W. JOHNSTONE & SONS LIMITED

🌳Matureactive
SC251742 · ltd · incorporated 2003-06-25
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Plumbing, heat and air-conditioning installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 73/100 (strong), bankability 70/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 21.8y

65/100
clean up first

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

  • · Oldest live charge is 21.8 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 (79/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (4 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
64 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
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£0Jun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-06-302024-06-30
Average employees131200

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-07-05
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2023-07-05
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2023-05-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  8. 2023-05-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-05-11
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-05-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2022-04-01
    ➕
    JOHNSTONE, Jack Charlie appointed
    director
  13. 2022-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-09-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2021-03-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2020-03-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2019-03-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-03-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2004-09-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2003-06-29
    ➕
    JOHNSTONE, Kay appointed
    secretary
  21. 2003-06-29
    ➕
    JOHNSTONE, Kay appointed
    director
  22. 2003-06-29
    ➕
    JOHNSTONE, Mark William appointed
    director
  23. 2003-06-29
    ➖
    YORK PLACE COMPANY SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  24. 2003-06-29
    ➖
    YORK PLACE COMPANY NOMINEES LIMITED resigned
    corporate-nominee-director
  25. 2003-06-25
    🏢
    Company incorporated
    As W. JOHNSTONE & SONS LIMITED
  26. 2003-06-25
    ➕
    YORK PLACE COMPANY SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2003-06-25
    ➕
    YORK PLACE COMPANY NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "JOHNSTONE" — 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.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

35/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — JOHNSTONE, Jack Charlie (same surname) appointed 2022-04-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • 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.

Red flags

1 high ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-07-09

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Jack Charlie Johnstone
Individual · British · DOB 04/1995 · age 31
75–100%
75–100%board control75-100% shares · 75-100% voting · board control01/07/2023
2 historic (ceased) PSCs
  • Mr Mark William Johnstoneceased 01/07/2023· 25-50% shares · 25-50% voting · board control
  • Mrs Kay Johnstoneceased 01/07/2023· 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.

🔒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

8 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
Incorporated2003-06-25
Jurisdictionscotland
Primary SIC43220 — Plumbing, heat and air-conditioning installation

Registered office

23 George Street
Dumfries
DG1 1EA
United Kingdom

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-07-09OVERDUE
Last: 2025-06-25

Officers (4 active · 2 resigned)

JOHNSTONE, Kay→
secretary · appointed 2003-06-29
View their other companies + combined net worth →
Active
JOHNSTONE, Jack Charlie→
director · ~31y · appointed 2022-04-01
View their other companies + combined net worth →
Active
JOHNSTONE, Kay→
director · ~55y · appointed 2003-06-29
View their other companies + combined net worth →
Active
JOHNSTONE, Mark William→
director · ~65y · appointed 2003-06-29
View their other companies + combined net worth →
Active
YORK PLACE COMPANY SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2003-06-25 · resigned 2003-06-29
Resigned
YORK PLACE COMPANY NOMINEES LIMITED→
corporate-nominee-director · appointed 2003-06-25 · resigned 2003-06-29
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property08/09/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (64 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-05
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-07-05
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-26
change-person-secretary-company-with-change-date
officers · CH03
2023-05-11
change-person-director-company-with-change-date
officers · CH01
2023-05-11
change-person-director-company-with-change-date
officers · CH01
2023-05-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-27
appoint-person-director-company-with-name-date
officers · AP01
2022-05-04