SHADOW BLINDS LIMITED

🌳Matureactive
SC112430 · ltd · incorporated 1988-07-25
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 26.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 13990
Sector: Manufacturing
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 85/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 26.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 26.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 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
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees15002100

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-10-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  2. 2024-08-20
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-01-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2023-12-22
    ➕
    NIKOLIC, Sean appointed
    director
  5. 2023-06-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2022-12-22
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2022-12-22
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-12-22
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2022-07-01
    ➕
    NIKOLIC, June appointed
    director
  10. 2022-07-01
    ➖
    NIKOLIC, Colin resigned
    director
  11. 2022-06-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2021-07-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2020-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-09-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-04-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2017-04-20
    🔓
    Charge satisfied #1
  19. 2016-11-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2000-02-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  21. 1996-12-09
    ➕
    NIKOLIC, June appointed
    secretary
  22. 1996-12-09
    ➖
    RUSSELL, James resigned
    secretary
  23. 1988-07-25
    🏢
    Company incorporated
    As SHADOW BLINDS LIMITED

Owner dependency

81/100
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 age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

16/100
No succession signal

No meaningful acquirability indicators from public data.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — NIKOLIC, Sean (same surname) appointed 2023-12-22. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

clean
No 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
NameSharesVoting rightsNature of controlNotified
Mrs June Nikolic
Individual · British · DOB 01/1957 · age 69
25–50%
—25-50% shares20/11/2016
1 historic (ceased) PSC
  • Mr Colin Nikolicceased 01/07/2022· 25-50% shares

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
Incorporated1988-07-25
Jurisdictionscotland
Primary SIC13990 — SIC 13990

Registered office

Unit E Eastfield Ind Estate
Newark Road South
Glenrothes
Fife
KY7 4NS

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-12-11
Last: 2025-11-27

Officers (3 active · 2 resigned)

NIKOLIC, June→
secretary · appointed 1996-12-09
View their other companies + combined net worth →
Active
NIKOLIC, June→
director · ~69y · appointed 2022-07-01
View their other companies + combined net worth →
Active
NIKOLIC, Sean→
director · ~50y · appointed 2023-12-22
View their other companies + combined net worth →
Active
RUSSELL, James→
secretary · resigned 1996-12-09
Resigned
NIKOLIC, Colin→
director · ~71y · resigned 2022-07-01
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/02/200020/04/2017

Recent filings (95 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-08-20
appoint-person-director-company-with-name-date
officers · AP01
2024-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-12-15
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-06-02
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-22
appoint-person-director-company-with-name-date
officers · AP01
2022-12-22
termination-director-company-with-name-termination-date
officers · TM01
2022-12-22
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-22
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-09