REDWELLS JOINERY LIMITED
🌳Matureactive
SC111064 · ltd · incorporated 1988-05-10
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 37.5y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2024
Net worth
£76.0k
book net assets
Opportunity
71/100
Strong
What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Special-situation opportunityDistressed manufacturing with salvageable qualities — special-situations priority.
Opportunity 71/100 (strong), bankability 75/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
1 live charge · oldest 37.5y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 37.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
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
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £76,008
Net assets shrinking
Down £14,113 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£76k
↓ 16% YoY
Current Assets
£50k
↓ 75% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-07-31 | 2023-07-31 |
|---|---|---|
| Total assets | £26.0k | £155.3k |
| Current assets | £49.9k | £196.4k |
| Net assets | £76.0k | £90.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (20 events)Click to expand
- 2025-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-04-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-04-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-06➖PATERSON, James Brockie resigneddirector
- 2023-04-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-04-04🔓Charge satisfied #1
- 2022-04-21📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-04-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-10-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-10-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2017-10-04📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2015-09-21➖PATERSON, Elizabeth resignedsecretary
- 2013-08-15➕PATERSON, Sandra appointeddirector
- 1988-10-28🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1988-05-10🏢Company incorporatedAs REDWELLS JOINERY LIMITED
Owner dependency
81/100
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 age: Director aged approximately 84 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
84/100
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 84 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 13 years.
- secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-21
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Elizabeth Paterson Individual · British · DOB 03/1942 · age 84 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Miss Sandra Paterson Individual · British · DOB 04/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mr James Brockie Patersonceased 06/04/2023· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Manufacturing · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FTV PROCLAD (U.K.) LIMITED→ SC271316 · est 2004 | — | — | — | 42 | 21y | 85 | 66y |
| CLEAR AUDIO SYSTEMS LTD→ SC144490 · est 1993 | — | — | £17.3k | — | 32y | 83 | 81y |
| THE FRAMESTOREUK LTD→ SC726572 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| THE SERVICE SHOP LIMITED→ SC477535 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| TOM JERVIS LIMITED→ SC548564 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| TREND TECHNOLOGIES SCOTLAND LIMITED→ SC263638 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
| TUTURU LIMITED→ SC596204 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| UK GYM TEK LTD→ SC841449 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| VAL-U-BLINDS LTD.→ SC100348 · est 1986 · no financials extracted | — | — | — | — | 39y | — | — |
| VALKARIE GAMES LTD→ SC793669 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| VEHICLE TRANSPORT KINROSS LTD→ SC774377 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| VIKING SERVICES LIMITED→ SC848289 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1988-05-10
Jurisdictionscotland
Primary SIC16230 — Manufacture of other builders' carpentry and joinery
Registered office
1 Crompton Road
Southfield Industrial Estate
Glenrothes
Fife
KY6 2SF
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-07-31
Confirmation statement
Next due: 2026-04-21OVERDUE
Last: 2025-04-07
Officers (2 active · 2 resigned)
Active
PATERSON, Sandra→
Activedirector · ~58y · appointed 2013-08-15
View their other companies + combined net worth →
PATERSON, Elizabeth→
Resignedsecretary · resigned 2015-09-21
PATERSON, James Brockie→
Resigneddirector · ~84y · resigned 2023-04-06
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 28/10/1988 | 04/04/2023 |
Recent filings (98 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2023-04-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-07
termination-director-company-with-name-termination-date
officers · TM01
2023-04-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-04-07
mortgage-satisfy-charge-full
mortgage · MR04
2023-04-04
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-08
accounts-with-accounts-type-micro-entity
accounts · AA
2021-04-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-07