DIRECT MESH LOCKERS LIMITED

🌳Matureactive
SC368301 · ltd · incorporated 2009-11-10
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 14.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£100.2k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 14.7y

70/100
ready

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

  • · Oldest live charge is 14.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (2 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
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
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 £100,171

Key financials

1 year extracted from filed iXBRL accounts
Cash
£2k
Net Worth
£100k
Current Assets
£203k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-30
Total assets£100.2k
Current assets£202.5k
Cash£1.5k
Debtors£199.9k
Net assets£100.2k

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
0
filings
Last 180 days
5
filings
  • • 4 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-11-24
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-10-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-08-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2025-03-14
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  8. 2025-03-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-05-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-05-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2023-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-05-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2022-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-03-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2015-12-07
    ➕
    LENNOX, Linda appointed
    director
  20. 2015-05-13
    🔒
    Charge registered #2
    Lender: Rbs Invoice Finance Limited
  21. 2014-03-11
    ➖
    CARRUTHERS, Andrew resigned
    director
  22. 2014-03-11
    ➖
    LENNOX, Linda resigned
    director
  23. 2011-11-01
    ➕
    CARRUTHERS, Andrew appointed
    director
  24. 2011-11-01
    ➕
    LENNOX, Linda appointed
    director
  25. 2011-08-31
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  26. 2009-11-10
    🏢
    Company incorporated
    As DIRECT MESH LOCKERS LIMITED
  27. 2009-11-10
    ➕
    LENNOX, James Mcbride appointed
    director

Owner dependency

91/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 16 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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 James Mcbride Lennox
Individual · British · DOB 08/1960 · age 66
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Linda Lennox
Individual · British · DOB 03/1959 · age 67
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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

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
Typeltd
Incorporated2009-11-10
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade

Registered office

Second Floor Airbles House
270 Airbles Road
Motherwell
ML1 3AT
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-11-24
Last: 2025-11-10

Officers (2 active · 2 resigned)

LENNOX, James Mcbride→
director · ~66y · appointed 2009-11-10
View their other companies + combined net worth →
Active
LENNOX, Linda→
director · ~67y · appointed 2015-12-07
View their other companies + combined net worth →
Active
CARRUTHERS, Andrew→
director · ~60y · appointed 2011-11-01 · resigned 2014-03-11
Resigned
LENNOX, Linda→
director · ~67y · appointed 2011-11-01 · resigned 2014-03-11
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge—13/05/2015—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property31/08/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-08
change-person-director-company-with-change-date
officers · CH01
2025-11-24
change-person-director-company-with-change-date
officers · CH01
2025-11-24
change-person-director-company-with-change-date
officers · CH01
2025-11-24
change-person-director-company-with-change-date
officers · CH01
2025-11-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-13
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-11-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-05-09