R.D. MCFARLANE AND NICOLS LTD.

🌳Matureactive
SC245770 · ltd · incorporated 2003-03-17
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 Mar 2025
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Other human health activities
Sector: Human health & social work
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (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
75
Lenders & charges
Confirmed no charges registered
85
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
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
78 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees141400

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
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 officers
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-12-23
    RICHMOND, Douglas resigned
    director
  2. 2025-12-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-09-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-03-24
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2025-03-24
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  6. 2025-03-24
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  7. 2025-03-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-03-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-02-25
    📄
    capital-cancellation-shares
    capital · SH06
  10. 2025-02-11
    📄
    capital-return-purchase-own-shares
    capital · SH03
  11. 2024-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-11-04
    STEIN, Elaine Baird resigned
    secretary
  13. 2024-11-04
    STEIN, Colin Alexander resigned
    director
  14. 2024-11-04
    STEIN, Elaine Baird resigned
    director
  15. 2024-03-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2023-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2022-11-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2020-12-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-03-26
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  23. 2013-04-01
    RICHMOND, Douglas appointed
    director
  24. 2007-07-27
    MCCALL, Iain David appointed
    director
  25. 2005-04-06
    SPRUCE, Richard Paul appointed
    director
  26. 2005-01-14
    STEIN, Elaine Baird appointed
    director
  27. 2003-03-17
    🏢
    Company incorporated
    As R.D. MCFARLANE AND NICOLS LTD.
  28. 2003-03-17
    STEIN, Elaine Baird appointed
    secretary
  29. 2003-03-17
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  30. 2003-03-17
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  31. 2003-03-17
    STEIN, Colin Alexander appointed
    director
  32. 2003-03-17
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  33. 2003-03-17
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

68/100
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 21 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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
NameSharesVoting rightsNature of controlNotified
Mr Richard Paul Spruce
Individual · British · DOB 04/1981 · age 45
2550%
25–50%25-50% shares · 25-50% voting04/11/2024
1 historic (ceased) PSC
  • Mr Colin Alexander Steinceased 02/03/2020· 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

6 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
Incorporated2003-03-17
Jurisdictionscotland
Primary SIC86900 — Other human health activities

Registered office

1 Brodie Avenue
Alloa
FK10 2FE
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (2 active · 6 resigned)

MCCALL, Iain David
director · ~44y · appointed 2007-07-27
View their other companies + combined net worth →
Active
SPRUCE, Richard Paul
director · ~45y · appointed 2005-04-06
View their other companies + combined net worth →
Active
STEIN, Elaine Baird
secretary · appointed 2003-03-17 · resigned 2024-11-04
Resigned
BRIAN REID LTD.
corporate-nominee-secretary · appointed 2003-03-17 · resigned 2003-03-17
Resigned
RICHMOND, Douglas
director · ~67y · appointed 2013-04-01 · resigned 2025-12-23
Resigned
STEIN, Colin Alexander
director · ~71y · appointed 2003-03-17 · resigned 2024-11-04
Resigned
STEIN, Elaine Baird
director · ~72y · appointed 2005-01-14 · resigned 2024-11-04
Resigned
STEPHEN MABBOTT LTD.
corporate-nominee-director · appointed 2003-03-17 · resigned 2003-03-17
Resigned

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

Recent filings (78 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-19
termination-director-company-with-name-termination-date
officers · TM01
2025-12-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-03
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-24
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2025-03-24
withdrawal-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC09
2025-03-24
termination-secretary-company-with-name-termination-date
officers · TM02
2025-03-24
termination-director-company-with-name-termination-date
officers · TM01
2025-03-24
termination-director-company-with-name-termination-date
officers · TM01
2025-03-24
capital-cancellation-shares
capital · SH06
2025-02-25
capital-return-purchase-own-shares
capital · SH03
2025-02-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
change-person-director-company-with-change-date
officers · CH01
2024-03-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-24