NEWFIELD (DUNDONALD) LIMITED

💤Zombieactive
SC142332 · ltd · incorporated 1993-01-29
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Dispensing chemist in specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 60-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (65/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 3 lenders · oldest 31.0y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 31.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (74/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
16 officers (1 active, 16 linked, 12 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
128 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-31
Average employees0

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

🔒Filing-note intelligence

1 signal 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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (69 events)Click to expand
  1. 2025-08-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-05-23
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  3. 2024-08-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2023-01-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2022-11-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-11-04
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2021-12-06
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  8. 2021-12-06
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  9. 2021-12-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-12-02
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2021-12-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2021-12-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2021-12-01
    ➕
    GORDON, Allan Stewart appointed
    director
  19. 2021-12-01
    ➖
    ILLINGWORTH, David Marshall, Dr resigned
    secretary
  20. 2021-12-01
    ➖
    ILLINGWORTH, David Marshall, Dr resigned
    director
  21. 2021-12-01
    ➖
    MCADAM, Sheena Ruth, Dr resigned
    director
  22. 2021-12-01
    ➖
    MCDOUGALL, Lynne, Dr resigned
    director
  23. 2021-12-01
    ➖
    WATTS, John David, Dr resigned
    director
  24. 2021-12-01
    ➖
    WEBSTER, Calum resigned
    director
  25. 2021-12-01
    ➖
    WOOD, Michael Johnson, Dr resigned
    director
  26. 2021-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2021-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2021-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  29. 2021-11-30
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  30. 2021-11-30
    🔓
    Charge satisfied #8
  31. 2021-11-30
    🔓
    Charge satisfied #7
  32. 2021-11-30
    🔓
    Charge satisfied #5
  33. 2021-11-30
    🔓
    Charge satisfied #3
  34. 2021-11-30
    🔓
    Charge satisfied #4
  35. 2021-08-24
    🔓
    Charge satisfied #2
  36. 2012-01-13
    🔓
    Charge satisfied #6
  37. 2005-04-21
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  38. 2005-04-21
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  39. 2005-01-28
    🔒
    Charge registered #6
    Lender: Aah Pharmaceuticals Limited and Another
  40. 2003-10-01
    ➕
    MCDOUGALL, Lynne, Dr appointed
    director
  41. 2003-01-09
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  42. 2002-06-05
    ➕
    WEBSTER, Calum appointed
    director
  43. 2002-06-04
    ➖
    POW, Joan resigned
    director
  44. 2002-02-24
    ➕
    POW, Joan appointed
    director
  45. 2002-02-23
    ➕
    ILLINGWORTH, David Marshall, Dr appointed
    secretary
  46. 2002-02-23
    ➖
    WILLIAMS, Linda Ethel resigned
    secretary
  47. 2002-02-23
    ➖
    WILLIAMS, Linda Ethel resigned
    director
  48. 2001-08-13
    🔓
    Charge satisfied #1
  49. 2001-07-10
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  50. 2001-07-06
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 69 events

Owner dependency

83/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

65/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 33 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Walter Davidson & Sons Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Walter Davidson & Sons Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
NEWFIELD (DUNDONALD) LIMITED
This company · SC142332

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%
NameSharesVoting rightsNature of controlNotified
Walter Davidson & Sons Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting01/12/2021
1 historic (ceased) PSC
  • Dr David Marshall Illingworthceased 01/01/2019· 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
Incorporated1993-01-29
Jurisdictionscotland
Primary SIC47730 — Dispensing chemist in specialised stores

Registered office

21-24 Wellmeadow
Blairgowrie
PH10 6AT
Scotland

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-11-30
Last: 2025-11-16

Officers (1 active · 15 resigned)

GORDON, Allan Stewart→
director · ~60y · appointed 2021-12-01
View their other companies + combined net worth →
Active
ILLINGWORTH, David Marshall, Dr→
secretary · appointed 2002-02-23 · resigned 2021-12-01
Resigned
REID, Brian→
nominee-secretary · appointed 1993-01-29 · resigned 1993-02-08
Resigned
WATTS, John David, Dr→
secretary · appointed 1993-02-08 · resigned 1995-01-30
Resigned
WILLIAMS, Linda Ethel→
secretary · appointed 1995-01-30 · resigned 2002-02-23
Resigned
GIBSON, Ian Brodie, Dr→
director · ~95y · appointed 1993-02-08 · resigned 1993-07-28
Resigned
ILLINGWORTH, David Marshall, Dr→
director · ~59y · appointed 1997-10-31 · resigned 2021-12-01
Resigned
MABBOTT, Stephen→
nominee-director · ~76y · appointed 1993-01-29 · resigned 1993-02-08
Resigned
MCADAM, Sheena Ruth, Dr→
director · ~66y · appointed 1993-02-08 · resigned 2021-12-01
Resigned
MCDOUGALL, Lynne, Dr→
director · ~63y · appointed 2003-10-01 · resigned 2021-12-01
Resigned
MCDOUGALL, Lynne, Dr→
director · ~63y · appointed 1994-12-06 · resigned 2001-04-07
Resigned
POW, Joan→
director · ~68y · appointed 2002-02-24 · resigned 2002-06-04
Resigned
WATTS, John David, Dr→
director · ~90y · appointed 1993-02-08 · resigned 2021-12-01
Resigned
WEBSTER, Calum→
director · ~63y · appointed 2002-06-05 · resigned 2021-12-01
Resigned
WILLIAMS, Linda Ethel→
director · ~73y · appointed 1994-12-06 · resigned 2002-02-23
Resigned
WOOD, Michael Johnson, Dr→
director · ~64y · appointed 1993-02-08 · resigned 2021-12-01
Resigned

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

Mortgages & charges

8
Total charges
0
Outstanding
0
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/04/200530/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/04/200530/11/2021
satisfied
Aah Pharmaceuticals and Another
Aah Pharmaceuticals Limited and Another
Debenture5 properties28/01/200513/01/2012
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/01/200330/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/07/200130/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property06/07/200130/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/05/200124/08/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property11/04/199513/08/2001

Recent filings (128 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-02
accounts-with-accounts-type-dormant
accounts · AA
2025-08-15
change-account-reference-date-company-previous-extended
accounts · AA01
2025-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-dormant
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-21
accounts-with-accounts-type-small
accounts · AA
2023-01-20
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-08
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-11-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-12-06
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2021-12-06
appoint-person-director-company-with-name-date
officers · AP01
2021-12-02
termination-director-company-with-name-termination-date
officers · TM01
2021-12-02
termination-director-company-with-name-termination-date
officers · TM01
2021-12-02