POPLAR BUILDING & DRAINAGE SUPPLIES LTD

📉Decliningactive
SC367284 · ltd · incorporated 2009-10-22
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

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
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: leverage-led grower with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 16.3y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 16.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (3 active, 4 linked, 4 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £120,298

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£120.3k£154.9k
Average employees262400

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 (33 events)Click to expand
  1. 2025-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-02-06
    📄
    resolution
    resolution · RESOLUTIONS
  3. 2025-02-04
    📄
    capital-return-purchase-own-shares
    capital · SH03
  4. 2024-12-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2024-09-30
    📄
    capital-cancellation-shares
    capital · SH06
  6. 2023-12-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2022-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2022-11-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2022-11-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2022-11-04
    BENNETT, Peter appointed
    director
  11. 2022-11-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-04-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2022-04-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2022-04-27
    🔓
    Charge satisfied #4
  15. 2022-04-27
    🔓
    Charge satisfied #3
  16. 2022-04-26
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2022-04-22
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  18. 2022-02-10
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-01-27
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  20. 2021-08-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2021-07-07
    MORRIS, Robina resigned
    director
  22. 2021-06-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  23. 2021-04-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-03-18
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  25. 2020-11-24
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  26. 2017-01-19
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  27. 2014-11-01
    MORRIS, Robina appointed
    director
  28. 2012-12-17
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  29. 2012-10-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  30. 2010-04-20
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  31. 2009-10-22
    🏢
    Company incorporated
    As POPLAR BUILDING & DRAINAGE SUPPLIES LTD
  32. 2009-10-22
    DICK, Graeme appointed
    director
  33. 2009-10-22
    MORRIS, Kenneth appointed
    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
  • +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

63/100
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.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Kenneth Morris
Individual · British · DOB 11/1964 · age 62
2550%
25–50%25-50% shares · 25-50% voting22/10/2016
Mr Graeme Dick
Individual · Scottish · DOB 08/1977 · age 49
2550%
25–50%25-50% shares · 25-50% voting22/10/2016

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

8 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
Incorporated2009-10-22
Jurisdictionscotland
Primary SIC46740 — SIC 46740

Registered office

Unit B Newark Road North
Eastfield Industrial Estate
Glenrothes
Fife
KY7 4NT

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-05
Last: 2025-10-22

Officers (3 active · 1 resigned)

BENNETT, Peter
director · ~45y · appointed 2022-11-04
View their other companies + combined net worth →
Active
DICK, Graeme
director · ~49y · appointed 2009-10-22
View their other companies + combined net worth →
Active
MORRIS, Kenneth
director · ~62y · appointed 2009-10-22
View their other companies + combined net worth →
Active
MORRIS, Robina
director · ~67y · appointed 2014-11-01 · resigned 2021-07-07
Resigned

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

Mortgages & charges

6
Total charges
4
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge3 properties22/04/2022
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge27/01/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property19/01/201727/04/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property17/12/201227/04/2022
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property10/10/2012
outstanding
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property20/04/2010
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (61 total)

accounts-with-accounts-type-full
accounts · AA
2025-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-28
resolution
resolution · RESOLUTIONS
2025-02-06
capital-return-purchase-own-shares
capital · SH03
2025-02-04
accounts-with-accounts-type-full
accounts · AA
2024-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-04
capital-cancellation-shares
capital · SH06
2024-09-30
accounts-with-accounts-type-full
accounts · AA
2023-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
accounts-with-accounts-type-full
accounts · AA
2022-12-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-11-09
appoint-person-director-company-with-name-date
officers · AP01
2022-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
mortgage-satisfy-charge-full
mortgage · MR04
2022-04-27