QUALIFISH LIMITED

🌳Matureactive

SC267677 · ltd · incorporated 2004-05-10

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

£49.3k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Other professional, scientific and technical activities n.e.c.

Sector: Professional, scientific & technical

Investor take

Pursue

Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

6 officers (3 active, 6 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

56 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 £49,289

Cash YoY

-21%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£39k

↓ 21% YoY

Net Worth

£49k

↑ 9.9% YoY

Current Assets

£66k

↑ 27% 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	£49.3k	£44.9k
Current assets	£65.6k	£51.8k
Cash	£38.7k	£49.0k
Debtors	£26.8k	£2.8k
Net assets	£49.3k	£44.9k

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 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-10-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-07-21
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-09-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-08-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-10-11
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-10-17
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-10
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-05-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2004-05-10
🏢
Company incorporated
As QUALIFISH LIMITED
2004-05-10
➕
MACLEAN, Joni appointed
secretary
2004-05-10
➕
MACLEAN, Joni appointed
director
2004-05-10
➕
REX, Stephen Charles appointed
director
2004-05-10
➕
PEMEX SERVICES LIMITED appointed
corporate-nominee-secretary
2004-05-10
➖
PEMEX SERVICES LIMITED resigned
corporate-nominee-secretary
2004-05-10
➕
AMERSHAM SERVICES LIMITED appointed
corporate-nominee-director
2004-05-10
➖
AMERSHAM SERVICES LIMITED resigned
corporate-nominee-director
2004-05-10
➕
PEMEX SERVICES LIMITED appointed
corporate-nominee-director
2004-05-10
➖
PEMEX SERVICES LIMITED resigned
corporate-nominee-director

Owner dependency

83/100

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 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

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 70 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 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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
Mr Stephen Charles Rex Individual · United Kingdom · DOB 05/1956 · age 70	25–50%	25–50%	25-50% shares · 25-50% voting	10/05/2017
Ms Joni Maclean Individual · United Kingdom · DOB 09/1962 · age 64	25–50%	25–50%	25-50% shares · 25-50% voting	10/05/2017

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

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

Incorporated2004-05-10

Jurisdictionscotland

Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Airor, St Martins

Cullicudden, By Culbokie

Ross-Shire

By Dingwall

IV7 8JT

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-05-24

Last: 2026-05-10

Officers (3 active · 3 resigned)

MACLEAN, Joni→

secretary · appointed 2004-05-10

View their other companies + combined net worth →

Active

MACLEAN, Joni→

director · ~64y · appointed 2004-05-10

View their other companies + combined net worth →

Active

REX, Stephen Charles→

director · ~70y · appointed 2004-05-10

View their other companies + combined net worth →

Active

PEMEX SERVICES LIMITED→

corporate-nominee-secretary · appointed 2004-05-10 · resigned 2004-05-10

Resigned

AMERSHAM SERVICES LIMITED→

corporate-nominee-director · appointed 2004-05-10 · resigned 2004-05-10

Resigned

PEMEX SERVICES LIMITED→

corporate-nominee-director · appointed 2004-05-10 · resigned 2004-05-10

Resigned

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