INTERWHITTIC LIMITED

💤Zombieactive
SC197056 · ltd · incorporated 1999-06-04
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 Dec 2025
Net worth
£424.1k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: SIC 46140
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 77-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (93/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 26.8y

30/100
under pressure

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

  • · Oldest live charge is 26.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
12 officers (2 active, 12 linked, 7 with DOB)
82
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
100 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
80
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review 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 £424,085
Net assets shrinking
Down £22,735 YoY
Cash YoY
-9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£217k
↓ 9.2% YoY
Net Worth
£424k
↓ 5.1% YoY
Current Assets
£469k
↓ 11% YoY
Current Liabilities
—
£0£106k£212k£317k£423k£529kDec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-12-312024-12-31
Total assets£424.1k£446.8k
Current assets£468.5k£529.1k
Cash£217.1k£239.0k
Debtors£126.0k£139.5k
Net assets£424.1k£446.8k

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
1
filing
  • • 1 change-of-name
Last 90 days
3
filings
  • • 1 change-of-name
  • • 1 accounts
  • • 1 persons-with-significant-control
Last 180 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 change-of-name
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-04-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  2. 2026-03-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2026-03-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  4. 2025-11-24
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2025-03-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-14
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-08-14
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-04-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2020-07-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-05-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2017-04-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2016-12-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2016-12-01
    ➖
    HEESEN, Johan Evert Gerhard resigned
    director
  18. 2013-03-09
    🔓
    Charge satisfied #3
  19. 2010-07-01
    ➖
    PEARCE, Edward resigned
    director
  20. 2010-05-05
    ➖
    TOAL, William Pollock resigned
    director
  21. 2009-12-31
    ➖
    ADRIAANSE, Cornelis Thomas resigned
    director
  22. 2009-12-31
    ➕
    HEESEN, Johan Evert Gerhard appointed
    director
  23. 2009-01-28
    ➕
    WHITTLE, Edward James appointed
    director
  24. 2009-01-28
    ➖
    TICCIONI, James resigned
    director
  25. 2009-01-28
    ➕
    TOAL, William Pollock appointed
    director
  26. 2007-08-02
    🔓
    Charge satisfied #2
  27. 2007-07-30
    ➕
    ADRIAANSE, Cornelis Thomas appointed
    director
  28. 2007-07-05
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  29. 2002-09-25
    ➕
    PEARCE, Edward appointed
    director
  30. 2001-07-03
    ➕
    WHITTLE, Edward James appointed
    secretary
  31. 2001-07-03
    ➖
    EACOTT, Anthony resigned
    secretary
  32. 2001-07-03
    ➖
    EACOTT, Anthony resigned
    director
  33. 2001-06-08
    🔓
    Charge satisfied #1
  34. 2001-01-29
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  35. 1999-07-27
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  36. 1999-06-04
    🏢
    Company incorporated
    As INTERWHITTIC LIMITED
  37. 1999-06-04
    ➕
    EACOTT, Anthony appointed
    secretary
  38. 1999-06-04
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-secretary
  39. 1999-06-04
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-secretary
  40. 1999-06-04
    ➕
    EACOTT, Anthony appointed
    director
  41. 1999-06-04
    ➕
    TICCIONI, James appointed
    director
  42. 1999-06-04
    ➕
    COMBINED NOMINEES LIMITED appointed
    corporate-nominee-director
  43. 1999-06-04
    ➖
    COMBINED NOMINEES LIMITED resigned
    corporate-nominee-director
  44. 1999-06-04
    ➕
    COMBINED SECRETARIAL SERVICES LIMITED appointed
    corporate-nominee-director
  45. 1999-06-04
    ➖
    COMBINED SECRETARIAL SERVICES LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Long-tenure founder: Senior director has been in place 17 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

98/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 17 years.
  • secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 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.

Name changed recently
medium

Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.

Evidence: 2026-04-16: certificate-change-of-name-company

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr James Ticcioni
Individual · British · DOB 08/1944 · age 82
50–75%
50–75%board control50-75% shares · 50-75% voting · board control16/02/2021
Mr Edward James Whittle
Individual · British · DOB 12/1949 · age 77
25–50%
25–50%25-50% shares · 25-50% voting16/02/2021
1 historic (ceased) PSC
  • Jet Europe B.Vceased 16/02/2021· 25-50% shares · 25-50% voting · firm interest

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1999-06-04
Jurisdictionscotland
Primary SIC46140 — SIC 46140

Registered office

8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-06-18
Last: 2025-06-04

Officers (2 active · 10 resigned)

WHITTLE, Edward James→
secretary · appointed 2001-07-03
View their other companies + combined net worth →
Active
WHITTLE, Edward James→
director · ~77y · appointed 2009-01-28
View their other companies + combined net worth →
Active
EACOTT, Anthony→
secretary · appointed 1999-06-04 · resigned 2001-07-03
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-secretary · appointed 1999-06-04 · resigned 1999-06-04
Resigned
ADRIAANSE, Cornelis Thomas→
director · ~75y · appointed 2007-07-30 · resigned 2009-12-31
Resigned
EACOTT, Anthony→
director · ~81y · appointed 1999-06-04 · resigned 2001-07-03
Resigned
HEESEN, Johan Evert Gerhard→
director · ~68y · appointed 2009-12-31 · resigned 2016-12-01
Resigned
PEARCE, Edward→
director · ~73y · appointed 2002-09-25 · resigned 2010-07-01
Resigned
TICCIONI, James→
director · ~82y · appointed 1999-06-04 · resigned 2009-01-28
Resigned
TOAL, William Pollock→
director · ~70y · appointed 2009-01-28 · resigned 2010-05-05
Resigned
COMBINED NOMINEES LIMITED→
corporate-nominee-director · appointed 1999-06-04 · resigned 1999-06-04
Resigned
COMBINED SECRETARIAL SERVICES LIMITED→
corporate-nominee-director · appointed 1999-06-04 · resigned 1999-06-04
Resigned

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

Mortgages & charges

3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property05/07/200709/03/2013
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/01/200102/08/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property27/07/199908/06/2001

Recent filings (100 total)

certificate-change-of-name-company
change-of-name · CERTNM
2026-04-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-05
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-24
confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-08-14
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-29
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-05