HUNWICK ASSOCIATES LTD

💤Zombieactive
SC226464 · ltd · incorporated 2001-12-19
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 2024
Net worth
£57.0k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Support activities to performing arts
Sector: Arts, entertainment & recreation
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. 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).

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
Confirmed no charges registered
85
Directors & officers
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £56,990

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£57k
↑ 58% YoY
Current Assets
£136k
↑ 24% YoY
Current Liabilities
—
£0£27k£54k£82k£109k£136kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£57.0k£36.1k
Current assets£136.2k£110.1k
Net assets£57.0k£36.1k

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
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-06-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-09-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2020-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-07-31
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2019-07-31
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2019-02-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2018-09-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-03-19
    📄
    resolution
    resolution · RESOLUTIONS
  16. 2018-01-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  17. 2017-12-31
    ➖
    HUGHES, Nicholas resigned
    secretary
  18. 2001-12-19
    🏢
    Company incorporated
    As HUNWICK ASSOCIATES LTD
  19. 2001-12-19
    ➕
    MACLEOD, Maryam appointed
    director
  20. 2001-12-19
    ➕
    HUGHES, Nicholas appointed
    secretary
  21. 2001-12-19
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-secretary
  22. 2001-12-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-secretary
  23. 2001-12-19
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-director
  24. 2001-12-19
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-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 24 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 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.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 24 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Maryam Macleod
Individual · British · DOB 11/1960 · age 66
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
1 historic (ceased) PSC
  • Mr Nicholas Hughesceased 28/12/2017· 25-50% shares · 25-50% voting

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

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
Incorporated2001-12-19
Jurisdictionscotland
Primary SIC90020 — Support activities to performing arts

Registered office

44 Howe Street
Edinburgh
EH3 6HT
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28

Officers (1 active · 3 resigned)

MACLEOD, Maryam→
director · ~66y · appointed 2001-12-19
View their other companies + combined net worth →
Active
HUGHES, Nicholas→
secretary · appointed 2001-12-19 · resigned 2017-12-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-secretary · appointed 2001-12-19 · resigned 2001-12-19
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-director · appointed 2001-12-19 · resigned 2001-12-19
Resigned

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

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-28
change-person-director-company-with-change-date
officers · CH01
2025-11-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-20
change-person-director-company-with-change-date
officers · CH01
2025-11-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-05
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-17