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
VECTOR SUPPLIES LIMITED→ SC103810 · est 1987 · no financials extracted	—	—	—	—	39y	—	—

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

Incorporated1997-03-05

Jurisdictionscotland

Primary SIC33190 — SIC 33190

Registered office

19 Commerce Street

Insch

Aberdeenshire

AB52 6HX

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-19

Last: 2026-03-05

Officers (2 active · 2 resigned)

STEWART, Alison→

secretary · appointed 1997-03-05

View their other companies + combined net worth →

Active

STEWART, Peter→

director · ~71y · appointed 1997-03-05

View their other companies + combined net worth →

Active

FIRST SCOTTISH SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1997-03-05 · resigned 1997-03-05

Resigned

FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→

corporate-nominee-director · appointed 1997-03-05 · resigned 1997-03-05

Resigned

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

Recent filings (67 total)

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2026-04-14

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2026-04-14