VITEC LTD

🌳Matureactive

SC225313 · ltd · incorporated 2001-11-14

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 Dec 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 26309

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 5 lenders · oldest 22.8y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 22.8 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

19 officers (8 active, 19 linked, 15 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

143 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

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

100

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	2024-12-31	2023-12-31

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2025-04-01
📄
accounts-with-accounts-type-group
accounts · AA
2024-05-27
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-26
➕
MCCOLGAN, Sarah appointed
secretary
2023-10-26
➖
ROSS, Simon Robert Alexander resigned
secretary
2023-10-26
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-10-26
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-05-18
📄
accounts-with-accounts-type-group
accounts · AA
2022-05-04
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2022-05-04
📄
resolution
resolution · RESOLUTIONS
2022-02-15
📄
accounts-with-accounts-type-group
accounts · AA
2021-06-14
📄
capital-allotment-shares
capital · SH01
2021-05-14
📄
memorandum-articles
incorporation · MA
2021-05-14
📄
resolution
resolution · RESOLUTIONS
2021-05-13
📄
capital-name-of-class-of-shares
capital · SH08
2021-04-12
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2021-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-12
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-04-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-04-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-03-31
➕
PINET, Dominique appointed
director
2021-03-31
➕
QUESNE, Nicolas appointed
director
2021-03-31
➕
WETZEL, Caroline appointed
director
2021-03-31
➕
WETZEL, Eric appointed
director
2021-03-31
➕
WETZEL, Marine appointed
director
2021-03-31
➕
WETZEL, Philippe appointed
director
2021-03-31
➖
ALLAN, Michael James resigned
director
2021-03-31
➖
HOGARTH, Mark Stephen resigned
director
2021-03-31
➖
ROSS, Simon Robert Alexander resigned
director
2021-03-31
➖
STEWART, Hugh John Patrick resigned
director
2021-03-31
🔓
Charge satisfied #4
2021-01-25
🔓
Charge satisfied #6
2021-01-20
🔓
Charge satisfied #5
2017-11-20
➖
THOMAS, David Owen resigned
director
2015-07-10
🔒
Charge registered #6
Lender: Hsbc Bank PLC
2015-02-10
🔓
Charge satisfied #2
2015-02-02
🔓
Charge satisfied #3
2015-01-28
🔒
Charge registered #5
Lender: Hsbc Invoice Finance (UK) LTD
2015-01-14
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2014-08-01
➕
HOGARTH, Mark Stephen appointed
director
2014-06-01
➕
STEWART, Hugh John Patrick appointed
director
2011-03-14
➖
CORFIELD, Christopher David resigned
director
2008-11-08
🔓
Charge satisfied #1
2008-09-19
🔒
Charge registered #3
Lender: Rbs Invoice Finance Limited
2008-09-19
🔒
Charge registered #2
Lender: Royal Bank of Scotland PLC
2004-06-21
➖
FARQUHAR, Colin resigned
secretary
2004-06-21
➕
ROSS, Simon Robert Alexander appointed
secretary
2004-06-21
➕
ROSS, Simon Robert Alexander appointed
director

Showing most recent 50 of 63 events

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 25 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Philippe Wetzel Individual · French · DOB 01/1960 · age 66	75–100%	—	75-100% shares · firm interest	31/03/2021

1 historic (ceased) PSC

Shackleton Secondaries 3 Lp (Sl016534)ceased 31/03/2021· 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

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004	—	—	—	42	21y	85	66y
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FCE HYDRAULICS LTD→ SC191289 · est 1998	—	—	£655.5k	—	27y	83	68y
PR2 ENGINEERING LIMITED→ SC278634 · est 2005 · no financials extracted	—	—	—	—	21y	83	60y
STONE MARINE SERVICES LIMITED→ SC202418 · est 1999	—	—	£2.02M	—	26y	83	75y
TEN 47 LIMITED→ SC216186 · est 2001	—	—	£4.37M	—	25y	83	61y
AXYZ ENGINEERING LIMITED→ SC222810 · est 2001	—	—	—	400	24y	82	65y
BELLISTON QUARRY COMPANY LTD. (THE)→ SC022558 · est 1943 · no financials extracted	—	—	—	—	82y	82	94y
CONTRACT SOLUTIONS (SCOTLAND) LIMITED→ SC305000 · est 2006 · no financials extracted	—	—	—	—	19y	82	75y
COOLFORCE LIMITED→ SC204027 · est 2000	—	—	—	0	26y	82	61y
DAVID L DOUGLAS LIMITED→ SC385357 · est 2010	—	—	—	1700	15y	82	70y
EDEN ILLUMINATION LTD→ SC365181 · est 2009	—	—	£38.6k	—	16y	82	69y

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

Incorporated2001-11-14

Jurisdictionscotland

Primary SIC26309 — SIC 26309

Registered office

St Davids House St. Davids Business Park

Dalgety Bay

Dunfermline

KY11 9NB

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-09-18

Last: 2025-09-04