THOMAS SCOTT (SEATING) LIMITED

🌳Matureactive
SC242425 · ltd · incorporated 2003-01-16
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.1y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
year to Mar 2025
Net worth
£1.11M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45310
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 46650SIC 46650
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 23.1y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 23.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
68 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 declared
Positive net assets
Net assets £1,106,349
Net assets shrinking
Down £13,771 YoY
Cash YoY
-13%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£290k
↓ 13% YoY
Net Worth
£1.1m
↓ 1.2% YoY
Current Assets
£1.1m
↑ 4.4% YoY
Current Liabilities
—
£0£224k£448k£672k£896k£1.1mMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£1.14M£1.15M
Current assets£1.06M£1.02M
Cash£290.2k£333.7k
Debtors£223.5k£217.6k
Net assets£1.11M£1.12M

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-08
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-05-08
    🔓
    Charge satisfied #2
  5. 2023-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-09-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-12-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-02-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-09-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-08-25
    ➕
    TERNENT, Kirsty appointed
    director
  12. 2019-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-09-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-06-13
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2016-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-01-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2013-11-25
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  19. 2003-04-04
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  20. 2003-01-16
    🏢
    Company incorporated
    As THOMAS SCOTT (SEATING) LIMITED
  21. 2003-01-16
    ➕
    TERNENT, Graham appointed
    secretary
  22. 2003-01-16
    ➕
    TERNENT, Gregory appointed
    director
  23. 2003-01-16
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2003-01-16
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2003-01-16
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  26. 2003-01-16
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

84/100
Critical — business is the founder

The 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 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong 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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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%
NameSharesVoting rightsNature of controlNotified
Mr Gregory Ternent
Individual · British · DOB 03/1966 · age 60
75–100%
—board control75-100% shares · board control06/04/2016

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

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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
Incorporated2003-01-16
Jurisdictionscotland
Primary SIC45310 — SIC 45310

Registered office

Unit Q, 14 Dundyvan Way
Dundyvan Enterprise Park
Coatbridge
Lanarkshire
ML5 4FR

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-21
Last: 2026-01-07

Officers (3 active · 2 resigned)

TERNENT, Graham→
secretary · appointed 2003-01-16
View their other companies + combined net worth →
Active
TERNENT, Gregory→
director · ~60y · appointed 2003-01-16
View their other companies + combined net worth →
Active
TERNENT, Kirsty→
director · ~49y · appointed 2020-08-25
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2003-01-16 · resigned 2003-01-16
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2003-01-16 · resigned 2003-01-16
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property25/11/201308/05/2024
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property04/04/2003—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (68 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-13
confirmation-statement-with-updates
confirmation-statement · CS01
2021-02-18
change-person-director-company-with-change-date
officers · CH01
2021-02-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-25
appoint-person-director-company-with-name-date
officers · AP01
2020-09-02