TILLY CONFECTIONERY LIMITED

🌳Matureactive

SC346717 · ltd · incorporated 2008-08-07

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

—

book net assets

Opportunity

79/100

Strong

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What this business does

Primary activity: SIC 10822

Sector: Manufacturing

Investor take

Pursue

Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 6 lenders · oldest 17.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 17.6 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· 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

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

7 officers (6 active, 7 linked, 6 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

69 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

79/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31
Average employees	3300

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (34 events)Click to expand

2025-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-08
➖
WILSON, Ronald John resigned
director
2025-01-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-20
🔒
Charge registered #8
Lender: Hsbc UK Bank PLC
2023-10-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-04
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-07
📄
change-account-reference-date-company-current-extended
accounts · AA01
2019-08-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-08-19
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2019-07-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2017-07-01
➕
MORRISSEY, Lauren Anne Dickson appointed
director
2017-07-01
➕
PATERSON, Keir Campbell appointed
director
2017-07-01
➕
WILSON, Ronald John appointed
director
2013-06-18
🔒
Charge registered #7
Lender: Hsbc Bank PLC
2013-06-17
🔒
Charge registered #6
Lender: Hsbc Asset Finance (UK) Limited
2013-06-17
🔒
Charge registered #5
Lender: Hsbc Equipment Finance (UK) Limited
2013-06-07
🔒
Charge registered #4
Lender: Hsbc Bank PLC
2013-06-07
🔒
Charge registered #3
Lender: Hsbc Bank PLC
2013-06-07
🔓
Charge satisfied #1
2013-05-28
🔒
Charge registered #2
Lender: Hsbc Invoice Finance (UK) Limited
2008-10-24
🔒
Charge registered #1
Lender: Lloyds Tsb Commercial Finance Limited
2008-08-07
🏢
Company incorporated
As TILLY CONFECTIONERY LIMITED
2008-08-07
➕
HAMILTON, Corinne appointed
secretary
2008-08-07
➕
PATERSON, Blair appointed
director
2008-08-07
➕
PATERSON, Elisabeth appointed
director
2008-08-07
➕
PATERSON, Peter Keir appointed
director

Owner dependency

73/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 74 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

83/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 18 years.
secondaryStable-but-static management: Company is 18 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

1 low

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Blair Paterson Individual · British · DOB 04/1984 · age 42	25–50%	25–50%	25-50% shares · 25-50% voting	01/07/2016
Mrs Elisabeth Paterson Individual · British · DOB 03/1953 · age 73	25–50%	25–50%	25-50% shares · 25-50% voting	01/07/2016
Mr Peter Keir Paterson Individual · British · DOB 03/1952 · age 74	25–50%	25–50%	25-50% shares · 25-50% voting	01/07/2016

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

8 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

Incorporated2008-08-07

Jurisdictionscotland

Primary SIC10822 — SIC 10822

Registered office

Central Park

5 Central Boulevard

Larbert

FK5 4RU

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-08-29

Last: 2025-08-15