INDUSTRIAL SEPARATION SERVICES LTD.

🌳Matureactive

SC348044 · ltd · incorporated 2008-09-03

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 14.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

—

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Repair of machinery

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 14.6y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 14.6 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (76/100)

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

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

46 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

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	2024-09-30	2023-09-30
Average employees	1300	1500

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

filings

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-06-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-05
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-29
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-06-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2013-10-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-12
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2008-09-03
🏢
Company incorporated
As INDUSTRIAL SEPARATION SERVICES LTD.
2008-09-03
➕
NARPLAN ACCOUNTING SERVICES appointed
corporate-secretary
2008-09-03
➕
MCGOWAN, Francis appointed
director
2008-09-03
➕
WARD, Thomas appointed
director
2008-09-03
➕
PETER TRAINER COMPANY SECRETARIES LTD. appointed
corporate-secretary
2008-09-03
➖
PETER TRAINER COMPANY SECRETARIES LTD. resigned
corporate-secretary
2008-09-03
➕
PETER TRAINER COMPANY SECRETARIES LTD. appointed
corporate-director
2008-09-03
➖
PETER TRAINER COMPANY SECRETARIES LTD. resigned
corporate-director
2008-09-03
➕
PETER TRAINER CORPORATE SERVICES LTD. appointed
corporate-director
2008-09-03
➖
PETER TRAINER CORPORATE SERVICES LTD. resigned
corporate-director

Owner dependency

68/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

+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.

Succession & seller-readiness

59/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

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

Name	Shares	Voting rights	Nature of control	Notified
Mr Thomas Ward Individual · British · DOB 09/1975 · age 51	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence	03/09/2016
Mr Francis Mcgowan Individual · British · DOB 09/1970 · age 56	25–50%	25–50%	board controlsig. influence25-50% shares · 25-50% voting · board control · significant influence	03/09/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Manufacturing · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DIESELEC THISTLE GENERATORS LIMITED→ SC269766 · est 2004	£7.66M £5.96M–£9.37M	—	—	10300	21y	84	58y
CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999	£6.46M £5.02M–£7.89M	—	—	8100	27y	85	72y
PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005	£4.66M £3.63M–£5.70M	£24.98M	—	15700	20y	84	70y
PCT GROUP SALES LIMITED→ SC075642 · est 1981	£3.56M £2.77M–£4.35M	—	—	77	44y	85	83y
PROMAT BD LIMITED→ SC208370 · est 2000	£3.41M £2.65M–£4.17M	—	—	8500	25y	87	70y
KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987	£3.30M £2.57M–£4.03M	—	—	57	38y	84	65y
INDEPENDENT GLASS COMPANY LIMITED→ SC107294 · est 1987	£2.83M £2.20M–£3.46M	—	—	21800	38y	85	79y
THOMAS TUNNOCK LIMITED→ SC028747 · est 1952	£2.26M £1.76M–£2.76M	—	—	653	74y	85	93y
SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986	£1.51M £1.17M–£1.84M	—	—	2700	40y	85	65y
SOAPWORKS LIMITED→ SC388292 · est 2010	£817.8k £636.1k–£999.6k	£11.53M	—	10300	15y	84	62y
WALKI LIMITED→ SC014320 · est 1926	£439.3k £341.7k–£536.9k	—	—	35	99y	94	61y
LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003	—	—	—	1400	23y	88	66y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

6 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

Incorporated2008-09-03

Jurisdictionscotland

Primary SIC33120 — Repair of machinery

Registered office

Narplan House 63 Main Street

Rutherglen

Glasgow

G73 2JH

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-09-30

Confirmation statement

Next due: 2026-09-17

Last: 2025-09-03

Officers (3 active · 3 resigned)

NARPLAN ACCOUNTING SERVICES→

corporate-secretary · appointed 2008-09-03

View their other companies + combined net worth →

Active

MCGOWAN, Francis→

director · ~56y · appointed 2008-09-03

View their other companies + combined net worth →

Active

WARD, Thomas→

director · ~51y · appointed 2008-09-03

View their other companies + combined net worth →

Active

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-secretary · appointed 2008-09-03 · resigned 2008-09-03

Resigned

PETER TRAINER COMPANY SECRETARIES LTD.→

corporate-director · appointed 2008-09-03 · resigned 2008-09-03

Resigned

PETER TRAINER CORPORATE SERVICES LTD.→

corporate-director · appointed 2008-09-03 · resigned 2008-09-03

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Floating charge	1 property	12/10/2011	—

Click column headers to sort. Use filters above to narrow by status and lender.