MERKLAND TANK LIMITED

🌳Matureactive

SC282068 · ltd · incorporated 2005-03-23

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

approaching window · 12-months

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

· Oldest live charge 8.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jan 2024

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 38120

Sector: Water supply & waste

ALSO REGISTERED FOR

39000SIC 39000
81229Other building and industrial cleaning activities
81299Other cleaning services

Investor take

Pursue

Active trading company with a 68-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 8.6y

70/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 8.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (76/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

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

Directors & officers

14 officers (6 active, 14 linked, 10 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

19 connected companies via shared directors

Filing history

77 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.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-01-31
Average employees	4900

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

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

2025-07-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-04
➖
FORGIE, Wilson Ewan resigned
director
2023-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-09
➖
HOTCHKISS, Colin resigned
director
2022-10-25
📄
accounts-with-accounts-type-small
accounts · AA
2022-04-05
📄
change-person-secretary-company-with-change-date
officers · CH03
2022-04-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-01
➕
FORGIE, Wilson Ewan appointed
director
2021-11-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-25
📄
accounts-with-accounts-type-small
accounts · AA
2021-10-12
➕
HOTCHKISS, Colin appointed
director
2021-09-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-08-31
➖
GIBSON, Robert resigned
director
2021-08-26
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-08-26
🔓
Charge satisfied #2
2021-06-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-05-28
➖
MATHESON, Andrew Campbell resigned
director
2021-02-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-01-29
➖
HORNE, Robert Ewing Stevenson resigned
director
2020-11-09
📄
accounts-with-accounts-type-small
accounts · AA
2020-07-01
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-06-26
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-06-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-06-10
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2017-10-02
➕
AITKEN, Brian Anthony appointed
director
2017-10-02
➕
BUCHAN, Ian Andrew John appointed
director
2017-10-02
➕
PIRRIE, James Mcnab appointed
director
2017-10-02
➕
PIRRIE, John Syme appointed
director
2017-10-02
➕
GIBSON, Robert appointed
director
2017-10-02
➕
MATHESON, Andrew Campbell appointed
director
2017-10-02
🔒
Charge registered #1
Lender: Nevis Capital LLP (As Security Trustee)
2014-05-07
➕
MCINTYRE, Kirsty appointed
director
2007-02-01
➕
MCINTYRE, Kirsty appointed
secretary
2007-02-01
➖
WILLIAMS, Stuart resigned
secretary
2005-03-23
🏢
Company incorporated
As MERKLAND TANK LIMITED
2005-03-23
➕
WILLIAMS, Stuart appointed
secretary
2005-03-23
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2005-03-23
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2005-03-23
➕
HORNE, Robert Ewing Stevenson appointed
director
2005-03-23
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2005-03-23
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

63/100

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.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
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.)

Group structure

Merkland Tank Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Merkland Tank Holdings Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

MERKLAND TANK LIMITED

This company · SC282068

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
Merkland Tank Holdings Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	02/10/2017

1 historic (ceased) PSC

Mr Robert Ewing Stevenson Horneceased 02/10/2017· 75-100% shares · 75-100% 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 →

Similar companies

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Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ENVIROCLEAN (SCOTLAND) LIMITED→ SC176022 · est 1997	£9.58M £6.90M–£12.26M	—	—	246	28y	84	59y
BARR + WRAY LIMITED→ SC040952 · est 1964	£4.90M £3.53M–£6.28M	—	—	5900	61y	84	59y
BARR + WRAY HOLDINGS 2 LIMITED→ SC276252 · est 2004	£1.34M £963.0k–£1.71M	—	—	0	21y	84	59y
PHILIPHAUGH HYDRO LIMITED→ SC398239 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
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PURE ALCHEMI LTD→ SC814162 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
RELIANCE CONTRACTS GROUP LIMITED→ SC805685 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
SCOTTISH WATER LIMITED→ SC207004 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
SF ELECTRICAL CONTRACTORS LTD.→ SC519219 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
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THE JUNK MAN LTD→ SC844145 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
TRASH BUSTERS LIMITED→ SC834666 · est 2025 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated2005-03-23

Jurisdictionscotland

Primary SIC38120 — SIC 38120

Registered office

14 Loanbank Quadrant

Govan

Glasgow

G51 3HZ

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2027-04-06

Last: 2026-03-23