GRM MANUFACTURING LIMITED
🌳Matureactive
SC234209 · ltd · incorporated 2002-07-17
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
£1.02M
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 25990
Sector: Manufacturing
Investor take
PursueAsset-holding vehicle with a 61-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -66% 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 23.4y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 23.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · 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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £1,020,229
Net assets shrinking
Down £21,114 YoY
Cash draining
Cash down 66% YoY
Cash YoY
-66%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£58k
↓ 66% YoY
Net Worth
£1.0m
↓ 2.0% YoY
Current Assets
£672k
↓ 5.0% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £1.06M | £1.04M |
| Current assets | £671.6k | £707.2k |
| Cash | £58.2k | £171.9k |
| Debtors | £613.4k | £535.3k |
| Net assets | £1.02M | £1.04M |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2025-07-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-14📄capital-allotment-sharescapital · SH01
- 2024-08-14📄capital-allotment-sharescapital · SH01
- 2024-08-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-12📄change-person-secretary-company-with-change-dateofficers · CH03
- 2023-07-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-06-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-05-25➕MATHIESON, Ruth Elizabeth appointeddirector
- 2022-09-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-07-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2019-05-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-07-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2015-11-20🔓Charge satisfied #1
- 2002-11-12🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-10-12➖HBJ SECRETARIAL LIMITED resignedcorporate-nominee-secretary
- 2002-10-12➖HENDERSON BOYD JACKSON LIMITED resignedcorporate-nominee-director
- 2002-10-11➕MATHIESON, Ruth Elizabeth appointedsecretary
- 2002-10-11➕MATHIESON, Gordon Robert appointeddirector
- 2002-07-17🏢Company incorporatedAs GRM MANUFACTURING LIMITED
- 2002-07-17➕HBJ SECRETARIAL LIMITED appointedcorporate-nominee-secretary
- 2002-07-17➕HENDERSON BOYD JACKSON LIMITED appointedcorporate-nominee-director
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gordon Robert Mathieson Individual · British · DOB 07/1968 · age 58 | 50–75% | — | 50-75% shares | 17/07/2016 |
Mrs Ruth Elizabeth Mathieson Individual · British · DOB 02/1965 · age 61 | 25–50% | — | 25-50% shares | 17/07/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| BK REALISATIONS LIMITED→ SC050240 · est 1972 · no financials extracted | — | — | — | — | 54y | — | — |
| BLANTYRE ELECTRICAL LTD→ SC727234 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| BLUELINE AI LTD→ SC838444 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| BOOBRIE CREATIONS LTD→ SC811626 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BOOMERANG WOODWORKING CIC→ SC756617 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| BOSCO FLOOD LIMITED→ SC713313 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| BOYLESTONE ESTATES LTD→ SC746662 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| BRUCE HAMILTON (FURNITURE MAKERS) LIMITED→ SC403407 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| BURNHEAD BLASTING SERVICES LIMITED→ SC267211 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
| BURNT OUT & BITTER CANDLE CO. LTD→ SC869088 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CAB-LIT SIGNS LTD→ SC860602 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CADDEN ENGINEERING SCOTLAND LIMITED→ SC468430 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
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
Incorporated2002-07-17
Jurisdictionscotland
Primary SIC25990 — SIC 25990
Registered office
Glen Works
4 Paisley Road
Barrhead
Glasgow,
G78 1ND
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-07-31
Last: 2025-07-17
Officers (3 active · 2 resigned)
MATHIESON, Ruth Elizabeth→
Activesecretary · appointed 2002-10-11
View their other companies + combined net worth →
MATHIESON, Gordon Robert→
Activedirector · ~58y · appointed 2002-10-11
View their other companies + combined net worth →
MATHIESON, Ruth Elizabeth→
Activedirector · ~61y · appointed 2023-05-25
View their other companies + combined net worth →
HBJ SECRETARIAL LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-07-17 · resigned 2002-10-12
HENDERSON BOYD JACKSON LIMITED→
Resignedcorporate-nominee-director · appointed 2002-07-17 · resigned 2002-10-12
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 12/11/2002 | 20/11/2015 |
Recent filings (66 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-01
capital-allotment-shares
capital · SH01
2024-08-14
capital-allotment-shares
capital · SH01
2024-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-19
change-person-director-company-with-change-date
officers · CH01
2023-07-12
change-person-secretary-company-with-change-date
officers · CH03
2023-07-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-11
appoint-person-director-company-with-name-date
officers · AP01
2023-06-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-20