KARL D FLETT LTD

🌳Matureactive

SC244560 · ltd · incorporated 2003-02-25

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

£223.8k

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Construction of other civil engineering projects n.e.c.

Sector: Construction

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 74). 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

1 live charge · oldest 22.8y

45/100

under pressure

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

· Oldest live charge is 22.8 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 (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

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

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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 · accounting standard not declared

Positive net assets

Net assets £223,849

Cash YoY

-30%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£29k

↓ 30% YoY

Net Worth

£224k

↑ 48% YoY

Current Assets

£260k

↑ 18% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£238.2k	£159.1k
Current assets	£259.6k	£220.0k
Cash	£28.9k	£41.1k
Debtors	£208.0k	£157.3k
Net assets	£223.8k	£151.6k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-15
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-02-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-03-04
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-06-27
➕
FLETT, Terence appointed
director
2003-07-22
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2003-02-25
🏢
Company incorporated
As KARL D FLETT LTD
2003-02-25
➕
FLETT, Bridget appointed
secretary
2003-02-25
➕
FLETT, Karl David appointed
director
2003-02-25
➕
LONDON LAW SECRETARIAL LIMITED appointed
corporate-nominee-secretary
2003-02-25
➖
LONDON LAW SECRETARIAL LIMITED resigned
corporate-nominee-secretary
2003-02-25
➕
LONDON LAW SERVICES LIMITED appointed
corporate-nominee-director
2003-02-25
➖
LONDON LAW SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

100/100

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.
+Founder name in company name: Company name contains director surname "FLETT" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Karl David Flett Individual · British · DOB 07/1952 · age 74	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016
Mr Terence Flett Individual · British · DOB 07/1974 · age 52	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

Similar companies

Active · Construction · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
JOHN GUNN & SONS LIMITED→ SC029399 · est 1953	£19.24M £13.75M–£24.74M	—	—	4400	73y	82	56y
A&W SINCLAIR LTD→ SC277910 · est 2005	—	—	£4.40M	—	21y	82	70y
ALFRED FLETT LIMITED→ SC184541 · est 1998	—	—	—	4600	28y	82	65y
BRIAN BRASS LIMITED→ SC332317 · est 2007	—	—	£144.4k	—	18y	82	70y
CAITHNESS SCAFFOLDING CONTRACTORS LIMITED→ SC177351 · est 1997	—	—	£1.05M	—	28y	82	72y
DUNMORE PROPERTY LIMITED→ SC385260 · est 2010	—	—	£113.2k	—	15y	82	74y
G & R SUTHERLAND LTD.→ SC230181 · est 2002	—	—	£443.0k	—	24y	82	61y
GROUNDWATER TAIT LIMITED→ SC350683 · est 2008	—	—	£260.5k	—	17y	82	74y
HEARTLAND HOME SERVICES LIMITED→ SC130330 · est 1991	—	—	£27.5k	—	35y	82	75y
HUGH SIMPSON (CONTRACTORS) LIMITED→ SC067751 · est 1979	—	—	£11.00M	—	47y	82	66y
JOHN MACKAY LTD→ SC262414 · est 2004	—	—	£3.77M	—	22y	82	65y
O'BRIEN CONSTRUCTION LIMITED→ SC050820 · est 1972	—	—	£3.95M	—	53y	82	87y

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

Incorporated2003-02-25

Jurisdictionscotland

Primary SIC42990 — Construction of other civil engineering projects n.e.c.

Registered office

Karbridge

Harray

Orkney

KW17 2JU

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-03-11

Last: 2026-02-25

Officers (3 active · 2 resigned)

FLETT, Bridget→

secretary · appointed 2003-02-25

View their other companies + combined net worth →

Active

FLETT, Karl David→

director · ~74y · appointed 2003-02-25

View their other companies + combined net worth →

Active

FLETT, Terence→

director · ~52y · appointed 2011-06-27

View their other companies + combined net worth →

Active

LONDON LAW SECRETARIAL LIMITED→

corporate-nominee-secretary · appointed 2003-02-25 · resigned 2003-02-25

Resigned

LONDON LAW SERVICES LIMITED→

corporate-nominee-director · appointed 2003-02-25 · resigned 2003-02-25

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	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	22/07/2003	—

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

Recent filings (55 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-02-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-03-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-02-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-04

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-02-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-15

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-02-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-02-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-02-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-03-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2020-02-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2019-03-13