ANGUS DECORATING COMPANY LIMITED

📉Decliningactive
SC056282 · ltd · incorporated 1974-09-03
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Painting
Sector: Construction
ALSO REGISTERED FOR
  • 43342Glazing
Investor take
Pursue
Conservative operator with a 67-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (73/100, director aged 67). 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 45.1y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 45.1 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.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
9 officers (5 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
120 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
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £221,749

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31
Profit before tax£221.7k£612.2k
Average employees63006400

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 (42 events)Click to expand
  1. 2025-05-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-05-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-02-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-02-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-02-20
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-02-20
    🔓
    Charge satisfied #8
  7. 2024-02-20
    🔓
    Charge satisfied #7
  8. 2024-02-20
    🔓
    Charge satisfied #6
  9. 2024-01-09
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2023-10-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2023-10-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-05-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2022-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2021-09-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2021-05-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-05-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2021-05-06
    🔓
    Charge satisfied #5
  19. 2020-08-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2019-04-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-03-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2019-03-22
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  23. 2018-10-17
    🔓
    Charge satisfied #2
  24. 2017-08-25
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  25. 2016-11-04
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  26. 2006-10-06
    ➕
    CAMPBELL, Michael appointed
    director
  27. 2006-10-06
    ➕
    KENNEDY, Stuart appointed
    director
  28. 2006-04-12
    🔓
    Charge satisfied #3
  29. 2005-02-14
    ➕
    STEWART, Tracey appointed
    secretary
  30. 2005-02-14
    ➕
    KENNEDY, Colin appointed
    director
  31. 2005-02-14
    ➕
    STEWART, Tracey appointed
    director
  32. 2005-02-14
    ➖
    KENNEDY, Sandra Lavery resigned
    secretary
  33. 2005-02-14
    ➖
    KENNEDY, Allan resigned
    director
  34. 2005-02-14
    ➖
    KENNEDY, Sandra Lavery resigned
    director
  35. 2002-11-28
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  36. 1995-05-12
    ➖
    RENNIE, William M resigned
    director
  37. 1993-12-29
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  38. 1986-07-24
    🔓
    Charge satisfied #1
  39. 1986-06-04
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  40. 1986-05-30
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  41. 1981-03-05
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  42. 1974-09-03
    🏢
    Company incorporated
    As ANGUS DECORATING COMPANY LIMITED

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 67 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple 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.

🏛️
Adcl Holdings Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
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%
NameSharesVoting rightsNature of controlNotified
Adcl Holdings Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control30/08/2023
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 →

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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 →
🔒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: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-10-26
Last: 2025-10-12

Officers (5 active · 4 resigned)

STEWART, Tracey→
secretary · appointed 2005-02-14
View their other companies + combined net worth →
Active
CAMPBELL, Michael→
director · ~67y · appointed 2006-10-06
View their other companies + combined net worth →
Active
KENNEDY, Colin→
director · ~65y · appointed 2005-02-14
View their other companies + combined net worth →
Active
KENNEDY, Stuart→
director · ~63y · appointed 2006-10-06
View their other companies + combined net worth →
Active
STEWART, Tracey→
director · ~58y · appointed 2005-02-14
View their other companies + combined net worth →
Active
KENNEDY, Sandra Lavery→
secretary · resigned 2005-02-14
Resigned
KENNEDY, Allan→
director · ~85y · resigned 2005-02-14
Resigned
KENNEDY, Sandra Lavery→
director · ~83y · resigned 2005-02-14
Resigned
RENNIE, William M→
director · ~85y · resigned 1995-05-12
Resigned

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
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property22/03/201920/02/2024
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property25/08/201720/02/2024
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property04/11/201620/02/2024
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/11/2002—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property29/12/199312/04/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property04/06/198617/10/2018
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property30/05/198606/05/2021
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property05/03/198124/07/1986
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (120 total)

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
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-13