STEWARTS PIPING LIMITED

🌳Matureactive

SC477371 · ltd · incorporated 2014-05-12

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 Mar 2024

Net worth

£35.2k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Other engineering activities

Sector: Professional, scientific & technical

Investor take

Pursue

Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (72/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

Confirmed no charges registered

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

1 connected companies via shared directors

Filing history

31 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £35,190

Key financials

1 year extracted from filed iXBRL accounts

Cash

£78k

Net Worth

£35k

Current Assets

£85k

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-03-31
Total assets	£35.2k
Current assets	£84.5k
Cash	£77.9k
Debtors	£6.6k
Net assets	£35.2k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (19 events)Click to expand

2025-11-26
📄
change-account-reference-date-company-previous-extended
accounts · AA01
2024-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-31
📄
change-person-director-company-with-change-date
officers · CH01
2021-03-31
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-31
📄
change-person-director-company-with-change-date
officers · CH01
2021-03-31
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-03-31
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-05-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-05-14
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-10-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-05-12
🏢
Company incorporated
As STEWARTS PIPING LIMITED
2014-05-12
➕
STEWART, Elaine appointed
director
2014-05-12
➕
STEWART, Iain Mckay appointed
director

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 "STEWART" — strong identity link between founder and business.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

71/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Iain Mckay Stewart Individual · British · DOB 05/1956 · age 70	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	06/04/2016
Elaine Stewart Individual · British · DOB 05/1956 · age 70	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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.

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Company details

Statusactive

Typeltd

Incorporated2014-05-12

Jurisdictionscotland

Primary SIC71129 — Other engineering activities

Registered office

47 Victoria Street

Dunfermline

Fife

KY12 0LP

Scotland

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-03-31

Confirmation statement

Next due: 2026-05-26

Last: 2025-05-12

Officers (2 active · 0 resigned)

STEWART, Elaine→

director · ~70y · appointed 2014-05-12

View their other companies + combined net worth →

Active

STEWART, Iain Mckay→

director · ~70y · appointed 2014-05-12

View their other companies + combined net worth →

Active

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