ALGAS MEDICAL INSTALLATIONS LIMITED

🌳Matureactive

SC284549 · ltd · incorporated 2005-05-10

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 10.1y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Apr 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other construction installation

Sector: Construction

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 10.1y

85/100

ready

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

· Oldest live charge is 10.1 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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

7 officers (5 active, 7 linked, 4 with DOB)

Ownership & PSC

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

Director network

6 connected companies via shared directors

Filing history

57 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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

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	2024-04-30	2023-04-30
Average employees	2200	2200

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (30 events)Click to expand

2025-04-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-07-08
🔓
Charge satisfied #2
2021-07-08
🔓
Charge satisfied #1
2021-04-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-06
📄
capital-allotment-shares
capital · SH01
2020-01-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-28
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2018-02-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-02-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-01-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-12-25
➕
JOHNSTON, Scott appointed
director
2016-12-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-12-11
➕
MCNICOL, Barry appointed
director
2016-03-18
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2016-03-18
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2005-05-10
🏢
Company incorporated
As ALGAS MEDICAL INSTALLATIONS LIMITED
2005-05-10
➕
MCNICOL, Maureen Isobel appointed
secretary
2005-05-10
➕
MCNICOL, Alistair appointed
director
2005-05-10
➕
MCNICOL, Maureen Isobel appointed
director
2005-05-10
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2005-05-10
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2005-05-10
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2005-05-10
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-4 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.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 70 years old. Natural succession window is now.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Alistair Mcnicol Individual · British · DOB 06/1956 · age 70	—	—	sig. influencesignificant influence	06/04/2016
Mrs Maureen Isobel Mcnicol Individual · British · DOB 03/1957 · age 69	—	—	sig. influencesignificant influence	06/04/2016

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 · Construction · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALYNTRA GROUP LTD→ SC870222 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AM STRUCTURES LTD→ SC712171 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
AMBASSADOR RESIDENTIAL LTD→ SC393731 · est 2011 · no financials extracted	—	—	—	—	15y	—	—
AMN CONTRACTS LIMITED→ SC304993 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
AMPTECH ELECTRICAL SOLUTIONS LTD→ SC876827 · est 2026 · no financials extracted	—	—	—	—	—	—	—
ANDERLEE JOINERY SERVICES LIMITED→ SC530730 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ANDERSON SCAFFOLDING LIMITED→ SC834446 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ANDREW HAMMOND RAIL LIMITED→ SC705705 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ANDYS TRADING 1 LTD LTD→ SC779561 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ANDYSAP LIMITED→ SC860960 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ANGEL ROPES& RIGGING LTD→ SC745764 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ANGUS MACIVER JOINERY LTD→ SC564246 · est 2017 · no financials extracted	—	—	—	—	8y	—	—

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

Incorporated2005-05-10

Jurisdictionscotland

Primary SIC43290 — Other construction installation

Registered office

Unit 23 Birch Road

Broadmeadow Industrial Estate

Dumbarton

G82 2RE

Scotland

Filing status

Accounts

Next due: 2026-04-30

Last made up to: 2024-04-30

Confirmation statement

Next due: 2026-05-24

Last: 2025-05-10

Officers (5 active · 2 resigned)

MCNICOL, Maureen Isobel→

secretary · appointed 2005-05-10

View their other companies + combined net worth →

Active

JOHNSTON, Scott→

director · ~52y · appointed 2016-12-25

View their other companies + combined net worth →

Active

MCNICOL, Alistair→

director · ~70y · appointed 2005-05-10

View their other companies + combined net worth →

Active

MCNICOL, Barry→

director · ~44y · appointed 2016-12-11

View their other companies + combined net worth →

Active

MCNICOL, Maureen Isobel→

director · ~69y · appointed 2005-05-10

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2005-05-10 · resigned 2005-05-10

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2005-05-10 · resigned 2005-05-10

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	18/03/2016	08/07/2021
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	18/03/2016	08/07/2021

Recent filings (57 total)

confirmation-statement-with-updates

confirmation-statement · CS01

2025-07-05

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-01-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-07-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-04-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-07-29

confirmation-statement-with-updates

confirmation-statement · CS01

2022-05-10

change-registered-office-address-company-with-date-old-address-new-address

address · AD01

2021-08-12

mortgage-satisfy-charge-full

mortgage · MR04

2021-07-08

mortgage-satisfy-charge-full

mortgage · MR04

2021-07-08

confirmation-statement-with-updates

confirmation-statement · CS01

2021-05-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-04-30

capital-allotment-shares

capital · SH01

2020-11-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-06-07