UNDERFLOOR HEATING MERCHANTS LTD

🌳Matureactive
SC280708 · ltd · incorporated 2005-02-25
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 Apr 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (79/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees800900

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (20 events)Click to expand
  1. 2026-03-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-01-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-01-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2022-04-05
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  9. 2022-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-14
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2019-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-02-19
    📄
    resolution
    resolution · RESOLUTIONS
  15. 2018-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2015-12-31
    ➖
    CLARK, James resigned
    secretary
  17. 2005-02-25
    🏢
    Company incorporated
    As UNDERFLOOR HEATING MERCHANTS LTD
  18. 2005-02-25
    ➕
    CLARK, Ian Philip appointed
    director
  19. 2005-02-25
    ➕
    CLARK, Margaret Ann appointed
    director
  20. 2005-02-25
    ➕
    CLARK, James appointed
    secretary

Owner dependency

91/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 71 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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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
NameSharesVoting rightsNature of controlNotified
Mr Ian Philip Clark
Individual · British · DOB 04/1955 · age 71
25–50%
—25-50% shares01/01/2017
Mrs Margaret Ann Clark
Individual · British · DOB 03/1960 · age 66
25–50%
—25-50% shares01/01/2017

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 · Wholesale & distribution · PH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
FINDONY LIMITED→
SC170191 · est 1996
£27.35M
£20.51M–£34.19M
£37.40M—1340029y8759y
SIMON HOWIE BUTCHERS LIMITED→
SC248591 · est 2003
£26.78M
£20.09M–£33.48M
£37.40M—1340023y8465y
GL DAMECK LIMITED→
SC314389 · est 2007
£4.40M
£3.30M–£5.50M
——3819y8559y
SHORE LAMINATES LIMITED→
SC131630 · est 1991
£3.16M
£2.37M–£3.95M
——3135y8365y
DAMECK HOLDINGS LIMITED→
SC298814 · est 2006
£1.85M
£1.39M–£2.32M
———20y8393y
ASI BRANDS LIMITED→
SC167312 · est 1996 · no financials extracted
————29y8393y
CHOCOLATE AND LOVE LTD→
SC367078 · est 2009
———316y8358y
DIRECT PET SUPPLIES LIMITED→
SC192165 · est 1998
———427y8361y
GLENALMOND TIMBER COMPANY LIMITED→
SC109190 · est 1988
———200038y8364y
GLENEARN FLOORING OF PERTH LIMITED→
SC151685 · est 1994
———100031y8379y
BRIAN DOOLE GOLF LIMITED→
SC289970 · est 2005
———30020y8264y
LETTERFINLAY CATERING EQUIPMENT LTD.→
SC192223 · est 1998
——£4.7k—27y8277y
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
Incorporated2005-02-25
Jurisdictionscotland
Primary SIC46740 — SIC 46740

Registered office

Ruthvenfield Grove
Inveralmond Industrial Estate
Perth
Perthshire
PH1 3FN

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-03-11
Last: 2026-02-25

Officers (2 active · 1 resigned)

CLARK, Ian Philip→
director · ~71y · appointed 2005-02-25
View their other companies + combined net worth →
Active
CLARK, Margaret Ann→
director · ~66y · appointed 2005-02-25
View their other companies + combined net worth →
Active
CLARK, James→
secretary · appointed 2005-02-25 · resigned 2015-12-31
Resigned

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

Recent filings (59 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-11
change-person-director-company-with-change-date
officers · CH01
2026-03-10
change-person-director-company-with-change-date
officers · CH01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-05
change-account-reference-date-company-current-extended
accounts · AA01
2022-04-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-20