THERMOELECTRIC CONVERSION SYSTEMS LIMITED
🌳Matureactive
SC478062 · ltd · incorporated 2014-05-21
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 May 2025
Net worth
£130.4k
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Engineering related scientific and technical consulting activities
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 79/100 (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 (65/100).
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
no address, 1 SIC codes, incorporation date
75
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
75 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £130,354
Net assets shrinking
Down £31,694 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£130k
↓ 20% YoY
Current Assets
£167k
↓ 12% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £132.9k | £174.5k |
| Current assets | £167.1k | £190.5k |
| Net assets | £130.4k | £162.0k |
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
0
filings
Last 90 days
0
filings
Last 180 days
3
filings
- • 2 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
- 2025-11-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-09-22📄capital-allotment-sharescapital · SH01
- 2024-12-18📄capital-allotment-sharescapital · SH01
- 2024-09-20📄capital-allotment-sharescapital · SH01
- 2024-09-19📄capital-allotment-sharescapital · SH01
- 2024-09-13📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-09-13📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-09-13📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2024-09-12📄capital-allotment-sharescapital · SH01
- 2024-09-12📄capital-allotment-sharescapital · SH01
- 2024-07-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-10-23📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-10-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-12📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-05-09📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-09-06➕KNOX, Andrew Ramsay, Professor appointeddirector
- 2020-11-03➕KNOX, Elaine appointeddirector
- 2020-11-03➖KNOX, Andrew Ramsay, Professor resigneddirector
- 2019-06-17➖BEAUMONT, Steven Peter, Professor resigneddirector
- 2019-03-07➕KNOX, Andrew Ramsay, Professor appointeddirector
- 2016-07-27➕SIVITER, Jonathan Peter, Dr appointeddirector
- 2016-07-27➖KNOX, Andrew Ramsay, Professor resigneddirector
- 2015-02-02➖D.W. COMPANY SERVICES LIMITED resignedcorporate-secretary
- 2015-02-02➕BEAUMONT, Steven Peter, Professor appointeddirector
- 2015-02-02➕KNOX, Andrew Ramsay, Professor appointeddirector
- 2015-02-02➖ROSE, Kenneth Charles resigneddirector
- 2015-02-02➖D.W. COMPANY SERVICES LIMITED resignedcorporate-director
- 2015-02-02➖D.W. DIRECTOR 1 LIMITED resignedcorporate-director
- 2014-05-21🏢Company incorporatedAs THERMOELECTRIC CONVERSION SYSTEMS LIMITED
- 2014-05-21➕D.W. COMPANY SERVICES LIMITED appointedcorporate-secretary
- 2014-05-21➕ROSE, Kenneth Charles appointeddirector
- 2014-05-21➕D.W. COMPANY SERVICES LIMITED appointedcorporate-director
- 2014-05-21➕D.W. DIRECTOR 1 LIMITED appointedcorporate-director
Owner dependency
66/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Professor Andrew Ramsay Knox Individual · British · DOB 07/1962 · age 64 | — | — | sig. influencesignificant influence | 06/05/2018 |
1 historic (ceased) PSC
- Gu Holdings Limitedceased 25/10/2022· significant influence
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 →Similar companies
Active · Professional services| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| 001 LTD→ 04143196 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| 00ZZZERO LTD→ 09251203 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| 0801 SOLUTIONS LIMITED→ 06115973 · est 2007 · no financials extracted | — | — | — | — | 19y | — | — |
| 10 CA LIMITED→ 10468164 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| 10 RECRUITMENT LTD→ 16029963 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 100 DAYS LEADERSHIP GROUP LIMITED→ 15206015 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| 100 GROUP LTD→ 16027947 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| 100 PERCENT ENGINEERING LIMITED→ 12200372 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 100 PNM LTD→ 11707961 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| 1000 MONTHS LIMITED→ 11992030 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| 1000WORDS LIMITED→ 16418130 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| 1009 LIMITED→ 15000060 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated2014-05-21
Jurisdictionscotland
Primary SIC71122 — Engineering related scientific and technical consulting activities
Registered office
Unit 5, Baird Court 10 North Avenue
Clydebank Business Park
Clydebank
West Dumbartonshire
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2027-02-03
Last: 2026-01-20
Officers (3 active · 7 resigned)
KNOX, Andrew Ramsay, Professor→
Activedirector · ~64y · appointed 2021-09-06
View their other companies + combined net worth →
KNOX, Elaine→
Activedirector · ~59y · appointed 2020-11-03
View their other companies + combined net worth →
SIVITER, Jonathan Peter, Dr→
Activedirector · ~39y · appointed 2016-07-27
View their other companies + combined net worth →
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2014-05-21 · resigned 2015-02-02
BEAUMONT, Steven Peter, Professor→
Resigneddirector · ~74y · appointed 2015-02-02 · resigned 2019-06-17
KNOX, Andrew Ramsay, Professor→
Resigneddirector · ~64y · appointed 2019-03-07 · resigned 2020-11-03
KNOX, Andrew Ramsay, Professor→
Resigneddirector · ~64y · appointed 2015-02-02 · resigned 2016-07-27
ROSE, Kenneth Charles→
Resigneddirector · ~63y · appointed 2014-05-21 · resigned 2015-02-02
D.W. COMPANY SERVICES LIMITED→
Resignedcorporate-director · appointed 2014-05-21 · resigned 2015-02-02
D.W. DIRECTOR 1 LIMITED→
Resignedcorporate-director · appointed 2014-05-21 · resigned 2015-02-02
Click a director name to see their full track record across all companies.
Recent filings (75 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-12
capital-allotment-shares
capital · SH01
2025-09-22
capital-allotment-shares
capital · SH01
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-18
capital-allotment-shares
capital · SH01
2024-09-20
capital-allotment-shares
capital · SH01
2024-09-19
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-09-13
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-09-13
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2024-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-13
capital-allotment-shares
capital · SH01
2024-09-12
capital-allotment-shares
capital · SH01
2024-09-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-07-26