CAPITAL STEEL LIMITED

🌳Matureactive
SC275258 · ltd · incorporated 2004-10-28
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 17.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£1.45M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 17.0y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 17.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 5 with DOB)
81
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,448,239
Net assets shrinking
Down £1,157 YoY
Cash YoY
+91%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£297k
↑ 91% YoY
Net Worth
£1.4m
~ YoY
Current Assets
£1.6m
↑ 11% YoY
Current Liabilities
—
£0£320k£640k£960k£1.3m£1.6mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£1.48M£1.49M
Current assets£1.60M£1.45M
Cash£296.6k£155.3k
Debtors£1.30M£1.29M
Net assets£1.45M£1.45M

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
4
filings
  • • 2 gazette
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2026-01-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2026-01-13
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2025-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2024-03-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-01-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-06-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2020-03-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-03-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2018-06-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2018-03-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2017-03-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2016-02-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-09-05
    ➖
    INAYAT, Shazad Zaffar resigned
    director
  17. 2009-04-30
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  18. 2008-12-22
    ➕
    WATSON, Gary Martin appointed
    secretary
  19. 2008-12-08
    ➕
    MCLOUGHLIN, Paul James appointed
    director
  20. 2008-12-08
    ➕
    INAYAT, Shazad Zaffar appointed
    director
  21. 2008-10-17
    ➖
    MCKENZIE, Alistair resigned
    secretary
  22. 2007-03-15
    ➕
    WATSON, Gary Martin appointed
    director
  23. 2007-03-15
    ➖
    MCLOUGHLIN, Paul resigned
    director
  24. 2004-11-01
    ➕
    BALK, Terrance Richard appointed
    director
  25. 2004-11-01
    ➕
    MCKENZIE, Alistair appointed
    secretary
  26. 2004-11-01
    ➖
    FORM 10 SECRETARIES FD LTD resigned
    corporate-nominee-secretary
  27. 2004-11-01
    ➕
    MCLOUGHLIN, Paul appointed
    director
  28. 2004-11-01
    ➖
    FORM 10 DIRECTORS FD LTD resigned
    corporate-nominee-director
  29. 2004-10-28
    🏢
    Company incorporated
    As CAPITAL STEEL LIMITED
  30. 2004-10-28
    ➕
    FORM 10 SECRETARIES FD LTD appointed
    corporate-nominee-secretary
  31. 2004-10-28
    ➕
    FORM 10 DIRECTORS FD LTD appointed
    corporate-nominee-director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

90/100
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.
  • primary20+ year tenure: Director in role 21 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Gary Martin Watson
Individual · British · DOB 04/1968 · age 58
——sig. influencesignificant influence07/04/2016
Mr Terrance Richard Balk
Individual · British · DOB 02/1956 · age 70
——sig. influencesignificant influence07/04/2016
Mr Paul James Mcloughlin
Individual · Australian · DOB 05/1966 · age 60
——sig. influencesignificant influence07/04/2016

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 →

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——011y8461y
AEROFORMA TECHNOLOGIES (NORTH) LIMITED→
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——£583.3k—22y8366y
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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
Incorporated2004-10-28
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

11 Drakemyre
Dalry
KA24 5JD
Scotland

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (4 active · 5 resigned)

WATSON, Gary Martin→
secretary · appointed 2008-12-22
View their other companies + combined net worth →
Active
BALK, Terrance Richard→
director · ~70y · appointed 2004-11-01
View their other companies + combined net worth →
Active
MCLOUGHLIN, Paul James→
director · ~60y · appointed 2008-12-08
View their other companies + combined net worth →
Active
WATSON, Gary Martin→
director · ~58y · appointed 2007-03-15
View their other companies + combined net worth →
Active
MCKENZIE, Alistair→
secretary · appointed 2004-11-01 · resigned 2008-10-17
Resigned
FORM 10 SECRETARIES FD LTD→
corporate-nominee-secretary · appointed 2004-10-28 · resigned 2004-11-01
Resigned
INAYAT, Shazad Zaffar→
director · ~46y · appointed 2008-12-08 · resigned 2012-09-05
Resigned
MCLOUGHLIN, Paul→
director · ~60y · appointed 2004-11-01 · resigned 2007-03-15
Resigned
FORM 10 DIRECTORS FD LTD→
corporate-nominee-director · appointed 2004-10-28 · resigned 2004-11-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property30/04/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (78 total)

accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
gazette-notice-compulsory
gazette · GAZ1
2026-01-13
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-06-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-03-24