GRANITE CHIPS LTD

🌳Matureactive
SC356546 · ltd · incorporated 2009-03-13
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.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Bankability: 80 → 85
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 13.7y old — refinance window within 12 months
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • ↑Bankability: 80 → 85
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 Mar 2025
Net worth
£105.7k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Repair of computers and peripheral equipment
Sector: Other service activities
Investor take
Pursue
Asset-holding vehicle with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 62). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 13.7y

85/100
ready

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

  • · Oldest live charge is 13.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
44 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 · accounting standard not declared
Positive net assets
Net assets £105,708
Cash YoY
+11%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£36k
↑ 11% YoY
Net Worth
£106k
↑ 1.3% YoY
Current Assets
£39k
↑ 2.2% YoY
Current Liabilities
—
£0£21k£42k£63k£85k£106kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£105.7k£104.3k
Current assets£39.1k£38.3k
Cash£35.9k£32.2k
Debtors£1.1k£5.6k
Net assets£105.7k£104.3k

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
1
filing
  • • 1 mortgage
Last 180 days
2
filings
  • • 1 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-06-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-06-18
    🔓
    Charge satisfied #2
  3. 2025-11-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-09-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-06-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2023-06-13
    🔓
    Charge satisfied #1
  8. 2022-11-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-12-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2017-09-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-09-26
    📄
    capital-allotment-shares
    capital · SH01
  16. 2016-11-28
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2016-03-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-01-30
    ➖
    CROALL, Paul Douglas resigned
    director
  19. 2013-10-30
    🔒
    Charge registered #2
    Lender: National Westminster Bank PLC
  20. 2012-10-26
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  21. 2009-03-13
    🏢
    Company incorporated
    As GRANITE CHIPS LTD
  22. 2009-03-13
    ➕
    ADAMS, Scott Lee appointed
    director
  23. 2009-03-13
    ➕
    THOMSON, Andrew Robertson appointed
    director
  24. 2009-03-13
    ➕
    CROALL, Paul Douglas appointed
    director

Owner dependency

76/100
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 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

69/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 17 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
Mr Andrew Robertson Thomson
Individual · British · DOB 06/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Scott Lee Adams
Individual · British · DOB 06/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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

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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
Incorporated2009-03-13
Jurisdictionscotland
Primary SIC95110 — Repair of computers and peripheral equipment

Registered office

166 Clifton Road
Aberdeen
Aberdeen City
AB24 4HA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (2 active · 1 resigned)

ADAMS, Scott Lee→
director · ~52y · appointed 2009-03-13
View their other companies + combined net worth →
Active
THOMSON, Andrew Robertson→
director · ~62y · appointed 2009-03-13
View their other companies + combined net worth →
Active
CROALL, Paul Douglas→
director · ~64y · appointed 2009-03-13 · resigned 2015-01-30
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property30/10/201318/06/2026
satisfied
National Westminster Bank
National Westminster Bank PLC
Floating charge1 property26/10/201213/06/2023

Recent filings (44 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-06-18
confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-27
mortgage-satisfy-charge-full
mortgage · MR04
2023-06-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-03-24