M A JOINERY (GRAMPIAN) LTD

🌳Matureactive
SC475153 · ltd · incorporated 2014-04-14
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 11.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2024
Net worth
—
book net assets
Opportunity
57/100
Worth a look
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What this business does
Primary activity: Joinery installation
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 57/100 (worth a look), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (38/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 11.7y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
28 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
57/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
45
Concerning — overdue filings or status flags present.
Acquirability
55
Some acquirability indicators.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Apr 2023Apr 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-04-302023-04-30
Average employees200300

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 (20 events)Click to expand
  1. 2025-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-04-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-01-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-04-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-07-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-07-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2021-07-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-06-29
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2020-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-02
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  11. 2020-03-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  12. 2019-01-31
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2018-01-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  14. 2017-01-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2016-04-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-08-18
    🔒
    Charge registered #1
    Lender: Tsb Bank PLC
  18. 2014-04-14
    🏢
    Company incorporated
    As M A JOINERY (GRAMPIAN) LTD
  19. 2014-04-14
    ➕
    ALEXANDER, Diane appointed
    director
  20. 2014-04-14
    ➕
    ALEXANDER, Michael Robert appointed
    director

Owner dependency

71/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
  • +No director turnover: Company is 12 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

44/100
Moderate signal

Some 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 12 years.

Red flags

2 high ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-01-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-04-28

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Robert Alexander
Individual · British · DOB 02/1973 · age 53
25–50%
25–50%board control25-50% shares · 25-50% voting · board control14/04/2017
Mrs Diane Alexander
Individual · British · DOB 08/1982 · age 44
25–50%
25–50%board control25-50% shares · 25-50% voting · board control14/04/2017

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

9 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
Incorporated2014-04-14
Jurisdictionscotland
Primary SIC43320 — Joinery installation

Registered office

Largie
Farm
Insch
Aberdeenshire
AB52 6ND
Scotland

Filing status

Accounts
Next due: 2026-01-31OVERDUE
Last made up to: 2024-04-30
Confirmation statement
Next due: 2026-04-28OVERDUE
Last: 2025-04-14

Officers (2 active · 0 resigned)

ALEXANDER, Diane→
director · ~44y · appointed 2014-04-14
View their other companies + combined net worth →
Active
ALEXANDER, Michael Robert→
director · ~53y · appointed 2014-04-14
View their other companies + combined net worth →
Active

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
Lloyds Banking Group
Tsb Bank PLC
A registered charge—18/08/2014—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (28 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-20
accounts-with-accounts-type-micro-entity
accounts · AA
2021-07-14
gazette-filings-brought-up-to-date
gazette · DISS40
2021-07-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-02
gazette-notice-compulsory
gazette · GAZ1
2021-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-22
accounts-with-accounts-type-micro-entity
accounts · AA
2020-05-27
gazette-filings-brought-up-to-date
gazette · DISS40
2020-05-02