HENDERSON & PATERSON LIMITED

🌳Matureactive
SC028621 · ltd · incorporated 1951-11-27
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 44.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2026
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: Painting
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 75/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 57). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · oldest 44.2y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 44.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — 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
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 7 with DOB)
84
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
121 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
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
—
£0£0£0£0£0£0Mar 2025Mar 2026

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2026-03-312025-03-31
Average employees—200

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

🔒Filing-note intelligence

2 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
0
filings
Last 90 days
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2026-04-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-06-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  3. 2025-06-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-04-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-07-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  6. 2024-07-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-07-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-04-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2023-04-24
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  10. 2022-07-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2022-07-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2022-07-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2022-07-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2022-07-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2022-04-13
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2021-04-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2020-06-29
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2020-05-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2016-04-04
    🔓
    Charge satisfied #3
  20. 2010-11-10
    ➖
    NICOLSON, George resigned
    director
  21. 2008-05-31
    ➕
    NICOLSON, Margaret Patricia appointed
    secretary
  22. 2008-05-31
    ➕
    NICOLSON, Barrie John appointed
    director
  23. 2008-05-31
    ➕
    NICOLSON, Ewan Gordon appointed
    director
  24. 2008-05-31
    ➖
    NIBLOCK, Andrew Robert resigned
    secretary
  25. 2008-05-31
    ➖
    NIBLOCK, Andrew Robert resigned
    director
  26. 2008-05-31
    ➖
    NIBLOCK, Kathryn Susan resigned
    director
  27. 2008-05-31
    ➕
    NICOLSON, George appointed
    director
  28. 2008-05-21
    🔓
    Charge satisfied #2
  29. 2008-05-21
    🔓
    Charge satisfied #1
  30. 2005-08-25
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  31. 2005-06-18
    ➖
    HENDERSON, Ronald resigned
    director
  32. 2004-11-16
    ➖
    HENDERSON, Gillian resigned
    secretary
  33. 2004-11-16
    ➕
    NIBLOCK, Andrew Robert appointed
    secretary
  34. 2004-11-16
    ➖
    HENDERSON, Gillian resigned
    director
  35. 2004-11-16
    ➕
    NIBLOCK, Andrew Robert appointed
    director
  36. 1997-05-14
    ➕
    NIBLOCK, Kathryn Susan appointed
    director
  37. 1996-06-11
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  38. 1995-05-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  39. 1982-03-04
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  40. 1951-11-27
    🏢
    Company incorporated
    As HENDERSON & PATERSON LIMITED

Owner dependency

76/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 74 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • 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

George Nicolson (Decorators) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
George Nicolson (Decorators) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
HENDERSON & PATERSON LIMITED
This company · SC028621

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
George Nicolson (Decorators) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
2 historic (ceased) PSCs
  • Mr Ewan Gordon Nicolsonceased 06/04/2016· 25-50% shares · 25-50% voting
  • Mr Barrie John Nicolsonceased 06/04/2016· 25-50% shares · 25-50% voting

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

6 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
Incorporated1951-11-27
Jurisdictionscotland
Primary SIC43341 — Painting

Registered office

96-98 Salamander Street
Edinburgh
EH6 7LA
Scotland

Filing status

Accounts
Next due: 2027-12-31
Last made up to: 2026-03-31
Confirmation statement
Next due: 2026-07-12
Last: 2025-06-28

Officers (3 active · 7 resigned)

NICOLSON, Margaret Patricia→
secretary · appointed 2008-05-31
View their other companies + combined net worth →
Active
NICOLSON, Barrie John→
director · ~57y · appointed 2008-05-31
View their other companies + combined net worth →
Active
NICOLSON, Ewan Gordon→
director · ~52y · appointed 2008-05-31
View their other companies + combined net worth →
Active
HENDERSON, Gillian→
secretary · resigned 2004-11-16
Resigned
NIBLOCK, Andrew Robert→
secretary · appointed 2004-11-16 · resigned 2008-05-31
Resigned
HENDERSON, Gillian→
director · ~82y · resigned 2004-11-16
Resigned
HENDERSON, Ronald→
director · ~84y · resigned 2005-06-18
Resigned
NIBLOCK, Andrew Robert→
director · ~58y · appointed 2004-11-16 · resigned 2008-05-31
Resigned
NIBLOCK, Kathryn Susan→
director · ~57y · appointed 1997-05-14 · resigned 2008-05-31
Resigned
NICOLSON, George→
director · ~80y · appointed 2008-05-31 · resigned 2010-11-10
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property25/08/2005—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/06/199604/04/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/05/199521/05/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties04/03/198221/05/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (121 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-06-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-06-18
accounts-with-accounts-type-dormant
accounts · AA
2025-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-08
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-07-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-03
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-07-03
accounts-with-accounts-type-dormant
accounts · AA
2024-04-16
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-12
accounts-with-accounts-type-dormant
accounts · AA
2023-04-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-13
change-person-director-company-with-change-date
officers · CH01
2022-07-06
change-person-secretary-company-with-change-date
officers · CH03
2022-07-06