COURTNEY & NELSON LIMITED

🌳Matureactive
NI046240 · ltd · incorporated 2003-04-16
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 10.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
£22.27M
year to Jan 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 46170
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (85/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 10.2y

80/100
ready

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

  • · Oldest live charge is 10.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 23/100 — clean.
  • · Profitable and stable/growing — lender coverage supportable.

Data confidence

Overall: medium (74/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (1 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,949,972

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-31
Turnover£22.27M
Gross profit£3.91M
Operating profit£1.77M
Profit before tax£1.95M
Average employees3200

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
  • • 2 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-12-10
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-10-29
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2025-07-23
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  4. 2025-04-08
    📄
    capital-cancellation-shares
    capital · SH06
  5. 2025-04-08
    📄
    capital-return-purchase-own-shares
    capital · SH03
  6. 2025-04-08
    📄
    capital-return-purchase-own-shares
    capital · SH03
  7. 2025-03-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2025-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-02-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2025-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-02-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-02-12
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2025-02-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2025-02-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2025-02-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2025-02-10
    ➕
    ALLEN, Paul Martin appointed
    director
  17. 2025-02-10
    ➖
    MC WILLIAMS, Pamela resigned
    secretary
  18. 2025-02-10
    ➖
    MC WILLIAMS, David resigned
    director
  19. 2025-02-10
    ➖
    MC WILLIAMS, Pamela resigned
    director
  20. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  21. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  22. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  23. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  24. 2025-02-10
    📄
    capital-cancellation-shares
    capital · SH06
  25. 2025-02-10
    📄
    capital-return-purchase-own-shares
    capital · SH03
  26. 2025-02-10
    📄
    capital-return-purchase-own-shares
    capital · SH03
  27. 2025-02-10
    📄
    capital-return-purchase-own-shares
    capital · SH03
  28. 2025-02-10
    🔒
    Charge registered #2
    Lender: Upstream Working Capital LTD
  29. 2016-03-31
    🔒
    Charge registered #1
    Lender: Ulster Bank Limited
  30. 2003-06-27
    ➕
    MC WILLIAMS, David appointed
    director
  31. 2003-06-27
    ➕
    MC WILLIAMS, Pamela appointed
    director
  32. 2003-06-27
    ➖
    CS DIRECTOR SERVICES LIMITED resigned
    corporate-director
  33. 2003-04-16
    🏢
    Company incorporated
    As COURTNEY & NELSON LIMITED
  34. 2003-04-16
    ➕
    MC WILLIAMS, Pamela appointed
    secretary
  35. 2003-04-16
    ➕
    CS DIRECTOR SERVICES LIMITED appointed
    corporate-director

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

55/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Verona Advisory Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Verona Advisory Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
COURTNEY & NELSON LIMITED
This company · NI046240

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Verona Advisory Limited
Corporate entity
75–100%
75–100%board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest10/02/2025
2 historic (ceased) PSCs
  • Mrs Pamela Mcwilliamsceased 10/02/2025· 25-50% shares
  • Mr David Mcwilliamsceased 10/02/2025· 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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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
Incorporated2003-04-16
Jurisdictionnorthern-ireland
Primary SIC46170 — SIC 46170

Registered office

73 Boucher Crescent
Belfast
BT12 6HU
Northern Ireland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-12-19
Last: 2025-12-05

Officers (1 active · 4 resigned)

ALLEN, Paul Martin→
director · ~58y · appointed 2025-02-10
View their other companies + combined net worth →
Active
MC WILLIAMS, Pamela→
secretary · appointed 2003-04-16 · resigned 2025-02-10
Resigned
MC WILLIAMS, David→
director · ~77y · appointed 2003-06-27 · resigned 2025-02-10
Resigned
MC WILLIAMS, Pamela→
director · ~74y · appointed 2003-06-27 · resigned 2025-02-10
Resigned
CS DIRECTOR SERVICES LIMITED→
corporate-director · appointed 2003-04-16 · resigned 2003-06-27
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
2
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Upstream Working Capital
Upstream Working Capital LTD
A registered charge—10/02/2025—
outstanding
NatWest Group
Ulster Bank Limited
A registered charge—31/03/2016—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-31
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-30
change-account-reference-date-company-current-extended
accounts · AA01
2025-12-10
accounts-with-accounts-type-full
accounts · AA
2025-10-29
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-23
capital-cancellation-shares
capital · SH06
2025-04-08
capital-return-purchase-own-shares
capital · SH03
2025-04-08
capital-return-purchase-own-shares
capital · SH03
2025-04-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-03-27
appoint-person-director-company-with-name-date
officers · AP01
2025-02-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-12
termination-director-company-with-name-termination-date
officers · TM01
2025-02-12
termination-director-company-with-name-termination-date
officers · TM01
2025-02-12
termination-secretary-company-with-name-termination-date
officers · TM02
2025-02-12
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-12