SALTIRE SHIPPING LIMITED

🌳Matureactive
SC190906 · ltd · incorporated 1998-11-06
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 Nov 2024
Net worth
£208.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 50200
Sector: Transportation & storage
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 25.5y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 25.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
82 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £208,664
Net assets shrinking
Down £91,490 YoY
Cash YoY
-17%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£196k
↓ 17% YoY
Net Worth
£209k
↓ 30% YoY
Current Assets
£282k
↓ 12% YoY
Current Liabilities
—
£0£64k£128k£193k£257k£321kNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£208.7k£300.2k
Current assets£281.7k£320.9k
Cash£196.2k£235.6k
Debtors£85.4k£85.3k
Net assets£208.7k£300.2k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-06-27
    📄
    memorandum-articles
    incorporation · MA
  4. 2023-06-27
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2023-06-27
    📄
    capital-name-of-class-of-shares
    capital · SH08
  6. 2023-06-27
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  7. 2023-06-26
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-01-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2023-01-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2022-04-28
    📄
    capital-variation-of-rights-attached-to-shares
    capital · SH10
  12. 2022-04-28
    📄
    capital-name-of-class-of-shares
    capital · SH08
  13. 2022-04-28
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2022-04-28
    📄
    memorandum-articles
    incorporation · MA
  15. 2022-04-28
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2022-04-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  17. 2022-04-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2022-04-27
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2022-04-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2022-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2022-04-25
    ➕
    MARTIN, Andrew Allison appointed
    director
  22. 2022-04-25
    ➖
    MARTIN, Andrew Allison resigned
    director
  23. 2022-03-31
    ➕
    MARTIN, Greig appointed
    director
  24. 2022-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2010-01-15
    ➖
    MARTIN, Greig resigned
    director
  26. 2000-10-15
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  27. 1998-11-06
    🏢
    Company incorporated
    As SALTIRE SHIPPING LIMITED
  28. 1998-11-06
    ➕
    MARTIN, Helen Taylor appointed
    secretary
  29. 1998-11-06
    ➕
    MARTIN, Helen Taylor appointed
    director
  30. 1998-11-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  31. 1998-11-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 1998-11-06
    ➕
    MARTIN, Andrew Allison appointed
    director
  33. 1998-11-06
    ➕
    MARTIN, Greig appointed
    director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100
Moderate signal

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

SIGNALS
  • primaryFamily succession underway: Not a takeover target — MARTIN, Greig (same surname) appointed 2022-03-31. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 27 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
NameSharesVoting rightsNature of controlNotified
Mr Greig Martin
Individual · British · DOB 12/1980 · age 46
50–75%
50–75%board control50-75% shares · 50-75% voting · board control31/03/2022
Mrs Helen Taylor Martin
Individual · British · DOB 03/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Mr Andrew Allison Martinceased 31/03/2022· 50-75% shares · 50-75% voting · board control

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

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——590050y8784y
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————27y8262y
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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
Incorporated1998-11-06
Jurisdictionscotland
Primary SIC50200 — SIC 50200

Registered office

No 12 Jubilee House
Saltire Centre
Glenrothes
Fife
KY6 2AH

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-01
Last: 2025-06-17

Officers (4 active · 3 resigned)

MARTIN, Helen Taylor→
secretary · appointed 1998-11-06
View their other companies + combined net worth →
Active
MARTIN, Andrew Allison→
director · ~70y · appointed 2022-04-25
View their other companies + combined net worth →
Active
MARTIN, Greig→
director · ~46y · appointed 2022-03-31
View their other companies + combined net worth →
Active
MARTIN, Helen Taylor→
director · ~69y · appointed 1998-11-06
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1998-11-06 · resigned 1998-11-06
Resigned
MARTIN, Andrew Allison→
director · ~70y · appointed 1998-11-06 · resigned 2022-04-25
Resigned
MARTIN, Greig→
director · ~46y · appointed 1998-11-06 · resigned 2010-01-15
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property15/10/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (82 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-03
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-28
memorandum-articles
incorporation · MA
2023-06-27
resolution
resolution · RESOLUTIONS
2023-06-27
capital-name-of-class-of-shares
capital · SH08
2023-06-27
capital-variation-of-rights-attached-to-shares
capital · SH10
2023-06-27
resolution
resolution · RESOLUTIONS
2023-06-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-15
appoint-person-director-company-with-name-date
officers · AP01
2023-01-13
termination-director-company-with-name-termination-date
officers · TM01
2023-01-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-16
capital-variation-of-rights-attached-to-shares
capital · SH10
2022-04-28