LEITHEN MARINE LIMITED

🌳Matureactive
SC329813 · ltd · incorporated 2007-08-24
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

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
—
year to Aug 2024
Net worth
£1.31M
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: Other activities of employment placement agencies
Sector: Administrative & support services
Investor take
Pursue
Active trading company with a 85-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 85). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -54% 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 17.8y

45/100
under pressure

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

  • · Oldest live charge is 17.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (81/100)

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
9 officers (4 active, 9 linked, 8 with DOB)
88
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,307,109
Cash draining
Cash down 54% YoY
Cash YoY
-54%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£182k
↓ 54% YoY
Net Worth
£1.3m
↑ 15% YoY
Current Assets
£1.7m
↑ 12% YoY
Current Liabilities
—
£0£334k£669k£1.0m£1.3m£1.7mAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Total assets£1.31M£1.14M
Current assets£1.67M£1.49M
Cash£182.1k£393.9k
Debtors£1.49M£1.10M
Net assets£1.31M£1.14M

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
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-02-25
    ➖
    PETTY, Fiona resigned
    director
  2. 2026-02-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-02-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2025-04-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-05-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-12-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2019-09-09
    ➕
    PETTY, Fiona Christina Robertson appointed
    director
  13. 2019-09-09
    ➕
    SIMPSON, Shona Anne appointed
    director
  14. 2019-09-09
    ➕
    PETTY, Fiona appointed
    director
  15. 2019-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2019-09-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2019-08-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2018-08-27
    ➖
    EDGAR, Alexander John Charles resigned
    secretary
  20. 2018-08-27
    ➖
    EDGAR, Alexander John Charles resigned
    director
  21. 2018-08-27
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2017-09-04
    ➖
    EDGAR, James Benjamin Wilson, Captain resigned
    director
  23. 2017-09-04
    ➖
    PETTY, Fiona Christina Robertson resigned
    director
  24. 2008-08-19
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  25. 2007-08-24
    🏢
    Company incorporated
    As LEITHEN MARINE LIMITED
  26. 2007-08-24
    ➕
    EDGAR, James Benjamin Wilson appointed
    director
  27. 2007-08-24
    ➕
    EDGAR, Sheena Robertson appointed
    director
  28. 2007-08-24
    ➕
    EDGAR, Alexander John Charles appointed
    secretary
  29. 2007-08-24
    ➕
    EDGAR, Alexander John Charles appointed
    director
  30. 2007-08-24
    ➕
    EDGAR, James Benjamin Wilson, Captain appointed
    director
  31. 2007-08-24
    ➕
    PETTY, Fiona Christina Robertson appointed
    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 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 85 — 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 85 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 →

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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
Incorporated2007-08-24
Jurisdictionscotland
Primary SIC78109 — Other activities of employment placement agencies

Registered office

Michael Revels & Co Waukrigg Mill
Duke Street
Galashiels
TD1 1QD
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-03-11
Last: 2026-02-25

Officers (4 active · 5 resigned)

EDGAR, James Benjamin Wilson→
director · ~48y · appointed 2007-08-24
View their other companies + combined net worth →
Active
EDGAR, Sheena Robertson→
director · ~85y · appointed 2007-08-24
View their other companies + combined net worth →
Active
PETTY, Fiona Christina Robertson→
director · ~57y · appointed 2019-09-09
View their other companies + combined net worth →
Active
SIMPSON, Shona Anne→
director · ~41y · appointed 2019-09-09
View their other companies + combined net worth →
Active
EDGAR, Alexander John Charles→
secretary · appointed 2007-08-24 · resigned 2018-08-27
Resigned
EDGAR, Alexander John Charles→
director · ~58y · appointed 2007-08-24 · resigned 2018-08-27
Resigned
EDGAR, James Benjamin Wilson, Captain→
director · ~83y · appointed 2007-08-24 · resigned 2017-09-04
Resigned
PETTY, Fiona→
director · ~57y · appointed 2019-09-09 · resigned 2026-02-25
Resigned
PETTY, Fiona Christina Robertson→
director · ~57y · appointed 2007-08-24 · resigned 2017-09-04
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
Lloyds Banking Group
Royal Bank of Scotland PLC
Bond & floating charge1 property19/08/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-25
termination-director-company-with-name-termination-date
officers · TM01
2026-02-25
appoint-person-director-company-with-name-date
officers · AP01
2026-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-07-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-15
change-person-director-company-with-change-date
officers · CH01
2020-12-07