URSINIC LIMITED

🌿Early-stageactive
SC731136 · ltd · incorporated 2022-05-03
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Nov 2024
Net worth
book net assets
Opportunity
67/100
Strong
🔔
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What this business does
Primary activity: SIC 32300
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46690Wholesale of other machinery and equipment
  • 47640SIC 47640
Investor take
Pass (distressed without resilience)
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 67/100 (strong), bankability 60/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: high (82/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
10 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
50
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£20£40£60£80£100Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Total assets£100
Current assets£100
Net assets£100

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
1
filing
  • 1 gazette
Last 90 days
1
filing
  • 1 gazette
Last 180 days
1
filing
  • 1 gazette
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2026-04-14
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  2. 2025-01-01
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-03-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2024-01-08
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  5. 2024-01-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-10-24
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2022-05-03
    🏢
    Company incorporated
    As URSINIC LIMITED
  8. 2022-05-03
    CUNNINGHAM, John appointed
    director
  9. 2022-05-03
    STEWART, Johnston John, Dr appointed
    director
  10. 2022-05-03
    STEWART, Johnston appointed
    director
  11. 2022-05-03
    📄
    incorporation-company
    incorporation · NEWINC

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 age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

20/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — STEWART, Johnston John, Dr (same surname) appointed 2022-05-03. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-01-15

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Dr Johnston John Stewart
Individual · British · DOB 04/1976 · age 50
75100%
75–100%board control75-100% shares · 75-100% voting · board control03/05/2022

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

9 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.

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Company details

Statusactive
Typeltd
Incorporated2022-05-03
Jurisdictionscotland
Primary SIC32300 — SIC 32300

Registered office

2 Orchard Grove
Kilmacolm
PA13 4HQ
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-01-15OVERDUE
Last: 2025-01-01

Officers (3 active · 0 resigned)

CUNNINGHAM, John
director · ~67y · appointed 2022-05-03
View their other companies + combined net worth →
Active
STEWART, Johnston John, Dr
director · ~50y · appointed 2022-05-03
View their other companies + combined net worth →
Active
STEWART, Johnston
director · ~76y · appointed 2022-05-03
View their other companies + combined net worth →
Active

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

Recent filings (10 total)

gazette-notice-compulsory
gazette · GAZ1
2026-04-14
accounts-with-accounts-type-dormant
accounts · AA
2025-01-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-01
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-05
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-08
accounts-with-accounts-type-dormant
accounts · AA
2024-01-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-12
certificate-change-of-name-company
change-of-name · CERTNM
2022-10-24
incorporation-company
incorporation · NEWINC
2022-05-03