TERNION JOINERY LIMITED

🌳Matureactive
SC292238 · ltd · incorporated 2005-10-25
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 20.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£17.7k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 65/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 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

4 live charges · 2 lenders · oldest 20.6y

50/100
clean up first

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

  • · Oldest live charge is 20.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (70/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £17,665

Key financials

1 year extracted from filed iXBRL accounts
Cash
£1k
Net Worth
£18k
Current Assets
£222k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-26
Total assets£52.1k
Current assets£221.6k
Cash£1.5k
Debtors£217.1k
Net assets£17.7k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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. 2025-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-26
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  3. 2024-09-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-09-25
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-26
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  8. 2021-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-03-19
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2020-12-22
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  12. 2019-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2016-09-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2007-11-28
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  17. 2007-11-28
    🔒
    Charge registered #3
    Lender: The Natural House Company Scotland Limited
  18. 2006-05-18
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  19. 2005-11-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  20. 2005-10-25
    🏢
    Company incorporated
    As TERNION JOINERY LIMITED
  21. 2005-10-25
    ➕
    MCADAM, Andrew Neil appointed
    secretary
  22. 2005-10-25
    ➕
    MCADAM, Andrew Neil appointed
    director
  23. 2005-10-25
    ➕
    ROSE, Neil Macmurray appointed
    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 62 — 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 62. 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 Neil Macmurray Rose
Individual · British · DOB 11/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Andrew Neil Mcadam
Individual · British · DOB 01/1969 · age 57
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

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
Incorporated2005-10-25
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

28a St. John Street
Galashiels
TD1 3JX

Filing status

Accounts
Next due: 2026-09-26
Last made up to: 2024-12-26
Confirmation statement
Next due: 2026-11-08
Last: 2025-10-25

Officers (3 active · 0 resigned)

MCADAM, Andrew Neil→
secretary · appointed 2005-10-25
View their other companies + combined net worth →
Active
MCADAM, Andrew Neil→
director · ~57y · appointed 2005-10-25
View their other companies + combined net worth →
Active
ROSE, Neil Macmurray→
director · ~62y · appointed 2005-10-25
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
4
Outstanding
2
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/11/2007—
outstanding
The Natural House Company Scotland
The Natural House Company Scotland Limited
Standard security1 property28/11/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/05/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/11/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
change-account-reference-date-company-previous-shortened
accounts · AA01
2025-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-09-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-30
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-03-19