FIFE SHUTTERS LIMITED
🌳Matureactive
SC240232 · ltd · incorporated 2002-11-27
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 Nov 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
PursueActive trading company with a 69-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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 | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Average employees | 700 | 700 |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
- 2025-09-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-12-11📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-12-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-08-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-08-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-30➕PENNYCOOK, Geoffrey appointeddirector
- 2021-08-30➕PENNYCOOK, Valerie Frances appointeddirector
- 2021-08-30➖PENNYCOOK, Edward Matcham resigneddirector
- 2021-08-30➖PENNYCOOK, Mavis resigneddirector
- 2021-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-30📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-08-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-08-30📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2021-08-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-09-08📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-08-16📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2003-02-07➕PENNYCOOK, Geoffrey appointedsecretary
- 2003-02-07➖PENNYCOOK, Mavis resignedsecretary
- 2002-11-27🏢Company incorporatedAs FIFE SHUTTERS LIMITED
- 2002-11-27➕PENNYCOOK, Mavis appointedsecretary
- 2002-11-27➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2002-11-27➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2002-11-27➕PENNYCOOK, Edward Matcham appointeddirector
- 2002-11-27➕PENNYCOOK, Mavis appointeddirector
Owner dependency
81/100
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
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondaryStable-but-static management: Company is 23 years old and no new directors in the last 3 years — succession not yet being planned internally.
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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Geoffrey Pennycook Individual · British · DOB 04/1957 · age 69 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 30/08/2021 |
3 historic (ceased) PSCs
- Mrs Valerie Frances Pennycookceased 26/11/2023· 25-50% shares · 25-50% voting
- Mr Edward Matcham Pennycookceased 30/08/2021· 25-50% shares · 25-50% voting · board control
- Mrs Mavis Pennycookceased 30/08/2021· 25-50% shares · 25-50% voting · board control
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| LETS CREATE 3D LTD→ SC874442 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
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| MCDONALD WATER STORAGE LTD→ SC023339 · est 1945 · no financials extracted | — | — | — | — | 80y | — | — |
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| MHOR ENERGY LIMITED→ SC622222 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MONGOOSE PLASTICS LIMITED→ SC081787 · est 1983 · no financials extracted | — | — | — | — | 43y | — | — |
| MORGAN JAMES BESPOKE LTD→ SC624114 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| MORGAN JOINERY SERVICES LIMITED→ SC612828 · est 2018 · no financials extracted | — | — | — | — | 7y | — | — |
| MOZOLOWSKI & MURRAY (SCOTLAND) LIMITED→ SC144432 · est 1993 · no financials extracted | — | — | — | — | 32y | — | — |
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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
Incorporated2002-11-27
Jurisdictionscotland
Primary SIC28990 — SIC 28990
Registered office
C/O Paterson Boyd & Co
18 North Street
Glenrothes
Fife
KY7 5NA
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26
Officers (3 active · 4 resigned)
PENNYCOOK, Geoffrey→
Activesecretary · appointed 2003-02-07
View their other companies + combined net worth →
PENNYCOOK, Geoffrey→
Activedirector · ~69y · appointed 2021-08-30
View their other companies + combined net worth →
PENNYCOOK, Valerie Frances→
Activedirector · ~68y · appointed 2021-08-30
View their other companies + combined net worth →
PENNYCOOK, Mavis→
Resignedsecretary · appointed 2002-11-27 · resigned 2003-02-07
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2002-11-27 · resigned 2002-11-27
PENNYCOOK, Edward Matcham→
Resigneddirector · ~97y · appointed 2002-11-27 · resigned 2021-08-30
PENNYCOOK, Mavis→
Resigneddirector · ~95y · appointed 2002-11-27 · resigned 2021-08-30
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
2026-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-30
termination-director-company-with-name-termination-date
officers · TM01
2021-08-30
termination-director-company-with-name-termination-date
officers · TM01
2021-08-30