WORKSPACE DESIGN GROUP

🌳Matureactive

SC320451 · private-unlimited · incorporated 2007-04-04

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 Dec 2024

Net worth

£1.73M

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -100% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 4.7y

35/100

under pressure

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

· Charge age ~4.7 years — mid-life; refi window approaching.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

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

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

Directors & officers

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

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

3 connected companies via shared directors

Filing history

81 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £1,726,760

Net assets shrinking

Down £69,291 YoY

Cash draining

Cash down 100% YoY

Cash YoY

-100%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£281

↓ 100% YoY

Net Worth

£1.7m

↓ 3.9% YoY

Current Assets

£1.4m

↓ 7.8% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£2.05M	£2.17M
Current assets	£1.41M	£1.53M
Cash	£281	£508.7k
Debtors	£1.41M	£1.02M
Net assets	£1.73M	£1.80M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 1 confirmation-statement
• 1 officers
• 1 capital

Counts from Companies House filing history.

Corporate timeline (36 events)Click to expand

2026-05-15
📄
change-person-director-company-with-change-date
officers · CH01
2026-03-04
📄
capital-name-of-class-of-shares
capital · SH08
2025-09-18
📄
accounts-with-accounts-type-group
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-group
accounts · AA
2023-09-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-24
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2023-03-29
📄
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-02-08
📄
capital-allotment-new-class-of-shares
capital · SH09
2023-02-08
📄
capital-allotment-new-class-of-shares
capital · SH09
2022-04-28
📄
capital-variation-of-rights-attached-to-shares
capital · SH10
2022-03-02
📄
capital-allotment-new-class-of-shares
capital · SH09
2022-03-01
📄
resolution
resolution · RESOLUTIONS
2021-10-22
📄
resolution
resolution · RESOLUTIONS
2021-10-21
📄
resolution
resolution · RESOLUTIONS
2021-10-21
📄
memorandum-articles
incorporation · MA
2021-10-20
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-10-19
📄
capital-allotment-new-class-of-shares
capital · SH09
2021-10-18
📄
capital-name-of-class-of-shares
capital · SH08
2021-10-13
🔒
Charge registered #1
Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
2021-10-05
📄
capital-allotment-new-class-of-shares
capital · SH09
2021-10-05
📄
capital-allotment-new-class-of-shares
capital · SH09
2021-04-07
➕
THOMAS, Richard appointed
director
2021-04-07
➕
THOMAS, Trudy appointed
director
2017-06-02
➕
FLETT, Mark appointed
director
2017-06-02
➕
FLETT, Martina appointed
director
2014-05-20
➖
FLETT, James Laurence Murray resigned
director
2007-04-04
🏢
Company incorporated
As WORKSPACE DESIGN GROUP
2007-04-04
➕
FLETT, Helen Dorothy appointed
secretary
2007-04-04
➕
FLETT, Gail Helen appointed
director
2007-04-04
➕
FLETT, Helen Dorothy appointed
director
2007-04-04
➕
FLETT, Timothy appointed
director
2007-04-04
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2007-04-04
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2007-04-04
➕
FLETT, James Laurence Murray appointed
director
2007-04-04
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2007-04-04
➖
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

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 73 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100

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 73 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 19 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.)

🔒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 · Trade services · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CHARLES CONNELL & COMPANY LIMITED→ SC028024 · est 1950	£25.00M £18.75M–£31.26M	—	—	200	75y	84	64y
WHISKY AUCTIONEER LIMITED→ SC490586 · est 2014	£4.63M £3.47M–£5.79M	—	—	58	11y	85	62y
CABERFEIDH HORIZONS→ SC274347 · est 2004 · no financials extracted	—	—	—	—	21y	83	79y
EPSCO LIMITED→ SC140759 · est 1992	—	—	—	2100	33y	83	74y
KISHORN PORT LIMITED→ SC350620 · est 2008	—	—	£2.54M	—	17y	83	78y
LOCHABER HOUSING ASSOCIATION PROPERTY SERVICES C.I.C.→ SC365453 · est 2009 · no financials extracted	—	—	—	—	16y	83	84y
PRIORITY MANAGEMENT (GLASGOW) LIMITED→ SC173423 · est 1997	—	—	£853.4k	—	29y	83	60y
THE BATHROOM COMPANY (PERTH) LIMITED→ SC256721 · est 2003	—	—	—	3000	22y	83	67y
ALLAN INGRAM INDUSTRIAL CLEANING SERVICES LTD.→ SC276324 · est 2004	—	—	£886.3k	—	21y	82	77y
D. & T. CAMPBELL (MEIGLE) LIMITED→ SC047602 · est 1970	—	—	—	2	56y	82	89y
DENHEAD FARMS LIMITED→ SC298268 · est 2006	—	—	£3.12M	—	20y	82	60y
DUNVORIST INVESTMENTS LIMITED→ SC317478 · est 2007	—	—	£586.0k	—	19y	82	78y

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.

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Company details

Statusactive

Typeprivate-unlimited

Incorporated2007-04-04

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

1 Bertha Park View

Inveralmond Industrial Estate

Perth

PH1 3JE

Filing status

Accounts

Next due: —

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-30

Last: 2026-03-16