TARPAVE LIMITED
🌳Matureactive
SC240089 · ltd · incorporated 2002-11-25
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
£2.30M
year to Mar 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Construction of roads and motorways
Sector: Construction
Investor take
PursueLeverage-led grower with a 65-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 65). 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 (77/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 15.5y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 15.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 38/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: medium (76/100)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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
15 officers (5 active, 15 linked, 9 with DOB)
82
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
32 connected companies via shared directors
90
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 declaredProfitable
Profit before tax £18,384
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-03-31 |
|---|---|
| Turnover | £2.30M |
| Gross profit | £469.6k |
| Profit before tax | £18.4k |
| Average employees | 1100 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
2
filings
- • 1 confirmation-statement
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (54 events)Click to expand
- 2025-12-09📄change-person-director-company-with-change-dateofficers · CH01
- 2025-10-17📄accounts-with-accounts-type-smallaccounts · AA
- 2025-04-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-01➕HERLIHY, Francis appointeddirector
- 2025-03-31➖DRAPER, Abigail Sarah resigneddirector
- 2025-01-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-04📄change-person-director-company-with-change-dateofficers · CH01
- 2024-09-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-16📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-06🔒Charge registered #5Lender: Ares Management Limited as Security Trustee for the Secured Parties
- 2024-09-06🔒Charge registered #4Lender: Ares Management Limited (As Security Agent)
- 2024-04-23📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-04-22📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2024-04-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-19📄memorandum-articlesincorporation · MA
- 2024-03-19📄resolutionresolution · RESOLUTIONS
- 2024-03-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-13🔒Charge registered #3Lender: Ares Management Limited (As Security Agent)
- 2024-03-13🔒Charge registered #2Lender: Ares Management Limited (As Security Agent for the Secured Parties as Defined in the Instrument)
- 2024-02-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-14🔓Charge satisfied #1
- 2023-10-24📄resolutionresolution · RESOLUTIONS
- 2023-10-24📄memorandum-articlesincorporation · MA
- 2023-10-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-10-09➕EVANS, Sally Ann appointedsecretary
- 2023-10-09➕KNIGHTON, Claire Ashley appointeddirector
- 2023-10-09➕RYDER, Alasdair Alan appointeddirector
- 2023-10-09➖DEANS, Steven David resignedsecretary
- 2023-10-09➕DRAPER, Abigail Sarah appointeddirector
- 2023-09-28➖CAIRNS, Ivan Leonard resignedsecretary
- 2023-09-28➕DEANS, Steven David appointedsecretary
- 2023-09-28➖CAIRNS, Ivan Leonard resigneddirector
- 2021-04-01➕DEANS, Steven David appointeddirector
- 2021-04-01➖CAIRNS, Irene resigneddirector
- 2010-12-03🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2010-01-19➕CAIRNS, Ivan Leonard appointeddirector
- 2007-10-01➖CAIRNS, Ivan resigneddirector
- 2006-10-19➕CAIRNS, Ivan appointeddirector
- 2003-09-01➖CAIRNS, Irene resignedsecretary
- 2003-09-01➕CAIRNS, Ivan Leonard appointedsecretary
- 2003-09-01➖CAIRNS, Ian Alexander resigneddirector
- 2002-11-25🏢Company incorporatedAs TARPAVE LIMITED
- 2002-11-25➕CAIRNS, Irene appointedsecretary
- 2002-11-25➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2002-11-25➖BRIAN REID LTD. resignedcorporate-nominee-secretary
Showing most recent 50 of 54 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 65 — succession pressure is live.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
2 corporate shareholders identified. Group structure is distributed.
🏛️ultimate parent
Ares Management Limited
Corporate parent · holds 75-100% shares
🏛️
Deans Civil Engineering Limited
Corporate parent · board control
⬇
TARPAVE LIMITED
This company · SC240089
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Ares Management Limited Corporate entity | 75–100% | — | 75-100% shares | 13/03/2024 |
Deans Civil Engineering Limited Corporate entity | — | 75–100% | board control75-100% voting · board control | 01/04/2021 |
2 historic (ceased) PSCs
- Mr Ivan Leonard Cairnsceased 01/04/2021· 25-50% shares · 25-50% voting
- Mrs Irene Cairnsceased 01/04/2021· 25-50% shares · 25-50% voting
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 · Construction · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| GEORGE LESLIE LIMITED→ SC251886 · est 2003 | £42.07M £30.05M–£54.09M | — | — | 43000 | 22y | 87 | 59y |
| MACKENZIE CONSTRUCTION LIMITED→ SC073177 · est 1980 | £19.04M £13.60M–£24.48M | — | — | 292 | 45y | 87 | 61y |
| SLM MACKENZIE LIMITED→ SC243618 · est 2003 | £19.02M £13.59M–£24.46M | — | — | 292 | 23y | 86 | 63y |
| LUDDON CONSTRUCTION LIMITED→ SC057943 · est 1975 | £15.71M £11.22M–£20.20M | — | — | 55400 | 50y | 87 | 60y |
| CURTIS MOORE (CLADDING SYSTEMS) LIMITED→ SC206369 · est 2000 | £6.45M £4.61M–£8.30M | — | — | 3700 | 26y | 85 | 65y |
| A.B. 2000 LTD.→ SC155832 · est 1995 | £6.43M £4.59M–£8.26M | — | — | 10600 | 31y | 84 | 46y |
| VEITCHI INTERIORS LIMITED→ SC042401 · est 1965 | £3.00M £2.15M–£3.86M | — | — | 53 | 60y | 87 | 61y |
| WESTPOINT CONSTRUCTION COMPANY (SCOTLAND) LTD→ SC101441 · est 1986 | £968.2k £691.5k–£1.24M | — | — | 66 | 39y | 85 | 70y |
| INSITE CONTRACTS LIMITED→ SC162464 · est 1996 | £682.9k £487.8k–£878.0k | — | — | 47 | 30y | 85 | 60y |
| A H F CONSTRUCTION MANAGEMENT LTD.→ SC352436 · est 2008 | — | — | £2.19M | — | 17y | 83 | 58y |
| ALGAS MEDICAL INSTALLATIONS LIMITED→ SC284549 · est 2005 | — | — | — | 2200 | 21y | 83 | 70y |
| ARC-TECH (SCOTLAND) LIMITED→ SC127099 · est 1990 · no financials extracted | — | — | — | — | 35y | 83 | 75y |
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
Incorporated2002-11-25
Jurisdictionscotland
Primary SIC42110 — Construction of roads and motorways
Registered office
65 Sussex Street
Glasgow
G41 1DX
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-31
Last: 2025-12-17
Officers (5 active · 10 resigned)
Active
DEANS, Steven David→
Activedirector · ~45y · appointed 2021-04-01
View their other companies + combined net worth →
HERLIHY, Francis→
Activedirector · ~60y · appointed 2025-04-01
View their other companies + combined net worth →
KNIGHTON, Claire Ashley→
Activedirector · ~53y · appointed 2023-10-09
View their other companies + combined net worth →
RYDER, Alasdair Alan→
Activedirector · ~65y · appointed 2023-10-09
View their other companies + combined net worth →
CAIRNS, Irene→
Resignedsecretary · appointed 2002-11-25 · resigned 2003-09-01
CAIRNS, Ivan Leonard→
Resignedsecretary · appointed 2003-09-01 · resigned 2023-09-28
DEANS, Steven David→
Resignedsecretary · appointed 2023-09-28 · resigned 2023-10-09
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2002-11-25 · resigned 2002-11-25
CAIRNS, Ian Alexander→
Resigneddirector · ~78y · appointed 2002-11-25 · resigned 2003-09-01
CAIRNS, Irene→
Resigneddirector · ~74y · appointed 2002-11-25 · resigned 2021-04-01
CAIRNS, Ivan Leonard→
Resigneddirector · ~76y · appointed 2010-01-19 · resigned 2023-09-28
CAIRNS, Ivan→
Resigneddirector · ~54y · appointed 2006-10-19 · resigned 2007-10-01
DRAPER, Abigail Sarah→
Resigneddirector · ~56y · appointed 2023-10-09 · resigned 2025-03-31
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2002-11-25 · resigned 2002-11-25
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
4
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Ares Management as Security Trustee for the Secured Parties / (As Defined in the Instrument) Ares Management Limited as Security Trustee for the Secured Parties / (As Defined in the Instrument) | A registered charge | — | 06/09/2024 | — | |
| outstanding | Ares Management (As Security Agent) Ares Management Limited (As Security Agent) | A registered charge | — | 06/09/2024 | — | |
| outstanding | Ares Management (As Security Agent) Ares Management Limited (As Security Agent) | A registered charge | — | 13/03/2024 | — | |
| outstanding | Ares Management (As Security Agent for the Secured Parties as Defined in the Instrument) Ares Management Limited (As Security Agent for the Secured Parties as Defined in the Instrument) | A registered charge | — | 13/03/2024 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 03/12/2010 | 14/02/2024 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (119 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-29
change-person-director-company-with-change-date
officers · CH01
2025-12-09
accounts-with-accounts-type-small
accounts · AA
2025-10-17
appoint-person-director-company-with-name-date
officers · AP01
2025-04-03
termination-director-company-with-name-termination-date
officers · TM01
2025-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-06
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-17
change-person-director-company-with-change-date
officers · CH01
2024-11-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-16
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-09-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-04-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-04-22
change-person-director-company-with-change-date
officers · CH01
2024-04-22
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-22
memorandum-articles
incorporation · MA
2024-03-19