FILM-OCEAN LTD.

🌳Matureactive

SC277787 · ltd · incorporated 2004-12-23

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

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 09100

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 11 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 7 lenders · oldest 20.4y

35/100

too messy

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

· Oldest live charge is 20.4 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (57/100)

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

No iXBRL financials extracted

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

9 officers (6 active, 9 linked, 6 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

85 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

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (45 events)Click to expand

2025-07-17
📄
accounts-with-accounts-type-full
accounts · AA
2025-06-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-05-22
➕
MACKIE, Mike appointed
director
2024-12-23
📄
memorandum-articles
incorporation · MA
2024-12-23
📄
resolution
resolution · RESOLUTIONS
2024-12-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-19
➕
NEW, Mervyn Alan, Mr. appointed
director
2024-07-30
📄
accounts-with-accounts-type-full
accounts · AA
2024-07-17
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-17
📄
change-person-secretary-company-with-change-date
officers · CH03
2023-09-04
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-14
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-07-20
📄
accounts-with-accounts-type-small
accounts · AA
2022-07-04
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-30
🔒
Charge registered #8
Lender: Stapem International Investments Sa
2022-01-06
📄
accounts-with-accounts-type-small
accounts · AA
2021-12-22
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-12-22
🔓
Charge satisfied #3
2020-12-02
📄
accounts-with-accounts-type-small
accounts · AA
2019-09-09
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-21
🔒
Charge registered #7
Lender: Stapem International Investments Sa
2019-07-29
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-06-24
📄
capital-allotment-shares
capital · SH01
2019-02-15
➕
GERBER, Alain Christophe Charles appointed
director
2019-02-15
➕
GERBER, Jean-Marc appointed
director
2019-02-15
➖
MARTIN, Bernard resigned
director
2017-06-05
🔓
Charge satisfied #6
2017-06-05
🔓
Charge satisfied #5
2016-05-13
🔒
Charge registered #6
Lender: Investaac Pension Trustees Limited (As Trustee of the Film Ocean Directors Pension Scheme)
2015-05-12
🔒
Charge registered #5
Lender: Investacc Pension Trustees Limited
2015-05-01
🔓
Charge satisfied #4
2012-05-22
🔓
Charge satisfied #2
2012-03-23
🔒
Charge registered #4
Lender: The Trustees of the Film-Ocean Limited Directors Pension Scheme
2012-02-24
🔒
Charge registered #3
Lender: Svenska Handelsbanken Ab (Publ)
2012-01-31
🔓
Charge satisfied #1
2008-10-04
🔒
Charge registered #2
Lender: Barclays Bank PLC
2005-11-16
🔒
Charge registered #1
Lender: Cattles Invoice Finance Limited
2004-12-23
🏢
Company incorporated
As FILM-OCEAN LTD.
2004-12-23
➕
JENNEY, Scott appointed
secretary
2004-12-23
➕
JENNEY, Scott appointed
director
2004-12-23
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2004-12-23
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2004-12-23
➕
MARTIN, Bernard appointed
director
2004-12-23
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2004-12-23
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

66/100

High — earn-out structure required

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

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 21 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

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 62. Early succession window.
primary20+ year tenure: Director in role 21 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

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Stapem International Investments Sa is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Stapem International Investments Sa

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

ultimate parent

⬇

FILM-OCEAN LTD.

This company · SC277787

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
Stapem International Investments Sa Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	15/02/2019

2 historic (ceased) PSCs

Scott Jenneyceased 15/02/2019· 25-50% shares · 25-50% voting
Mr Bernard Martinceased 15/02/2019· 25-50% shares · 25-50% voting

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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LJF CUSTOM COATINGS LIMITED→ SC751474 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
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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

Incorporated2004-12-23

Jurisdictionscotland

Primary SIC09100 — SIC 09100

Registered office

Ocean House 1 Balmacassie Brae

Balmacassie Commercial Park

Ellon

Aberdeenshire

AB41 8BY

United Kingdom

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-06

Last: 2025-12-23