CANMORE PIPE BAGS LIMITED

🌳Matureactive
SC362533 · ltd · incorporated 2009-07-13
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 16.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£53.5k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other manufacturing n.e.c.
Sector: Manufacturing
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 16.8y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 16.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 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
55 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 · FRS 102
Positive net assets
Net assets £53,525

Key financials

2 years extracted from filed iXBRL accounts
Cash
£121k
Net Worth
£54k
Current Assets
£211k
Current Liabilities
—
£0£42k£84k£126k£168k£211kOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£54.9k—
Current assets£210.6k—
Cash£120.8k—
Debtors£27.7k—
Net assets£53.5k—
Average employees—500

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-07-23
    ➕
    SMITH, Kieran appointed
    director
  4. 2025-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-05-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-05-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-05-06
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-05-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-05-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2023-05-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-05-02
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2022-11-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2022-11-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2022-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2022-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2022-11-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2022-07-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-05-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2014-07-15
    ➕
    SMITH, Elaine appointed
    director
  23. 2009-08-13
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  24. 2009-07-13
    🏢
    Company incorporated
    As CANMORE PIPE BAGS LIMITED
  25. 2009-07-13
    ➕
    SMITH, Iain 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
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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
Mrs Elaine Smith
Individual · British · DOB 10/1968 · age 58
25–50%
—25-50% shares25/07/2016
Mr Iain Smith
Individual · British · DOB 06/1970 · age 56
25–50%
—25-50% shares25/07/2016

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
Incorporated2009-07-13
Jurisdictionscotland
Primary SIC32990 — Other manufacturing n.e.c.

Registered office

159a West Main Street
Whitburn
West Lothian
EH47 0QQ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-07-27
Last: 2025-07-13

Officers (3 active · 0 resigned)

SMITH, Elaine→
director · ~58y · appointed 2014-07-15
View their other companies + combined net worth →
Active
SMITH, Iain→
director · ~56y · appointed 2009-07-13
View their other companies + combined net worth →
Active
SMITH, Kieran→
director · ~31y · appointed 2025-07-23
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property13/08/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
appoint-person-director-company-with-name-date
officers · AP01
2025-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-15
change-person-director-company-with-change-date
officers · CH01
2025-05-06
change-person-director-company-with-change-date
officers · CH01
2025-05-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-22
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-29
change-person-director-company-with-change-date
officers · CH01
2023-05-02
change-person-director-company-with-change-date
officers · CH01
2023-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-02
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-02