FIRSIDE JOINERY LIMITED

💤Zombieactive
SC194678 · ltd · incorporated 1999-03-25
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 Mar 2024
Net worth
£180.3k
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 25.9y

45/100
under pressure

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

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (72/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (1 active, 9 linked, 5 with DOB)
81
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
90 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £180,334

Key financials

1 year extracted from filed iXBRL accounts
Cash
£16k
Net Worth
£180k
Current Assets
£409k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-03-31
Total assets£198.5k
Current assets£409.1k
Cash£16.2k
Debtors£196.4k
Net assets£180.3k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
  1. 2025-10-14
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  2. 2025-09-19
    ➖
    WALTON, Elizabeth resigned
    director
  3. 2025-09-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-09-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-09-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2025-02-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2025-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2024-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-08-21
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2023-04-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2023-03-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2021-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-03-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-12-30
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  17. 2019-03-01
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  18. 2019-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  19. 2019-03-01
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  20. 2018-12-14
    ➕
    WALTON, David John appointed
    director
  21. 2017-03-31
    ➖
    WALTON, John resigned
    director
  22. 2015-07-31
    ➖
    PODMORE, George resigned
    secretary
  23. 2015-04-01
    ➕
    WALTON, John appointed
    director
  24. 2011-01-01
    ➖
    HAZEL, Anne resigned
    secretary
  25. 2011-01-01
    ➕
    PODMORE, George appointed
    secretary
  26. 2000-08-01
    ➕
    WALTON, Elizabeth appointed
    director
  27. 2000-08-01
    ➖
    WALTON, John resigned
    director
  28. 2000-06-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  29. 1999-08-13
    ➕
    HAZEL, Anne appointed
    secretary
  30. 1999-08-13
    ➖
    ROSE, Charles resigned
    secretary
  31. 1999-08-13
    ➖
    MATHESON, James resigned
    director
  32. 1999-08-13
    ➕
    WALTON, John appointed
    director
  33. 1999-03-25
    🏢
    Company incorporated
    As FIRSIDE JOINERY LIMITED
  34. 1999-03-25
    ➕
    ROSE, Charles appointed
    secretary
  35. 1999-03-25
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 1999-03-25
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  37. 1999-03-25
    ➕
    MATHESON, James appointed
    director

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 59 — 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 59. 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 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

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 · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr David John Walton
Individual · British · DOB 02/1967 · age 59
75–100%
—75-100% shares14/12/2018
4 historic (ceased) PSCs
  • Mr James Podmoreceased 05/08/2025· 25-50% shares
  • Mrs Elizabeth Waltonceased 14/12/2018· 25-50% shares
  • Mrs Margaret Helen Podmoreceased 31/07/2016· 25-50% shares
  • Mrs Margaret Helen Podmoreceased 31/07/2016· 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
Incorporated1999-03-25
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

6 Castle Road
Bankside Industrial Estate
Falkirk
FK2 7UY
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-03-31
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (1 active · 8 resigned)

WALTON, David John→
director · ~59y · appointed 2018-12-14
View their other companies + combined net worth →
Active
HAZEL, Anne→
secretary · appointed 1999-08-13 · resigned 2011-01-01
Resigned
PODMORE, George→
secretary · appointed 2011-01-01 · resigned 2015-07-31
Resigned
ROSE, Charles→
secretary · appointed 1999-03-25 · resigned 1999-08-13
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1999-03-25 · resigned 1999-03-25
Resigned
MATHESON, James→
director · ~73y · appointed 1999-03-25 · resigned 1999-08-13
Resigned
WALTON, Elizabeth→
director · ~79y · appointed 2000-08-01 · resigned 2025-09-19
Resigned
WALTON, John→
director · ~81y · appointed 2015-04-01 · resigned 2017-03-31
Resigned
WALTON, John→
director · ~81y · appointed 1999-08-13 · resigned 2000-08-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property01/06/2000—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

change-account-reference-date-company-previous-extended
accounts · AA01
2025-10-14
termination-director-company-with-name-termination-date
officers · TM01
2025-09-19
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-09-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-28
change-person-director-company-with-change-date
officers · CH01
2025-02-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-20
change-account-reference-date-company-previous-extended
accounts · AA01
2023-08-21
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-02