NICOLL ASSOCIATES LIMITED

🌳Matureactive
SC280142 · ltd · incorporated 2005-02-17
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£236.2k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 93290Other amusement and recreation activities n.e.c.
Investor take
Pursue
Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 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
2 connected companies via shared directors
51
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
80
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 £236,168

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£236k
↑ 6.3% YoY
Current Assets
£85k
↑ 25% YoY
Current Liabilities
—
£0£47k£94k£142k£189k£236kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£255.3k£245.8k
Current assets£85.3k£68.0k
Net assets£236.2k£222.1k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2026-03-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2025-02-07
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2024-02-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2024-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2024-02-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2024-01-09
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2023-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2023-03-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2022-12-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2022-03-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-03-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  15. 2018-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2005-02-17
    🏢
    Company incorporated
    As NICOLL ASSOCIATES LIMITED
  17. 2005-02-17
    ➕
    NICOLL, Louise Marion appointed
    secretary
  18. 2005-02-17
    ➕
    NICOLL, Graeme appointed
    director
  19. 2005-02-17
    ➕
    NICOLL, Louise Marion appointed
    director
  20. 2005-02-17
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  21. 2005-02-17
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  22. 2005-02-17
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  23. 2005-02-17
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "NICOLL" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • 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
Ms Louise Marion Nicoll
Individual · British · DOB 03/1973 · age 53
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Graeme Nicoll
Individual · British · DOB 12/1960 · age 66
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.

🔒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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——£71.0k—25y8268y
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——£5.5k—17y8260y
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——£574.5k—18y8266y
LINDSAY STREET PROPERTIES LIMITED→
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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.

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
Incorporated2005-02-17
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

C/O Johnston Carmichael
15 Academy Street
Forfar
Angus
DD8 2HA
Scotland

Filing status

Accounts
Next due: 2026-12-30
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-03-12
Last: 2026-02-26

Officers (3 active · 2 resigned)

NICOLL, Louise Marion→
secretary · appointed 2005-02-17
View their other companies + combined net worth →
Active
NICOLL, Graeme→
director · ~66y · appointed 2005-02-17
View their other companies + combined net worth →
Active
NICOLL, Louise Marion→
director · ~53y · appointed 2005-02-17
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2005-02-17 · resigned 2005-02-17
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2005-02-17 · resigned 2005-02-17
Resigned

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

Recent filings (60 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-03-13
change-person-director-company-with-change-date
officers · CH01
2026-03-13
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-23
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-05
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-16
gazette-filings-brought-up-to-date
gazette · DISS40
2024-02-28
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-27
gazette-notice-compulsory
gazette · GAZ1
2024-02-27
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-01-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-20
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-21