ANTIBODY ANALYTICS LIMITED

🌳Matureactive
SC520998 · ltd · incorporated 2015-11-24
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window closing · medium confidence
Getting harder to buy cheaply — 1 signals strengthening over the last 30 days.
  • · Refinance opportunity: clean_up_first → ready
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 6.9y old — refinance window within 12 months
What changed my view
Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

  • Refinance opportunity: clean_up_firstready
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
Upgrade to see
Turnover
year to Dec 2025
Net worth
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Other professional, scientific and technical activities n.e.c.
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 65/100. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 6.9y

80/100
ready

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

  • · Oldest live charge is 6.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: high (85/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
50
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £577,371
Turned profitable
Returned to profit this year

Key financials

3 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£1.4m£2.9m£4.3m£5.8m£7.2mDec 2023Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-312023-12-31
Profit before tax£577.4k£-696.5k
Total assets£8.61M
Current assets£7.24M
Cash£6.27M
Debtors£846.5k
Net assets£1.19M
Average employees10810100

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 (38 events)Click to expand
  1. 2026-05-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2025-09-08
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-09-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2024-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2024-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2024-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2024-09-26
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-09-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2024-05-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2024-05-03
    MCDONALD, Alan Thomas appointed
    director
  11. 2023-12-20
    📄
    resolution
    resolution · RESOLUTIONS
  12. 2023-11-27
    📄
    capital-cancellation-shares
    capital · SH06
  13. 2023-11-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  14. 2023-11-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  15. 2023-11-09
    📄
    memorandum-articles
    incorporation · MA
  16. 2023-11-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  17. 2023-11-08
    📄
    capital-allotment-shares
    capital · SH01
  18. 2023-11-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  19. 2023-11-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  20. 2023-11-03
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2023-11-03
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2023-09-04
    📄
    mortgage-satisfy-charge-part
    mortgage · MR04
  23. 2023-08-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-09-06
    🔒
    Charge registered #4
    Lender: Scottish Enterprise
  25. 2022-09-02
    🔒
    Charge registered #3
    Lender: Scottish Enterprise
  26. 2020-08-11
    🔒
    Charge registered #2
    Lender: Barclays Security Trustee Limited
  27. 2019-08-07
    🔒
    Charge registered #1
    Lender: Scottish Enterprise
  28. 2019-05-08
    BARON, Andrew Wiliam, Dr resigned
    director
  29. 2016-01-11
    UPSALL, Andrew Richard appointed
    director
  30. 2016-01-11
    BARON, Andrew Wiliam, Dr appointed
    director
  31. 2015-11-24
    🏢
    Company incorporated
    As ANTIBODY ANALYTICS LIMITED
  32. 2015-11-24
    DOWNIE, Michahaila Julia appointed
    director
  33. 2015-11-24
    COSEC LIMITED appointed
    corporate-secretary
  34. 2015-11-24
    COSEC LIMITED resigned
    corporate-secretary
  35. 2015-11-24
    MCMEEKIN, James Stuart appointed
    director
  36. 2015-11-24
    MCMEEKIN, James Stuart resigned
    director
  37. 2015-11-24
    COSEC LIMITED appointed
    corporate-director
  38. 2015-11-24
    COSEC LIMITED resigned
    corporate-director

Owner dependency

50/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

Succession & seller-readiness

35/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • 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

Project Steel Acquireco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Project Steel Acquireco Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
ANTIBODY ANALYTICS LIMITED
This company · SC520998

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
Project Steel Acquireco Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control12/10/2023
2 historic (ceased) PSCs
  • Miss Michahaila Julia Downieceased 12/10/2023· 25-50% shares · 25-50% voting
  • Mr Andrew Richard Upsallceased 12/10/2023· 25-50% shares · 25-50% voting

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
Incorporated2015-11-24
Jurisdictionscotland
Primary SIC74909 — Other professional, scientific and technical activities n.e.c.

Registered office

Rouken Discovery Centre
Braidhurst Industrial Estate
Motherwell
North Lanarkshire
ML1 3ST
Scotland

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26

Officers (3 active · 4 resigned)

DOWNIE, Michahaila Julia
director · ~48y · appointed 2015-11-24
View their other companies + combined net worth →
Active
MCDONALD, Alan Thomas
director · ~46y · appointed 2024-05-03
View their other companies + combined net worth →
Active
UPSALL, Andrew Richard
director · ~47y · appointed 2016-01-11
View their other companies + combined net worth →
Active
COSEC LIMITED
corporate-secretary · appointed 2015-11-24 · resigned 2015-11-24
Resigned
BARON, Andrew Wiliam, Dr
director · ~43y · appointed 2016-01-11 · resigned 2019-05-08
Resigned
MCMEEKIN, James Stuart
director · ~59y · appointed 2015-11-24 · resigned 2015-11-24
Resigned
COSEC LIMITED
corporate-director · appointed 2015-11-24 · resigned 2015-11-24
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
part-satisfied
Scottish Enterprise
A registered charge1 property06/09/2022
outstanding
Scottish Enterprise
A registered charge02/09/2022
outstanding
Barclays
Barclays Security Trustee Limited
A registered charge11/08/2020
outstanding
Scottish Enterprise
A registered charge07/08/2019
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-full
accounts · AA
2026-05-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-03
accounts-with-accounts-type-full
accounts · AA
2025-09-08
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-04
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2024-09-26
change-person-director-company-with-change-date
officers · CH01
2024-09-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-09-26
change-person-director-company-with-change-date
officers · CH01
2024-09-26
change-person-director-company-with-change-date
officers · CH01
2024-09-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-23
appoint-person-director-company-with-name-date
officers · AP01
2024-05-16
resolution
resolution · RESOLUTIONS
2023-12-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-04
capital-cancellation-shares
capital · SH06
2023-11-27
capital-return-purchase-own-shares
capital · SH03
2023-11-27