ANGUS DECORATING COMPANY LIMITED
📈Growthactive
SC056282 · ltd · incorporated 1974-09-03
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
Why now
Window closing · high confidence
Getting harder to buy — profile has hardened into "growth story" recently.
- · Lifecycle stage: declining → growth
- · Investment thesis: unclassified → growth_story
- · Refinance opportunity: too_messy → clean_up_first
What changed my view
Last 30 days
Picture improved over the last 30 days — 1 positive signal vs 0 negative.
- ↑Lifecycle stage: declining → growth
- ·Investment thesis: unclassified → growth_story
- ·Refinance opportunity: too_messy → clean_up_first
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Painting
Sector: Construction
ALSO REGISTERED FOR
- 43342Glazing
Investor take
PursueConservative operator with a 63-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 45.3y
45/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 45.3 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (86/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
3 years of iXBRL accounts extracted + narrative notes parsed
95
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
123 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
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £591,105
Key financials
3 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-08-31 | 2024-08-31 | 2023-08-31 |
|---|---|---|---|
| Profit before tax | £591.1k | £221.7k | £612.2k |
| Average employees | 65 | 6300 | 6400 |
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
2
filings
- • 1 accounts
- • 1 officers
Last 90 days
3
filings
- • 2 officers
- • 1 accounts
Last 180 days
3
filings
- • 2 officers
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
- 2026-05-28📄accounts-with-accounts-type-fullaccounts · AA
- 2026-05-13➖KENNEDY, Colin resigneddirector
- 2026-05-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-15➖CAMPBELL, Michael resigneddirector
- 2025-05-07📄accounts-with-accounts-type-fullaccounts · AA
- 2024-05-22📄accounts-with-accounts-type-fullaccounts · AA
- 2024-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-20📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-20🔓Charge satisfied #8
- 2024-02-20🔓Charge satisfied #7
- 2024-02-20🔓Charge satisfied #6
- 2024-01-09📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-10-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-10-17📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-31📄accounts-with-accounts-type-fullaccounts · AA
- 2022-05-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-09-08📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2021-05-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-05-06🔓Charge satisfied #5
- 2020-08-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-03-22🔒Charge registered #8Lender: The Royal Bank of Scotland PLC
- 2018-10-17🔓Charge satisfied #2
- 2017-08-25🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2016-11-04🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2006-10-06➕KENNEDY, Stuart appointeddirector
- 2006-10-06➕CAMPBELL, Michael appointeddirector
- 2006-04-12🔓Charge satisfied #3
- 2005-02-14➕STEWART, Tracey appointedsecretary
- 2005-02-14➕STEWART, Tracey appointeddirector
- 2005-02-14➖KENNEDY, Sandra Lavery resignedsecretary
- 2005-02-14➖KENNEDY, Allan resigneddirector
- 2005-02-14➕KENNEDY, Colin appointeddirector
- 2005-02-14➖KENNEDY, Sandra Lavery resigneddirector
- 2002-11-28🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 1995-05-12➖RENNIE, William M resigneddirector
- 1993-12-29🔒Charge registered #3Lender: The Governor and Company of the Bank of Scotland
- 1986-07-24🔓Charge satisfied #1
- 1986-06-04🔒Charge registered #2Lender: The Governor and Company of the Bank of Scotland
- 1986-05-30🔒Charge registered #5Lender: The Governor and Company of the Bank of Scotland
- 1981-03-05🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1974-09-03🏢Company incorporatedAs ANGUS DECORATING COMPANY LIMITED
Owner dependency
76/100
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.
- +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 52 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 med ·2 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: CAMPBELL, Michael resigned 2026-04-15; KENNEDY, Colin resigned 2026-05-13
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Adcl Holdings Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Adcl Holdings Ltd
Corporate parent · holds 75-100% shares · board control
⬇
ANGUS DECORATING COMPANY LIMITED
This company · SC056282
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 |
|---|---|---|---|---|
Adcl Holdings Ltd Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 30/08/2023 |
2 historic (ceased) PSCs
- Mrs Sandra Lavery Kennedyceased 30/08/2023· 25-50% shares · 25-50% voting
- Mr Allan Kennedyceased 30/08/2023· 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 · Construction · DD postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KILMAC LTD→ SC458759 · est 2013 | £6.45M £4.61M–£8.30M | — | — | 16000 | 12y | 84 | 58y |
| GUILD HOMES (TAYSIDE) LTD.→ SC170248 · est 1996 | £2.17M £1.55M–£2.79M | — | — | 34 | 29y | 84 | 63y |
| D J LAING (CONTRACTS) LIMITED→ SC087805 · est 1984 | £1.52M £1.08M–£1.95M | — | — | 57 | 42y | 87 | 79y |
| ROCKNOWE INTERIORS LIMITED→ SC489276 · est 2014 | £634.1k £452.9k–£815.3k | — | — | 1100 | 11y | 85 | 75y |
| FLAGSHIP PROPERTY CARE LIMITED→ SC560189 · est 2017 | £34.1k £24.4k–£43.9k | — | — | 0 | 9y | 83 | 83y |
| DOUBLE KWIK SCAFFOLDING LIMITED→ SC145539 · est 1993 | — | — | — | — | 32y | 83 | 65y |
| ISLAND LEISURE LIMITED→ SC119182 · est 1989 | — | — | — | 23 | 36y | 83 | 64y |
| JACKSON STEEL STRUCTURES LIMITED→ SC047786 · est 1970 | — | — | £1.45M | — | 55y | 83 | 60y |
| JAMES LAMMOND LIMITED→ SC258479 · est 2003 | — | — | — | 3800 | 22y | 83 | 62y |
| M & M PLUMBING & HEATING SUPPLIES LIMITED→ SC333448 · est 2007 | — | — | — | 2300 | 18y | 83 | 63y |
| MARTIN ALAN CONSTRUCTION LIMITED→ SC227220 · est 2002 | — | — | — | 53 | 24y | 83 | 69y |
| S & J JOINERS (FORFAR) LIMITED→ SC281618 · est 2005 | — | — | £89.4k | — | 21y | 83 | 63y |
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
Incorporated1974-09-03
Jurisdictionscotland
Primary SIC43341 — Painting
Registered office
Kirkton Enterprise Centre
Sir William Smith Road
Arbroath
Angus
DD11 3RD
Filing status
Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-10-26
Last: 2025-10-12
Officers (3 active · 6 resigned)
Active
KENNEDY, Stuart→
Activedirector · ~63y · appointed 2006-10-06
View their other companies + combined net worth →
STEWART, Tracey→
Activedirector · ~58y · appointed 2005-02-14
View their other companies + combined net worth →
KENNEDY, Sandra Lavery→
Resignedsecretary · resigned 2005-02-14
CAMPBELL, Michael→
Resigneddirector · ~67y · appointed 2006-10-06 · resigned 2026-04-15
KENNEDY, Allan→
Resigneddirector · ~85y · resigned 2005-02-14
KENNEDY, Colin→
Resigneddirector · ~65y · appointed 2005-02-14 · resigned 2026-05-13
KENNEDY, Sandra Lavery→
Resigneddirector · ~83y · resigned 2005-02-14
RENNIE, William M→
Resigneddirector · ~85y · resigned 1995-05-12
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 22/03/2019 | 20/02/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 25/08/2017 | 20/02/2024 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 04/11/2016 | 20/02/2024 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 28/11/2002 | — | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 29/12/1993 | 12/04/2006 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 04/06/1986 | 17/10/2018 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 30/05/1986 | 06/05/2021 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 05/03/1981 | 24/07/1986 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (123 total)
accounts-with-accounts-type-full
accounts · AA
2026-05-28
termination-director-company-with-name-termination-date
officers · TM01
2026-05-13
termination-director-company-with-name-termination-date
officers · TM01
2026-04-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-14
accounts-with-accounts-type-full
accounts · AA
2025-05-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-15
accounts-with-accounts-type-full
accounts · AA
2024-05-22
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-20
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-20
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-01-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-10-17
confirmation-statement-with-updates
confirmation-statement · CS01
2023-10-17
accounts-with-accounts-type-full
accounts · AA
2023-05-31