VETSWAP LTD

🌳Matureactive
SC474911 · ltd · incorporated 2014-04-09
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
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Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Temporary employment agency activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company 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: 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.

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
25 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.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (18 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2023-12-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-01-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2021-12-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2021-04-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2020-01-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2019-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2018-01-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2017-01-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2016-04-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2016-04-18
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-01-12
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2015-04-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2014-04-09
    🏢
    Company incorporated
    As VETSWAP LTD
  16. 2014-04-09
    MCKEE, Euan Graham appointed
    director
  17. 2014-04-09
    RAMSDEN, Luke Ian, Dr appointed
    director
  18. 2014-04-09
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

49/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 12 years.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Euan Graham Mckee
Individual · British · DOB 07/1987 · age 39
2550%
25-50% shares01/04/2017

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
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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.

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Company details

Statusactive
Typeltd
Incorporated2014-04-09
Jurisdictionscotland
Primary SIC78200 — Temporary employment agency activities

Registered office

11 Kilmaron Loan
Dundee
DD5 3TD

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-23
Last: 2026-04-09

Officers (2 active · 0 resigned)

MCKEE, Euan Graham
director · ~39y · appointed 2014-04-09
View their other companies + combined net worth →
Active
RAMSDEN, Luke Ian, Dr
director · ~41y · appointed 2014-04-09
View their other companies + combined net worth →
Active

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

Recent filings (25 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-17
accounts-with-accounts-type-dormant
accounts · AA
2026-01-29
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-10
accounts-with-accounts-type-dormant
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-dormant
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-10
accounts-with-accounts-type-dormant
accounts · AA
2023-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-10
accounts-with-accounts-type-dormant
accounts · AA
2021-12-29
accounts-with-accounts-type-dormant
accounts · AA
2021-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-10
accounts-with-accounts-type-dormant
accounts · AA
2020-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-04-22