INDEPENDENT FIRST (MORTGAGES) LIMITED

🌳Matureactive

SC222336 · ltd · incorporated 2001-08-17

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2024

Net worth

£21.9k

book net assets

Opportunity

80/100

Exceptional

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Other business support service activities n.e.c.

Sector: Administrative & support services

Investor take

Pursue

Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

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

Lenders & charges

Confirmed no charges registered

Directors & officers

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

2 connected companies via shared directors

Filing history

63 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £21,859

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£22k

~ YoY

Current Assets

£22k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-08-31	2023-08-31
Total assets	£21.9k	£21.9k
Current assets	£21.9k	£21.9k
Net assets	£21.9k	£21.9k

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

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (25 events)Click to expand

2025-05-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-31
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-05-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-05-16
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-10-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-06-02
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-15
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-09-01
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-09-03
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-05-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2004-11-01
➕
RAINEY, Edward Higgins appointed
secretary
2004-11-01
➕
RAINEY, Edward Higgins appointed
director
2004-10-31
➖
ABRAHAM, Agnes Blair resigned
secretary
2001-08-17
🏢
Company incorporated
As INDEPENDENT FIRST (MORTGAGES) LIMITED
2001-08-17
➕
ABRAHAM, Scott John appointed
director
2001-08-17
➕
ABRAHAM, Agnes Blair appointed
secretary
2001-08-17
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2001-08-17
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2001-08-17
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2001-08-17
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

86/100

Likely off-market candidate

Strong 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.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 25 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Scott John Abraham Individual · British · DOB 05/1968 · age 58	25–50%	—	25-50% shares	19/07/2016
Mr Edward Higgins Rainey Individual · British · DOB 02/1960 · age 66	25–50%	—	25-50% shares	19/07/2016

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 →

Similar companies

Active · Trade services · PA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
HARLEY & HUDSON LTD→ SC790559 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
HENDERSON TAXATION & ACCOUNTANCY SERVICES LTD→ SC454331 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
HIGHLANDS2HAMMOCKS LTD→ SC721117 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
HOST CONNECT - EDUCATION LTD→ SC847864 · est 2025 · no financials extracted	—	—	—	—	—	—	—
HOWAT'S LAUNDRY SERVICES LTD→ SC777229 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
IMPERIAL LAUNDRY LIMITED→ SC466704 · est 2014 · no financials extracted	—	—	—	—	12y	—	—
IN-WORK ENTERPRISES LTD.→ SC495974 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
INDEPENDENT FINANCIAL ADVICE CENTRE (GLASGOW) LIMITED→ SC317059 · est 2007 · no financials extracted	—	—	—	—	19y	—	—
INSIGHT PROJECT CONTROLS LIMITED→ SC632762 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
INSPIRE INVERARAY→ SC490048 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
INVERCLYDE ADVICE & EMPLOYMENT RIGHTS CENTRE→ SC330936 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
INVERCLYDE CARERS CENTRE→ SC312596 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

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

Incorporated2001-08-17

Jurisdictionscotland

Primary SIC82990 — Other business support service activities n.e.c.

Registered office

Mirren Court One

119 Renfrew Road

Paisley

PA3 4EA

Scotland

Filing status

Accounts

Next due: 2026-05-31

Last made up to: 2024-08-31

Confirmation statement

Next due: 2026-08-05

Last: 2025-07-22

Officers (3 active · 3 resigned)

RAINEY, Edward Higgins→

secretary · appointed 2004-11-01

View their other companies + combined net worth →

Active

ABRAHAM, Scott John→

director · ~58y · appointed 2001-08-17

View their other companies + combined net worth →

Active

RAINEY, Edward Higgins→

director · ~66y · appointed 2004-11-01

View their other companies + combined net worth →

Active

ABRAHAM, Agnes Blair→

secretary · appointed 2001-08-17 · resigned 2004-10-31

Resigned

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2001-08-17 · resigned 2001-08-17

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2001-08-17 · resigned 2001-08-17

Resigned

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