CARMICHAEL AND BAXTER INDUSTRIAL SERVICES LIMITED

🌳Matureactive
SC477533 · ltd · incorporated 2014-05-13
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 10.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other cleaning services
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

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

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.1y

70/100
ready

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

  • · Oldest live charge is 10.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
40 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
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£0Aug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-08-312024-08-31
Average employees26002300

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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-03-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-09-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-09-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-05-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-05-27
    🔓
    Charge satisfied #1
  8. 2025-04-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2025-04-10
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  10. 2024-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2022-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-05-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-05-15
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2018-04-18
    📄
    capital-name-of-class-of-shares
    capital · SH08
  19. 2016-11-28
    ➕
    CAMERON, Neil James appointed
    director
  20. 2016-04-22
    🔒
    Charge registered #1
    Lender: Santander UK PLC
  21. 2016-04-18
    ➕
    CARMICHAEL, Peter appointed
    secretary
  22. 2014-05-13
    🏢
    Company incorporated
    As CARMICHAEL AND BAXTER INDUSTRIAL SERVICES LIMITED
  23. 2014-05-13
    ➕
    BAXTER, Alan Thomas appointed
    director
  24. 2014-05-13
    ➕
    CARMICHAEL, Peter appointed
    director

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Founder name in company name: Company name contains director surname "BAXTER" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

53/100
Moderate signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • 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

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Neil James Cameron
Individual · British · DOB 08/1976 · age 50
25–50%
25–50%25-50% shares · 25-50% voting11/04/2018
Mr Peter Carmichael
Individual · British · DOB 09/1978 · age 48
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Alan Thomas Baxter
Individual · British · DOB 11/1967 · age 59
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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.

See pricing →

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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
Incorporated2014-05-13
Jurisdictionscotland
Primary SIC81299 — Other cleaning services

Registered office

6 Eden Valley Business Park
Cupar
Fife
KY15 4RB
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-06-09
Last: 2025-05-26

Officers (4 active · 0 resigned)

CARMICHAEL, Peter→
secretary · appointed 2016-04-18
View their other companies + combined net worth →
Active
BAXTER, Alan Thomas→
director · ~59y · appointed 2014-05-13
View their other companies + combined net worth →
Active
CAMERON, Neil James→
director · ~50y · appointed 2016-11-28
View their other companies + combined net worth →
Active
CARMICHAEL, Peter→
director · ~48y · appointed 2014-05-13
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—10/04/2025—
satisfied
Santander
Santander UK PLC
A registered charge—22/04/201627/05/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (40 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-26