DIESELEC THISTLE GENERATORS LIMITED

📉Decliningactive

SC269766 · ltd · incorporated 2004-06-24

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.

· Lifecycle stage: growth → declining
· Investment thesis: growth_story → unclassified
· Refinance opportunity: clean_up_first → too_messy

Opportunity decay

drifting distress · 6-months

Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.

· Lifecycle stage drifting downward
· Currently "declining"

What changed my view

Last 30 days

Picture worsened over the last 30 days — 2 negative signals vs 0 positive.

↓Lifecycle stage: growth → declining
·Investment thesis: growth_story → unclassified
↓Refinance opportunity: clean_up_first → too_messy

Last 90 days

Picture worsened over the last 90 days — 3 negative signals vs 0 positive.

↓Lifecycle stage: growth → declining
·Investment thesis: growth_story → unclassified
↓Hygiene score: 90 → 75
↓Refinance opportunity: clean_up_first → too_messy

Last 180 days

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

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2026

Net worth

—

book net assets

Opportunity

77/100

Strong

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

What this business does

Primary activity: SIC 33200

Sector: Manufacturing

Investor take

Pursue

Conservative operator with a 60-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (60/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 15.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 15.9 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: high (90/100)

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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

27 officers (6 active, 27 linked, 24 with DOB)

Ownership & PSC

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

Director network

15 connected companies via shared directors

Filing history

119 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

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 · FRS 102

Profitable

Profit before tax £1,630,282

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	2026-03-31	2025-03-31	2024-03-31
Profit before tax	£1.63M	£2.28M	£405.3k
Average employees	103	10300	9700

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

filing

• 1 accounts

Last 90 days

filings

• 6 officers
• 1 accounts

Last 180 days

filings

• 7 officers
• 1 accounts
• 1 mortgage

Counts from Companies House filing history.

Corporate timeline (77 events)Click to expand

2026-07-09
📄
accounts-with-accounts-type-full
accounts · AA
2026-06-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-02
➕
BROTHERTON, Eileen Frances appointed
director
2026-06-02
➕
FENDALL, Mark Andrew appointed
director
2026-06-02
➕
NEWTON, Nigel Ernest appointed
director
2026-06-02
➖
HALL, Oliver Joseph resigned
director
2026-06-02
➖
KIRK, Alan Charles Robinson resigned
director
2026-06-02
➖
TREVOR, Ivan James resigned
director
2026-06-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-06-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-06-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-09
📄
mortgage-satisfy-charge-full
mortgage · MR04
2026-03-09
🔓
Charge satisfied #3
2026-03-04
➕
VIAN, Paul Thomas appointed
director
2025-07-04
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-31
➖
RUDMAN, James William resigned
director
2025-03-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-26
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-11-27
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-11-26
➕
LEAK, Adam John appointed
secretary
2024-08-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-04
➖
BILLING, Davinder resigned
secretary
2024-07-04
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-02-28
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2024-02-23
📄
accounts-with-accounts-type-full
accounts · AA
2023-11-09
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-11-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-09
🔓
Charge satisfied #1
2023-11-01
➕
TAYLOR, David Michael appointed
director
2023-11-01
➕
BILLING, Davinder appointed
secretary
2023-11-01
➖
AITKEN, Brian resigned
director
2023-11-01
➖
BUCHAN, Ian Andrew John resigned
director
2023-11-01
➕
HALL, Oliver Joseph appointed
director
2023-11-01
➖
KERR, Gordon William resigned
director
2023-11-01
➕
KIRK, Alan Charles Robinson appointed
director
2023-11-01
➖
MOORE, Paul Adam resigned
director
2023-11-01
➖
MUIRIE, Brian resigned
director
2023-11-01
➖
PIRRIE, James Mcnab resigned
director
2023-11-01
➖
PIRRIE, John Syme resigned
director
2023-11-01
➕
RUDMAN, James William appointed
director
2023-11-01
➕
TREVOR, Ivan James appointed
director
2022-09-05
➖
OATES, James David resigned
director
2022-01-24
➕
KERR, Gordon William appointed
director
2022-01-24
➖
MYERS, Paul Frederick resigned
director

Showing most recent 50 of 77 events

Owner dependency

48/100

Moderate — manageable with handover

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.

Red flags

1 med ·

3 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: HALL, Oliver Joseph resigned 2026-06-02; KIRK, Alan Charles Robinson resigned 2026-06-02; TREVOR, Ivan James resigned 2026-06-02

Group structure

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

🏛️

Flogas Britain Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

DIESELEC THISTLE GENERATORS LIMITED

This company · SC269766

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
Flogas Britain Limited Corporate entity	75–100%	—	75-100% shares	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 · Manufacturing · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LINN PRODUCTS LIMITED→ SC052366 · est 1973	£7.07M £5.50M–£8.65M	—	—	170	53y	85	80y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005	£4.66M £3.63M–£5.70M	£24.98M	—	15700	20y	84	70y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	26y	87	70y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£3.30M £2.57M–£4.03M	—	—	57	39y	84	65y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£2.93M £2.28M–£3.59M	—	—	27	40y	85	65y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y
BLUETON LIMITED→ SC282644 · est 2005	—	—	—	12	21y	83	59y

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

Incorporated2004-06-24

Jurisdictionscotland

Primary SIC33200 — SIC 33200

Registered office

Cadder House 160 Clober Road

Milngavie

Glasgow

G62 7LW

Filing status

Accounts

Next due: 2027-12-31

Last made up to: 2026-03-31

Confirmation statement

Next due: 2027-01-27

Last: 2026-01-13