GRANITE ELITE LTD

🏛️Establishedactive
SC647515 · ltd · incorporated 2019-11-19
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Private security activities
Sector: Administrative & support services
ALSO REGISTERED FOR
  • 81100SIC 81100
Investor take
Pursue
Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 67/100. Strong seller-intent signal (60/100, director aged 71). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 4.3y

25/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Charge age ~4.3 years — mid-life; refi window approaching.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

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

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 7 with DOB)
90
Ownership & PSC
2 active PSC(s) of 7 total, 7 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
52 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
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
—
-£75k-£23k£28k£79k£131k£182kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets—£-53.6k
Current assets—£181.9k
Cash—£10.3k
Debtors—£170.6k
Net assets—£-74.6k

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
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-01-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-08-22
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-08-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-08-11
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  8. 2025-08-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-08-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2025-08-01
    ➖
    DAVIS, Stewart Christopher resigned
    director
  11. 2025-07-01
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2025-04-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-04-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2025-04-07
    🔓
    Charge satisfied #1
  15. 2025-04-03
    🔒
    Charge registered #3
    Lender: Keen Thinking Limited
  16. 2025-03-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2025-03-05
    ➖
    MCLEAN, Gavin Alexander resigned
    director
  18. 2025-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  19. 2025-01-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2025-01-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  21. 2025-01-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2025-01-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2025-01-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2025-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2025-01-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  26. 2025-01-01
    ➕
    ALLAN, Donna Louise appointed
    director
  27. 2025-01-01
    ➖
    ALLAN, Donna Louise resigned
    director
  28. 2025-01-01
    ➕
    DAVIS, Stewart Christopher appointed
    director
  29. 2025-01-01
    ➕
    MCLEAN, Gavin Alexander appointed
    director
  30. 2024-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2024-05-28
    🔒
    Charge registered #2
    Lender: Nucleus Cash Flow FINANCE2 Limited
  32. 2022-08-10
    ➕
    FRASER, John appointed
    director
  33. 2022-08-10
    ➖
    ALLDRITT, Malcolm resigned
    director
  34. 2022-02-07
    🔒
    Charge registered #1
    Lender: Bibby Factors Scotland Limited
  35. 2020-07-16
    ➖
    MCLEAN, Gavin Alexander resigned
    director
  36. 2020-03-01
    ➕
    ALLDRITT, Malcolm appointed
    director
  37. 2019-11-19
    🏢
    Company incorporated
    As GRANITE ELITE LTD
  38. 2019-11-19
    ➕
    FRASER, Craig John appointed
    director
  39. 2019-11-19
    ➕
    MCLEAN, Gavin Alexander appointed
    director

Owner dependency

81/100
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 age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Craig John Fraser
Individual · British · DOB 06/1984 · age 42
25–50%
25–50%25-50% shares · 25-50% voting01/01/2025
Mr John Fraser
Individual · British · DOB 12/1955 · age 71
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/01/2025
5 historic (ceased) PSCs
  • Norsk Granite International Group Ltdceased 01/01/2025· 75-100% shares · 75-100% voting · board control · significant influence · firm interest
  • Mr John Fraserceased 01/01/2025· 25-50% shares
  • Mr Malcolm Alldrittceased 10/08/2022· 25-50% shares · 25-50% voting
  • Mr Craig John Fraserceased 01/01/2025· 25-50% shares · 25-50% voting
  • Mr Gavin Alexander Mcleanceased 16/07/2020· 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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——820021y8462y
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ASHLEY PROPERTIES ABERDEEN LIMITED→
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BUILDTALL LIMITED→
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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
Incorporated2019-11-19
Jurisdictionscotland
Primary SIC80100 — Private security activities

Registered office

2 Union Terrace
Aberdeen
AB10 1NJ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-17
Last: 2026-01-03

Officers (2 active · 5 resigned)

FRASER, Craig John→
director · ~42y · appointed 2019-11-19
View their other companies + combined net worth →
Active
FRASER, John→
director · ~71y · appointed 2022-08-10
View their other companies + combined net worth →
Active
ALLAN, Donna Louise→
director · ~49y · appointed 2025-01-01 · resigned 2025-01-01
Resigned
ALLDRITT, Malcolm→
director · ~69y · appointed 2020-03-01 · resigned 2022-08-10
Resigned
DAVIS, Stewart Christopher→
director · ~63y · appointed 2025-01-01 · resigned 2025-08-01
Resigned
MCLEAN, Gavin Alexander→
director · ~39y · appointed 2025-01-01 · resigned 2025-03-05
Resigned
MCLEAN, Gavin Alexander→
director · ~39y · appointed 2019-11-19 · resigned 2020-07-16
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
2
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Keen Thinking
Keen Thinking Limited
A registered charge—03/04/2025—
outstanding
Nucleus Cash Flow FINANCE2
Nucleus Cash Flow FINANCE2 Limited
A registered charge—28/05/2024—
satisfied
Bibby Financial Services
Bibby Factors Scotland Limited
A registered charge—07/02/202207/04/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (52 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-14
change-person-director-company-with-change-date
officers · CH01
2026-01-14
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-22
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-08-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-12
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-08-11
termination-director-company-with-name-termination-date
officers · TM01
2025-08-08
termination-director-company-with-name-termination-date
officers · TM01
2025-08-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-04-07
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-07
termination-director-company-with-name-termination-date
officers · TM01
2025-03-11
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-01-15