CLANDEC LTD.

🌳Matureactive
SC290052 · ltd · incorporated 2005-09-08
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 13.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Painting
Sector: Construction
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 67). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 13.6y

85/100
ready

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

  • · Oldest live charge is 13.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

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, 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
9 officers (4 active, 9 linked, 7 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
73 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
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£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Average employees6600

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (31 events)Click to expand
  1. 2026-05-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-04-27
    ➖
    SMITH, Avril resigned
    director
  3. 2026-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-02-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-01-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-01-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-02-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-01-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2020-02-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-11-29
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  14. 2017-11-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  15. 2017-11-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  16. 2017-03-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2013-08-05
    ➖
    MACGREGOR, Wendy Patricia resigned
    secretary
  18. 2013-08-05
    ➖
    MACGREGOR, Colin James resigned
    director
  19. 2013-08-05
    ➖
    MACGREGOR, Wendy Patricia resigned
    director
  20. 2013-04-09
    ➕
    WILLIAMS, Maggie appointed
    secretary
  21. 2012-10-01
    🔒
    Charge registered #1
    Lender: Lloyds Tsb Commercial Finance Limited
  22. 2009-08-01
    ➕
    WHITTON, Susan Margaret appointed
    director
  23. 2009-08-01
    ➕
    MACGREGOR, Wendy Patricia appointed
    director
  24. 2009-08-01
    ➕
    SMITH, Avril appointed
    director
  25. 2007-06-13
    ➖
    MILNE, David Ellis Murray resigned
    director
  26. 2005-09-08
    🏢
    Company incorporated
    As CLANDEC LTD.
  27. 2005-09-08
    ➕
    SMITH, William Robert appointed
    director
  28. 2005-09-08
    ➕
    WHITTON, James Ness appointed
    director
  29. 2005-09-08
    ➕
    MACGREGOR, Wendy Patricia appointed
    secretary
  30. 2005-09-08
    ➕
    MACGREGOR, Colin James appointed
    director
  31. 2005-09-08
    ➕
    MILNE, David Ellis Murray appointed
    director

Owner dependency

83/100
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
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 67. Approaching typical UK retirement age — succession thinking likely.
  • 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 William Robert Smith
Individual · British · DOB 05/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017
Mr James Ness Whitton
Individual · British · DOB 08/1959 · age 67
25–50%
25–50%25-50% shares · 25-50% voting05/05/2017

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

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
Incorporated2005-09-08
Jurisdictionscotland
Primary SIC43341 — Painting

Registered office

Unit 1 Plot 6
Elliot Industrial Estate Peasiehill Road
Arbroath
Angus
DD11 2NJ

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2027-05-19
Last: 2026-05-05

Officers (4 active · 5 resigned)

WILLIAMS, Maggie→
secretary · appointed 2013-04-09
View their other companies + combined net worth →
Active
SMITH, William Robert→
director · ~67y · appointed 2005-09-08
View their other companies + combined net worth →
Active
WHITTON, James Ness→
director · ~67y · appointed 2005-09-08
View their other companies + combined net worth →
Active
WHITTON, Susan Margaret→
director · ~65y · appointed 2009-08-01
View their other companies + combined net worth →
Active
MACGREGOR, Wendy Patricia→
secretary · appointed 2005-09-08 · resigned 2013-08-05
Resigned
MACGREGOR, Colin James→
director · ~68y · appointed 2005-09-08 · resigned 2013-08-05
Resigned
MACGREGOR, Wendy Patricia→
director · ~66y · appointed 2009-08-01 · resigned 2013-08-05
Resigned
MILNE, David Ellis Murray→
director · ~75y · appointed 2005-09-08 · resigned 2007-06-13
Resigned
SMITH, Avril→
director · ~64y · appointed 2009-08-01 · resigned 2026-04-27
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
Lloyds Tsb Commercial Finance Limited
Bond & floating charge1 property01/10/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (73 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-13
termination-director-company-with-name-termination-date
officers · TM01
2026-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-05-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-02
change-person-director-company-with-change-date
officers · CH01
2021-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-06