BLACKWOOD PARTNERSHIP LIMITED

🌳Matureactive

SC232555 · ltd · incorporated 2002-06-10

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to May 2025

Net worth

£121.1k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other engineering activities

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -43% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.0y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 11.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

10 officers (3 active, 10 linked, 7 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

77 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

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.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £121,110

Cash draining

Cash down 43% YoY

Cash YoY

-43%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£96k

↓ 43% YoY

Net Worth

£121k

↑ 12% YoY

Current Assets

£357k

↓ 11% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-05-31	2024-05-31
Total assets	£151.1k	£167.9k
Current assets	£357.4k	£402.3k
Cash	£96.3k	£168.5k
Debtors	£191.2k	£163.8k
Net assets	£121.1k	£107.9k

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

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (35 events)Click to expand

2025-12-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-15
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-06
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-11-25
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-11-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-11-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-11-01
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2016-11-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-10-17
📄
capital-allotment-shares
capital · SH01
2016-06-01
➕
ANDERSON, Mark appointed
director
2016-06-01
➕
STEWART, Justin appointed
director
2016-05-31
➖
CHRISTIE, Graham resigned
secretary
2016-05-31
➖
CHRISTIE, Graham resigned
director
2016-05-31
➖
JEFFS, Kenneth John resigned
director
2015-05-01
➕
GELLAITRY, Mark appointed
director
2015-05-01
➖
GELLAITRY, Mark resigned
director
2015-05-01
🔒
Charge registered #1
Lender: Bank of Scotland PLC
2015-04-08
➕
GELLAITRY, Charles Mark appointed
director
2009-01-25
➖
BLACKWOOD, William resigned
director
2002-06-10
🏢
Company incorporated
As BLACKWOOD PARTNERSHIP LIMITED
2002-06-10
➕
CHRISTIE, Graham appointed
secretary
2002-06-10
➕
FIRST SCOTTISH SECRETARIES LIMITED appointed
corporate-nominee-secretary
2002-06-10
➖
FIRST SCOTTISH SECRETARIES LIMITED resigned
corporate-nominee-secretary
2002-06-10
➕
BLACKWOOD, William appointed
director
2002-06-10
➕
CHRISTIE, Graham appointed
director
2002-06-10
➕
JEFFS, Kenneth John appointed
director
2002-06-10
➕
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
corporate-nominee-director
2002-06-10
➖
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondaryStable-but-static management: Company is 24 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

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Charles Mark Gellaitry Individual · British · DOB 06/1961 · age 65	—	—	sig. influencesignificant influence	10/06/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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BARCLAY HARRIS LTD→ SC667550 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
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BLISS ADVOCATE LTD→ SC764264 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
BLUE DOOR ARCHITECTURE LTD→ SC714143 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
BONACCORD ECOSSE LIMITED→ SC323251 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
BOOTH ACCOUNTING & HR PROFESSIONAL SEVICES LTD→ SC647447 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
BOTANICAL VETERINARY CARE LTD→ SC723753 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
BOYD LEGAL LIMITED→ SC458598 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
BOYTER CONSULTING LTD→ SC806262 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
BRACEY'S ACCOUNTANTS (EDINBURGH) LIMITED→ SC592666 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
BRACKEN SOLUTIONS LTD→ SC600561 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
BRAEMAR LEGAL LIMITED→ SC807875 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2002-06-10

Jurisdictionscotland

Primary SIC71129 — Other engineering activities

Registered office

6 Atholl Place

Edinburgh

EH3 8HP

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2026-06-24

Last: 2025-06-10

Officers (3 active · 7 resigned)

ANDERSON, Mark→

director · ~57y · appointed 2016-06-01

View their other companies + combined net worth →

Active

GELLAITRY, Charles Mark→

director · ~65y · appointed 2015-04-08

View their other companies + combined net worth →

Active

STEWART, Justin→

director · ~56y · appointed 2016-06-01

View their other companies + combined net worth →

Active

CHRISTIE, Graham→

secretary · appointed 2002-06-10 · resigned 2016-05-31

Resigned

FIRST SCOTTISH SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 2002-06-10 · resigned 2002-06-10

Resigned

BLACKWOOD, William→

director · ~89y · appointed 2002-06-10 · resigned 2009-01-25

Resigned

CHRISTIE, Graham→

director · ~78y · appointed 2002-06-10 · resigned 2016-05-31

Resigned

GELLAITRY, Mark→

director · ~65y · appointed 2015-05-01 · resigned 2015-05-01

Resigned

JEFFS, Kenneth John→

director · ~75y · appointed 2002-06-10 · resigned 2016-05-31

Resigned

FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→

corporate-nominee-director · appointed 2002-06-10 · resigned 2002-06-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group Bank of Scotland PLC	A registered charge	—	01/05/2015	—

Click column headers to sort. Use filters above to narrow by status and lender.