VEGWARE HOLDINGS LTD
🏛️Establishedactive
SC535704 · ltd · incorporated 2016-05-18
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 9.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: Non-specialised wholesale trade
Sector: Wholesale & retail
Investor take
PursueStrong opportunity: active trading company with strong profile and bankable structure.
Opportunity 79/100 (strong), bankability 85/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 9.9y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 9.9 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (57/100)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
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 6 with DOB)
87
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
53 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
65
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
4
filings
- • 2 accounts
- • 2 other
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
- 2026-01-06📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2026-01-06📄legacyaccounts · PARENT_ACC
- 2026-01-06📄legacyother · AGREEMENT2
- 2026-01-06📄legacyother · GUARANTEE2
- 2024-10-31📄memorandum-articlesincorporation · MA
- 2024-10-31📄resolutionresolution · RESOLUTIONS
- 2024-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2023-08-21📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-04-25➖GOLDIN, Lori Beth resigneddirector
- 2022-09-12📄accounts-with-accounts-type-fullaccounts · AA
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-12📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-08-11📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2021-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-11📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-10📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2021-08-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-10📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2021-08-10🔓Charge satisfied #2
- 2021-08-05➕BIKULEGE, Stanley Blaise appointeddirector
- 2021-08-05➕NORMAN, Dennis Edward appointeddirector
- 2021-08-05➖FRANKEL, Jolyon Tobias resigneddirector
- 2021-08-05➕GOLDIN, Lori Beth appointeddirector
- 2021-08-05➖ROBB, David Angus resigneddirector
- 2021-08-05➖WILSON, Keith James resigneddirector
- 2017-08-07🔓Charge satisfied #1
- 2017-06-15🔒Charge registered #2Lender: Santander UK PLC as Security Trustee
- 2017-04-03➕BURNESS PAULL LLP appointedcorporate-secretary
- 2016-06-15🔒Charge registered #1Lender: Close Invoice Finance LTD
- 2016-06-10➕FRANKEL, Jolyon Tobias appointeddirector
- 2016-06-10➕ROBB, David Angus appointeddirector
- 2016-05-18🏢Company incorporatedAs VEGWARE HOLDINGS LTD
- 2016-05-18➕WILSON, Keith James appointeddirector
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Novolex Uk Holdings, Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Novolex Uk Holdings, Ltd
Corporate parent · holds 75-100% shares · board control
⬇
VEGWARE HOLDINGS LTD
This company · SC535704
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Novolex Uk Holdings, Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/08/2021 |
2 historic (ceased) PSCs
- Bradenham Partners Llpceased 05/08/2021· 25-50% shares · 25-50% voting
- Mr Keith James Wilsonceased 05/08/2021· 25-50% shares · 25-50% voting
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
Active · Wholesale & distribution · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| WESTON IMPORTERS LTD.→ SC302951 · est 2006 | £518.01M £388.51M–£647.51M | — | — | 10 | 19y | 84 | 58y |
| J GAS LIMITED→ SC274899 · est 2004 | £15.28M £11.46M–£19.10M | — | — | 72 | 21y | 84 | 61y |
| BEER52 LIMITED→ SC449930 · est 2013 | £13.17M £9.87M–£16.46M | — | — | 84 | 12y | 84 | 69y |
| MACINTYRE SCOTT & CO. LIMITED→ SC017592 · est 1933 | £8.29M £6.21M–£10.36M | £73.38M | — | 6500 | 92y | 83 | 67y |
| NISHA ENTERPRISES LIMITED→ SC193287 · est 1999 | £7.60M £5.70M–£9.51M | £13.56M | — | 8100 | 27y | 87 | 66y |
| SÜDZUCKER UNITED KINGDOM LIMITED→ SC506349 · est 2015 | £3.74M £2.80M–£4.67M | — | — | 800 | 10y | 84 | 66y |
| THISTLE TIMBER AND BUILDING SUPPLIES LIMITED→ SC182761 · est 1998 | £3.10M £2.32M–£3.87M | — | — | 6000 | 28y | 87 | 60y |
| VAPOTHERM UK LTD→ SC370398 · est 2009 | £578.6k £433.9k–£723.2k | — | — | 2000 | 16y | 85 | 63y |
| ST. ANDREWS TIMBER & BUILDING SUPPLIES (HOLDINGS) LIMITED→ SC520551 · est 2015 | £391.4k £293.6k–£489.3k | — | — | 100 | 10y | 84 | 60y |
| ORIGIN FITNESS LIMITED→ SC339149 · est 2008 | £72.4k £54.3k–£90.5k | — | — | 57 | 18y | 98 | 59y |
| DACOLL LIMITED→ SC173001 · est 1997 · no financials extracted | — | — | — | — | 29y | 83 | 93y |
| LOMOND BOOKS LIMITED→ SC317716 · est 2007 | — | — | — | 1600 | 19y | 83 | 59y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2016-05-18
Jurisdictionscotland
Primary SIC46900 — Non-specialised wholesale trade
Registered office
39 Melville Street
Edinburgh
EH3 7JF
United Kingdom
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-13
Last: 2025-08-30
Officers (3 active · 4 resigned)
BURNESS PAULL LLP→
Activecorporate-secretary · appointed 2017-04-03
View their other companies + combined net worth →
BIKULEGE, Stanley Blaise→
Activedirector · ~62y · appointed 2021-08-05
View their other companies + combined net worth →
NORMAN, Dennis Edward→
Activedirector · ~52y · appointed 2021-08-05
View their other companies + combined net worth →
FRANKEL, Jolyon Tobias→
Resigneddirector · ~50y · appointed 2016-06-10 · resigned 2021-08-05
GOLDIN, Lori Beth→
Resigneddirector · ~68y · appointed 2021-08-05 · resigned 2023-04-25
ROBB, David Angus→
Resigneddirector · ~60y · appointed 2016-06-10 · resigned 2021-08-05
WILSON, Keith James→
Resigneddirector · ~65y · appointed 2016-05-18 · resigned 2021-08-05
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Santander Santander UK PLC as Security Trustee | A registered charge | — | 15/06/2017 | 10/08/2021 | |
| satisfied | Close Invoice Finance Close Invoice Finance LTD | A registered charge | — | 15/06/2016 | 07/08/2017 |
Recent filings (53 total)
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-01-06
legacy
accounts · PARENT_ACC
2026-01-06
legacy
other · AGREEMENT2
2026-01-06
legacy
other · GUARANTEE2
2026-01-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-04
memorandum-articles
incorporation · MA
2024-10-31
resolution
resolution · RESOLUTIONS
2024-10-31
accounts-with-accounts-type-full
accounts · AA
2024-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-04
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-30
accounts-with-accounts-type-full
accounts · AA
2023-08-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-07
termination-director-company-with-name-termination-date
officers · TM01
2023-04-26
accounts-with-accounts-type-full
accounts · AA
2022-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-31