ILLINGWORTH MCNAIR LIMITED

🌳Matureactive

01068390 · ltd · incorporated 1972-08-29

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£362.4k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Non-life insurance

Sector: Financial & insurance

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (73/100).

🏦

Refinance opportunity

1 live charge · oldest 6.0y

85/100

ready

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

· Oldest live charge is 6.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

10 officers (6 active, 10 linked, 8 with DOB)

Ownership & PSC

2 active PSC(s) of 4 total, 4 with control declared

Director network

2 connected companies via shared directors

Filing history

120 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £362,396

Net assets shrinking

Down £25,859 YoY

Cash YoY

-5%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£187k

↓ 5.2% YoY

Net Worth

£362k

↓ 6.7% YoY

Current Assets

£430k

↓ 9.7% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£366.3k	£392.5k
Current assets	£430.3k	£476.5k
Cash	£187.3k	£197.5k
Debtors	£243.1k	£279.0k
Net assets	£362.4k	£388.3k

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 persons-with-significant-control
• 1 officers

Counts from Companies House filing history.

Corporate timeline (33 events)Click to expand

2026-01-30
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-19
➖
ILLINGWORTH, Susan Elizabeth resigned
director
2025-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-12
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-01-16
📄
capital-allotment-shares
capital · SH01
2024-11-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-17
📄
change-person-director-company-with-change-date
officers · CH01
2024-01-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-01-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-11
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-11
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-12-01
➕
SANDERSON, Nicol appointed
director
2023-09-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
➕
ILLINGWORTH, Sophie Caroline Alison appointed
secretary
2023-03-29
➕
TONGE, Annabel Kate appointed
director
2023-03-29
➖
ILLINGWORTH, Susan Elizabeth resigned
secretary
2023-03-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-29
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-03-29
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-10-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-07-01
🔒
Charge registered #1
Lender: Barclays Security Trustee Limited
2017-07-31
➖
JENKINS, Alison Margaret resigned
director
2013-08-01
➕
JENKINS, Alison Margaret appointed
director
2012-09-01
➕
KELLY, Alexander Gibson appointed
director
2002-07-01
➖
SPRATT, Thomas Jeffrey resigned
director
2000-10-16
➕
ILLINGWORTH, Jamie Mcnair appointed
director
2000-10-16
➕
SPRATT, Thomas Jeffrey appointed
director
1972-08-29
🏢
Company incorporated
As ILLINGWORTH MCNAIR LIMITED

Owner dependency

88/100

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

-5 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "ILLINGWORTH" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Jamie Mcnair Illingworth Individual · British · DOB 01/1971 · age 55	25–50%	—	25-50% shares	06/04/2023
Ms Annabel Kate Tonge Individual · British · DOB 03/1972 · age 54	25–50%	—	25-50% shares	06/04/2023

2 historic (ceased) PSCs

Mrs Susan Elizabeth Illingworthceased 06/04/2023· 25-50% shares
Mr David John Illingworthceased 06/04/2023· 25-50% shares

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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IGCAP FINANCE LIMITED→ 16166126 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
IM MORTGAGE SOLUTIONS LIMITED→ 16424810 · est 2025 · no financials extracted	—	—	—	—	—	—	—
INCOMMUNITIES TREASURY PLC→ 11678195 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
INFORMATION DESIGNS LIMITED→ 09865488 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
INSURANCE SOLUTIONS UK LTD→ 05817003 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
INSURING MADE SIMPLE LTD→ 10291450 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
INTER CITY MONEY LIMITED→ 04279071 · est 2001 · no financials extracted	—	—	—	—	24y	—	—

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.

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Company details

Statusactive

Typeltd

Incorporated1972-08-29

Jurisdictionengland-wales

Primary SIC65120 — Non-life insurance

Registered office

164 Main Street

Bingley

West Yorkshire

BD16 2HR

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2027-02-22

Last: 2026-02-08