IAN ELLIOT LIMITED
Opportunity 73/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).
Refinance opportunity
3 live charges · 3 lenders · oldest 12.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 12.2 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (73/100)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 · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 |
|---|---|
| Total assets | £-39.4k |
| Current assets | £758.3k |
| Cash | £5.7k |
| Debtors | £1.0k |
| Net assets | £-39.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
3 signals 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
Corporate timeline (30 events)Click to expand
- 2025-09-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-26🔓Charge satisfied #3
- 2025-04-24📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-01-26📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-01-26📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-03-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-08-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2022-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-09-03🔒Charge registered #3Lender: Andrew Iain Simpson Residing at 14 Craigrory, North Kessock, IV1 3XH
- 2021-08-27📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-27📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-27📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-08-16➖SIMPSON, Andrew Iain resigneddirector
- 2021-06-17🔓Charge satisfied #2
- 2021-06-17🔓Charge satisfied #1
- 2014-01-27🔒Charge registered #2Lender: James Morrison
- 2014-01-27🔒Charge registered #1Lender: Catherine Manson
- 2013-08-09🏢Company incorporatedAs IAN ELLIOT LIMITED
- 2013-08-09➕SIMPSON, Gordon Elliot appointeddirector
- 2013-08-09➕SIMPSON, Andrew Iain appointeddirector
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
G. Simpson (Builders) Limited holds 25-50% — a significant corporate investor but not a controlling parent.
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
G. Simpson (Builders) Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 16/08/2021 |
Mr Gordon Elliot Simpson Individual · Scottish · DOB 08/1975 · age 51 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr Andrew Iain Simpsonceased 16/08/2021· 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.
See pricing →Similar companies
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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 →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 (1 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Andrew Iain Simpson Residing at 14 Craigrory, North Kessock, IV1 3XH | A registered charge | 1 property | 03/09/2021 | 26/05/2025 | |
| satisfied | James Morrison | A registered charge | 1 property | 27/01/2014 | 17/06/2021 | |
| satisfied | Catherine Manson | A registered charge | 1 property | 27/01/2014 | 17/06/2021 |