WEMYSS FABRICS (HOLDINGS) LIMITED
Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 7 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
9 live charges · 7 lenders · oldest 44.9y
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 44.9 years old — likely at or near maturity.
- · 7 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-29 |
|---|---|
| Average employees | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 confirmation-statement
Corporate timeline (46 events)Click to expand
- 2025-08-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-09-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2024-06-03➖MORTON FRASER SECRETARIES LIMITED resignedcorporate-secretary
- 2023-08-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-09-01📄accounts-with-accounts-type-groupaccounts · AA
- 2021-07-30📄accounts-with-accounts-type-groupaccounts · AA
- 2020-09-02📄accounts-with-accounts-type-groupaccounts · AA
- 2020-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-30📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-01-30🔓Charge satisfied #8
- 2020-01-30🔓Charge satisfied #7
- 2019-07-01📄accounts-with-accounts-type-groupaccounts · AA
- 2018-06-29📄accounts-with-accounts-type-groupaccounts · AA
- 2018-05-16📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2018-05-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2018-05-01➕MORTON FRASER SECRETARIES LIMITED appointedcorporate-secretary
- 2018-02-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-02-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-02-20📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2018-02-20📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2018-02-07➕TATNELL, Ian James appointeddirector
- 2018-02-07➕WORF, Ian Richard appointeddirector
- 2018-02-07➖BURNESS PAULL LLP resignedcorporate-secretary
- 2018-02-07➖MOIR, Malcolm resigneddirector
- 2018-02-07➖WIGGLESWORTH, Martin Hardwick resigneddirector
- 2018-02-07🔒Charge registered #11Lender: Malcolm Moir and Martin Hardwick Wigglesworth
- 2018-02-07🔒Charge registered #10Lender: Rbs Invoice Finance Limited
- 2018-02-07🔒Charge registered #9Lender: The Royal Bank of Scotland PLC
- 2012-04-25🔓Charge satisfied #5
- 2012-04-25🔓Charge satisfied #3
- 2012-04-25🔓Charge satisfied #2
- 2011-12-07🔒Charge registered #8Lender: Clydesdale Bank PLC
- 2007-10-18🔒Charge registered #7Lender: Clydesdale Bank Public Limited Company
- 2004-09-12➕BURNESS PAULL LLP appointedcorporate-secretary
- 2004-09-12➖BURNESS SOLICITORS resignedcorporate-nominee-secretary
- 1997-06-17➖STIRLING, Frederick Robertson resigneddirector
- 1994-12-02➖REEKIE, Charles Ian Barclay resigneddirector
- 1993-10-13➖DICKS, Trevor William resigneddirector
- 1989-04-25➕BURNESS SOLICITORS appointedcorporate-nominee-secretary
- 1987-02-06🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 1982-07-13🔓Charge satisfied #1
- 1981-08-27🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1981-07-31🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1981-07-07🔒Charge registered #1Lender: Law & Bonar PLC
- 1980-10-21🏢Company incorporatedAs WEMYSS FABRICS (HOLDINGS) LIMITED
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 46 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Gourdie Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Gourdie Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (2 active · 8 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Malcolm Moir and Martin Hardwick Wigglesworth | A registered charge | 1 property | 07/02/2018 | — | |
| outstanding | NatWest Group Rbs Invoice Finance Limited | A registered charge | 1 property | 07/02/2018 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 07/02/2018 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 07/12/2011 | 30/01/2020 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 18/10/2007 | 30/01/2020 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 06/02/1987 | 25/04/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 27/08/1981 | 25/04/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 31/07/1981 | 25/04/2012 | |
| satisfied | Law & Bonar Law & Bonar PLC | Floating charge | 1 property | 07/07/1981 | 13/07/1982 |