HENDRY & KEITH LIMITED

🌳Matureactive
SC032233 · ltd · incorporated 1957-04-30
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
70/100
Strong
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What this business does
Primary activity: SIC 4542
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 70/100 (strong), bankability 55/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).

Data confidence

Overall: low (46/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
5 filings
60
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
55
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (11 events)Click to expand
  1. 2019-10-23
    📄
    court-order
    miscellaneous · OC-DV
  2. 1992-07-01
    BEATON, Alistair David appointed
    director
  3. 1989-04-28
    HENDERSON, John appointed
    secretary
  4. 1989-04-28
    HENDERSON, George appointed
    director
  5. 1989-04-28
    MCINTOSH, Alexander resigned
    secretary
  6. 1989-04-28
    MCINTOSH, Alexander resigned
    director
  7. 1987-12-23
    📄
    legacy
    officers · 288
  8. 1987-04-21
    📄
    accounts-with-accounts-type-small
    accounts · AA
  9. 1987-04-21
    📄
    legacy
    annual-return · 363
  10. 1987-01-01
    📄
    selection-of-documents-registered-before-January-1987
    historical · PRE87
  11. 1957-04-30
    🏢
    Company incorporated
    As HENDRY & KEITH LIMITED

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
  • +Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 92 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

85/100
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 92 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 37 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 69 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1994-09-30

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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.

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🔒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
Incorporated1957-04-30
Jurisdictionscotland
Primary SIC4542 — SIC 4542

Registered office

C/O Henderson & Smith (Builders)
Station Yard
Cults
Aberdeen
AB1 9NP

Filing status

Accounts
Next due: 1994-09-30OVERDUE
Last made up to: 1992-11-30
Confirmation statement
Next due:
Last:

Officers (4 active · 2 resigned)

HENDERSON, John
secretary · appointed 1989-04-28
View their other companies + combined net worth →
Active
BEATON, Alistair David
director · ~81y · appointed 1992-07-01
View their other companies + combined net worth →
Active
HENDERSON, George
director · ~92y · appointed 1989-04-28
View their other companies + combined net worth →
Active
HENDERSON, John
director · ~83y
View their other companies + combined net worth →
Active
MCINTOSH, Alexander
secretary · resigned 1989-04-28
Resigned
MCINTOSH, Alexander
director · resigned 1989-04-28
Resigned

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

Recent filings (5 total)

court-order
miscellaneous · OC-DV
2019-10-23
legacy
officers · 288
1987-12-23
accounts-with-accounts-type-small
accounts · AA
1987-04-21
legacy
annual-return · 363
1987-04-21
selection-of-documents-registered-before-January-1987
historical · PRE87
1987-01-01