TERNCOVE LIMITED
🌳Matureactive
SC386534 · ltd · incorporated 2010-10-06
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
—
not disclosed
Net worth
—
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 70/100 (strong), bankability 75/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).
Data confidence
Overall: medium (58/100)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
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
16 officers (3 active, 16 linked, 12 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
86 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
90
Good data coverage for analysis.
Recent activity
Last 30 days
2
filings
- • 2 officers
Last 90 days
6
filings
- • 2 officers
- • 2 accounts
- • 2 other
Last 180 days
9
filings
- • 5 officers
- • 2 accounts
- • 2 other
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
- 2026-04-28📄change-corporate-secretary-company-with-change-dateofficers · CH04
- 2026-04-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-27➖WOODWARD, Michelle resigneddirector
- 2026-04-21📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-04-21📄legacyaccounts · PARENT_ACC
- 2026-04-21📄legacyother · GUARANTEE2
- 2026-04-21📄legacyother · AGREEMENT2
- 2026-02-17📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-02-10➕JACKSON, Andrew appointeddirector
- 2025-12-16➖HITCHEN, Louisa resigneddirector
- 2025-12-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-12-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-12-02➕ORYE, Michael appointeddirector
- 2025-05-26📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2025-04-30➕VISTRA COSEC LIMITED appointedcorporate-secretary
- 2025-02-17📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-02-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-01➕WOODWARD, Michelle appointeddirector
- 2025-01-31➖BURROWS SMITH, Mark resigneddirector
- 2025-01-31➕HITCHEN, Louisa appointeddirector
- 2024-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-31📄legacyother · GUARANTEE2
- 2024-12-31📄legacyaccounts · PARENT_ACC
- 2024-10-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-10-01➖WILSON, Andrew Neil resigneddirector
- 2024-07-30📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2024-06-24📄legacyother · AGREEMENT2
- 2024-06-24📄legacyother · GUARANTEE2
- 2024-06-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-11📄legacyother · AGREEMENT2
- 2024-03-26📄memorandum-articlesincorporation · MA
- 2024-03-22➖ELLIOTT, Trevor John resignedsecretary
- 2024-03-22➕BURROWS SMITH, Mark appointeddirector
- 2022-07-25➕ELLIOTT, Trevor John appointedsecretary
- 2020-11-16➖DIROLLO, Paul John resigneddirector
- 2019-11-28➖HALLWORTH, Ryan resigneddirector
- 2019-11-14➖SCAIFE, Andrew John resigneddirector
- 2019-05-19➖ROBINSON, Richard Philip resigneddirector
- 2018-10-18➕HALLWORTH, Ryan appointeddirector
- 2018-10-18➕ROBINSON, Richard Philip appointeddirector
- 2018-10-18➕SCAIFE, Andrew John appointeddirector
- 2018-10-18➕WILSON, Andrew Neil appointeddirector
- 2013-01-18➖TERNBAY LIMITED resignedcorporate-director
- 2011-12-21➖COLL, Thomas resigneddirector
- 2011-11-25➕DIROLLO, Paul John appointeddirector
- 2011-09-01➕COLL, Thomas appointeddirector
- 2010-10-15➖BRIAN REID LTD. resignedcorporate-secretary
- 2010-10-15➖MABBOTT, Stephen George resigneddirector
- 2010-10-15➕TERNBAY LIMITED appointedcorporate-director
Showing most recent 50 of 53 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: HITCHEN, Louisa resigned 2025-12-16; WOODWARD, Michelle resigned 2026-04-27
Group structure
Nathans Waste Savers Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Nathans Waste Savers Limited
Corporate parent · holds 75-100% shares · board control
⬇
TERNCOVE LIMITED
This company · SC386534
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 |
|---|---|---|---|---|
Nathans Waste Savers Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 22/10/2018 |
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 · Energy & utilities · FK postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| NATHANS WASTE SAVERS LIMITED→ SC140595 · est 1992 | £8.63M £6.22M–£11.05M | £23.10M | — | 29900 | 33y | 82 | 58y |
| ARDVORLICH ESTATE LIMITED→ SC035482 · est 1960 | £948.2k £682.7k–£1.21M | — | — | 5 | 65y | 82 | 93y |
| COOLER AIR SERVICES LIMITED→ SC080543 · est 1982 | — | — | £1.24M | — | 43y | 82 | 63y |
| HYDROTECHNICS LTD.→ SC172313 · est 1997 | — | — | — | 100 | 29y | 82 | 58y |
| POWERMASTER COOLING LIMITED→ SC085282 · est 1983 | — | — | £2.19M | — | 42y | 82 | 75y |
| INNOVATIVE ENVIRONMENTAL SERVICES LTD.→ SC243122 · est 2003 | — | — | £822.6k | — | 23y | 81 | 62y |
| BALLIMORE HYDRO LIMITED→ SC410173 · est 2011 | — | — | — | 0 | 14y | 80 | 73y |
| CALLANDER COMMUNITY HYDRO LIMITED→ SC395082 · est 2011 · no financials extracted | — | — | — | — | 15y | 80 | 78y |
| FOUNDRY STEELS LTD.→ SC281901 · est 2005 | — | — | £948.4k | — | 21y | 80 | 71y |
| JOHN GRAHAM (METALS) LIMITED→ SC261633 · est 2004 | — | — | £8.89M | — | 22y | 80 | 68y |
| LOCHDOCHART HYDRO→ SC310998 · est 2006 · no financials extracted | — | — | — | — | 19y | 80 | 61y |
| P.C. TEXTILE WIPERS LIMITED→ SC187271 · est 1998 | — | — | £284.8k | — | 27y | 80 | 68y |
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
Incorporated2010-10-06
Jurisdictionscotland
Primary SIC38320 — SIC 38320
Registered office
13 Winchester Avenue
Denny
FK6 6QE
Scotland
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-10-20
Last: 2025-10-06
Officers (3 active · 13 resigned)
VISTRA COSEC LIMITED→
Activecorporate-secretary · appointed 2025-04-30
View their other companies + combined net worth →
JACKSON, Andrew→
Activedirector · ~53y · appointed 2026-02-10
View their other companies + combined net worth →
ORYE, Michael→
Activedirector · ~54y · appointed 2025-12-02
View their other companies + combined net worth →
ELLIOTT, Trevor John→
Resignedsecretary · appointed 2022-07-25 · resigned 2024-03-22
BRIAN REID LTD.→
Resignedcorporate-secretary · appointed 2010-10-06 · resigned 2010-10-15
BURROWS SMITH, Mark→
Resigneddirector · ~59y · appointed 2024-03-22 · resigned 2025-01-31
COLL, Thomas→
Resigneddirector · ~67y · appointed 2011-09-01 · resigned 2011-12-21
DIROLLO, Paul John→
Resigneddirector · ~57y · appointed 2011-11-25 · resigned 2020-11-16
HALLWORTH, Ryan→
Resigneddirector · ~43y · appointed 2018-10-18 · resigned 2019-11-28
HITCHEN, Louisa→
Resigneddirector · ~37y · appointed 2025-01-31 · resigned 2025-12-16
MABBOTT, Stephen George→
Resigneddirector · ~76y · appointed 2010-10-06 · resigned 2010-10-15
ROBINSON, Richard Philip→
Resigneddirector · ~59y · appointed 2018-10-18 · resigned 2019-05-19
SCAIFE, Andrew John→
Resigneddirector · ~50y · appointed 2018-10-18 · resigned 2019-11-14
WILSON, Andrew Neil→
Resigneddirector · ~60y · appointed 2018-10-18 · resigned 2024-10-01
WOODWARD, Michelle→
Resigneddirector · ~55y · appointed 2025-02-01 · resigned 2026-04-27
TERNBAY LIMITED→
Resignedcorporate-director · appointed 2010-10-15 · resigned 2013-01-18
Click a director name to see their full track record across all companies.
Recent filings (86 total)
change-corporate-secretary-company-with-change-date
officers · CH04
2026-04-28
termination-director-company-with-name-termination-date
officers · TM01
2026-04-28
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-04-21
legacy
accounts · PARENT_ACC
2026-04-21
legacy
other · GUARANTEE2
2026-04-21
legacy
other · AGREEMENT2
2026-04-21
appoint-person-director-company-with-name-date
officers · AP01
2026-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-12-16
appoint-person-director-company-with-name-date
officers · AP01
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-20
appoint-corporate-secretary-company-with-name-date
officers · AP04
2025-05-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-31