GLYCOLOGIC LIMITED

🌳Matureactive
SC198210 · ltd · incorporated 1999-07-19
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Deal-killer verdict: clean → workable
  • · Hygiene score: 90 → 85
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.8y old — refinance window within 12 months
What changed my view
Last 30 days

Mixed signals in the last 30 days — 1 improved, 1 worsened.

  • ·Investment thesis: well_run_hard_buy → unclassified
  • ↑Deal-killer verdict: clean → workable
  • ↓Hygiene score: 90 → 85
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 76/100 (strong), bankability 85/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: 1 insolvency-related filing on record. Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 23.8y

85/100
ready

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

  • · Oldest live charge is 23.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (87/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (2 active, 12 linked, 5 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
117 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2023Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-312023-12-31
Average employees3300300

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
6
filings
  • • 3 officers
  • • 1 accounts
  • • 1 persons-with-significant-control
Last 180 days
6
filings
  • • 3 officers
  • • 1 accounts
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2026-05-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-05-06
    ➖
    DENTONS SECRETARIES LIMITED resigned
    corporate-secretary
  3. 2026-05-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2026-05-06
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  6. 2026-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2026-05-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-08-17
    📄
    memorandum-articles
    incorporation · MA
  13. 2021-08-17
    📄
    resolution
    resolution · RESOLUTIONS
  14. 2021-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-12-31
    📄
    capital-name-of-class-of-shares
    capital · SH08
  16. 2020-12-31
    📄
    legacy
    capital · SH20
  17. 2020-12-31
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  18. 2020-12-31
    ⚠️
    legacy
    insolvency · CAP-SS
  19. 2020-12-31
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2020-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-03-30
    🔓
    Charge satisfied #1
  22. 2017-10-27
    ➕
    DENTONS SECRETARIES LIMITED appointed
    corporate-secretary
  23. 2017-10-27
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  24. 2017-01-31
    ➖
    MARSHALL, John, Professor resigned
    director
  25. 2007-09-21
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  26. 2007-09-21
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  27. 2004-09-08
    ➖
    HUGHES, David Geoffrey, Dr resigned
    director
  28. 2002-08-15
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 2002-06-21
    ➕
    HUGHES, David Geoffrey, Dr appointed
    director
  30. 2002-03-31
    ➕
    JOHNSTONE, Ian James appointed
    director
  31. 2002-01-31
    ➖
    DICKSON, Gordon Charles Alexander, Professor resigned
    director
  32. 2002-01-29
    ➕
    TESTER, Richard Frank, Professor appointed
    director
  33. 2001-08-07
    ➖
    BISHOP, Morison resigned
    secretary
  34. 2001-08-07
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  35. 2001-02-23
    ➕
    BISHOP, Morison appointed
    secretary
  36. 2001-02-23
    ➖
    MACLAY MURRAY & SPENS LLP resigned
    corporate-nominee-secretary
  37. 2001-02-23
    ➕
    DICKSON, Gordon Charles Alexander, Professor appointed
    director
  38. 2001-02-23
    ➕
    MARSHALL, John, Professor appointed
    director
  39. 2001-02-23
    ➖
    VINDEX LIMITED resigned
    corporate-nominee-director
  40. 2001-02-23
    ➖
    VINDEX SERVICES LIMITED resigned
    corporate-nominee-director
  41. 1999-07-19
    🏢
    Company incorporated
    As GLYCOLOGIC LIMITED
  42. 1999-07-19
    ➕
    MACLAY MURRAY & SPENS LLP appointed
    corporate-nominee-secretary
  43. 1999-07-19
    ➕
    VINDEX LIMITED appointed
    corporate-nominee-director
  44. 1999-07-19
    ➕
    VINDEX SERVICES LIMITED appointed
    corporate-nominee-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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 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

1 high ·
1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2020-12-31: legacy

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Professor Richard Frank Tester
Individual · British · DOB 07/1960 · age 66
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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
Incorporated1999-07-19
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

C/O Dains Accountants Ellersley House
30 Miller Road
Ayr
KA7 2AY
United Kingdom

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-07-16
Last: 2025-07-02

Officers (2 active · 10 resigned)

JOHNSTONE, Ian James→
director · ~64y · appointed 2002-03-31
View their other companies + combined net worth →
Active
TESTER, Richard Frank, Professor→
director · ~66y · appointed 2002-01-29
View their other companies + combined net worth →
Active
BISHOP, Morison→
secretary · appointed 2001-02-23 · resigned 2001-08-07
Resigned
DENTONS SECRETARIES LIMITED→
corporate-secretary · appointed 2017-10-27 · resigned 2026-05-06
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2007-09-21 · resigned 2017-10-27
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2001-08-07 · resigned 2007-09-21
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 1999-07-19 · resigned 2001-02-23
Resigned
DICKSON, Gordon Charles Alexander, Professor→
director · ~77y · appointed 2001-02-23 · resigned 2002-01-31
Resigned
HUGHES, David Geoffrey, Dr→
director · ~74y · appointed 2002-06-21 · resigned 2004-09-08
Resigned
MARSHALL, John, Professor→
director · ~71y · appointed 2001-02-23 · resigned 2017-01-31
Resigned
VINDEX LIMITED→
corporate-nominee-director · appointed 1999-07-19 · resigned 2001-02-23
Resigned
VINDEX SERVICES LIMITED→
corporate-nominee-director · appointed 1999-07-19 · resigned 2001-02-23
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 Royal Bank of Scotland PLC
Bond & floating charge1 property15/08/200230/03/2020

Recent filings (117 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-07
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-05-06
change-person-director-company-with-change-date
officers · CH01
2026-05-06
termination-secretary-company-with-name-termination-date
officers · TM02
2026-05-06
change-person-director-company-with-change-date
officers · CH01
2026-05-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-05-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-28
memorandum-articles
incorporation · MA
2021-08-17