HENDRY HYDRAULICS LIMITED

📉Decliningactive
SC059511 · ltd · incorporated 1976-03-03
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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"
What changed my view
Last 30 days

No material changes in the last 30 days.

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 Mar 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 28131
Sector: Manufacturing
Investor take
Pursue
Conservative operator with a 75-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

1 live charge · oldest 18.6y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
109 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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £118,243

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£118.2k£149.2k
Average employees919300

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
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • • 3 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (28 events)Click to expand
  1. 2026-01-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-01-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-01-12
    ➖
    HENDRY, Isobel Jane resigned
    director
  5. 2025-12-19
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2024-12-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  7. 2023-12-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2022-12-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2022-12-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2022-12-10
    ➖
    HENDRY, James Alexander resigned
    director
  11. 2022-01-07
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2021-04-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2021-03-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2021-03-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-12-31
    ➕
    HENDRY, Isobel Jane appointed
    director
  16. 2020-12-31
    ➕
    HENDRY, James Alexander appointed
    director
  17. 2020-01-21
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  18. 2020-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2020-01-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2020-01-21
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  21. 2019-12-31
    ➕
    HENDRY, Rona Strathie appointed
    secretary
  22. 2019-12-31
    ➖
    HENDRY, Isabel Jane resigned
    secretary
  23. 2019-12-31
    ➖
    HENDRY, Isabel Jane resigned
    director
  24. 2019-12-31
    ➖
    HENDRY, James Alexander resigned
    director
  25. 2019-12-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2007-11-01
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  27. 2005-03-02
    ➕
    HENDRY, Rona Strathie appointed
    director
  28. 1976-03-03
    🏢
    Company incorporated
    As HENDRY HYDRAULICS LIMITED

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "HENDRY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 75 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
  • 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 50 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Michael Hendry
Individual · British · DOB 08/1956 · age 70
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016

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

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——470015y8262y
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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
Incorporated1976-03-03
Jurisdictionscotland
Primary SIC28131 — SIC 28131

Registered office

2 Perimeter Road
Pinefield Industrial Estate
Elgin
IV30 6DF

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-27
Last: 2026-01-13

Officers (3 active · 5 resigned)

HENDRY, Rona Strathie→
secretary · appointed 2019-12-31
View their other companies + combined net worth →
Active
HENDRY, Michael→
director · ~70y
View their other companies + combined net worth →
Active
HENDRY, Rona Strathie→
director · ~75y · appointed 2005-03-02
View their other companies + combined net worth →
Active
HENDRY, Isabel Jane→
secretary · resigned 2019-12-31
Resigned
HENDRY, Isabel Jane→
director · ~92y · resigned 2019-12-31
Resigned
HENDRY, Isobel Jane→
director · ~92y · appointed 2020-12-31 · resigned 2026-01-12
Resigned
HENDRY, James Alexander→
director · ~99y · appointed 2020-12-31 · resigned 2022-12-10
Resigned
HENDRY, James Alexander→
director · ~99y · resigned 2019-12-31
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Bond & floating charge1 property01/11/2007—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-23
termination-director-company-with-name-termination-date
officers · TM01
2026-01-23
change-person-director-company-with-change-date
officers · CH01
2026-01-22
change-person-director-company-with-change-date
officers · CH01
2026-01-22
accounts-with-accounts-type-full
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-21
accounts-with-accounts-type-full
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-24
accounts-with-accounts-type-full
accounts · AA
2023-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
termination-director-company-with-name-termination-date
officers · TM01
2022-12-21
accounts-with-accounts-type-full
accounts · AA
2022-12-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-26
accounts-with-accounts-type-full
accounts · AA
2022-01-07
accounts-with-accounts-type-full
accounts · AA
2021-04-06