SMILLIE INDEPENDENT PLUMBING SUPPLIES LTD
🌳Matureactive
SC384701 · ltd · incorporated 2010-09-02
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£70.5k
book net assets
Opportunity
74/100
Strong
What this business does
Primary activity: SIC 46740
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 74/100 (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: strategic trade sale (63/100).
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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £70,475
Net assets shrinking
Down £20,743 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£70k
↓ 23% YoY
Current Assets
£200k
↑ 7.3% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-30 | 2023-09-30 |
|---|---|---|
| Total assets | £70.5k | £91.2k |
| Current assets | £200.4k | £186.8k |
| Net assets | £70.5k | £91.2k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (26 events)Click to expand
- 2025-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-06-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-07-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-21📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-21📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-06-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-06➕MCINULTY, Stephen James appointeddirector
- 2021-08-06➖SMILLIE, Graham resigneddirector
- 2021-08-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-05-11📄gazette-filings-brought-up-to-dategazette · DISS40
- 2021-05-10📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-12-24📄dissolved-compulsory-strike-off-suspendeddissolution · DISS16(SOAS)
- 2020-12-01📄gazette-notice-compulsorygazette · GAZ1
- 2020-06-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-06-05📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-06-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-06-01➕SMILLIE, Jonathan James appointedsecretary
- 2020-06-01➕SMILLIE, Andrew Gordon appointeddirector
- 2020-05-31➖SMILLIE, Graham resignedsecretary
- 2019-06-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2010-09-02🏢Company incorporatedAs SMILLIE INDEPENDENT PLUMBING SUPPLIES LTD
- 2010-09-02➕SMILLIE, Graham appointedsecretary
- 2010-09-02➕SMILLIE, Graham appointeddirector
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder name in company name: Company name contains director surname "SMILLIE" — strong identity link between founder and business.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 16 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Andrew Gordon Smillie Individual · British · DOB 07/1984 · age 42 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/09/2021 |
Mr Stephen James Mcinulty Individual · British · DOB 09/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 03/09/2021 |
1 historic (ceased) PSC
- Mr Graham Smillieceased 03/09/2021· 75-100% shares
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 →Similar companies
Active · Wholesale & distribution · ML postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KUVAKA LTD.→ SC760101 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| M&M INTERNATIONAL DISTRIBUTION LTD→ SC549479 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| NOVA SHIELD PROTECTION LIMITED→ SC867677 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| PROFESSIONAL OFFICE SUPPLIES LIMITED→ SC224666 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| RGM CRANES UK LTD→ SC726716 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| SCOTCREST UNIFORMS LTD.→ SC406071 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| SCOTFIX LIMITED→ SC117184 · est 1989 · no financials extracted | — | — | — | — | 37y | — | — |
| SCYLINA LTD→ SC800584 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| SGJ PERFUMES LIMITED→ SC525221 · est 2016 · no financials extracted | — | — | — | — | 10y | — | — |
| SLH SUPPLIES LIMITED→ SC818613 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| SOFT DRINKS DIRECT LIMITED→ SC655233 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| SOFTWORLD INTERNATIONAL LIMITED→ SC819178 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2010-09-02
Jurisdictionscotland
Primary SIC46740 — SIC 46740
Registered office
Unit 4 Block 6 Fullwood Industrial Estate
Burnbank Road
Hamilton
ML3 9AZ
Filing status
Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-08-10
Last: 2025-07-27
Officers (3 active · 2 resigned)
SMILLIE, Jonathan James→
Activesecretary · appointed 2020-06-01
View their other companies + combined net worth →
MCINULTY, Stephen James→
Activedirector · ~55y · appointed 2021-08-06
View their other companies + combined net worth →
SMILLIE, Andrew Gordon→
Activedirector · ~42y · appointed 2020-06-01
View their other companies + combined net worth →
SMILLIE, Graham→
Resignedsecretary · appointed 2010-09-02 · resigned 2020-05-31
SMILLIE, Graham→
Resigneddirector · ~73y · appointed 2010-09-02 · resigned 2021-08-06
Click a director name to see their full track record across all companies.
Recent filings (41 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-18
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-03
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-06-28
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-07-21
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-07-21
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-10
appoint-person-director-company-with-name-date
officers · AP01
2021-08-17
termination-director-company-with-name-termination-date
officers · TM01
2021-08-06
accounts-with-accounts-type-micro-entity
accounts · AA
2021-06-29