NORSCOT JOINERY (HOLDINGS) LIMITED

💤Zombieactive
SC471217 · ltd · incorporated 2014-02-28
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2025
Net worth
£676.8k
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and bankable structure.

Opportunity 73/100 (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: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 11.1y

30/100
under pressure

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

  • · Oldest live charge is 11.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
6 officers (1 active, 6 linked, 6 with DOB)
90
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
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 £676,789
Very low cash
Cash position: £25
Net assets shrinking
Down £138,129 YoY
Cash YoY
+0%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£25
~ YoY
Net Worth
£677k
↓ 17% YoY
Current Assets
£25
~ YoY
Current Liabilities
—
£0£163k£326k£489k£652k£815kJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£777.4k£915.6k
Current assets£25£25
Cash£25£25
Net assets£676.8k£814.9k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-01-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  5. 2023-07-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2023-07-03
    🔒
    Charge registered #5
    Lender: Together Commercial Finance Limited
  7. 2023-07-03
    🔒
    Charge registered #4
    Lender: Together Commercial Finance Limited
  8. 2023-06-26
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  9. 2023-06-26
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2023-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2023-06-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2023-06-23
    ➕
    WANG, Tom Yuda appointed
    director
  17. 2023-06-23
    ➖
    BODY, Carrie Jane resigned
    director
  18. 2023-06-23
    ➖
    BODY, John Paul resigned
    director
  19. 2023-06-23
    ➖
    BODY, Peter John resigned
    director
  20. 2023-06-23
    ➖
    FRASER, Jason Alexander resigned
    director
  21. 2023-06-23
    ➖
    GRANT, Callum Downs resigned
    director
  22. 2023-05-02
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  23. 2022-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-02-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2022-02-22
    🔓
    Charge satisfied #3
  26. 2022-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2022-02-17
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  28. 2022-02-17
    🔓
    Charge satisfied #2
  29. 2022-02-17
    🔓
    Charge satisfied #1
  30. 2021-11-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2015-09-30
    ➕
    BODY, Carrie Jane appointed
    director
  32. 2015-09-30
    ➕
    BODY, John Paul appointed
    director
  33. 2015-09-30
    ➕
    FRASER, Jason Alexander appointed
    director
  34. 2015-09-30
    ➕
    GRANT, Callum Downs appointed
    director
  35. 2015-06-18
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  36. 2015-04-20
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  37. 2015-04-20
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  38. 2014-02-28
    🏢
    Company incorporated
    As NORSCOT JOINERY (HOLDINGS) LIMITED
  39. 2014-02-28
    ➕
    BODY, Peter John appointed
    director

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

1st Fsd Group Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
1st Fsd Group Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
NORSCOT JOINERY (HOLDINGS) LIMITED
This company · SC471217

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%
NameSharesVoting rightsNature of controlNotified
1st Fsd Group Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control23/06/2023
1 historic (ceased) PSC
  • Mr Peter John Bodyceased 23/06/2023· 25-50% shares

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

Similar companies

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—£567.3k—12y7862y
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—£3.1k—10y7859y
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—£2—18y7643y
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———024y8164y
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————54y7882y
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———4005y7862y
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———2007y7766y
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————1y7665y
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—————7677y
CLOUSTON HOLDINGS LTD→
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—————7569y
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
Incorporated2014-02-28
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Bower Workshops
Bower
Wick
KW1 4TL

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-03-14
Last: 2026-02-28

Officers (1 active · 5 resigned)

WANG, Tom Yuda→
director · ~49y · appointed 2023-06-23
View their other companies + combined net worth →
Active
BODY, Carrie Jane→
director · ~46y · appointed 2015-09-30 · resigned 2023-06-23
Resigned
BODY, John Paul→
director · ~62y · appointed 2015-09-30 · resigned 2023-06-23
Resigned
BODY, Peter John→
director · ~80y · appointed 2014-02-28 · resigned 2023-06-23
Resigned
FRASER, Jason Alexander→
director · ~57y · appointed 2015-09-30 · resigned 2023-06-23
Resigned
GRANT, Callum Downs→
director · ~66y · appointed 2015-09-30 · resigned 2023-06-23
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property03/07/2023—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge1 property03/07/2023—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property18/06/201522/02/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—20/04/201517/02/2022
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—20/04/201517/02/2022
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-01-12
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-04
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-07-04
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-06-26
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-06-26
appoint-person-director-company-with-name-date
officers · AP01
2023-06-26
termination-director-company-with-name-termination-date
officers · TM01
2023-06-26
termination-director-company-with-name-termination-date
officers · TM01
2023-06-26
termination-director-company-with-name-termination-date
officers · TM01
2023-06-26
termination-director-company-with-name-termination-date
officers · TM01
2023-06-26