SINCLAIR'S OF RHYNIE LIMITED

🌳Matureactive
SC314515 · ltd · incorporated 2007-01-11
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 15.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£1.17M
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Manufacture of bread; manufacture of fresh pastry goods and cakes
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 62). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

1 live charge · oldest 15.4y

65/100
clean up first

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

  • · Oldest live charge is 15.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
1 charges (1/1 with lender, 1/1 with type)
90
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
55 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,170,930
Cash YoY
+4%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£649k
↑ 3.8% YoY
Net Worth
£1.2m
↑ 1.8% YoY
Current Assets
£1.2m
↑ 1.5% YoY
Current Liabilities
—
£0£234k£468k£703k£937k£1.2mJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-01-312024-01-31
Total assets£1.28M£1.26M
Current assets£1.15M£1.14M
Cash£649.0k£625.4k
Debtors£474.8k£482.5k
Net assets£1.17M£1.15M

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
1
filing
  • • 1 confirmation-statement
Last 180 days
6
filings
  • • 2 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2026-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  2. 2026-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2026-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2020-10-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-12-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2018-12-10
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2018-12-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2018-12-10
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2018-12-10
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2010-12-05
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  19. 2007-01-11
    🏢
    Company incorporated
    As SINCLAIR'S OF RHYNIE LIMITED
  20. 2007-01-11
    ➕
    DUFFUS, Wilma appointed
    secretary
  21. 2007-01-11
    ➕
    DUFFUS, Alan appointed
    director
  22. 2007-01-11
    ➕
    DUFFUS, Wilma appointed
    director
  23. 2007-01-11
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  24. 2007-01-11
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  25. 2007-01-11
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  26. 2007-01-11
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

84/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

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.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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
Mrs Wilma Duffus
Individual · British · DOB 09/1964 · age 62
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Alan Duffus
Individual · British · DOB 04/1968 · age 58
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

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
Incorporated2007-01-11
Jurisdictionscotland
Primary SIC10710 — Manufacture of bread; manufacture of fresh pastry goods and cakes

Registered office

55-57 West High Street
Inverurie
AB51 3QQ

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-01-25
Last: 2026-01-11

Officers (3 active · 2 resigned)

DUFFUS, Wilma→
secretary · appointed 2007-01-11
View their other companies + combined net worth →
Active
DUFFUS, Alan→
director · ~58y · appointed 2007-01-11
View their other companies + combined net worth →
Active
DUFFUS, Wilma→
director · ~62y · appointed 2007-01-11
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2007-01-11 · resigned 2007-01-11
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2007-01-11 · resigned 2007-01-11
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
Virgin Money
Clydesdale Bank PLC
Floating charge1 property05/12/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (55 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-20
change-person-director-company-with-change-date
officers · CH01
2026-01-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-20
change-person-director-company-with-change-date
officers · CH01
2026-01-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-01-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-26
confirmation-statement-with-updates
confirmation-statement · CS01
2021-01-11