THE MALT WHISKY COMPANY LIMITED

🌳Matureactive

SC270220 · ltd · incorporated 2004-07-02

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 Jul 2025

Net worth

£1.06M

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 46342

Sector: Wholesale & retail

Investor take

Pursue

Asset-holding vehicle with a 70-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -36% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 12.0y

45/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 12.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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

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

Ownership & PSC

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

Director network

3 connected companies via shared directors

Filing history

64 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 £1,056,901

Net assets shrinking

Down £28,047 YoY

Cash YoY

-36%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£240k

↓ 36% YoY

Net Worth

£1.1m

↓ 2.6% YoY

Current Assets

£1.0m

↓ 3.1% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Total assets	£1.06M	£1.09M
Current assets	£1.04M	£1.07M
Cash	£240.3k	£378.0k
Debtors	£685.1k	£579.6k
Net assets	£1.06M	£1.08M

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

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (22 events)Click to expand

2025-12-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-04-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-04-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-05-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-05-25
🔓
Charge satisfied #1
2018-04-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-01-23
📄
change-person-director-company-with-change-date
officers · CH01
2018-01-23
📄
change-person-director-company-with-change-date
officers · CH01
2017-10-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-05-16
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-04-27
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-06-04
🔒
Charge registered #1
Lender: Barclays Bank PLC
2010-06-30
➕
NICKERSON, Wilma appointed
director
2010-06-30
➖
NICKERSON, Wilma resigned
secretary
2004-07-02
🏢
Company incorporated
As THE MALT WHISKY COMPANY LIMITED
2004-07-02
➕
NICKERSON, Stuart appointed
director
2004-07-02
➕
NICKERSON, Wilma appointed
secretary

Owner dependency

91/100

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.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 70 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
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

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart Nickerson Individual · Scottish · DOB 09/1956 · age 70	25–50%	—	25-50% shares	06/04/2016
Mrs Wilma Nickerson Individual · Scottish · DOB 01/1959 · age 67	25–50%	—	25-50% shares	06/04/2016

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.

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Similar companies

Active · Wholesale & distribution · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FINDONY LIMITED→ SC170191 · est 1996	£27.35M £20.51M–£34.19M	£37.40M	—	13400	29y	87	59y
SIMON HOWIE BUTCHERS LIMITED→ SC248591 · est 2003	£26.78M £20.09M–£33.48M	£37.40M	—	13400	23y	84	65y
GL DAMECK LIMITED→ SC314389 · est 2007	£4.40M £3.30M–£5.50M	—	—	38	19y	85	59y
SHORE LAMINATES LIMITED→ SC131630 · est 1991	£3.16M £2.37M–£3.95M	—	—	31	35y	83	65y
DAMECK HOLDINGS LIMITED→ SC298814 · est 2006	£1.85M £1.39M–£2.32M	—	—	—	20y	83	93y
ASI BRANDS LIMITED→ SC167312 · est 1996 · no financials extracted	—	—	—	—	29y	83	93y
CHOCOLATE AND LOVE LTD→ SC367078 · est 2009	—	—	—	3	16y	83	58y
DIRECT PET SUPPLIES LIMITED→ SC192165 · est 1998	—	—	—	4	27y	83	61y
GLENALMOND TIMBER COMPANY LIMITED→ SC109190 · est 1988	—	—	—	2000	38y	83	64y
GLENEARN FLOORING OF PERTH LIMITED→ SC151685 · est 1994	—	—	—	1000	31y	83	79y
BRIAN DOOLE GOLF LIMITED→ SC289970 · est 2005	—	—	—	300	20y	82	64y
LETTERFINLAY CATERING EQUIPMENT LTD.→ SC192223 · est 1998	—	—	£4.7k	—	27y	82	77y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

7 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.

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🔒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

Incorporated2004-07-02

Jurisdictionscotland

Primary SIC46342 — SIC 46342

Registered office

56 Druids Park

Murthly

Perth

Scotland

PH1 4EJ

United Kingdom

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2026-07-15

Last: 2025-07-01

Officers (2 active · 1 resigned)

NICKERSON, Stuart→

director · ~70y · appointed 2004-07-02

View their other companies + combined net worth →

Active

NICKERSON, Wilma→

director · ~67y · appointed 2010-06-30

View their other companies + combined net worth →

Active

NICKERSON, Wilma→

secretary · appointed 2004-07-02 · resigned 2010-06-30

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
	satisfied	Barclays Barclays Bank PLC	A registered charge	—	04/06/2014	25/05/2018