SCOTTISH BUILDING FEDERATION

🌳Matureactive

SC354581 · private-limited-guarant-nsc-limited-exemption · incorporated 2009-02-05

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

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 Dec 2025

Net worth

£386.6k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Activities of business and employers membership organisations

Sector: Other service activities

Investor take

Pursue

Asset-holding vehicle with a 68-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (65/100, director aged 68). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 17.0y

30/100

under pressure

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

· Oldest live charge is 17.0 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

3 years of iXBRL accounts extracted + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

55 officers (15 active, 55 linked, 49 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

16 connected companies via shared directors

Filing history

155 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 £386,585

Cash YoY

-16%

Year on year

Key financials

3 years extracted from filed iXBRL accounts

Cash

£440k

↓ 16% YoY

Net Worth

£387k

↑ 1.5% YoY

Current Assets

£445k

↓ 16% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-12-31	2024-12-31	2023-12-31
Total assets	£386.6k	£386.6k	£520.2k
Current assets	£444.7k	£530.7k	£716.5k
Cash	£440.2k	£524.4k	£706.7k
Debtors	£4.5k	£6.4k	£9.9k
Net assets	£386.6k	£380.9k	£504.5k

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

filings

• 1 officers
• 1 accounts

Last 90 days

filings

• 1 officers
• 1 accounts

Last 180 days

filings

• 2 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (121 events)Click to expand

2026-06-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-06-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-21
➕
DUNSIRE, Magnus Murray appointed
director
2026-03-19
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2025-06-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-05
➕
MACKENZIE, Alan Sinclair appointed
director
2024-05-02
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-04-29
➕
RAE, Jennifer appointed
secretary
2024-04-15
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-04-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-15
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-22
➕
MITCHELL, Paul Robert appointed
director
2024-03-22
➖
MCGAHAN, Karen Christine resigned
secretary
2024-03-22
➖
HART, Vaughan Michael resigned
director
2024-03-22
➖
HONEYMAN, Ian David resigned
director
2024-03-22
➖
REID, Frank Munro resigned
director
2024-03-18
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-18
🔓
Charge satisfied #1
2024-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-01
➖
MACASKILL, Iain resigned
director
2023-07-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-01
➕
HILLMAN, Michael appointed
director
2023-06-01
➖
KELLY, Graham Thomas resigned
director
2023-06-01
➖
SMITH, Michael Charles resigned
director
2023-06-01
➖
TAYLOR, David Gordon resigned
director
2022-06-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-10
📄
change-person-director-company-with-change-date
officers · CH01
2022-04-07
🔓
Charge satisfied #2
2021-04-23
➕
BOAL, Gordon James appointed
director
2021-04-23
➕
CLARK, Euan Thomas appointed
director
2021-04-23
➖
THOMSON, Douglas Neil resigned
director
2019-06-19
➖
BALLANTYNE, Matthew Michael resigned
director
2019-06-19
➖
COOKE, Robert Charles resigned
director
2019-02-03
➖
GRAY, William Henderson resigned
director
2018-06-21
➕
MACLEOD, Greig, Mr. appointed
director
2018-03-16
➕
CALDWELL, James appointed
director
2016-06-09
➕
MORRIS, Alan Gilbert appointed
director
2016-06-09
➕
READ, Dawn appointed
director
2016-06-09
➖
HIGGINS, Edward resigned
director
2016-06-09
➖
IMLACH, William James resigned
director
2016-06-09
➕
KELLY, Graham Thomas appointed
director
2016-06-09
➖
MCLEISH, John resigned
director

Showing most recent 50 of 121 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-14 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 17 years.
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 · Other · FK postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALLOA FIRST LIMITED→ SC353754 · est 2009 · no financials extracted	—	—	—	—	17y	81	79y
CLACKS FIRST LIMITED→ SC344868 · est 2008	—	—	—	100	18y	81	66y
DICKSON, MIDDLETON & CO. LIMITED→ SC176158 · est 1997 · no financials extracted	—	—	—	—	29y	81	61y
FRIENDS OF KINGS PARK, STIRLING LIMITED→ SC325914 · est 2007 · no financials extracted	—	—	—	—	19y	81	78y
AIRPORT TRANSFERS FALKIRK LTD.→ SC387399 · est 2010	—	—	—	—	15y	80	60y
DRIVING FORCE - SPORTS ENGINEERING LIMITED→ SC179655 · est 1997	—	—	—	0	28y	80	67y
FES (SCOTLAND) LIMITED→ SC337744 · est 2008	—	—	—	—	18y	80	84y
FES CONTRACTS LIMITED→ SC309744 · est 2006 · no financials extracted	—	—	—	—	19y	80	84y
FES SERVICES LIMITED→ SC309750 · est 2006	—	—	—	—	19y	80	84y
FES UTILITIES LIMITED→ SC309747 · est 2006	—	—	—	—	19y	80	84y
FORTH LIMITED→ SC233379 · est 2002 · no financials extracted	—	—	—	—	24y	80	84y
FORTH MANAGEMENT LIMITED→ SC233380 · est 2002 · no financials extracted	—	—	—	—	24y	80	84y

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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2009-02-05

Jurisdictionscotland

Primary SIC94110 — Activities of business and employers membership organisations

Registered office

Unit 5 Gateway Business Park

Beancross Road

Grangemouth

FK3 8WX

Scotland

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-02-19

Last: 2026-02-05