KORWAY HOLDINGS LIMITED

🌳Matureactive
SC257416 · ltd · incorporated 2003-10-10
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 21.3y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 21.3y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 21.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (61/100)

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
No iXBRL financials extracted
0
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
21 officers (3 active, 21 linked, 14 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
109 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
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

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 (59 events)Click to expand
  1. 2026-04-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  2. 2025-07-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-06-30
    KEE, Adrian Kean Foong resigned
    director
  4. 2025-05-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-04-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2023-04-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2022-09-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2022-09-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2022-08-31
    KEE, Adrian Kean Foong appointed
    director
  10. 2022-08-31
    WILDMAN, Paul Michael resigned
    director
  11. 2022-05-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2022-05-11
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  13. 2022-05-09
    CAHILL, Raymond Gerrard appointed
    secretary
  14. 2022-04-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2022-04-14
    CHATZOPOULOS, Georgios resigned
    secretary
  16. 2021-06-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2021-06-10
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2021-06-07
    CHATZOPOULOS, Georgios appointed
    secretary
  19. 2021-01-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2020-12-24
    SCHOFIELD, Rosalyn Sharon resigned
    secretary
  21. 2020-06-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  22. 2020-03-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  23. 2020-03-02
    📄
    change-person-director-company-with-change-date
    officers · CH01
  24. 2019-06-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2015-10-26
    HENDERSON, Stephen appointed
    director
  26. 2015-03-27
    WHITE, Simon Paul resigned
    director
  27. 2015-03-27
    WILDMAN, Paul Michael appointed
    director
  28. 2008-07-16
    STRAUB, Sven resigned
    director
  29. 2008-07-16
    WHITE, Simon Paul appointed
    director
  30. 2008-05-29
    🔓
    Charge satisfied #1
  31. 2007-09-05
    MAYHEW, Andrew James appointed
    director
  32. 2007-09-05
    PATTNI, Jilesh Hirji resigned
    secretary
  33. 2007-09-05
    SCHOFIELD, Rosalyn Sharon appointed
    secretary
  34. 2007-09-05
    PATHAK, Kirit Kumar resigned
    director
  35. 2007-09-05
    PATHAK, Neeraj Kirit resigned
    director
  36. 2007-09-05
    STRAUB, Sven appointed
    director
  37. 2007-03-31
    PAGE, David Anthony resigned
    director
  38. 2005-01-28
    COLLINS, Paul resigned
    secretary
  39. 2005-01-28
    PATTNI, Jilesh Hirji appointed
    secretary
  40. 2005-01-28
    COLLINS, Paul resigned
    director
  41. 2005-01-28
    CRAWFORD, Gordon Mcinnes resigned
    director
  42. 2005-01-28
    DAGLISH, Ian Grant resigned
    director
  43. 2005-01-28
    JONES, Michael William resigned
    director
  44. 2005-01-28
    LAIDLAW, John Robert resigned
    director
  45. 2005-01-28
    PAGE, David Anthony appointed
    director
  46. 2005-01-28
    PATHAK, Kirit Kumar appointed
    director
  47. 2005-01-28
    PATHAK, Neeraj Kirit appointed
    director
  48. 2005-01-28
    🔒
    Charge registered #1
    Lender: National Westminster Bank PLC
  49. 2004-01-10
    CRAWFORD, Gordon Mcinnes appointed
    director
  50. 2004-01-10
    DAGLISH, Ian Grant appointed
    director
Showing most recent 50 of 59 events

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 19 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

59/100
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.
  • secondary12+ year tenure: Director in role 19 years.
  • 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.)

Group structure

Ab World Foods Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Ab World Foods Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
KORWAY HOLDINGS LIMITED
This company · SC257416

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Ab World Foods Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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
Incorporated2003-10-10
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

Miller Samuel Llp
Rwf House, Renfield Street
Glasgow
G2 5EZ

Filing status

Accounts
Next due: 2027-06-15
Last made up to: 2025-09-13
Confirmation statement
Next due: 2026-10-16
Last: 2025-10-02

Officers (3 active · 18 resigned)

CAHILL, Raymond Gerrard
secretary · appointed 2022-05-09
View their other companies + combined net worth →
Active
HENDERSON, Stephen
director · ~55y · appointed 2015-10-26
View their other companies + combined net worth →
Active
MAYHEW, Andrew James
director · ~56y · appointed 2007-09-05
View their other companies + combined net worth →
Active
CHATZOPOULOS, Georgios
secretary · appointed 2021-06-07 · resigned 2022-04-14
Resigned
COLLINS, Paul
secretary · appointed 2003-10-31 · resigned 2005-01-28
Resigned
PATTNI, Jilesh Hirji
secretary · appointed 2005-01-28 · resigned 2007-09-05
Resigned
SCHOFIELD, Rosalyn Sharon
secretary · appointed 2007-09-05 · resigned 2020-12-24
Resigned
BRIAN REID LTD.
corporate-nominee-secretary · appointed 2003-10-10 · resigned 2003-10-10
Resigned
COLLINS, Paul
director · ~80y · appointed 2003-10-31 · resigned 2005-01-28
Resigned
CRAWFORD, Gordon Mcinnes
director · ~76y · appointed 2004-01-10 · resigned 2005-01-28
Resigned
DAGLISH, Ian Grant
director · ~73y · appointed 2004-01-10 · resigned 2005-01-28
Resigned
JONES, Michael William
director · ~89y · appointed 2003-10-31 · resigned 2005-01-28
Resigned
KEE, Adrian Kean Foong
director · ~49y · appointed 2022-08-31 · resigned 2025-06-30
Resigned
LAIDLAW, John Robert
director · ~90y · appointed 2003-10-31 · resigned 2005-01-28
Resigned
PAGE, David Anthony
director · ~79y · appointed 2005-01-28 · resigned 2007-03-31
Resigned
PATHAK, Kirit Kumar
director · ~74y · appointed 2005-01-28 · resigned 2007-09-05
Resigned
PATHAK, Neeraj Kirit
director · ~49y · appointed 2005-01-28 · resigned 2007-09-05
Resigned
STRAUB, Sven
director · ~60y · appointed 2007-09-05 · resigned 2008-07-16
Resigned
WHITE, Simon Paul
director · ~56y · appointed 2008-07-16 · resigned 2015-03-27
Resigned
WILDMAN, Paul Michael
director · ~68y · appointed 2015-03-27 · resigned 2022-08-31
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
National Westminster Bank
National Westminster Bank PLC
Floating charge1 property28/01/200529/05/2008

Recent filings (109 total)

accounts-with-accounts-type-dormant
accounts · AA
2026-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
termination-director-company-with-name-termination-date
officers · TM01
2025-07-03
accounts-with-accounts-type-dormant
accounts · AA
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-04
accounts-with-accounts-type-dormant
accounts · AA
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-06
accounts-with-accounts-type-dormant
accounts · AA
2023-04-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-05
termination-director-company-with-name-termination-date
officers · TM01
2022-09-01
appoint-person-director-company-with-name-date
officers · AP01
2022-09-01
accounts-with-accounts-type-dormant
accounts · AA
2022-05-16
appoint-person-secretary-company-with-name-date
officers · AP03
2022-05-11
termination-secretary-company-with-name-termination-date
officers · TM02
2022-04-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-08