WE FRAME IT LTD.

🌳Matureactive
SC231494 · ltd · incorporated 2002-05-14
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£168.2k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). 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

3 live charges · oldest 23.9y

65/100
clean up first

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

  • · Oldest live charge is 23.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 2 with DOB)
76
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 £168,185
Net assets shrinking
Down £32,158 YoY
Cash YoY
+15%
Year on year

Key financials

3 years extracted from filed iXBRL accounts
Cash
£56k
↑ 15% YoY
Net Worth
£168k
↓ 16% YoY
Current Assets
£220k
↓ 9.3% YoY
Current Liabilities
—
£0£54k£109k£163k£217k£271kSept 2023Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-302024-09-302023-09-30
Total assets£290.9k£341.3k£327.4k
Current assets£220.4k£243.1k£271.4k
Cash£55.9k£48.5k£114.1k
Debtors£12.0k£41.7k£8.6k
Net assets£168.2k£200.3k£208.5k

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

🔒Filing-note intelligence

2 signals 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-10-01
    ➕
    ANDERSON, Helga appointed
    director
  4. 2025-03-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-06-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-09-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2017-08-18
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  14. 2017-05-18
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2017-05-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2017-05-13
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  17. 2016-05-23
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2016-03-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2015-06-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2005-10-01
    ➕
    SCOTT, Emma appointed
    secretary
  21. 2005-10-01
    ➖
    HARCUS, Fiona Elizabeth resigned
    secretary
  22. 2002-07-16
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2002-05-14
    🏢
    Company incorporated
    As WE FRAME IT LTD.
  24. 2002-05-14
    ➕
    HILL, Noel Patrick appointed
    director
  25. 2002-05-14
    ➕
    HARCUS, Fiona Elizabeth appointed
    secretary
  26. 2002-05-14
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-secretary
  27. 2002-05-14
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-secretary
  28. 2002-05-14
    ➕
    PETER TRAINER COMPANY SECRETARIES LTD. appointed
    corporate-nominee-director
  29. 2002-05-14
    ➖
    PETER TRAINER COMPANY SECRETARIES LTD. resigned
    corporate-nominee-director
  30. 2002-05-14
    ➕
    PETER TRAINER COMPANY SERVICES LTD. appointed
    corporate-nominee-director
  31. 2002-05-14
    ➖
    PETER TRAINER COMPANY SERVICES LTD. resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

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.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

76/100
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 64. 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 24 years. Very long tenure is a classic succession signal.
  • 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
Mr Noel Patrick Hill
Individual · British · DOB 12/1962 · age 64
75–100%
—75-100% shares06/04/2016

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

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
Incorporated2002-05-14
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

39 Tomnahurich Street
Inverness
IV3 5DU

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (3 active · 4 resigned)

SCOTT, Emma→
secretary · appointed 2005-10-01
View their other companies + combined net worth →
Active
ANDERSON, Helga→
director · ~33y · appointed 2025-10-01
View their other companies + combined net worth →
Active
HILL, Noel Patrick→
director · ~64y · appointed 2002-05-14
View their other companies + combined net worth →
Active
HARCUS, Fiona Elizabeth→
secretary · appointed 2002-05-14 · resigned 2005-10-01
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-secretary · appointed 2002-05-14 · resigned 2002-05-14
Resigned
PETER TRAINER COMPANY SECRETARIES LTD.→
corporate-nominee-director · appointed 2002-05-14 · resigned 2002-05-14
Resigned
PETER TRAINER COMPANY SERVICES LTD.→
corporate-nominee-director · appointed 2002-05-14 · resigned 2002-05-14
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/08/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property13/05/2017—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property16/07/2002—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-19
appoint-person-director-company-with-name-date
officers · AP01
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-28