XLVET UK LIMITED

🌳Matureactive

SC278724 · ltd · incorporated 2005-01-21

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 13.3y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Activities of professional membership organisations

Sector: Other service activities

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 65/100. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 13.3y

50/100

clean up first

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

· Oldest live charge is 13.3 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

43 officers (9 active, 43 linked, 41 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

246 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 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	2024-12-31	2023-12-31

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 miscellaneous

Last 90 days

filings

• 2 officers
• 1 miscellaneous
• 1 capital

Last 180 days

filings

• 2 officers
• 2 capital
• 1 miscellaneous

Counts from Companies House filing history.

Corporate timeline (104 events)Click to expand

2026-05-06
📄
legacy
miscellaneous · RP01SH01
2026-04-20
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-04-20
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-06
➕
HOBBS, Roxanne Faye appointed
director
2026-03-03
📄
capital-allotment-shares
capital · SH01
2025-12-16
📄
capital-allotment-shares
capital · SH01
2025-12-01
➖
IVENS, Philip Anthony Spencer resigned
director
2025-08-21
📄
capital-allotment-shares
capital · SH01
2025-07-23
📄
resolution
resolution · RESOLUTIONS
2025-07-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-04
📄
accounts-with-accounts-type-group
accounts · AA
2025-06-11
➕
CUMISKEY, Alexander Hugh appointed
director
2025-06-11
➖
HUTCHINSON, Timothy Mark resigned
director
2025-06-11
➖
ROGERS, Helen Caroline resigned
director
2025-05-02
📄
capital-allotment-shares
capital · SH01
2025-04-23
📄
change-person-director-company-with-change-date
officers · CH01
2025-03-31
📄
capital-allotment-shares
capital · SH01
2025-03-31
📄
capital-alter-shares-redemption-statement-of-capital
capital · SH02
2025-03-26
➖
GILLESPIE MACANDREW SECRETARIES LIMITED resigned
corporate-secretary
2025-03-26
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-21
📄
capital-allotment-shares
capital · SH01
2024-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-07-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-07-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-19
📄
accounts-with-accounts-type-group
accounts · AA
2024-06-12
➕
HAYTON, Rachel Catherine appointed
director
2024-06-12
➕
HEDLEY, Kerrie appointed
director
2024-06-12
➕
STOCKTON, Jonathan Richard appointed
director
2024-06-12
➕
IVENS, Philip Anthony Spencer appointed
director
2024-06-12
➖
KING, Jane Anne resigned
director
2023-06-14
➕
DURSTON, Gavin Lammond appointed
director
2023-05-03
➖
GASKARTH, Lynne resigned
director
2022-07-31
➖
WHYTE, Diane Laura resigned
director
2022-06-08
➕
ALLEN, Katherine appointed
director
2022-01-06
➖
KEMMISH, Anthony Richard resigned
director
2021-06-09
➕
KING, Jane Anne appointed
director
2021-06-09
➕
ROGERS, Helen Caroline appointed
director
2021-02-16
➖
MITCHELL, Colin resigned
director
2020-06-03
➖
CANT, Andy John resigned
director
2020-06-03
➖
EAMES, Nicholas Richard resigned
director
2019-09-02
➖
ADLER, Andrew Paul resigned
director
2019-06-12
➕
ROPER, Nicholas Paul Mahon appointed
director
2019-06-12
➕
GASKARTH, Lynne appointed
director
2019-06-12
➕
KEMMISH, Anthony Richard appointed
director
2019-03-03
➖
TAYLOR, Bridget Claire resigned
director
2018-12-07
➖
SAPSFORD, Benjamin Patrick resigned
director

Showing most recent 50 of 104 events

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

58/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 17 years.

Red flags

1 high · 1 med ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-05

3 director resignations in last 12 months

medium

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

Evidence: HUTCHINSON, Timothy Mark resigned 2025-06-11; IVENS, Philip Anthony Spencer resigned 2025-12-01; ROGERS, Helen Caroline resigned 2025-06-11

🔒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 · Other · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
TARTAN GOLF INTERNATIONAL LIMITED→ SC086571 · est 1984	£965.1k £643.4k–£1.29M	—	—	19	42y	83	66y
CONFEDERATION OF FOREST INDUSTRIES (UK) LIMITED→ SC034467 · est 1959	£786.2k £524.1k–£1.05M	—	—	—	66y	82	72y
ESSENTIAL EDINBURGH→ SC343592 · est 2008	£82.2k £54.8k–£109.6k	—	—	700	17y	84	68y
COGENT SSC LIMITED→ SC129351 · est 1991 · no financials extracted	—	—	—	—	35y	83	59y
NEVIS PROPERTY COMPANY LIMITED→ SC020708 · est 1938 · no financials extracted	—	—	—	—	87y	83	90y
NEWLANDS COMMUNITY DEVELOPMENT TRUST→ SC328243 · est 2007 · no financials extracted	—	—	—	—	18y	83	68y
NORDAN SCANDIC (SCOTLAND) LTD→ SC165768 · est 1996	—	—	£2	—	30y	83	65y
OUTDOOR INDUSTRIES ASSOCIATION CIC→ SC366266 · est 2009 · no financials extracted	—	—	—	—	16y	83	66y
SALMON SCOTLAND LTD→ SC152347 · est 1994	—	—	£188.2k	—	31y	83	66y
SCOTPAC INTERNATIONAL (U.K.) LIMITED→ SC047003 · est 1969	—	—	—	—	56y	83	60y
SMTA (TRADING PARTNERS) LIMITED→ SC342972 · est 2008	—	—	—	0	18y	83	76y
AW ESTATES LIMITED→ SC259737 · est 2003 · no financials extracted	—	—	—	—	22y	82	68y

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

Incorporated2005-01-21

Jurisdictionscotland

Primary SIC94120 — Activities of professional membership organisations

Registered office

5 Atholl Crescent

Edinburgh

Midlothian

EH3 8EJ

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-05-05OVERDUE

Last: 2025-04-21