THJ (MACHINERY) LIMITED

🌳Matureactive

SC500223 · ltd · incorporated 2015-03-11

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£2.26M

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 46610

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 10.6y

70/100

ready

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

· Oldest live charge is 10.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· 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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (6 active, 6 linked, 5 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

38 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £2,259,253

Cash YoY

+3391%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£208k

↑ 3391% YoY

Net Worth

£2.3m

↑ 6.1% YoY

Current Assets

£4.0m

↑ 1.5% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£2.87M	£2.77M
Current assets	£4.02M	£3.96M
Cash	£208.1k	£6.0k
Debtors	£618.6k	£860.1k
Net assets	£2.26M	£2.13M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 90 days

filings

• 2 persons-with-significant-control
• 1 confirmation-statement

Last 180 days

filings

• 2 confirmation-statement
• 2 persons-with-significant-control

Counts from Companies House filing history.

Corporate timeline (26 events)Click to expand

2026-04-28
📄
replacement-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP01CS01
2026-04-27
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-27
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-06-19
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-08
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-04-19
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-04-12
🔒
Charge registered #3
Lender: National Westminster Bank PLC
2023-04-17
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-04-07
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-05-18
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-23
📄
change-person-director-company-with-change-date
officers · CH01
2020-09-30
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-09-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-04-04
🔒
Charge registered #2
Lender: Ulster Bank Limited
2018-02-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-04-28
📄
resolution
resolution · RESOLUTIONS
2015-10-07
🔒
Charge registered #1
Lender: Ulster Bank Limited
2015-04-07
➕
JENKINSON, Paul Mathew appointed
director
2015-04-03
➕
JENKINSON, Jeffrey Robert George appointed
director
2015-04-03
➕
JENKINSON, Neal Samuel Joseph appointed
director
2015-04-02
➕
JENKINSON, Carol appointed
secretary
2015-03-11
🏢
Company incorporated
As THJ (MACHINERY) LIMITED
2015-03-11
➕
JENKINSON, Carol appointed
director
2015-03-11
➕
JENKINSON, Thomas Henry appointed
director

Owner dependency

63/100

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.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
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

Name	Shares	Voting rights	Nature of control	Notified
Mrs Carol Jenkinson Individual · British · DOB 09/1952 · age 74	25–50%	25–50%	25-50% shares · 25-50% voting	18/12/2016
Mr Tom Jenkinson Individual · British · DOB 04/1944 · age 82	25–50%	25–50%	25-50% shares · 25-50% voting	18/12/2016

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

Similar companies

Active · Wholesale & distribution · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DURACARE LIMITED→ SC550705 · est 2016	£8.14M £6.11M–£10.18M	—	—	5900	9y	84	76y
NOBEL NC EUROPE LIMITED→ SC355464 · est 2009	£5.56M £4.17M–£6.95M	—	—	9	17y	85	81y
NOBEL TRADING LIMITED→ SC245627 · est 2003	£4.40M £3.30M–£5.50M	—	—	0	23y	85	81y
COASTLINE ADHESIVE TAPES LIMITED→ SC163345 · est 1996	—	—	£1.01M	—	30y	83	65y
GCBW CATRINE LTD→ SC022403 · est 1943 · no financials extracted	—	—	—	—	82y	83	74y
INTER DEPENDENT PURCHASING LIMITED→ SC290783 · est 2005	—	—	£165.9k	—	20y	83	63y
A. DEWAR RATTRAY LIMITED→ SC021038 · est 1939	—	—	£1.02M	—	86y	82	87y
CUNNINGHAM TRUCK PARTS LIMITED→ SC285268 · est 2005	—	—	£1.01M	—	20y	82	58y
IDENTIFICATION TECHNOLOGIES (SCOTLAND) LIMITED→ SC137822 · est 1992	—	—	£94.2k	—	34y	82	65y
JOHN DAWSON BUTCHERS LIMITED→ SC245500 · est 2003	—	—	—	1600	23y	82	58y
JOHN H MCNAE LTD.→ SC294906 · est 2005	—	—	—	1600	20y	82	78y
NOVA DOG CHEWS LIMITED→ SC283109 · est 2005 · no financials extracted	—	—	—	—	21y	82	59y

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 →

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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

Incorporated2015-03-11

Jurisdictionscotland

Primary SIC46610 — SIC 46610

Registered office

1 Seaford Street

Kilmarnock

KA1 2BZ

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-12-19

Last: 2025-12-05