HENDRY HYDRAULICS LIMITED
📉Decliningactive
SC059511 · ltd · incorporated 1976-03-03
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.
Opportunity decay
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
- · Lifecycle stage drifting downward
- · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 28131
Sector: Manufacturing
Investor take
PursueConservative operator with a 75-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). 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 (78/100).
🏦
Refinance opportunity
1 live charge · oldest 18.5y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 18.5 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: medium (78/100)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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 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
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 102Profitable
Profit before tax £118,243
Key financials
2 years extracted from filed iXBRL accountsCash
—
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 | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £118.2k | £149.2k |
| Average employees | 91 | 9300 |
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
0
filings
Last 180 days
5
filings
- • 3 officers
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
- 2026-01-23📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-01-22📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-22📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-12➖HENDRY, Isobel Jane resigneddirector
- 2025-12-19📄accounts-with-accounts-type-fullaccounts · AA
- 2024-12-23📄accounts-with-accounts-type-fullaccounts · AA
- 2023-12-14📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-21📄accounts-with-accounts-type-fullaccounts · AA
- 2022-12-10➖HENDRY, James Alexander resigneddirector
- 2022-01-07📄accounts-with-accounts-type-fullaccounts · AA
- 2021-04-06📄accounts-with-accounts-type-fullaccounts · AA
- 2021-03-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-03-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-12-31➕HENDRY, Isobel Jane appointeddirector
- 2020-12-31➕HENDRY, James Alexander appointeddirector
- 2020-01-21📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-21📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2019-12-31➕HENDRY, Rona Strathie appointedsecretary
- 2019-12-31➖HENDRY, Isabel Jane resignedsecretary
- 2019-12-31➖HENDRY, Isabel Jane resigneddirector
- 2019-12-31➖HENDRY, James Alexander resigneddirector
- 2019-12-31📄accounts-with-accounts-type-fullaccounts · AA
- 2007-11-01🔒Charge registered #1Lender: Bank of Scotland PLC
- 2005-03-02➕HENDRY, Rona Strathie appointeddirector
- 1976-03-03🏢Company incorporatedAs HENDRY HYDRAULICS LIMITED
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder name in company name: Company name contains director surname "HENDRY" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 50 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Michael Hendry Individual · British · DOB 08/1956 · age 70 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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
Incorporated1976-03-03
Jurisdictionscotland
Primary SIC28131 — SIC 28131
Registered office
2 Perimeter Road
Pinefield Industrial Estate
Elgin
IV30 6DF
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13
Officers (3 active · 5 resigned)
HENDRY, Rona Strathie→
Activesecretary · appointed 2019-12-31
View their other companies + combined net worth →
Active
HENDRY, Rona Strathie→
Activedirector · ~75y · appointed 2005-03-02
View their other companies + combined net worth →
HENDRY, Isabel Jane→
Resignedsecretary · resigned 2019-12-31
HENDRY, Isabel Jane→
Resigneddirector · ~92y · resigned 2019-12-31
HENDRY, Isobel Jane→
Resigneddirector · ~92y · appointed 2020-12-31 · resigned 2026-01-12
HENDRY, James Alexander→
Resigneddirector · ~99y · appointed 2020-12-31 · resigned 2022-12-10
HENDRY, James Alexander→
Resigneddirector · ~99y · resigned 2019-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 01/11/2007 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (109 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-23
termination-director-company-with-name-termination-date
officers · TM01
2026-01-23
change-person-director-company-with-change-date
officers · CH01
2026-01-22
change-person-director-company-with-change-date
officers · CH01
2026-01-22
accounts-with-accounts-type-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
accounts-with-accounts-type-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-24
accounts-with-accounts-type-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
termination-director-company-with-name-termination-date
officers · TM01
2022-12-21
accounts-with-accounts-type-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-full
accounts · AA
2022-01-07
accounts-with-accounts-type-full
accounts · AA
2021-04-06