PROCLAD HEAT TREATMENT LIMITED

💤Zombieactive
SC292794 · ltd · incorporated 2005-11-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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: Manufacture of metal structures and parts of structures
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

1 live charge · oldest 2.8y

10/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Newest facility, 2.8 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (82/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 11 with DOB)
88
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 101
Loss-making
Loss before tax £322,713

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 101
Metric2024-11-302023-11-30
Profit before tax£-322.7k£-270.3k
Average employees8900

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
0
filings
Last 180 days
3
filings
  • • 1 accounts
  • • 1 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (43 events)Click to expand
  1. 2025-12-10
    ➖
    WILSON, James Donald Gilmour resigned
    director
  2. 2025-12-10
    📄
    accounts-with-accounts-type-small
    accounts · AA
  3. 2025-12-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2024-05-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2023-08-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2023-07-04
    📄
    memorandum-articles
    incorporation · MA
  7. 2023-07-04
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-06-29
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-06-28
    🔒
    Charge registered #1
    Lender: Igf Business Credit Limited
  10. 2023-06-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  11. 2023-06-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-01-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2021-12-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2021-01-26
    ➖
    ROTTACH, Alessandro Bernardo Agostino resigned
    director
  15. 2021-01-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2020-10-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  17. 2020-10-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2020-10-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-04-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-04-24
    ➕
    PENMAN, Mark Anderson appointed
    director
  21. 2019-07-18
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2019-06-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2019-05-31
    ➖
    SHEPHERD, Derek resigned
    director
  24. 2018-12-03
    ➖
    PENMAN, Mark Anderson resigned
    director
  25. 2018-12-03
    ➕
    WILSON, James Donald Gilmour appointed
    director
  26. 2018-11-30
    ➖
    BIRNIE, James Reid resigned
    director
  27. 2018-07-02
    ➕
    ROTTACH, Alessandro Bernardo Agostino appointed
    director
  28. 2018-07-02
    ➕
    ROTTACH, Alessandro Bernardo Agostino appointed
    director
  29. 2018-07-02
    ➖
    ROTTACH, Alessandro Bernardo Agostino resigned
    director
  30. 2018-07-02
    ➕
    SHEPHERD, Derek appointed
    director
  31. 2017-11-27
    ➕
    BIRNIE, James Reid appointed
    director
  32. 2017-04-28
    ➖
    CARDNO, John Stephen resigned
    director
  33. 2016-06-01
    ➕
    CARDNO, John Stephen appointed
    director
  34. 2016-01-08
    ➖
    RODGER, Alan Mcintosh resigned
    director
  35. 2014-09-30
    ➖
    MCDOUGALL, Duncan Dargie resigned
    director
  36. 2012-04-25
    ➕
    PENMAN, Mark Anderson appointed
    director
  37. 2008-06-12
    ➖
    GRAY, Tracey Louise resigned
    secretary
  38. 2006-03-22
    ➕
    MCDOUGALL, Duncan Dargie appointed
    director
  39. 2006-03-10
    ➖
    JACKSON, Hugh Galloway resigned
    director
  40. 2005-11-07
    🏢
    Company incorporated
    As PROCLAD HEAT TREATMENT LIMITED
  41. 2005-11-07
    ➕
    GRAY, Tracey Louise appointed
    secretary
  42. 2005-11-07
    ➕
    JACKSON, Hugh Galloway appointed
    director
  43. 2005-11-07
    ➕
    RODGER, Alan Mcintosh appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 20 years old and no new directors in the last 3 years — succession not yet being planned internally.

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

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

🏛️
Scotar Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
PROCLAD HEAT TREATMENT LIMITED
This company · SC292794

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%
NameSharesVoting rightsNature of controlNotified
Scotar Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/01/2023
1 historic (ceased) PSC
  • Proclad Group Limitedceased 13/01/2023· 75-100% 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 · KY postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
FTV PROCLAD (U.K.) LIMITED→
SC271316 · est 2004
———4221y8566y
CLEAR AUDIO SYSTEMS LTD→
SC144490 · est 1993
——£17.3k—32y8381y
FCE HYDRAULICS LTD→
SC191289 · est 1998
——£655.5k—27y8368y
PR2 ENGINEERING LIMITED→
SC278634 · est 2005 · no financials extracted
————21y8360y
STONE MARINE SERVICES LIMITED→
SC202418 · est 1999
——£2.02M—26y8375y
TEN 47 LIMITED→
SC216186 · est 2001
——£4.37M—25y8361y
AXYZ ENGINEERING LIMITED→
SC222810 · est 2001
———40024y8265y
BELLISTON QUARRY COMPANY LTD. (THE)→
SC022558 · est 1943 · no financials extracted
————82y8294y
CONTRACT SOLUTIONS (SCOTLAND) LIMITED→
SC305000 · est 2006 · no financials extracted
————19y8275y
COOLFORCE LIMITED→
SC204027 · est 2000
———026y8261y
VALKARIE GAMES LTD→
SC793669 · est 2023 · no financials extracted
————2y——
VEHICLE TRANSPORT KINROSS LTD→
SC774377 · est 2023 · no financials extracted
————2y——
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated2005-11-07
Jurisdictionscotland
Primary SIC25110 — Manufacture of metal structures and parts of structures

Registered office

C/O Ftv Proclad (Uk) Limited
Viewfield Road
Glenrothes
Fife
KY6 2RD

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-15
Last: 2025-11-01

Officers (1 active · 11 resigned)

PENMAN, Mark Anderson→
director · ~56y · appointed 2020-04-24
View their other companies + combined net worth →
Active
GRAY, Tracey Louise→
secretary · appointed 2005-11-07 · resigned 2008-06-12
Resigned
BIRNIE, James Reid→
director · ~67y · appointed 2017-11-27 · resigned 2018-11-30
Resigned
CARDNO, John Stephen→
director · ~70y · appointed 2016-06-01 · resigned 2017-04-28
Resigned
JACKSON, Hugh Galloway→
director · ~76y · appointed 2005-11-07 · resigned 2006-03-10
Resigned
MCDOUGALL, Duncan Dargie→
director · ~63y · appointed 2006-03-22 · resigned 2014-09-30
Resigned
PENMAN, Mark Anderson→
director · ~56y · appointed 2012-04-25 · resigned 2018-12-03
Resigned
RODGER, Alan Mcintosh→
director · ~69y · appointed 2005-11-07 · resigned 2016-01-08
Resigned
ROTTACH, Alessandro Bernardo Agostino→
director · ~61y · appointed 2018-07-02 · resigned 2021-01-26
Resigned
ROTTACH, Alessandro Bernardo Agostino→
director · ~63y · appointed 2018-07-02 · resigned 2018-07-02
Resigned
SHEPHERD, Derek→
director · ~63y · appointed 2018-07-02 · resigned 2019-05-31
Resigned
WILSON, James Donald Gilmour→
director · ~64y · appointed 2018-12-03 · resigned 2025-12-10
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
Igf Business Credit
Igf Business Credit Limited
A registered charge—28/06/2023—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

accounts-with-accounts-type-small
accounts · AA
2025-12-10
termination-director-company-with-name-termination-date
officers · TM01
2025-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-13
accounts-with-accounts-type-full
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-03
accounts-with-accounts-type-full
accounts · AA
2023-08-31
memorandum-articles
incorporation · MA
2023-07-04
resolution
resolution · RESOLUTIONS
2023-07-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-06-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-26
accounts-with-accounts-type-full
accounts · AA
2023-01-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-14
accounts-with-accounts-type-small
accounts · AA
2021-12-16