DANIC LIGHTING LIMITED

🌳Matureactive

SC226617 · ltd · incorporated 2001-12-28

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 23.8y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£-29.1k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Wholesale of furniture, carpets and lighting equipment

Sector: Wholesale & retail

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 80). 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 (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 23.8y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 23.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

5 officers (3 active, 5 linked, 2 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

Network not yet resolved

Filing history

71 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

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

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Negative net assets

Liabilities exceed assets by £29,053

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

-£29k

↓ 16% YoY

Current Assets

£481k

↑ 6.0% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2024-12-31	2023-12-31
Total assets	£-6.3k	£-5.9k
Current assets	£480.7k	£453.3k
Net assets	£-29.1k	£-25.0k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2025-09-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-17
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-01-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-10-12
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-01-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-10-08
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-01-19
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-10
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-04-14
🔓
Charge satisfied #1
2006-12-20
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2003-01-01
➕
FERGUSON, David James appointed
secretary
2002-09-17
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2002-01-01
➕
FERGUSON, David James appointed
director
2001-12-28
🏢
Company incorporated
As DANIC LIGHTING LIMITED
2001-12-28
➕
FERGUSON, David appointed
director
2001-12-28
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2001-12-28
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2001-12-28
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2001-12-28
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

91/100

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 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

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 80 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr David James Ferguson Individual · British · DOB 03/1980 · age 46	50–75%	—	50-75% shares	01/05/2016

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

Similar companies

Active · Wholesale & distribution · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALLIANCE SANITARY PRODUCTS LIMITED→ SC261393 · est 2004	£8.86M £6.65M–£11.08M	—	—	2900	22y	86	69y
FAILTE FOOD SERVICE LIMITED→ SC275128 · est 2004	£7.59M £5.69M–£9.48M	—	—	71	21y	85	66y
WESTSIDE DISTRIBUTION HOLDINGS LIMITED→ SC648056 · est 2019	£5.77M £4.33M–£7.21M	—	—	27	6y	84	67y
WESTSIDE DISTRIBUTION LIMITED→ SC365971 · est 2009	£5.77M £4.33M–£7.21M	—	—	27	16y	88	67y
WILLIAM MORTON LIMITED→ SC056257 · est 1974	£5.23M £3.93M–£6.54M	—	—	141	51y	85	74y
SOUTHEAST TRADERS LIMITED→ SC235763 · est 2002	£4.00M £3.00M–£5.01M	—	—	26	23y	88	67y
SCO-FRO GROUP LIMITED→ SC057644 · est 1975	£2.74M £2.06M–£3.43M	—	—	20	51y	95	72y
D MCNAIR (BUILDERS MERCHANTS) LIMITED→ SC089357 · est 1984	£2.35M £1.76M–£2.93M	—	—	69	41y	85	63y
EAGLE TUBE AND FLANGES LIMITED→ SC084811 · est 1983	£2.14M £1.60M–£2.67M	—	—	1400	42y	83	70y
LEESHUN CATERING SUPPLIES LTD→ SC346276 · est 2008	£811.1k £608.3k–£1.01M	—	—	13	17y	83	69y
ANDREW MCDICKEN LIMITED→ SC034095 · est 1959	—	—	£8.7k	—	67y	83	63y
ASTRA HYGIENE SUPPLIES LIMITED→ SC122088 · est 1989	—	—	£335.1k	—	36y	83	81y

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.

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Company details

Statusactive

Typeltd

Incorporated2001-12-28

Jurisdictionscotland

Primary SIC46470 — Wholesale of furniture, carpets and lighting equipment

Registered office

Unit 102 25 Clydesmill Road

Clydesmill Industrial Estate

Glasgow

G32 8RE

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-01-11

Last: 2025-12-28

Officers (3 active · 2 resigned)

FERGUSON, David James→

secretary · appointed 2003-01-01

View their other companies + combined net worth →

Active

FERGUSON, David James→

director · ~46y · appointed 2002-01-01

View their other companies + combined net worth →

Active

FERGUSON, David→

director · ~80y · appointed 2001-12-28

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2001-12-28 · resigned 2001-12-28

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2001-12-28 · resigned 2001-12-28

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	20/12/2006	—
	satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	17/09/2002	14/04/2011

Click column headers to sort. Use filters above to narrow by status and lender.