HALLEY STEVENSONS LTD
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).
Refinance opportunity
7 live charges · 6 lenders · oldest 25.6y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 25.6 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: medium (72/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-01 |
|---|---|
| Turnover | £10.37M |
| Gross profit | £5.31M |
| Operating profit | £1.86M |
| Profit before tax | £1.78M |
| Average employees | 5200 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 3 mortgage
- • 6 mortgage
Corporate timeline (41 events)Click to expand
- 2026-03-27📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2026-03-27📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2026-03-05📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-02-27🔒Charge registered #7Lender: Hsbc Invoice Finance (UK) Limited
- 2026-02-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-11📄mortgage-satisfy-charge-fullmortgage · MR04
- 2026-02-11🔓Charge satisfied #4
- 2026-02-11🔓Charge satisfied #3
- 2025-12-29📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-12-19🔒Charge registered #6Lender: Hsbc UK Bank PLC
- 2025-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2025-03-03✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2024-05-08📄accounts-with-accounts-type-smallaccounts · AA
- 2023-06-15📄accounts-with-accounts-type-smallaccounts · AA
- 2022-06-08📄accounts-with-accounts-type-smallaccounts · AA
- 2022-02-23➕LAING, Kay Anthea appointeddirector
- 2022-02-23📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-28📄accounts-with-accounts-type-smallaccounts · AA
- 2021-06-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-06-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-06-10📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2021-06-07🔒Charge registered #5Lender: Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank)
- 2021-05-31➕CAMPBELL, James Iain Cameron appointeddirector
- 2021-05-31➖WIGGLESWORTH, Martin Hardwick resigneddirector
- 2020-09-02📄accounts-with-accounts-type-smallaccounts · AA
- 2012-03-07🔓Charge satisfied #2
- 2012-03-07🔓Charge satisfied #1
- 2011-12-12🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2007-10-18🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 2001-09-06➖NICOLL, Angus Walter Graeme resigneddirector
- 2000-11-03🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2000-10-27🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2000-10-09➕MOIR, Malcolm appointedsecretary
- 2000-10-09➕MOIR, Malcolm appointeddirector
- 2000-10-09➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2000-10-09➕NICOLL, Angus Walter Graeme appointeddirector
- 2000-10-09➕WIGGLESWORTH, Martin Hardwick appointeddirector
- 2000-10-09➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 2000-09-21🏢Company incorporatedAs HALLEY STEVENSONS LTD
- 2000-09-21➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2000-09-21➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 73 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 73 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 26 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 ·Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Name changes can be benign (rebrand) but can also precede distress, phoenix activity, or buyer concealment.
Evidence: 2025-03-03: certificate-change-of-name-company
Group structure
Baltic Works Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Baltic Works Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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.
See pricing →Similar companies
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|---|---|---|---|---|---|---|---|
| D. GEDDES (CONTRACTORS) LIMITED→ SC060200 · est 1976 | £16.59M £12.91M–£20.28M | — | — | 11900 | 49y | 85 | 90y |
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| PACSON LIMITED→ SC114098 · est 1988 | £7.17M £5.58M–£8.76M | £13.80M | — | 8700 | 37y | 93 | 59y |
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9 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 (4 active · 4 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Invoice Finance (UK) Limited | A registered charge | — | 27/02/2026 | — | |
| outstanding | HSBC Hsbc UK Bank PLC | A registered charge | 1 property | 19/12/2025 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | 1 property | 07/06/2021 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 12/12/2011 | 11/02/2026 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 18/10/2007 | 11/02/2026 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 03/11/2000 | 07/03/2012 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 27/10/2000 | 07/03/2012 |