ANGUS HEATHERS LIMITED
💤Zombieactive
SC201814 · ltd · incorporated 1999-11-24
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 Jun 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: SIC 46220
Sector: Wholesale & retail
Investor take
PursueActive trading company with a 66-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). 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
2 live charges · 2 lenders · oldest 10.4y
30/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 10.4 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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
4 officers (1 active, 4 linked, 2 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
68 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-06-30 | 2024-06-30 |
|---|---|---|
| Average employees | 100 | 100 |
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 accounts
Last 90 days
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
- 2026-03-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-08-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-15📄gazette-filings-brought-up-to-dategazette · DISS40
- 2023-05-30📄gazette-notice-compulsorygazette · GAZ1
- 2022-12-07📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-07📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-11-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-17➖STURROCK, Catherine Ann resignedsecretary
- 2021-07-17➖STURROCK, Catherine Ann resigneddirector
- 2020-05-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-03-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-16📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-12-13📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2015-12-15🔒Charge registered #2Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2015-11-26🔒Charge registered #1Lender: Clydesdale Bank PLC
- 1999-11-24🏢Company incorporatedAs ANGUS HEATHERS LIMITED
- 1999-11-24➕STURROCK, David appointeddirector
- 1999-11-24➕STURROCK, Catherine Ann appointedsecretary
- 1999-11-24➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1999-11-24➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1999-11-24➕STURROCK, Catherine Ann appointeddirector
Owner dependency
100/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 66 — succession pressure is live.
Succession & seller-readiness
95/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr David Sturrock Individual · British · DOB 03/1960 · age 66 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
1 historic (ceased) PSC
- Mrs Catherine Ann Sturrockceased 17/07/2021· 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 · Wholesale & distribution · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AYDYA LIMITED→ SC367967 · est 2009 | £6.95M £5.21M–£8.69M | — | — | 21 | 16y | 83 | 56y |
| LOWS OF DUNDEE LIMITED→ SC100628 · est 1986 | £1.26M £946.7k–£1.58M | — | — | 24 | 39y | 85 | 89y |
| BUCKLER BOOTS LIMITED→ SC182006 · est 1998 | — | — | — | 20 | 28y | 83 | 82y |
| ABF WORKSPACE LIMITED→ SC394840 · est 2011 | — | — | — | 3 | 15y | 82 | 58y |
| DWK OFFICE SOLUTIONS LIMITED→ SC258582 · est 2003 | — | — | — | 300 | 22y | 82 | 67y |
| KCEL LTD→ SC836968 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| LARGO MG LTD→ SC841828 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| POTATO DEVELOPMENTS LIMITED→ SC773791 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| QUINTA KAMADO LIMITED→ SC517717 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| RENEWABLE ENERGY COMPLIANCE LTD→ SC809880 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TAYSIDE MACHINERY LIMITED→ SC106211 · est 1987 · no financials extracted | — | — | — | — | 38y | — | — |
| TAYSLIDE DOORS LIMITED→ SC797849 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
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
Incorporated1999-11-24
Jurisdictionscotland
Primary SIC46220 — SIC 46220
Registered office
14 City Quay
Dundee
Angus
DD1 3JA
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-12-08
Last: 2025-11-24
Officers (1 active · 3 resigned)
STURROCK, David→
Activedirector · ~66y · appointed 1999-11-24
View their other companies + combined net worth →
STURROCK, Catherine Ann→
Resignedsecretary · appointed 1999-11-24 · resigned 2021-07-17
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1999-11-24 · resigned 1999-11-24
STURROCK, Catherine Ann→
Resigneddirector · ~63y · appointed 1999-11-24 · resigned 2021-07-17
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 15/12/2015 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 1 property | 26/11/2015 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (68 total)
accounts-with-accounts-type-dormant
accounts · AA
2026-03-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-02
gazette-filings-brought-up-to-date
gazette · DISS40
2023-07-15
gazette-notice-compulsory
gazette · GAZ1
2023-05-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-12-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2022-12-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-09
termination-director-company-with-name-termination-date
officers · TM01
2021-12-07
termination-secretary-company-with-name-termination-date
officers · TM02
2021-12-07