SLIPWAY AUTOS LIMITED

🌳Matureactive
SC282361 · ltd · incorporated 2005-03-31
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 5.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 5.0y

75/100
ready

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

  • · Charge age ~5.0 years — mid-life; refi window approaching.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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

Company profile
address, 2 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
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
82/100Exceptional
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
100
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees11001200

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-02-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-04-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-04-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-01-26
    ➖
    QUIGLEY, James resigned
    director
  7. 2022-01-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-06-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2021-05-24
    🔒
    Charge registered #1
    Lender: Iwoca Skye Finance LTD
  10. 2021-04-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-01-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-03-09
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-04-11
    ➖
    PENMAN, Jeanette resigned
    director
  18. 2007-04-25
    ➕
    PENMAN, Jeanette appointed
    director
  19. 2007-03-17
    ➖
    PENMAN, Mark Reader resigned
    director
  20. 2007-01-12
    ➕
    QUIGLEY, James appointed
    director
  21. 2005-03-31
    🏢
    Company incorporated
    As SLIPWAY AUTOS LIMITED
  22. 2005-03-31
    ➕
    SMITH, Theresa Ann appointed
    secretary
  23. 2005-03-31
    ➕
    MACLEOD, Kenneth Hugh appointed
    director
  24. 2005-03-31
    ➕
    PENMAN, Gordon Mcmillan appointed
    director
  25. 2005-03-31
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2005-03-31
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 2005-03-31
    ➕
    PENMAN, Mark Reader appointed
    director

Owner dependency

83/100
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 67 — succession pressure is live.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Gordon Mcmillan Penman
Individual · Scottish · DOB 10/1959 · age 67
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2005-03-31
Jurisdictionscotland
Primary SIC45112 — SIC 45112

Registered office

Unit 3a, Annat Point
Corpach
Fort William
Inverness Shire
PH33 6NN

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-04-18
Last: 2026-04-04

Officers (3 active · 4 resigned)

SMITH, Theresa Ann→
secretary · appointed 2005-03-31
View their other companies + combined net worth →
Active
MACLEOD, Kenneth Hugh→
director · ~54y · appointed 2005-03-31
View their other companies + combined net worth →
Active
PENMAN, Gordon Mcmillan→
director · ~67y · appointed 2005-03-31
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-03-31 · resigned 2005-03-31
Resigned
PENMAN, Jeanette→
director · ~95y · appointed 2007-04-25 · resigned 2014-04-11
Resigned
PENMAN, Mark Reader→
director · ~95y · appointed 2005-03-31 · resigned 2007-03-17
Resigned
QUIGLEY, James→
director · ~81y · appointed 2007-01-12 · resigned 2022-01-26
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
iwoca
Iwoca Skye Finance LTD
A registered charge—24/05/2021—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-01
termination-director-company-with-name-termination-date
officers · TM01
2022-01-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-06