M & T PIPELINE SUPPLIES LIMITED
💤Zombieactive
SC241615 · ltd · incorporated 2002-12-24
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 Dec 2024
Net worth
£778.1k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
PursueAsset-holding vehicle with a 60-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 60). 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 (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 22.9y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (71/100)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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 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 · FRS 102Positive net assets
Net assets £778,112
Key financials
1 year extracted from filed iXBRL accountsCash
£417k
Net Worth
£778k
Current Assets
£1.1m
Current Liabilities
—
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-30 |
|---|---|
| Total assets | £778.1k |
| Current assets | £1.11M |
| Cash | £417.3k |
| Debtors | £306.9k |
| Net assets | £778.1k |
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
3
filings
- • 1 confirmation-statement
- • 1 persons-with-significant-control
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2026-01-06📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-11-07📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2024-10-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2024-10-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-17➖THOMSON, Keith resigneddirector
- 2024-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-12-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-12-29🔓Charge satisfied #2
- 2021-12-29🔓Charge satisfied #1
- 2021-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-12-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2005-11-08🔒Charge registered #2Lender: National Westminster Bank PLC
- 2003-05-30🔒Charge registered #1Lender: The Royal Bank of Scotland Commercial Services Limited
- 2003-01-08➕MARTIN, Iain appointedsecretary
- 2003-01-08➕MARTIN, Iain appointeddirector
- 2003-01-08➖CF CLIENT SECRETARY LTD resignedcorporate-secretary
- 2003-01-08➕THOMSON, Keith appointeddirector
- 2003-01-08➖CF CLIENT DIRECTOR LTD resignedcorporate-director
- 2002-12-24🏢Company incorporatedAs M & T PIPELINE SUPPLIES LIMITED
- 2002-12-24➕CF CLIENT SECRETARY LTD appointedcorporate-secretary
- 2002-12-24➕CF CLIENT DIRECTOR LTD appointedcorporate-director
Owner dependency
93/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
85/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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
cleanNo 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 Iain Martin Individual · Scottish · DOB 02/1966 · age 60 | 50–75% | — | 50-75% shares | 06/04/2016 |
2 historic (ceased) PSCs
- Mrs Alison Thomsonceased 20/11/2025· 25-50% shares
- Mr Keith Thomsonceased 17/10/2024· 25-50% shares
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 · Wholesale & distribution · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| PPE INDUSTRIAL SUPPLIES LIMITED→ SC209209 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| PRECISION DIAMOND TOOLING LTD→ SC846451 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PREMIER FOODSTORE LIMITED→ SC232013 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| PREMIER PLUMBING SUPPLIES (BIDCO) LIMITED→ SC840519 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| PREMIER PLUMBING SUPPLIES LIMITED→ SC128951 · est 1990 · no financials extracted | — | — | — | — | 35y | — | — |
| PRESTIGE PANTHER LIMITED→ SC728377 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| PRIME TELECOM EUROPE LIMITED→ SC526158 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| PRIMEQUOTIENT PROPERTIES LTD→ SC801216 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| PRIMESCOT TRADE LIMITED→ SC851628 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PRINT OFFICE LTD→ SC872384 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PRISTINE GROUP INC LTD→ SC660890 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PRO WEEE SCOTLAND LTD→ SC844183 · est 2025 · 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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2002-12-24
Jurisdictionscotland
Primary SIC46740 — SIC 46740
Registered office
30 Kemps End
Tranent
East Lothian
EH33 2GZ
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-30
Confirmation statement
Next due: 2027-01-07
Last: 2025-12-24
Officers (2 active · 3 resigned)
Active
MARTIN, Iain→
Activedirector · ~60y · appointed 2003-01-08
View their other companies + combined net worth →
CF CLIENT SECRETARY LTD→
Resignedcorporate-secretary · appointed 2002-12-24 · resigned 2003-01-08
THOMSON, Keith→
Resigneddirector · ~66y · appointed 2003-01-08 · resigned 2024-10-17
CF CLIENT DIRECTOR LTD→
Resignedcorporate-director · appointed 2002-12-24 · resigned 2003-01-08
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | National Westminster Bank National Westminster Bank PLC | Standard security | 1 property | 08/11/2005 | 29/12/2021 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland Commercial Services Limited | Floating charge | 1 property | 30/05/2003 | 29/12/2021 |
Recent filings (70 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-06
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-10-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-10-21
termination-director-company-with-name-termination-date
officers · TM01
2024-10-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-29