FRASERS HOUSE FURNISHERS (ELLON) LIMITED
🌳Matureactive
SC057619 · ltd · incorporated 1975-04-23
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£656.5k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
- 47599Retail sale of furniture, lighting, and similar (not musical instruments or scores) in specialised stores
Investor take
PursueActive trading company with a 76-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -84% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
5 live charges · 2 lenders · oldest 47.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 47.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 6 with DOB)
87
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £656,519
Net assets shrinking
Down £5,934 YoY
Cash draining
Cash down 84% YoY
Cash YoY
-84%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£17k
↓ 84% YoY
Net Worth
£657k
~ YoY
Current Assets
£983k
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £805.9k | — |
| Current assets | £982.7k | — |
| Cash | £17.0k | £105.5k |
| Debtors | £517.7k | — |
| Net assets | £656.5k | £662.5k |
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
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-11-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-05-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-05-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-05-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-04-14➕WATT, Leanne appointeddirector
- 2022-04-14➖FRASER, Gordon James resigneddirector
- 2022-02-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-12-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-12-18📄resolutionresolution · RESOLUTIONS
- 2017-12-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-13📄capital-cancellation-sharescapital · SH06
- 2017-10-13📄capital-return-purchase-own-sharescapital · SH03
- 2017-09-14📄appoint-person-director-company-with-name-dateofficers · AP01
- 2017-05-01➕MCKAY, Colin Stewart appointeddirector
- 2013-07-24➖FRASER, Alice resigneddirector
- 2006-03-14🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 2006-03-13🔓Charge satisfied #2
- 2006-02-15🔓Charge satisfied #1
- 2006-01-06🔒Charge registered #4Lender: The Governor and Company of the Bank of Scotland
- 2005-11-25🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1992-12-13➖STEPHEN, John Gray resigneddirector
- 1985-05-21🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1978-12-14🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1975-04-23🏢Company incorporatedAs FRASERS HOUSE FURNISHERS (ELLON) LIMITED
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Founder age: Director aged approximately 76 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
70/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 76 years old. Natural succession window is now.
- secondaryStable-but-static management: Company is 51 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Colin Stewart Mckay Individual · British · DOB 11/1973 · age 53 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 14/04/2022 |
Mr Stewart Martin Mckay Individual · British · DOB 07/1950 · age 76 | — | — | sig. influencesignificant influence | 28/02/2017 |
1 historic (ceased) PSC
- Mr Gordon James Fraserceased 14/04/2022· significant influence
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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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
Incorporated1975-04-23
Jurisdictionscotland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores
Registered office
16 Ythan Terrace
Ellon
Aberdeenshire
AB4 9LL
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-05-15
Last: 2025-05-01
Officers (4 active · 3 resigned)
Active
MCKAY, Colin Stewart→
Activedirector · ~53y · appointed 2017-05-01
View their other companies + combined net worth →
Active
WATT, Leanne→
Activedirector · ~40y · appointed 2022-04-14
View their other companies + combined net worth →
FRASER, Alice→
Resigneddirector · ~102y · resigned 2013-07-24
FRASER, Gordon James→
Resigneddirector · ~81y · resigned 2022-04-14
STEPHEN, John Gray→
Resigneddirector · ~99y · resigned 1992-12-13
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
3
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 14/03/2006 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 06/01/2006 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 25/11/2005 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/05/1985 | 13/03/2006 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 14/12/1978 | 15/02/2006 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (113 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-13
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-05-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-05-05
appoint-person-director-company-with-name-date
officers · AP01
2022-05-05
termination-director-company-with-name-termination-date
officers · TM01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-24