CARNETHY LIMITED

🌳Matureactive

SC250503 · ltd · incorporated 2003-06-03

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.

Why now

Window steady · high confidence

Thesis has shifted recently — watch for confirmation.

· Investment thesis: well_run_hard_buy → unclassified
· Hygiene score: 90 → 70
· Opportunity score: 80 → 72
· Bankability: 75 → 65

Opportunity decay

softening · 6-months

Softening — cumulative signals suggest this becomes more negotiable over the next 3–6 months.

· 3 recent signals weakening vs 0 strengthening

What changed my view

Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

·Investment thesis: well_run_hard_buy → unclassified
↓Opportunity score: 80 → 72
↓Hygiene score: 90 → 70
↓Bankability: 75 → 65
·Distress / opportunity: avoid → speculative

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

—

book net assets

Opportunity

72/100

Strong

🔒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

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 65/100. Strong seller-intent signal (65/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

Confirmed no charges registered

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

1 connected companies via shared directors

Filing history

58 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Key financials

3 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-06-30	2024-06-30	2023-06-30
Average employees	2	200	200

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-06-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-13
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2020-10-20
📄
gazette-notice-compulsory
gazette · GAZ1
2019-06-22
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2019-06-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-28
📄
gazette-notice-compulsory
gazette · GAZ1
2018-09-22
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2018-08-21
📄
gazette-notice-compulsory
gazette · GAZ1
2018-04-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-04-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2003-06-03
🏢
Company incorporated
As CARNETHY LIMITED
2003-06-03
➕
THOMSON, Katherine Anne appointed
secretary
2003-06-03
➕
THOMSON, John appointed
director
2003-06-03
➕
THOMSON, Katherine Anne appointed
director
2003-06-03
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2003-06-03
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2003-06-03
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2003-06-03
➖
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 62 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

71/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 62. 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.

Red flags

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-06-17

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
John Thomson Individual · British · DOB 01/1964 · age 62	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Katherine Anne Thomson Individual · British · DOB 03/1967 · age 59	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.

🔒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 · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PEGASUS FIRE PROTECTION COMPANY LIMITED→ SC178102 · est 1997	£12.82M £9.16M–£16.48M	£12.52M	—	6300	28y	88	75y
MAXI CONSTRUCTION LIMITED→ SC048718 · est 1971	£9.09M £6.50M–£11.69M	—	—	40	55y	88	82y
THE EDINBURGH SCHOOLS PARTNERSHIP LIMITED→ SC206930 · est 2000	£8.27M £5.91M–£10.63M	—	—	0	26y	84	65y
JOHN G. MACKINTOSH LIMITED→ SC281061 · est 2005	£6.96M £4.97M–£8.95M	—	—	241	21y	88	66y
SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→ SC392085 · est 2011	£6.04M £4.31M–£7.76M	—	—	19	15y	85	69y
COLORADO CONSTRUCTION & ENGINEERING LIMITED→ SC311182 · est 2006	£3.04M £2.17M–£3.90M	£21.12M	—	3800	19y	87	64y
GORDON BOW PLANT HIRE LTD→ SC135116 · est 1991	£1.57M £1.12M–£2.02M	£9.21M	—	6200	34y	86	68y
GEORGE SHARKEY & SONS LIMITED→ SC164725 · est 1996	£779.7k £556.9k–£1.00M	—	—	68	30y	84	66y
OMEGA LIFT SERVICES LIMITED→ SC243098 · est 2003	£720.0k £514.3k–£925.7k	—	—	1600	23y	83	55y
DATS - DESIGN AND TRAINING SOLUTIONS LTD→ SC441708 · est 2013	£1.5k £1.1k–£1.9k	£81.2k	—	100	13y	100	59y
3 ED SISTERCO LIMITED→ SC328041 · est 2007 · no financials extracted	—	—	—	—	18y	83	65y
AMA CONSTRUCTION (EDINBURGH) LIMITED→ SC100586 · est 1986	—	—	—	2200	39y	83	73y

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

Incorporated2003-06-03

Jurisdictionscotland

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

Registered office

Walstone Farmhouse

Nine Mile Burn

Penicuik

EH26 9LS

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-17OVERDUE

Last: 2025-06-03

Officers (3 active · 2 resigned)

THOMSON, Katherine Anne→

secretary · appointed 2003-06-03

View their other companies + combined net worth →

Active

THOMSON, John→

director · ~62y · appointed 2003-06-03

View their other companies + combined net worth →

Active

THOMSON, Katherine Anne→

director · ~59y · appointed 2003-06-03

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2003-06-03 · resigned 2003-06-03

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2003-06-03 · resigned 2003-06-03

Resigned

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

Recent filings (58 total)

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

accounts · AA

2026-06-25

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-07-14

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

accounts · AA

2025-03-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-07-24

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

accounts · AA

2024-04-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-08-04

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

accounts · AA

2023-04-12

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

accounts · AA

2022-12-20

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

accounts · AA

2022-10-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-07-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-05-24

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

accounts · AA

2021-03-30

gazette-filings-brought-up-to-date

gazette · DISS40

2020-11-13

gazette-notice-compulsory

gazette · GAZ1

2020-10-20