HEATHER K LIMITED
Opportunity 68/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
Refinance opportunity
4 live charges · 2 lenders · oldest 24.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 24.0 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (79/100)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.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Total assets | £1.08M | £1.01M |
| Current assets | £793.3k | — |
| Debtors | £793.3k | £470.2k |
| Net assets | £982.1k | £914.3k |
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
- • 1 accounts
Corporate timeline (29 events)Click to expand
- 2025-12-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-18🔓Charge satisfied #1
- 2021-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-03-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-12-30📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2016-12-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-02-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-12-31📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-03-03📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-12-22📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-03-05📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-09-30🔒Charge registered #4Lender: The Royal Bank of Scotland PLC
- 2013-03-28➖COSTIE, Heather resignedsecretary
- 2013-03-28➖COSTIE, Heather resigneddirector
- 2003-11-11🔒Charge registered #3Lender: The Royal Bank of Scotland PLC
- 2003-10-22🔒Charge registered #2Lender: Orkney Islands Council
- 2002-05-05🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2002-02-08🏢Company incorporatedAs HEATHER K LIMITED
- 2002-02-08➕COSTIE, Heddle Alexander Bain appointeddirector
- 2002-02-08➕COSTIE, Heather appointedsecretary
- 2002-02-08➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-secretary
- 2002-02-08➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-secretary
- 2002-02-08➕COSTIE, Heather appointeddirector
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.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-02-22
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Heddle Alexander Bain Costie Individual · British · DOB 08/1970 · age 56 | 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
Active · Agriculture · KW postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| J & W TAIT LIMITED→ SC030430 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| J STEVENSON & SON LIMITED→ SC420824 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| M MACKENZIE SERVICES LTD→ SC860867 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| MILLENNIUM (ORKNEY) LTD→ SC466065 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| NORTH SUTHERLAND COMMUNITY FORESTRY TRUST→ SC161610 · est 1995 · no financials extracted | — | — | — | — | 30y | — | — |
| NOSS FARM LTD→ SC246220 · est 2003 · no financials extracted | — | — | — | — | 23y | — | — |
| OLGRINMORE FOREST LTD→ SC398988 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
| ORKNEY OYSTERS LTD→ SC626980 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| ORKNEY SHELLFISH LIMITED→ SC138531 · est 1992 · no financials extracted | — | — | — | — | 33y | — | — |
| OSSQUOY LIMITED→ SC280120 · est 2005 · no financials extracted | — | — | — | — | 21y | — | — |
| P & F ROSS LTD→ SC560142 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| P T H FISHING LTD.→ SC283462 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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 (1 active · 3 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | 1 property | 30/09/2013 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Ship mortgage | 1 property | 11/11/2003 | — | |
| outstanding | Orkney Islands Council | Ship mortgage | 1 property | 22/10/2003 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 05/05/2002 | 18/07/2022 |