CO-AT MARINE LIMITED

🌳Matureactive

SC289512 · ltd · incorporated 2005-08-26

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.

Why now

Window closing · medium confidence

Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.

· Hygiene score: 85 → 90

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 3.6y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Hygiene score: 85 → 90

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

82/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 30110

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 3.6y

75/100

ready

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

· Charge age ~3.6 years — mid-life; refi window approaching.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (61/100)

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

No iXBRL financials extracted

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

11 officers (6 active, 11 linked, 8 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

14 connected companies via shared directors

Filing history

88 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 accounts
• 2 other

Counts from Companies House filing history.

Corporate timeline (40 events)Click to expand

2026-02-23
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-02-23
📄
legacy
accounts · PARENT_ACC
2026-02-23
📄
legacy
other · GUARANTEE2
2026-02-23
📄
legacy
other · AGREEMENT2
2025-06-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-16
➖
MCFADYEN, Stewart Kenneth resigned
director
2025-01-08
📄
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-01-08
📄
legacy
accounts · PARENT_ACC
2025-01-07
📄
legacy
other · AGREEMENT2
2025-01-07
📄
legacy
other · GUARANTEE2
2024-10-04
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-21
📄
change-account-reference-date-company-current-extended
accounts · AA01
2023-08-16
📄
memorandum-articles
incorporation · MA
2023-08-16
📄
resolution
resolution · RESOLUTIONS
2023-08-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-08-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-08-15
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-27
➕
PITT, Stuart Alexander appointed
director
2022-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-12-07
➕
ANDREW, Christopher appointed
director
2022-12-07
➕
KNOWLES, Brian Andrew appointed
director
2022-12-07
➕
MACGREGOR, Iain Ross appointed
director
2022-12-07
➕
MATHESON, Andrew Campbell appointed
director
2022-12-07
🔒
Charge registered #1
Lender: Hsbc UK Bank PLC
2020-03-10
➖
SHARP, Stephen Mark resigned
secretary
2020-03-10
➖
SHARP, Stephen Mark resigned
director
2005-08-26
🏢
Company incorporated
As CO-AT MARINE LIMITED
2005-08-26
➕
MACIVER, Kenneth appointed
director
2005-08-26
➕
SHARP, Stephen Mark appointed
secretary
2005-08-26
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2005-08-26
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2005-08-26
➕
MCFADYEN, Stewart Kenneth appointed
director
2005-08-26
➕
SHARP, Stephen Mark appointed
director
2005-08-26
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2005-08-26
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

58/100

Moderate — manageable with handover

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

FACTORS

-6 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.
+Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
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

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

🏛️

Modutec Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

CO-AT MARINE LIMITED

This company · SC289512

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
Modutec Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	07/12/2022

3 historic (ceased) PSCs

Mr Kenneth Maciverceased 07/12/2022· 25-50% shares
Mr Stewart Kenneth Mcfadyenceased 07/12/2022· 25-50% shares
Mr Stephen Mark Sharpceased 10/03/2020· 25-50% shares

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 · Manufacturing · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
PROFESSIONAL BEAUTY SYSTEMS (HOLDINGS) LIMITED→ SC313968 · est 2006	£18.63M £14.49M–£22.77M	—	—	—	19y	83	86y
PROFESSIONAL BEAUTY SYSTEMS LIMITED→ SC080712 · est 1982	£13.66M £10.63M–£16.70M	—	—	27700	43y	88	86y
SAFER SCOTLAND LTD→ SC526884 · est 2016	£6.90M £5.37M–£8.44M	£12.22M	—	6600	10y	85	65y
SMITH & MCLAURIN LIMITED→ SC229817 · est 2002	£3.37M £2.62M–£4.12M	—	—	7500	24y	85	68y
AQUASKY LIMITED→ SC189598 · est 1998	£351.8k £273.6k–£430.0k	£303.3k	—	400	27y	85	74y
DAVID SMITH (FABRICATORS) LIMITED→ SC056938 · est 1975	—	—	£184.3k	—	51y	83	58y
JGB STEELCRAFT (U.K.) LIMITED→ SC130494 · est 1991	—	—	£673.3k	—	35y	83	60y
MCKINLAY & BLAIR LIMITED→ SC052147 · est 1973 · no financials extracted	—	—	—	—	53y	83	68y
A MCPHERSON (BLACKSMITHS) LIMITED→ SC089569 · est 1984	—	—	£27.4k	—	41y	82	87y
ADAM MILLAR & SONS LTD.→ SC245027 · est 2003	—	—	£262.7k	—	23y	82	58y
ALBA TYRE MANAGEMENT LIMITED→ SC272387 · est 2004	—	—	£179.9k	—	21y	82	62y
AOI SYSTEMS LIMITED→ SC254755 · est 2003	—	—	£416.0k	—	22y	82	61y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2005-08-26

Jurisdictionscotland

Primary SIC30110 — SIC 30110

Registered office

Mirren Court Three 2nd Floor

123 Renfrew Road

Paisley

PA3 4EA

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-08-24

Last: 2025-08-10