NIMMO JOINERY LIMITED

🌳Matureactive
SC279513 · ltd · incorporated 2005-02-07
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
—
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Turnover
—
year to Feb 2025
Net worth
£11.0k
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Asset-holding vehicle with a 61-year-old founder — textbook succession opportunity.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -73% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
61 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
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
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £10,959
Net assets shrinking
Down £57,328 YoY
Cash draining
Cash down 73% YoY
Cash YoY
-73%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£32k
↓ 73% YoY
Net Worth
£11k
↓ 84% YoY
Current Assets
£62k
↓ 68% YoY
Current Liabilities
—
£0£39k£79k£118k£158k£197kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-02-282024-02-29
Total assets£19.9k£77.1k
Current assets£62.2k£197.2k
Cash£32.4k£118.9k
Debtors£21.8k£71.3k
Net assets£11.0k£68.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  3. 2024-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-08-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2022-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-06-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-07-16
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2019-05-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-06-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-05-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-04-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-07-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-05-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2005-02-08
    ➖
    BRIGHTON SECRETARY LTD resigned
    corporate-nominee-secretary
  17. 2005-02-08
    ➖
    BRIGHTON DIRECTOR LTD resigned
    corporate-nominee-director
  18. 2005-02-07
    🏢
    Company incorporated
    As NIMMO JOINERY LIMITED
  19. 2005-02-07
    ➕
    KING, James appointed
    secretary
  20. 2005-02-07
    ➕
    HENDRIE, Ian appointed
    director
  21. 2005-02-07
    ➕
    KING, James appointed
    director
  22. 2005-02-07
    ➕
    BRIGHTON SECRETARY LTD appointed
    corporate-nominee-secretary
  23. 2005-02-07
    ➕
    BRIGHTON DIRECTOR LTD appointed
    corporate-nominee-director

Owner dependency

76/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

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 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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
Mr Ian Hendrie
Individual · British · DOB 11/1965 · age 61
25–50%
—25-50% shares06/04/2016
Mr James King
Individual · British · DOB 03/1975 · age 51
25–50%
—25-50% shares06/04/2016

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
Incorporated2005-02-07
Jurisdictionscotland
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

8 Summerlee Road
Etna Industrial Estate, Craigneuk
Wishaw
ML2 7XB
Scotland

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-14
Last: 2025-06-30

Officers (3 active · 2 resigned)

KING, James→
secretary · appointed 2005-02-07
View their other companies + combined net worth →
Active
HENDRIE, Ian→
director · ~61y · appointed 2005-02-07
View their other companies + combined net worth →
Active
KING, James→
director · ~51y · appointed 2005-02-07
View their other companies + combined net worth →
Active
BRIGHTON SECRETARY LTD→
corporate-nominee-secretary · appointed 2005-02-07 · resigned 2005-02-08
Resigned
BRIGHTON DIRECTOR LTD→
corporate-nominee-director · appointed 2005-02-07 · resigned 2005-02-08
Resigned

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

Recent filings (61 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-02
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-06
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-07-16
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-16