QED NAVAL LTD
🌳Matureactive
SC339873 · ltd · incorporated 2008-03-19
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 8.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
3 live charges · 2 lenders · oldest 8.8y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 8.8 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: high (80/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 4 with DOB)
83
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-04-30 | 2024-04-30 |
|---|---|---|
| Average employees | 700 | 900 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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
2
filings
- • 1 accounts
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2026-02-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-10-03📄resolutionresolution · RESOLUTIONS
- 2025-10-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-10-01🔓Charge satisfied #3
- 2025-10-01🔓Charge satisfied #2
- 2025-05-26📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-05-20➖MBM SECRETARIAL SERVICES LIMITED resignedcorporate-secretary
- 2025-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-12-18🔒Charge registered #3Lender: Kelvin Capital Limited
- 2024-07-22📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-19📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-03-19🔒Charge registered #2Lender: Kelvin Capital Limited
- 2024-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-27📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-06-23➕MCINTOSH, Gordon appointeddirector
- 2023-06-23➖SYME, Peter Thomson resigneddirector
- 2023-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-03📄second-filing-capital-allotment-sharescapital · RP04SH01
- 2022-11-03📄capital-allotment-sharescapital · SH01
- 2022-11-02📄memorandum-articlesincorporation · MA
- 2022-11-02📄resolutionresolution · RESOLUTIONS
- 2022-11-01📄capital-allotment-sharescapital · SH01
- 2022-04-29📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-01➖TYRRELL, Laura resignedsecretary
- 2018-04-25➕SYME, Peter Thomson appointeddirector
- 2018-04-06🔓Charge satisfied #1
- 2017-06-29🔒Charge registered #1Lender: Donald Houston
- 2016-03-29➖THOMSON, Allan Robert resigneddirector
- 2014-08-26➕THOMSON, Allan Robert appointeddirector
- 2014-08-04➕MBM SECRETARIAL SERVICES LIMITED appointedcorporate-secretary
- 2008-03-19🏢Company incorporatedAs QED NAVAL LTD
- 2008-03-19➕SMITH, Jeremy Richard appointeddirector
- 2008-03-19➕TYRRELL, Laura appointedsecretary
Owner dependency
83/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — succession pressure is live.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 18 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo 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
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|---|---|---|---|---|---|---|---|
| AV BUSINESS LTD→ SC434149 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| AVER CORPORATE ADVISORY SERVICES LTD.→ SC362121 · est 2009 · no financials extracted | — | — | — | — | 16y | — | — |
| AVL PRODUCTIONS LTD→ SC575797 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AVROX ASSET LTD→ SC751516 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| AZENCHO LIMITED→ SC688333 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
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| BADENOCH ADVISORS LIMITED→ SC455428 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| BADGER CAMPERS LTD→ SC832428 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| BAHADAR SINGH ENGINEERING LIMITED→ SC172173 · est 1997 · no financials extracted | — | — | — | — | 29y | — | — |
| BAIL INNOVATIONS LTD→ SC682364 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| BALANCED IMPACT GROUP LTD→ SC590968 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| BALATONI FINANCIAL PLANNING LTD→ SC798663 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2008-03-19
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.
Registered office
2nd Floor Office (2/4) 11 Castle Street
Edinburgh
EH2 3AH
United Kingdom
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14
Officers (2 active · 4 resigned)
MCINTOSH, Gordon→
Activedirector · ~70y · appointed 2023-06-23
View their other companies + combined net worth →
SMITH, Jeremy Richard→
Activedirector · ~54y · appointed 2008-03-19
View their other companies + combined net worth →
TYRRELL, Laura→
Resignedsecretary · appointed 2008-03-19 · resigned 2018-12-01
MBM SECRETARIAL SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2014-08-04 · resigned 2025-05-20
SYME, Peter Thomson→
Resigneddirector · ~83y · appointed 2018-04-25 · resigned 2023-06-23
THOMSON, Allan Robert→
Resigneddirector · ~76y · appointed 2014-08-26 · resigned 2016-03-29
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Kelvin Capital Kelvin Capital Limited | A registered charge | 1 property | 18/12/2024 | 01/10/2025 | |
| satisfied | Kelvin Capital Kelvin Capital Limited | A registered charge | — | 19/03/2024 | 01/10/2025 | |
| satisfied | Donald Houston | A registered charge | — | 29/06/2017 | 06/04/2018 |
Recent filings (95 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-02-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-31
resolution
resolution · RESOLUTIONS
2025-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-01
mortgage-satisfy-charge-full
mortgage · MR04
2025-10-01
termination-secretary-company-with-name-termination-date
officers · TM02
2025-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-18
change-person-director-company-with-change-date
officers · CH01
2024-07-22
change-person-director-company-with-change-date
officers · CH01
2024-07-19
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-15
appoint-person-director-company-with-name-date
officers · AP01
2023-11-27