SCOTLUBE LIMITED

💤Zombieactive

SC229246 · ltd · incorporated 2002-03-15

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: SIC 38110

Sector: Water supply & waste

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

Data confidence

Overall: medium (78/100)

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

Confirmed no charges registered

Directors & officers

9 officers (2 active, 9 linked, 4 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

67 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

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	2025-03-31	2024-03-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2025-11-24
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-11-25
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-11-22
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-11-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2021-11-28
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-16
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-12-05
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-03-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-03-15
➕
MITCHELL, Stephen Paul appointed
director
2019-03-15
➖
WHITE, Alan Michael resigned
director
2018-12-03
📄
accounts-with-accounts-type-dormant
accounts · AA
2017-12-21
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-12-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2016-03-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-21
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-03-21
📄
change-person-director-company-with-change-date
officers · CH01
2014-03-01
➖
WHITE, Janet Rose resigned
secretary
2013-11-20
➕
WHITE, Alan Michael appointed
director
2013-11-19
➖
CLAYTON, Stewart resigned
director
2010-03-01
➕
MITCHELL, Stephen Paul appointed
secretary
2010-02-28
➖
GRACEY, Geoffrey Bartley resigned
secretary
2009-12-07
➕
WHITE, Janet Rose appointed
secretary
2007-01-19
➖
FINLAYSON, James resigned
director
2002-03-15
🏢
Company incorporated
As SCOTLUBE LIMITED
2002-03-15
➕
GRACEY, Geoffrey Bartley appointed
secretary
2002-03-15
➕
YORK PLACE COMPANY SECRETARIES LIMITED appointed
corporate-nominee-secretary
2002-03-15
➖
YORK PLACE COMPANY SECRETARIES LIMITED resigned
corporate-nominee-secretary
2002-03-15
➕
CLAYTON, Stewart appointed
director
2002-03-15
➕
FINLAYSON, James appointed
director
2002-03-15
➕
YORK PLACE COMPANY NOMINEES LIMITED appointed
corporate-nominee-director
2002-03-15
➖
YORK PLACE COMPANY NOMINEES LIMITED resigned
corporate-nominee-director

Owner dependency

75/100

High — earn-out structure required

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

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100

Strong succession signal

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

SIGNALS

primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Stephen Paul Mitchell Individual · British · DOB 02/1969 · age 57	75–100%	—	75-100% shares	01/10/2016

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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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NWH GROUP LIMITED→ SC335165 · est 2007	£11.16M £8.04M–£14.29M	—	—	35600	18y	84	61y
DALTON GROUP LIMITED→ SC088385 · est 1984	£6.78M £4.88M–£8.68M	—	—	6500	41y	82	39y
AW JENKINSON (WOODWASTE) LIMITED→ SC166685 · est 1996	£2.98M £2.14M–£3.81M	£11.23M	—	3600	29y	85	64y
BENMORE ESTATE LIMITED→ SC192048 · est 1998	—	—	£18.74M	—	27y	83	66y
BINN RENEWABLE ENERGY LIMITED→ SC375446 · est 2010 · no financials extracted	—	—	—	—	16y	83	81y
CALEDONIAN ALLOYS LIMITED→ SC162625 · est 1996 · no financials extracted	—	—	—	—	30y	83	71y
HOME BASICS (TWEEDDALE) COMPANY LIMITED→ SC234746 · est 2002 · no financials extracted	—	—	—	—	23y	83	79y
AAIRECOOL TECHNICAL SERVICES LIMITED→ SC135544 · est 1991	—	—	—	700	34y	82	72y
ELIOCK HYDRO ELECTRIC COMPANY LIMITED→ SC133236 · est 1991	—	—	—	100	34y	82	68y
FORTH RESOURCE MANAGEMENT LIMITED→ SC229855 · est 2002	—	—	—	54	24y	82	64y
GREENSPAN ELECTRIC BALQUHINDACHY LIMITED→ SC357454 · est 2009	—	—	£753.6k	—	17y	82	59y
GREENSPAN ELECTRIC CAIRNMORE LIMITED→ SC357453 · est 2009	—	—	£571.6k	—	17y	82	59y

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

Incorporated2002-03-15

Jurisdictionscotland

Primary SIC38110 — SIC 38110

Registered office

Summit House 4-5

Mitchell Street

Edinburgh

EH6 7BD

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-29

Last: 2026-03-15

Officers (2 active · 7 resigned)

MITCHELL, Stephen Paul→

secretary · appointed 2010-03-01

View their other companies + combined net worth →

Active

MITCHELL, Stephen Paul→

director · ~57y · appointed 2019-03-15

View their other companies + combined net worth →

Active

GRACEY, Geoffrey Bartley→

secretary · appointed 2002-03-15 · resigned 2010-02-28

Resigned

WHITE, Janet Rose→

secretary · appointed 2009-12-07 · resigned 2014-03-01

Resigned

YORK PLACE COMPANY SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2002-03-15 · resigned 2002-03-15

Resigned

CLAYTON, Stewart→

director · ~76y · appointed 2002-03-15 · resigned 2013-11-19

Resigned

FINLAYSON, James→

director · ~87y · appointed 2002-03-15 · resigned 2007-01-19

Resigned

WHITE, Alan Michael→

director · ~79y · appointed 2013-11-20 · resigned 2019-03-15

Resigned

YORK PLACE COMPANY NOMINEES LIMITED→

corporate-nominee-director · appointed 2002-03-15 · resigned 2002-03-15

Resigned

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