THE NINE BRITISH ART LIMITED
Opportunity 73/100 (strong), bankability 67/100. Strong seller-intent signal (78/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
4 live charges · 4 lenders · oldest 46.3y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 46.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover 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 | £-102.0k | £9.1k |
| Current assets | £667.3k | £702.8k |
| Cash | £7.4k | £9.0k |
| Debtors | £25.6k | £74.5k |
| Net assets | £-104.1k | £-2.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 accounts
- • 1 accounts
- • 1 confirmation-statement
Corporate timeline (24 events)Click to expand
- 2026-06-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-28📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-07-28🔓Charge satisfied #4
- 2025-07-03📄capital-allotment-sharescapital · SH01
- 2025-04-03📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2025-03-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-12-19✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-12-19✏️change-of-name-noticechange-of-name · CONNOT
- 2024-04-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-03-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-02-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-02-22🔒Charge registered #4Lender: Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR
- 2003-11-27🔓Charge satisfied #2
- 2003-11-27🔓Charge satisfied #1
- 2002-07-25🔒Charge registered #3Lender: Adam & Company PLC
- 1989-05-09🔒Charge registered #2Lender: Lloyds Bank PLC
- 1980-04-01🔒Charge registered #1Lender: National Westminster Bank LTD
- 1977-01-13🏢Company incorporatedAs THE NINE BRITISH ART LIMITED
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 50 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 med · 1 lowMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2024-12-19: certificate-change-of-name-company; 2024-12-19: change-of-name-notice
Multiple address changes in a short period can indicate operational instability or admin disorder.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Stephen Marcel Paisnel Individual · British · DOB 03/1951 · age 75 | 25–50% | — | 25-50% shares | 06/04/2016 |
Mrs Sylvia May Paisnel Individual · British · DOB 05/1951 · age 75 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (3 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Hampden & Co , 9 Charlotte Square, Edinburgh, EH2 4DR Hampden & Co PLC, 9 Charlotte Square, Edinburgh, EH2 4DR | A registered charge | 1 property | 22/02/2016 | 28/07/2025 | |
| outstanding | Adam & Company Adam & Company PLC | Debenture | 1 property | 25/07/2002 | — | |
| satisfied | Lloyds Banking Group Lloyds Bank PLC | Single debenture | 1 property | 09/05/1989 | 27/11/2003 | |
| satisfied | National Westminster Bank National Westminster Bank LTD | Legal mortgage | 1 property | 01/04/1980 | 27/11/2003 |