FYNEPAX INDUSTRIAL SUPPLIES LIMITED
🌳Matureactive
SC312661 · ltd · incorporated 2006-11-28
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 Nov 2024
Net worth
£389.9k
book net assets
Opportunity
76/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: asset-holding vehicle with strong profile and bankable structure.
Opportunity 76/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -51% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (58/100).
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
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
54 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £389,873
Cash draining
Cash down 51% YoY
Cash YoY
-51%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£81k
↓ 51% YoY
Net Worth
£390k
↑ 14% YoY
Current Assets
£509k
↑ 10% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £398.8k | £356.1k |
| Current assets | £508.5k | £461.3k |
| Cash | £80.9k | £164.7k |
| Debtors | £317.4k | £184.7k |
| Net assets | £389.9k | £341.1k |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
- 2025-05-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-20📄change-person-director-company-with-change-dateofficers · CH01
- 2024-06-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-05-08📄change-person-director-company-with-change-dateofficers · CH01
- 2024-03-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-12📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-11📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-01📄memorandum-articlesincorporation · MA
- 2023-12-01📄resolutionresolution · RESOLUTIONS
- 2023-12-01📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-11-30➕HENDERSON, Blair Scott appointeddirector
- 2023-11-30➖MCCORMACK, Julie resignedsecretary
- 2023-11-30➕HAMILTON, Blair Scott appointeddirector
- 2023-11-30➖HAMILTON, Blair Scott resigneddirector
- 2023-11-30📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-30📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-11-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-01-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-02-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-24📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2020-11-20➖AITKEN, George resignedsecretary
- 2020-11-20➕MCCORMACK, Julie appointedsecretary
- 2020-11-20📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-02-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2006-11-28🏢Company incorporatedAs FYNEPAX INDUSTRIAL SUPPLIES LIMITED
- 2006-11-28➕WHITEMAN, Allan Wallace appointeddirector
- 2006-11-28➕AITKEN, George appointedsecretary
- 2006-11-28➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2006-11-28➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
Owner dependency
68/100
High — earn-out structure requiredMaterial 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 19 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
49/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 19 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Blair Henderson Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Blair Henderson Limited
Corporate parent · holds 75-100% shares · board control
⬇
FYNEPAX INDUSTRIAL SUPPLIES LIMITED
This company · SC312661
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Blair Henderson Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/11/2023 |
1 historic (ceased) PSC
- Mr Allan Wallace Whitemanceased 30/11/2023· 75-100% shares
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Wholesale & distribution · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FERGUSON WHISKY LIMITED→ SC705544 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FH WHOLESALE LIMITED→ SC841041 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIRST HALAL MEAT LTD→ SC707980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FKBTEX LIMITED→ SC884014 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FOLOG LTD→ SC858557 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FORNAX TRADING LIMITED→ SC709904 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FTRE GLASGOW LTD→ SC676535 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| FULL STOP PERIOD WEAR LTD→ SC793072 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FUSIONTEL LTD→ SC804980 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| FUTURTEC LTD→ SC819125 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| G & KM LIMITED→ SC666877 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| GAASCH PACKAGING (UK) LIMITED→ SC214065 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
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
Incorporated2006-11-28
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade
Registered office
4 Royal Crescent
Glasgow
G3 7SL
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-12
Last: 2025-11-28
Officers (2 active · 4 resigned)
HENDERSON, Blair Scott→
Activedirector · ~27y · appointed 2023-11-30
View their other companies + combined net worth →
WHITEMAN, Allan Wallace→
Activedirector · ~55y · appointed 2006-11-28
View their other companies + combined net worth →
AITKEN, George→
Resignedsecretary · appointed 2006-11-28 · resigned 2020-11-20
MCCORMACK, Julie→
Resignedsecretary · appointed 2020-11-20 · resigned 2023-11-30
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-11-28 · resigned 2006-11-28
HAMILTON, Blair Scott→
Resigneddirector · ~27y · appointed 2023-11-30 · resigned 2023-11-30
Click a director name to see their full track record across all companies.
Recent filings (54 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-12-20
change-person-director-company-with-change-date
officers · CH01
2024-12-20
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-06-04
change-person-director-company-with-change-date
officers · CH01
2024-05-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-14
appoint-person-director-company-with-name-date
officers · AP01
2023-12-12
termination-director-company-with-name-termination-date
officers · TM01
2023-12-11
memorandum-articles
incorporation · MA
2023-12-01
resolution
resolution · RESOLUTIONS
2023-12-01
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-12-01
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
termination-secretary-company-with-name-termination-date
officers · TM02
2023-11-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-30