SALTIRE BOOKS LIMITED

🌳Matureactive
SC342228 · ltd · incorporated 2008-05-01
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 Oct 2024
Net worth
£-22.8k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Book publishing
Sector: Information & communication
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

Data confidence

Overall: medium (78/100)

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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
45 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £22,779
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£100
~ YoY
Net Worth
-£23k
↑ 55% YoY
Current Assets
£29k
↑ 21% YoY
Current Liabilities
—
-£51k-£35k-£19k-£3k£13k£29kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£-22.8k£-50.9k
Current assets£29.4k£24.3k
Cash£100£100
Debtors£8.5k£711
Net assets£-22.8k£-50.9k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-07-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2019-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-07-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2017-07-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  10. 2016-07-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  11. 2016-05-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-06-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-05-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2014-07-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-05-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2013-07-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2008-05-01
    🏢
    Company incorporated
    As SALTIRE BOOKS LIMITED
  18. 2008-05-01
    ➕
    KAYNE, Steven Barry, Dr appointed
    secretary
  19. 2008-05-01
    ➕
    KAYNE, Lee Richard, Dr appointed
    director
  20. 2008-05-01
    ➕
    KAYNE, Steven Barry, Dr appointed
    director
  21. 2008-05-01
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  22. 2008-05-01
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  23. 2008-05-01
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-director
  24. 2008-05-01
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-director

Owner dependency

91/100
Critical — business is the founder

The 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 82 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

89/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 18 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Lee Kayne
Individual · British · DOB 02/1971 · age 55
50–75%
—50-75% shares06/04/2016
Dr Steven Barry Kayne
Individual · British · DOB 06/1944 · age 82
25–50%
—25-50% shares06/04/2016

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 →

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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
Incorporated2008-05-01
Jurisdictionscotland
Primary SIC58110 — Book publishing

Registered office

18-20 Main Street
Busby
Glasgow
G76 8DU

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-05-15
Last: 2025-05-01

Officers (3 active · 2 resigned)

KAYNE, Steven Barry, Dr→
secretary · appointed 2008-05-01
View their other companies + combined net worth →
Active
KAYNE, Lee Richard, Dr→
director · ~55y · appointed 2008-05-01
View their other companies + combined net worth →
Active
KAYNE, Steven Barry, Dr→
director · ~82y · appointed 2008-05-01
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2008-05-01 · resigned 2008-05-01
Resigned
STEPHEN MABBOTT LTD.→
corporate-director · appointed 2008-05-01 · resigned 2008-05-01
Resigned

Click a director name to see their full track record across all companies.

Recent filings (45 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-26