HENDRIE & KERR LIMITED

🌳Matureactive
SC457350 · ltd · incorporated 2013-08-21
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
—
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Turnover
—
year to Aug 2024
Net worth
£636.8k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: SIC 35110
Sector: Electricity, gas & energy
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 11.5y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 11.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (77/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
27 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 · FRS 102
Positive net assets
Net assets £636,820
Net assets shrinking
Down £1,101 YoY
Cash YoY
-16%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£572k
↓ 16% YoY
Net Worth
£637k
~ YoY
Current Assets
£645k
↓ 14% YoY
Current Liabilities
—
£0£150k£300k£450k£601k£751kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Total assets£636.8k£637.9k
Current assets£645.4k£750.6k
Cash£571.9k£677.9k
Debtors£73.5k£72.7k
Net assets£636.8k£637.9k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (21 events)Click to expand
  1. 2025-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-09-28
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2020-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-12-20
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2018-12-17
    🔒
    Charge registered #2
    Lender: E.on Climate & Renewables UK Developments Limited
  11. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-05-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-05-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-10-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-05-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-12-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2014-11-27
    🔒
    Charge registered #1
    Lender: E.on Climate & Renewables UK Developments Limited
  18. 2013-08-21
    🏢
    Company incorporated
    As HENDRIE & KERR LIMITED
  19. 2013-08-21
    ➕
    KERR, Alvean appointed
    secretary
  20. 2013-08-21
    ➕
    KERR, Alvean appointed
    director
  21. 2013-08-21
    ➕
    KERR, Walter William appointed
    director

Owner dependency

96/100
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.
  • +Founder name in company name: Company name contains director surname "KERR" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +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
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 13 years.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Alvean Kerr
Individual · British · DOB 04/1964 · age 62
50–75%
—50-75% shares01/07/2016

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

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.

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Company details

Statusactive
Typeltd
Incorporated2013-08-21
Jurisdictionscotland
Primary SIC35110 — SIC 35110

Registered office

Craigskean Farm
Carrick Hills
Maybole
KA19 8EL
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-09-04
Last: 2025-08-21

Officers (3 active · 0 resigned)

KERR, Alvean→
secretary · appointed 2013-08-21
View their other companies + combined net worth →
Active
KERR, Alvean→
director · ~62y · appointed 2013-08-21
View their other companies + combined net worth →
Active
KERR, Walter William→
director · ~65y · appointed 2013-08-21
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
E.on Climate & Renewables UK Developments
E.on Climate & Renewables UK Developments Limited
A registered charge3 properties17/12/2018—
outstanding
E.on Climate & Renewables UK Developments
E.on Climate & Renewables UK Developments Limited
A registered charge1 property27/11/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (27 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-24
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-30