ROOF SEAL (SCOTLAND) LTD
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (58/100).
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £487.7k | £353.3k |
| Current assets | £511.2k | £424.2k |
| Net assets | £487.7k | £353.3k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
- • 4 persons-with-significant-control
- • 1 confirmation-statement
Corporate timeline (25 events)Click to expand
- 2026-02-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2026-02-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-02-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-12-18📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2025-10-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-10-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-08-05📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-09-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-09-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-11-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-03-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-06-07📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-05-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2010-03-01➕VAREY, Billie Jo appointeddirector
- 2010-03-01➕VAREY, Thomas appointeddirector
- 2010-02-23🏢Company incorporatedAs ROOF SEAL (SCOTLAND) LTD
- 2010-02-23➕COSEC LIMITED appointedcorporate-secretary
- 2010-02-23➖COSEC LIMITED resignedcorporate-secretary
- 2010-02-23➕MCMEEKIN, James Stuart appointeddirector
- 2010-02-23➖MCMEEKIN, James Stuart resigneddirector
- 2010-02-23➕COSEC LIMITED appointedcorporate-director
- 2010-02-23➖COSEC LIMITED resignedcorporate-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +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.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- 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
cleanGroup structure
Gretna Properties Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Gretna Properties Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 26/01/2026 |
2 historic (ceased) PSCs
- Mr Thomas Vareyceased 26/01/2026· 25-50% shares
- Mrs Billie Jo Vareyceased 26/01/2026· 25-50% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 3 resigned)
Click a director name to see their full track record across all companies.