SRC PRODUCTS LTD

🌳Matureactive
SC495680 · ltd · incorporated 2015-01-22
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
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 22190
Sector: Manufacturing
ALSO REGISTERED FOR
  • 74909Other professional, scientific and technical activities n.e.c.
Investor take
Pursue
Active trading company with a 76-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 76). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

Data confidence

Overall: medium (59/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
38 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.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-07-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-12-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-08-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-11-18
    📄
    accounts-with-accounts-type-small
    accounts · AA
  10. 2020-01-28
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2018-12-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2018-03-27
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2018-03-21
    ➕
    VAN BERGEN, Barry Patrick appointed
    director
  14. 2018-03-15
    ➖
    FINDLAY, William resigned
    director
  15. 2018-03-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2017-10-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  17. 2017-10-10
    📄
    second-filing-of-director-termination-with-name
    document-replacement · RP04TM01
  18. 2017-09-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2017-03-23
    ➖
    MCINTYRE, Donald Charles resigned
    director
  20. 2015-07-01
    ➕
    MCINTYRE, Donald Charles appointed
    director
  21. 2015-01-22
    🏢
    Company incorporated
    As SRC PRODUCTS LTD
  22. 2015-01-22
    ➕
    GILLIES, Malcolm John appointed
    director
  23. 2015-01-22
    ➕
    FINDLAY, William 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 76 — succession pressure is live.

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 76 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.)

Group structure

Recyclatech Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Recyclatech Group Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SRC PRODUCTS LTD
This company · SC495680

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Recyclatech Group Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2015-01-22
Jurisdictionscotland
Primary SIC22190 — SIC 22190

Registered office

C/O Shepherd And Wedderburn
Third Floor, 1 West Regent Street
Glasgow
G2 1RW
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-08
Last: 2026-02-22

Officers (2 active · 2 resigned)

GILLIES, Malcolm John→
director · ~76y · appointed 2015-01-22
View their other companies + combined net worth →
Active
VAN BERGEN, Barry Patrick→
director · ~50y · appointed 2018-03-21
View their other companies + combined net worth →
Active
FINDLAY, William→
director · ~74y · appointed 2015-01-22 · resigned 2018-03-15
Resigned
MCINTYRE, Donald Charles→
director · ~67y · appointed 2015-07-01 · resigned 2017-03-23
Resigned

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

Recent filings (38 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
change-person-director-company-with-change-date
officers · CH01
2023-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-05
accounts-with-accounts-type-small
accounts · AA
2020-11-18