TEA MAT LIMITED

🌳Matureactive
SC246490 · ltd · incorporated 2003-03-26
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 Mar 2025
Net worth
£281.9k
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: SIC 03110
Sector: Agriculture, forestry & fishing
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (3 active, 6 linked, 2 with DOB)
77
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £281,885
Cash YoY
+76%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£289k
↑ 76% YoY
Net Worth
£282k
↑ 28% YoY
Current Assets
£377k
↑ 27% YoY
Current Liabilities
—
£0£75k£151k£226k£302k£377kMar 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£281.9k£219.9k
Current assets£377.0k£297.9k
Cash£288.8k£164.2k
Debtors£88.3k£133.7k
Net assets£281.9k£219.8k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
7
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 180 days
8
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-02-02
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  2. 2026-02-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-02-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-02-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2026-02-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2024-11-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-01-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-10-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-07-30
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2019-06-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-02-09
    ➕
    MCLEMAN, Kathleen Norah appointed
    secretary
  18. 2015-04-06
    ➕
    MCLEMAN, Kathleen Norah appointed
    director
  19. 2010-04-01
    ➖
    MCLEMAN, Catherine Brodie resigned
    secretary
  20. 2003-04-02
    ➕
    MCLEMAN, Andrew William appointed
    director
  21. 2003-04-02
    ➕
    MCLEMAN, Catherine Brodie appointed
    secretary
  22. 2003-04-02
    ➖
    PF & S (SECRETARIES) LIMITED resigned
    corporate-secretary
  23. 2003-04-02
    ➖
    PF & S (DIRECTORS) LIMITED resigned
    corporate-director
  24. 2003-03-26
    🏢
    Company incorporated
    As TEA MAT LIMITED
  25. 2003-03-26
    ➕
    PF & S (SECRETARIES) LIMITED appointed
    corporate-secretary
  26. 2003-03-26
    ➕
    PF & S (DIRECTORS) LIMITED appointed
    corporate-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • 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
NameSharesVoting rightsNature of controlNotified
Mrs Kathleen Norah Mcleman
Individual · British · DOB 02/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Andrew William Mcleman
Individual · British · DOB 12/1980 · age 46
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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————11y——
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————47y——
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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
Incorporated2003-03-26
Jurisdictionscotland
Primary SIC03110 — SIC 03110

Registered office

Courtyard Croft
Newton
Avoch
IV9 8RD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-09
Last: 2026-03-26

Officers (3 active · 3 resigned)

MCLEMAN, Kathleen Norah→
secretary · appointed 2016-02-09
View their other companies + combined net worth →
Active
MCLEMAN, Andrew William→
director · ~46y · appointed 2003-04-02
View their other companies + combined net worth →
Active
MCLEMAN, Kathleen Norah→
director · ~55y · appointed 2015-04-06
View their other companies + combined net worth →
Active
MCLEMAN, Catherine Brodie→
secretary · appointed 2003-04-02 · resigned 2010-04-01
Resigned
PF & S (SECRETARIES) LIMITED→
corporate-secretary · appointed 2003-03-26 · resigned 2003-04-02
Resigned
PF & S (DIRECTORS) LIMITED→
corporate-director · appointed 2003-03-26 · resigned 2003-04-02
Resigned

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

Recent filings (73 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
change-person-secretary-company-with-change-date
officers · CH03
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-02
change-person-director-company-with-change-date
officers · CH01
2026-02-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-02
change-person-director-company-with-change-date
officers · CH01
2026-02-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2026-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-08