KINCARDINE MANUFACTURING SERVICES LIMITED
🌳Matureactive
SC226460 · ltd · incorporated 2001-12-19
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£1.69M
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
PursueActive trading company. Family succession underway — not a classic acquisition target.
Opportunity 78/100 (strong), bankability 67/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: 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
8 live charges · 5 lenders · oldest 23.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 23.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: high (81/100)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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £1,686,493
Key financials
2 years extracted from filed iXBRL accountsCash
£117k
Net Worth
£1.7m
Current Assets
£2.1m
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 |
|---|---|---|
| Total assets | £2.45M | — |
| Current assets | £2.06M | — |
| Cash | £117.2k | — |
| Debtors | £1.29M | — |
| Net assets | £1.69M | — |
| Average employees | — | 4500 |
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
0
filings
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
- 2025-11-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-09-08📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-08-07📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-08-07📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2025-08-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-07-28🔒Charge registered #8Lender: Lloyds Bank Commercial Finance Limited
- 2025-03-04➕TRUSCOTT, Kevin Graham appointeddirector
- 2025-03-04📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-03🔒Charge registered #7Lender: Bank of Scotland PLC
- 2024-08-26📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-08-19🔒Charge registered #6Lender: Bank of Scotland PLC
- 2024-08-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-01➕VAN BILDERBEEK, Anastasio Johan Michael James appointeddirector
- 2024-06-25📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-01-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-01-13🔓Charge satisfied #5
- 2024-01-08📄memorandum-articlesincorporation · MA
- 2024-01-08📄resolutionresolution · RESOLUTIONS
- 2023-11-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-27➖STEVENS, Graham Paul resigneddirector
- 2023-07-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-06-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-09-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-11-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-14➕TRUSCOTT, Craig Roy appointeddirector
- 2018-12-14➖DAVIE, Brian Michael resigneddirector
- 2018-12-14➕STEVENS, Graham Paul appointeddirector
- 2018-06-14🔓Charge satisfied #2
- 2016-01-08🔒Charge registered #5Lender: Lloyds Bank Commercial Finance Limited
- 2015-12-24🔓Charge satisfied #4
- 2015-01-15🔓Charge satisfied #3
- 2014-12-02🔒Charge registered #4Lender: Hsbc Bank PLC
- 2013-10-12🔓Charge satisfied #1
- 2013-04-10🔒Charge registered #3Lender: Bibby Factors Scotland Limited
- 2013-04-01➕TRUSCOTT, Graham appointeddirector
- 2009-02-16➖C & P (NOMINEES) LIMITED resignedcorporate-secretary
- 2008-03-06🔒Charge registered #2Lender: Hsbc Bank PLC
- 2003-03-17🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2002-12-19➕DAVIE, Brian Michael appointeddirector
- 2002-12-01➖TRUSCOTT, John Parker resigneddirector
- 2001-12-20➖BRIGHTON SECRETARY LTD resignedcorporate-nominee-secretary
- 2001-12-20➕C & P (NOMINEES) LIMITED appointedcorporate-secretary
- 2001-12-20➕TRUSCOTT, John Parker appointeddirector
- 2001-12-20➖BRIGHTON DIRECTOR LTD resignedcorporate-nominee-director
- 2001-12-19🏢Company incorporatedAs KINCARDINE MANUFACTURING SERVICES LIMITED
- 2001-12-19➕BRIGHTON SECRETARY LTD appointedcorporate-nominee-secretary
- 2001-12-19➕BRIGHTON DIRECTOR LTD appointedcorporate-nominee-director
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
23/100
No succession signalNo meaningful acquirability indicators from public data.
SIGNALS
- primaryFamily succession underway: Not a takeover target — TRUSCOTT, Kevin Graham (same surname) appointed 2025-03-04. Pattern consistent with intra-family handover.
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 13 years.
- 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
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Plexus Ocean Systems Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
Plexus Ocean Systems Limited
Corporate parent · holds 25-50% shares
⬇
KINCARDINE MANUFACTURING SERVICES LIMITED
This company · SC226460
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Plexus Ocean Systems Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/12/2018 |
1 historic (ceased) PSC
- Mr Graham Truscottceased 14/12/2018· significant influence
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 · Manufacturing · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| OFFLOAD HOSE SERVICES LTD→ SC881938 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| OIL & GAS PROCESS SERVICES LTD→ SC803053 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ONE-DYAS EOG LIMITED→ SC005122 · est 1902 · no financials extracted | — | — | — | — | 123y | — | — |
| OREGON TIMBER FRAME LTD.→ SC181419 · est 1997 · no financials extracted | — | — | — | — | 28y | — | — |
| ORGANICA J LTD→ SC762712 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| PAD RISK CONSULTING LIMITED→ SC576758 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PARKMEAD RENEWABLE ENERGY LIMITED→ SC803908 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| PFR SUBSEA LTD→ SC566376 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| PIPPA CONSTRUCTION & CRAFTS LTD→ SC703107 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| PITMACHIE GARAGE LIMITED→ SC258585 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| PIX INVESTMENTS LIMITED→ SC185718 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| PJB INSPECTION LTD→ SC874054 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2001-12-19
Jurisdictionscotland
Primary SIC25990 — SIC 25990
Registered office
Sky House Broomhill Road
Spurryhillock Industrial Estate
Stonehaven
Aberdeenshire
AB39 2NH
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-23
Last: 2025-05-09
Officers (4 active · 6 resigned)
TRUSCOTT, Craig Roy→
Activedirector · ~41y · appointed 2018-12-14
View their other companies + combined net worth →
TRUSCOTT, Graham→
Activedirector · ~69y · appointed 2013-04-01
View their other companies + combined net worth →
TRUSCOTT, Kevin Graham→
Activedirector · ~40y · appointed 2025-03-04
View their other companies + combined net worth →
VAN BILDERBEEK, Anastasio Johan Michael James→
Activedirector · ~52y · appointed 2024-07-01
View their other companies + combined net worth →
BRIGHTON SECRETARY LTD→
Resignedcorporate-nominee-secretary · appointed 2001-12-19 · resigned 2001-12-20
C & P (NOMINEES) LIMITED→
Resignedcorporate-secretary · appointed 2001-12-20 · resigned 2009-02-16
DAVIE, Brian Michael→
Resigneddirector · ~55y · appointed 2002-12-19 · resigned 2018-12-14
STEVENS, Graham Paul→
Resigneddirector · ~68y · appointed 2018-12-14 · resigned 2023-10-27
TRUSCOTT, John Parker→
Resigneddirector · ~98y · appointed 2001-12-20 · resigned 2002-12-01
BRIGHTON DIRECTOR LTD→
Resignedcorporate-nominee-director · appointed 2001-12-19 · resigned 2001-12-20
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
3
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 28/07/2025 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 03/10/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 19/08/2024 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank Commercial Finance Limited | A registered charge | — | 08/01/2016 | 13/01/2024 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 02/12/2014 | 24/12/2015 | |
| satisfied | Bibby Financial Services Bibby Factors Scotland Limited | A registered charge | 1 property | 10/04/2013 | 15/01/2015 | |
| satisfied | HSBC Hsbc Bank PLC | Standard security | 1 property | 06/03/2008 | 14/06/2018 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 17/03/2003 | 12/10/2013 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (91 total)
appoint-person-director-company-with-name-date
officers · AP01
2025-11-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-08
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-08-07
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2025-08-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-20
appoint-person-director-company-with-name-date
officers · AP01
2025-03-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-01
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-06-25
confirmation-statement-with-updates
confirmation-statement · CS01
2024-05-09
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-13
memorandum-articles
incorporation · MA
2024-01-08
resolution
resolution · RESOLUTIONS
2024-01-08