HIGHLANDER SECURITY SHREDDING LTD

🌳Matureactive
SC395423 · ltd · incorporated 2011-03-14
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 12.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£646.8k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: SIC 38320
Sector: Water supply & waste
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 12.0y

85/100
ready

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

  • · Oldest live charge is 12.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 5 with DOB)
84
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
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 £646,780
Cash YoY
-13%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£578k
↓ 13% YoY
Net Worth
£647k
~ YoY
Current Assets
£974k
~ YoY
Current Liabilities
—
£0£195k£390k£585k£779k£974kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£646.8k£643.0k
Current assets£974.4k£967.7k
Cash£578.1k£662.0k
Debtors£387.9k£298.7k
Net assets£646.8k£643.0k

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
1
filing
  • • 1 confirmation-statement
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-03-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-09-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-09-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-09-13
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2022-09-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-03-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2021-07-29
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2021-04-15
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2020-05-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2020-01-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-01-20
    ➕
    BINGHAM, Lewis appointed
    director
  13. 2020-01-20
    ➕
    O'BRIEN, Tracey appointed
    director
  14. 2019-04-26
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2018-03-22
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-03-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  17. 2016-03-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-04-15
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  19. 2011-03-14
    🏢
    Company incorporated
    As HIGHLANDER SECURITY SHREDDING LTD
  20. 2011-03-14
    ➕
    BINGHAM, Margaret appointed
    secretary
  21. 2011-03-14
    ➕
    BINGHAM, Brian appointed
    director
  22. 2011-03-14
    ➕
    DUFFY, Stephen Thomas appointed
    director
  23. 2011-03-14
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  24. 2011-03-14
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  25. 2011-03-14
    ➕
    MABBOTT, Stephen George appointed
    director
  26. 2011-03-14
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 61. Early succession window.
  • secondary12+ year tenure: Director in role 15 years.
  • secondaryStable-but-static management: Company is 15 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 Brian Bingham
Individual · British · DOB 05/1965 · age 61
50–75%
—50-75% shares06/04/2016
Mr Stephen Thomas Duffy
Individual · British · DOB 07/1976 · age 50
25–50%
—25-50% shares01/01/2022

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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——24628y8459y
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——590061y8459y
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——021y8459y
BAILLIE WINDFARM LIMITED→
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————22y8371y
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——£1.59M—22y8361y
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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
Incorporated2011-03-14
Jurisdictionscotland
Primary SIC38320 — SIC 38320

Registered office

7-10 Linwood Avenue
East Kilbride
Glasgow
G74 5NE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-28
Last: 2026-03-14

Officers (5 active · 2 resigned)

BINGHAM, Margaret→
secretary · appointed 2011-03-14
View their other companies + combined net worth →
Active
BINGHAM, Brian→
director · ~61y · appointed 2011-03-14
View their other companies + combined net worth →
Active
BINGHAM, Lewis→
director · ~33y · appointed 2020-01-20
View their other companies + combined net worth →
Active
DUFFY, Stephen Thomas→
director · ~50y · appointed 2011-03-14
View their other companies + combined net worth →
Active
O'BRIEN, Tracey→
director · ~38y · appointed 2020-01-20
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2011-03-14 · resigned 2011-03-14
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2011-03-14 · resigned 2011-03-14
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge—15/04/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-08
change-person-director-company-with-change-date
officers · CH01
2026-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-03-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-07-29
resolution
resolution · RESOLUTIONS
2021-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-05-26