PROJECT NICOLA LIMITED
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
2 live charges · 2 lenders · oldest 6.1y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (74/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2023-11-30 |
|---|---|
| Average employees | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
4 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
Corporate timeline (17 events)Click to expand
- 2025-08-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-03-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-03-31📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-05-13📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-08-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-07-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-07-03🔓Charge satisfied #1
- 2020-07-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-06-25🔒Charge registered #2Lender: Bibby Invoice Discounting Limited
- 2020-03-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-03-17📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2020-03-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-03-09📄resolutionresolution · RESOLUTIONS
- 2020-03-06🔒Charge registered #1Lender: Leumi Abl Limited
- 2019-11-12🏢Company incorporatedAs PROJECT NICOLA LIMITED
- 2019-11-12➕HUSKIE, Kevin John appointeddirector
- 2019-11-12📄incorporation-companyincorporation · NEWINC
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +No director turnover: Company is 6 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Kevin John Huskie Individual · Scottish · DOB 06/1981 · age 45 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 12/11/2019 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (1 active · 0 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bibby Financial Services Bibby Invoice Discounting Limited | A registered charge | 1 property | 25/06/2020 | — | |
| satisfied | Leumi Abl Leumi Abl Limited | A registered charge | 1 property | 06/03/2020 | 03/07/2020 |