NORDAN UK LTD

🌳Matureactive

01548333 · ltd · incorporated 1981-03-03

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

80/100

Exceptional

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What this business does

Primary activity: Non-specialised wholesale trade

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (65/100).

🏦

Refinance opportunity

6 live charges · 3 lenders · oldest 38.4y

35/100

too messy

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

· Oldest live charge is 38.4 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 40/100 — 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, 1 SIC codes, incorporation date

100

Financials

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

Lenders & charges

6 charges (6/6 with lender, 6/6 with type)

Directors & officers

37 officers (8 active, 37 linked, 31 with DOB)

Ownership & PSC

4 active PSC(s) of 8 total, 8 with control declared

Director network

6 connected companies via shared directors

Filing history

191 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

80/100Exceptional

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.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Average employees	16700	0

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

🔒Filing-note intelligence

4 signals 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

• 2 officers
• 1 confirmation-statement

Last 180 days

filings

• 3 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (88 events)Click to expand

2026-03-25
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-03-25
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-01-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-01
➕
ROWLEY, James Richard appointed
director
2025-09-19
📄
accounts-with-accounts-type-group
accounts · AA
2024-12-12
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-12-05
🔒
Charge registered #6
Lender: Danske Bank a/S
2024-09-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-07-02
📄
accounts-with-accounts-type-group
accounts · AA
2024-03-27
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-03-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-01-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-01-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-12-31
➖
BROWN, Alexander Macdonald resigned
director
2023-07-28
📄
accounts-with-accounts-type-group
accounts · AA
2023-01-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-01-01
➕
KROSLID, Dag appointed
director
2023-01-01
➖
RASMUSSEN, Tore resigned
director
2022-08-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-19
➖
SINCLAIR, Calum resigned
director
2022-08-18
➖
MASSIE, Barbara resigned
director
2022-07-22
📄
accounts-with-accounts-type-group
accounts · AA
2021-05-26
📄
accounts-with-accounts-type-full
accounts · AA
2021-03-05
➖
MCELHINNEY, Daniel Joseph resigned
director
2021-03-05
➖
MCGHEE, Joanne Muir resigned
director
2020-12-31
➖
MITCHELL, Gordon resigned
director
2020-01-01
➕
MASSIE, Barbara appointed
director
2020-01-01
➕
SINCLAIR, Calum appointed
director
2019-08-01
➕
MURRAY, William appointed
director
2019-03-01
➖
MURRAY, William resigned
director
2018-04-15
➕
SAPSED, Colin appointed
secretary
2018-04-15
➕
GREENWOOD, Craig appointed
director
2018-04-15
➕
HULSE, Phillip Henry appointed
director
2018-04-15
➖
IRVINE, Gillian resigned
secretary
2018-04-15
➕
MCGHEE, Joanne Muir appointed
director
2016-05-31
➖
DETAIN, Paul Michael resigned
director
2016-04-06
🔒
Charge registered #5
Lender: Danske Bank a/S
2016-01-31
➖
PRITCHARD, Jason Edward resigned
director
2015-01-01
➕
IRVINE, Gillian appointed
secretary
2015-01-01
➖
LC SECRETARIES LIMITED resigned
corporate-secretary
2014-11-01
➕
MCELHINNEY, Daniel Joseph appointed
director
2014-03-31
➕
MURRAY, William appointed
director
2012-12-31
➖
BIRNIE, Sydney James resigned
director
2012-06-30
➖
MCNIVEN, Sandra Margaret resigned
director
2012-05-14
➕
PRITCHARD, Jason Edward appointed
director
2012-03-23
🔒
Charge registered #4
Lender: Danske Bank a/S

Showing most recent 50 of 88 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

63/100

Strong succession signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 16 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

2 corporate shareholders identified. Group structure is distributed.

🏛️

Nordan Gruppen As

Corporate parent · holds 75-100% shares

ultimate parent

🏛️

Nordan As Ltd

Corporate parent · holds 75-100% shares

ultimate parent

⬇

NORDAN UK LTD

This company · 01548333

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

4 active beneficial owners · dominant holder ≥75% · fragmented

Name	Shares	Voting rights	Nature of control	Notified
Nordan Gruppen As Corporate entity	75–100%	—	75-100% shares	01/01/2021
Nordan As Ltd Corporate entity	75–100%	—	75-100% shares	06/04/2016
Mrs Gillian Irvine Individual · British · DOB 02/1971 · age 55	—	—	sig. influencesignificant influence	01/01/2024
Mr Craig Greenwood Individual · English · DOB 04/1975 · age 51	—	—	sig. influencesignificant influence	01/01/2024

4 historic (ceased) PSCs

Mr Alexander Macdonald Brownceased 31/12/2023· significant influence
Mrs Gillian Irvineceased 31/12/2023· significant influence
Mr William Murrayceased 01/03/2019· significant influence
Mr Daniel Joseph Mcelhinneyceased 15/04/2018· significant influence

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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8 WITHIN LTD→ 14816756 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
98 LAND & HOUSE COMPANY LIMITED→ 10585482 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
A42C LTD→ 16627000 · est 2025 · no financials extracted	—	—	—	—	—	—	—
AAA ATHLEISURE LTD→ 15543114 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ABOUT THE BOX LIMITED→ 09981131 · est 2016 · no financials extracted	—	—	—	—	10y	—	—
ACCESS TOWER SOLUTIONS LTD→ 15386103 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ACE INTERNATIONAL TRADE LIMITED→ 14305701 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ACHIEVEWISE LTD→ 15330021 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ACME PORTABLE COMPUTER UK LIMITED→ 16936064 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ACORN PHARMACEUTICALS LIMITED→ 10048554 · est 2016 · no financials extracted	—	—	—	—	10y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Incorporated1981-03-03

Jurisdictionengland-wales

Primary SIC46900 — Non-specialised wholesale trade

Registered office

27 Old Gloucester Street

London

WC1N 3AX

England

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-12

Last: 2026-02-26