ETHIGEN LIMITED
🌳Matureactive
SC208842 · ltd · incorporated 2000-07-06
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£23.51M
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 46460
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 74/100 (strong), bankability 67/100. 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: strategic trade sale (63/100).
🏦
Refinance opportunity
3 live charges · 3 lenders · oldest 25.4y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 25.4 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
77 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £23,507,481
Cash YoY
-32%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£19k
↓ 32% YoY
Net Worth
£24m
↑ 10% YoY
Current Assets
£85m
↑ 3.9% YoY
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 |
|---|---|---|
| Total assets | £25.55M | £22.36M |
| Current assets | £84.71M | £81.50M |
| Cash | £19.0k | £28.2k |
| Debtors | £56.84M | £59.40M |
| Net assets | £23.51M | £21.32M |
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 (31 events)Click to expand
- 2026-02-25📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-30📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-17📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2023-02-28📄accounts-with-accounts-type-fullaccounts · AA
- 2022-02-15📄accounts-with-accounts-type-fullaccounts · AA
- 2022-01-18➕KELLY, Rachel appointeddirector
- 2022-01-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-05-26📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-09📄resolutionresolution · RESOLUTIONS
- 2020-12-19📄capital-name-of-class-of-sharescapital · SH08
- 2020-12-17➕KELLY, Dominic appointeddirector
- 2020-12-17➕KELLY, Joshua appointeddirector
- 2020-12-17➕KELLY, Nigel appointeddirector
- 2020-12-17➖KELLY, Nigel Joseph resigneddirector
- 2020-12-17📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-12-17📄resolutionresolution · RESOLUTIONS
- 2020-12-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-12-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-03-03📄accounts-with-accounts-type-fullaccounts · AA
- 2010-09-14🔓Charge satisfied #1
- 2004-06-16🔒Charge registered #3Lender: The Royal Bank of Scotland Commercial Services Limited
- 2004-06-10🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2000-12-18🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2000-07-06🏢Company incorporatedAs ETHIGEN LIMITED
- 2000-07-06➕KELLY, Martin appointedsecretary
- 2000-07-06➕KELLY, Nigel Joseph appointeddirector
Owner dependency
48/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryStable-but-static management: Company is 26 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Ethigen Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Ethigen Holdings Limited
Corporate parent · holds 75-100% shares · board control
⬇
ETHIGEN LIMITED
This company · SC208842
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ethigen Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 17/12/2020 |
2 historic (ceased) PSCs
- Mr Nigel Joseph Kellyceased 17/12/2020· 25-50% shares
- Mrs Andrea Maria Kellyceased 17/12/2020· 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 →Similar companies
Active · Wholesale & distribution · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FERGUSON WHISKY LIMITED→ SC705544 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FH WHOLESALE LIMITED→ SC841041 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIRST HALAL MEAT LTD→ SC707980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FKBTEX LIMITED→ SC884014 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FOLOG LTD→ SC858557 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FORNAX TRADING LIMITED→ SC709904 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FTRE GLASGOW LTD→ SC676535 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FULL STOP PERIOD WEAR LTD→ SC793072 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FUSIONTEL LTD→ SC804980 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FUTURTEC LTD→ SC819125 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| G & KM LIMITED→ SC666877 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GAASCH PACKAGING (UK) LIMITED→ SC214065 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated2000-07-06
Jurisdictionscotland
Primary SIC46460 — SIC 46460
Registered office
10 /16
10 Colvilles Place
East Kilbride
G75 0SN
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-07-20
Last: 2025-07-06
Officers (5 active · 1 resigned)
Active
KELLY, Dominic→
Activedirector · ~28y · appointed 2020-12-17
View their other companies + combined net worth →
KELLY, Joshua→
Activedirector · ~26y · appointed 2020-12-17
View their other companies + combined net worth →
KELLY, Nigel→
Activedirector · ~30y · appointed 2020-12-17
View their other companies + combined net worth →
KELLY, Rachel→
Activedirector · ~23y · appointed 2022-01-18
View their other companies + combined net worth →
KELLY, Nigel Joseph→
Resigneddirector · ~60y · appointed 2000-07-06 · resigned 2020-12-17
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 16/06/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 10/06/2004 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 18/12/2000 | 14/09/2010 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
accounts-with-accounts-type-full
accounts · AA
2026-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-25
accounts-with-accounts-type-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-12
accounts-with-accounts-type-full
accounts · AA
2024-01-17
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-12
accounts-with-accounts-type-full
accounts · AA
2023-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-15
accounts-with-accounts-type-full
accounts · AA
2022-02-15
appoint-person-director-company-with-name-date
officers · AP01
2022-01-18
confirmation-statement-with-updates
confirmation-statement · CS01
2021-08-09
accounts-with-accounts-type-full
accounts · AA
2021-05-26
resolution
resolution · RESOLUTIONS
2021-03-09
capital-name-of-class-of-shares
capital · SH08
2020-12-19