DUNCAN YACHT CHANDLERS LIMITED

🌳Matureactive
SC265044 · ltd · incorporated 2004-03-17
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 21.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does

Likely a retail chandlery business serving the sailing and boating community in Scotland, selling marine supplies, equipment, and nautical goods to yacht owners and sailors, though the generic SIC code suggests the precise retail mix may extend beyond specialist marine products.

Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 21.6y

65/100
clean up first

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

  • · Oldest live charge is 21.6 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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
72 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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£0Sept 2024Sept 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-09-302024-09-30
Average employees500500

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
1
filing
  • • 1 accounts
Last 90 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-05-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-08
    📄
    second-filing-notification-of-a-person-with-significant-control
    persons-with-significant-control · RP04PSC01
  4. 2024-06-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-11-27
    📄
    capital-cancellation-shares
    capital · SH06
  6. 2023-11-27
    📄
    capital-return-purchase-own-shares
    capital · SH03
  7. 2023-11-22
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2023-07-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-07-08
    ➖
    ALLAN, John resigned
    director
  10. 2023-06-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2022-06-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2019-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2019-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2019-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2019-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2019-03-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2004-11-01
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2004-09-20
    ➕
    FOURDRAIN, Nathalie appointed
    director
  21. 2004-09-20
    ➕
    ALLAN, John appointed
    director
  22. 2004-03-17
    🏢
    Company incorporated
    As DUNCAN YACHT CHANDLERS LIMITED
  23. 2004-03-17
    ➕
    LIVINGSTON, Debra June appointed
    secretary
  24. 2004-03-17
    ➕
    MEHARRY, William appointed
    director
  25. 2004-03-17
    ➕
    RENNIE, Charles Kenneth appointed
    director
  26. 2004-03-17
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  27. 2004-03-17
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  28. 2004-03-17
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  29. 2004-03-17
    ➖
    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
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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
NameSharesVoting rightsNature of controlNotified
William Meharry
Individual · British · DOB 03/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Charles Kenneth Rennie
Individual · British · DOB 11/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2004-03-17
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

216 West George Street
Glasgow
G2 2PQ

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-03-31
Last: 2026-03-17

Officers (4 active · 3 resigned)

LIVINGSTON, Debra June→
secretary · appointed 2004-03-17
View their other companies + combined net worth →
Active
FOURDRAIN, Nathalie→
director · ~58y · appointed 2004-09-20
View their other companies + combined net worth →
Active
MEHARRY, William→
director · ~53y · appointed 2004-03-17
View their other companies + combined net worth →
Active
RENNIE, Charles Kenneth→
director · ~60y · appointed 2004-03-17
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-03-17 · resigned 2004-03-17
Resigned
ALLAN, John→
director · ~51y · appointed 2004-09-20 · resigned 2023-07-08
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-03-17 · resigned 2004-03-17
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 property01/11/2004—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-05-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
second-filing-notification-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC01
2025-04-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-14
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-29
capital-cancellation-shares
capital · SH06
2023-11-27
capital-return-purchase-own-shares
capital · SH03
2023-11-27
resolution
resolution · RESOLUTIONS
2023-11-22
termination-director-company-with-name-termination-date
officers · TM01
2023-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-30