VERGECOSSE LIMITED

🌳Matureactive

SC298348 · ltd · incorporated 2006-03-08

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£1.22M

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: SIC 11020

Sector: Manufacturing

Investor take

Special-situation opportunity

Distressed food-drink with salvageable qualities — special-situations priority.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (72/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

8 officers (6 active, 8 linked, 5 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

6 connected companies via shared directors

Filing history

97 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £1,217,419

Cash YoY

+13%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£48k

↑ 13% YoY

Net Worth

£1.2m

~ YoY

Current Assets

£1.2m

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£1.22M	£1.22M
Current assets	£1.22M	£1.21M
Cash	£48.4k	£42.7k
Debtors	£1.17M	£1.17M
Net assets	£1.22M	£1.22M

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

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2025-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-08
➕
GORVETT, Stephen John appointed
director
2021-12-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-02-23
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-01-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-13
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-12
📄
capital-allotment-shares
capital · SH01
2018-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-13
📄
capital-allotment-shares
capital · SH01
2017-03-14
📄
second-filing-of-annual-return-with-made-up-date
document-replacement · RP04AR01
2017-01-07
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-19
📄
capital-allotment-shares
capital · SH01
2012-05-15
➕
DAVIDSON, Neil Stuart appointed
director
2012-05-15
➕
PHILIPS, Richard Haydon appointed
director
2012-05-15
➕
REEVES, Robert Anthony appointed
director
2006-04-20
➕
TWEEDIE, Peter David appointed
secretary
2006-04-20
➕
KING, John Watson appointed
director
2006-04-20
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2006-04-20
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
2006-03-08
🏢
Company incorporated
As VERGECOSSE LIMITED
2006-03-08
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2006-03-08
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

65/100

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.
+Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

85/100

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 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
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

1 high ·

Confirmation statement overdue

high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-03-22

🔒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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BRODIE MELROSE DRYSDALE & CO. LIMITED→ SC201590 · est 1999	£1.45M £1.07M–£1.84M	£8.61M	—	3300	26y	84	63y
BELLA & DUKE LIMITED→ SC547789 · est 2016	£447.4k £329.6k–£565.1k	—	—	134	9y	83	67y
HAMLYNS OF SCOTLAND LIMITED→ SC176949 · est 1997	£99.9k £73.6k–£126.2k	£27.47M	—	5400	28y	86	80y
SUMMERHALL DISTILLERY LIMITED→ SC460003 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
THE BREADWINNER BAKERY LTD.→ SC403111 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
THE CHOCOLATE TREE LIMITED→ SC303502 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
THE EDINBURGH ICE COMPANY LIMITED→ SC541419 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
THE MALTED GULL LTD→ SC878727 · est 2026 · no financials extracted	—	—	—	—	—	—	—
THE SCOTCH MALT WHISKY SOCIETY LIMITED→ SC083022 · est 1983 · no financials extracted	—	—	—	—	42y	—	—
THE WHISPERING KETTLE LIMITED→ SC855377 · est 2025 · no financials extracted	—	—	—	—	—	—	—
TURKISH BAKERY 2024 LTD→ SC819898 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
VH CPK LTD→ SC800048 · est 2024 · 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.

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Company details

Statusactive

Typeltd

Incorporated2006-03-08

Jurisdictionscotland

Primary SIC11020 — SIC 11020

Registered office

Caledonian Exchange

19a Canning Street

Edinburgh

EH3 8HE

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-03-22OVERDUE

Last: 2025-03-08