PLOWMAN'S CARPETS LTD

🌳Matureactive

SC247979 · ltd · incorporated 2003-04-17

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

approaching window · 12-months

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

· Oldest live charge 23.0y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£301.8k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 58). 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

1 live charge · oldest 23.0y

65/100

clean up first

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

· Oldest live charge is 23.0 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: 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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

4 officers (3 active, 4 linked, 2 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

54 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 · accounting standard not declared

Positive net assets

Net assets £301,759

Cash YoY

-6%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£180k

↓ 6.0% YoY

Net Worth

£302k

↑ 13% YoY

Current Assets

£321k

↑ 21% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£312.3k	£276.2k
Current assets	£321.3k	£264.9k
Cash	£179.7k	£191.0k
Debtors	£117.9k	£57.5k
Net assets	£301.8k	£266.8k

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

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-17
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-06-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-03
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-06-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-07-18
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-05-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-04-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-08-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-04-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2003-06-26
🔒
Charge registered #1
Lender: The Governor and Company of the Bank of Scotland
2003-04-17
🏢
Company incorporated
As PLOWMAN'S CARPETS LTD
2003-04-17
➕
PLOWMAN, Katrina Mary appointed
secretary
2003-04-17
➕
PLOWMAN, Alan appointed
director
2003-04-17
➕
PLOWMAN, Katrina Mary appointed
director
2003-04-17
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2003-04-17
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

99/100

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.
+Founder name in company name: Company name contains director surname "PLOWMAN" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 58 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100

Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 23 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mrs Katrina Mary Plowman Individual · British · DOB 10/1969 · age 57	25–50%	—	25-50% shares	15/04/2017
Mr Alan Plowman Individual · British · DOB 02/1968 · age 58	25–50%	—	25-50% shares	15/04/2017

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

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.

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Company details

Statusactive

Typeltd

Incorporated2003-04-17

Jurisdictionscotland

Primary SIC47530 — Retail sale of carpets, rugs, wall and floor coverings in specialised stores

Registered office

2 Girnigoe Street

Wick

Caithness

KW1 4HH

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-05-01

Last: 2026-04-17

Officers (3 active · 1 resigned)

PLOWMAN, Katrina Mary→

secretary · appointed 2003-04-17

View their other companies + combined net worth →

Active

PLOWMAN, Alan→

director · ~58y · appointed 2003-04-17

View their other companies + combined net worth →

Active

PLOWMAN, Katrina Mary→

director · ~57y · appointed 2003-04-17

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2003-04-17 · resigned 2003-04-17

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	26/06/2003	—

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