TSQUARED S3 LIMITED

🌳Matureactive

SC257333 · ltd · incorporated 2003-10-09

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

£1.71M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Plumbing, heat and air-conditioning installation

Sector: Construction

ALSO REGISTERED FOR

43999Other specialised construction activities n.e.c.

Investor take

Pursue

Strong opportunity: asset-holding vehicle with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (81/100)

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

Company profile

address, 2 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

10 officers (5 active, 10 linked, 5 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

13 connected companies via shared directors

Filing history

73 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

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

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,706,785

Cash YoY

+10%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£2.2m

↑ 9.8% YoY

Net Worth

£1.7m

↑ 9.2% YoY

Current Assets

£3.3m

↑ 2.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£1.71M	£1.56M
Current assets	£3.35M	£3.25M
Cash	£2.23M	£2.04M
Debtors	£1.08M	£1.19M
Net assets	£1.71M	£1.56M

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

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (31 events)Click to expand

2025-09-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-22
➖
MALCOLM, Graham Webb resigned
director
2025-08-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-22
➕
CALLAN, Dominic appointed
director
2025-08-22
➕
MCFARLANE, Mark appointed
director
2025-08-08
📄
accounts-with-accounts-type-small
accounts · AA
2024-09-04
📄
accounts-with-accounts-type-small
accounts · AA
2023-08-14
📄
accounts-with-accounts-type-small
accounts · AA
2022-10-28
📄
change-person-director-company-with-change-date
officers · CH01
2022-07-27
📄
accounts-with-accounts-type-small
accounts · AA
2022-07-22
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-22
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-07-12
➕
MCFARLANE, Mark appointed
secretary
2022-07-12
➖
MALCOLM, Graham Webb resigned
secretary
2021-08-27
📄
accounts-with-accounts-type-small
accounts · AA
2020-08-07
📄
accounts-with-accounts-type-small
accounts · AA
2019-07-10
📄
accounts-with-accounts-type-small
accounts · AA
2018-08-03
📄
accounts-with-accounts-type-small
accounts · AA
2017-08-15
📄
accounts-with-accounts-type-small
accounts · AA
2005-04-05
➕
MALCOLM, Graham Webb appointed
secretary
2005-04-05
➖
RATTRAY, Craig resigned
secretary
2004-02-19
➕
UPTON, Roger appointed
director
2003-10-20
➕
SIMPSON, Alan Russell appointed
director
2003-10-20
➕
RATTRAY, Craig appointed
secretary
2003-10-20
➖
DALGLEN SECRETARIES LIMITED resigned
corporate-nominee-secretary
2003-10-20
➕
MALCOLM, Graham Webb appointed
director
2003-10-20
➖
DALGLEN DIRECTORS LIMITED resigned
corporate-nominee-director
2003-10-09
🏢
Company incorporated
As TSQUARED S3 LIMITED
2003-10-09
➕
DALGLEN SECRETARIES LIMITED appointed
corporate-nominee-secretary
2003-10-09
➕
DALGLEN DIRECTORS LIMITED appointed
corporate-nominee-director

Owner dependency

58/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+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

60/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
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.)

Group structure

Tsquared Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Tsquared Group Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

TSQUARED S3 LIMITED

This company · SC257333

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Tsquared Group Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	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 · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GEORGE LESLIE LIMITED→ SC251886 · est 2003	£42.07M £30.05M–£54.09M	—	—	43000	22y	87	59y
MACKENZIE CONSTRUCTION LIMITED→ SC073177 · est 1980	£19.04M £13.60M–£24.48M	—	—	292	45y	87	61y
LUDDON CONSTRUCTION LIMITED→ SC057943 · est 1975	£15.71M £11.22M–£20.20M	—	—	55400	50y	87	60y
WILLOWROSE JOINERY LIMITED→ SC485482 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
WINDFARM POWER LIMITED→ SC828217 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
WITCH DEVELOPMENTS UK LTD→ SC726337 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
WM BROWN & CO (MAINTENANCE) LTD.→ SC271270 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
WMRS ROOFING LTD→ SC838341 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
WOJMAR BUILDING LTD→ SC756444 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
WR CONTRACTS LTD→ SC474736 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
WREN ROOFING & SOLAR LIMITED→ SC762224 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
YKT CONSTRUCTIONS LIMITED→ SC840784 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated2003-10-09

Jurisdictionscotland

Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

Optimus Building 2 Robroyston Oval

Nova Technology Park

Glasgow

G33 1AP

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-10-23

Last: 2025-10-09