RICHARD F MACKAY (HOUSE FURNISHERS) LIMITED

🌳Matureactive
SC062800 · ltd · incorporated 1977-07-27
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 46.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£2.20M
book net assets
Opportunity
78/100
Strong
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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
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 65/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 46.7y

50/100
clean up first

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

  • · Oldest live charge is 46.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
132 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
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £2,203,608
Net assets shrinking
Down £260,532 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£598
~ YoY
Net Worth
£2.2m
↓ 11% YoY
Current Assets
—
Current Liabilities
—
£0£493k£986k£1.5m£2.0m£2.5mFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£2.82M£3.16M
Cash£598£598
Net assets£2.20M£2.46M

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

🔒Filing-note intelligence

3 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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-03-31
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2023-03-31
    📄
    memorandum-articles
    incorporation · MA
  6. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-08-25
    📄
    mortgage-charge-whole-cease-with-charge-number
    mortgage · MR05
  8. 2021-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-11-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-09-24
    ➖
    MACKAY, Richard resigned
    director
  11. 2020-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-05-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2020-05-05
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  14. 2019-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-11-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2014-02-12
    ➕
    MACKAY, Elspeth appointed
    secretary
  19. 2014-02-12
    ➖
    MACKAY, Scott James resigned
    secretary
  20. 2014-02-12
    ➖
    MACKAY, Elspeth resigned
    director
  21. 1997-09-08
    🔓
    Charge satisfied #4
  22. 1997-08-21
    ➖
    MACKAY, Richard F resigned
    secretary
  23. 1997-08-21
    ➕
    MACKAY, Scott James appointed
    secretary
  24. 1991-10-16
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  25. 1991-09-30
    ➕
    MACKAY, Rick Francis appointed
    director
  26. 1991-09-30
    ➕
    MACKAY, Scott James appointed
    director
  27. 1991-09-27
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  28. 1991-01-08
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  29. 1988-12-29
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  30. 1979-08-31
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  31. 1977-07-27
    🏢
    Company incorporated
    As RICHARD F MACKAY (HOUSE FURNISHERS) LIMITED

Owner dependency

99/100
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
  • +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 "MACKAY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 49 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 low
5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Scott James Mackay
Individual · British · DOB 09/1968 · age 58
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Rick Mackay
Individual · British · DOB 01/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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
Incorporated1977-07-27
Jurisdictionscotland
Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

60 Stevenson Road
Murrayfield
Edinburgh
EH11 2SG

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-14
Last: 2026-01-31

Officers (3 active · 4 resigned)

MACKAY, Elspeth→
secretary · appointed 2014-02-12
View their other companies + combined net worth →
Active
MACKAY, Rick Francis→
director · ~60y · appointed 1991-09-30
View their other companies + combined net worth →
Active
MACKAY, Scott James→
director · ~58y · appointed 1991-09-30
View their other companies + combined net worth →
Active
MACKAY, Richard F→
secretary · resigned 1997-08-21
Resigned
MACKAY, Scott James→
secretary · appointed 1997-08-21 · resigned 2014-02-12
Resigned
MACKAY, Elspeth→
director · ~87y · resigned 2014-02-12
Resigned
MACKAY, Richard→
director · ~91y · resigned 2021-09-24
Resigned

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

Mortgages & charges

6
Total charges
5
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—05/05/2020—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/10/1991—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property27/09/199108/09/1997
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/01/1991—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/12/1988—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property31/08/1979—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (132 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-29
resolution
resolution · RESOLUTIONS
2023-03-31
memorandum-articles
incorporation · MA
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
mortgage-charge-whole-cease-with-charge-number
mortgage · MR05
2022-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
termination-director-company-with-name-termination-date
officers · TM01
2021-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-01