FIFE SHUTTERS LIMITED

🌳Matureactive
SC240232 · ltd · incorporated 2002-11-27
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
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 Nov 2024
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: SIC 28990
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (76/100)

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
Confirmed no charges registered
85
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
Network not yet resolved
30
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
70
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees700700

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-08-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2023-12-11
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2023-08-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2022-08-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-08-30
    ➕
    PENNYCOOK, Geoffrey appointed
    director
  8. 2021-08-30
    ➕
    PENNYCOOK, Valerie Frances appointed
    director
  9. 2021-08-30
    ➖
    PENNYCOOK, Edward Matcham resigned
    director
  10. 2021-08-30
    ➖
    PENNYCOOK, Mavis resigned
    director
  11. 2021-08-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-08-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2021-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2021-08-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2021-08-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2021-08-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2021-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2021-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2020-09-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2019-08-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  22. 2003-02-07
    ➕
    PENNYCOOK, Geoffrey appointed
    secretary
  23. 2003-02-07
    ➖
    PENNYCOOK, Mavis resigned
    secretary
  24. 2002-11-27
    🏢
    Company incorporated
    As FIFE SHUTTERS LIMITED
  25. 2002-11-27
    ➕
    PENNYCOOK, Mavis appointed
    secretary
  26. 2002-11-27
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  27. 2002-11-27
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  28. 2002-11-27
    ➕
    PENNYCOOK, Edward Matcham appointed
    director
  29. 2002-11-27
    ➕
    PENNYCOOK, Mavis appointed
    director

Owner dependency

81/100
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 age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

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 Geoffrey Pennycook
Individual · British · DOB 04/1957 · age 69
75–100%
75–100%75-100% shares · 75-100% voting30/08/2021
3 historic (ceased) PSCs
  • Mrs Valerie Frances Pennycookceased 26/11/2023· 25-50% shares · 25-50% voting
  • Mr Edward Matcham Pennycookceased 30/08/2021· 25-50% shares · 25-50% voting · board control
  • Mrs Mavis Pennycookceased 30/08/2021· 25-50% shares · 25-50% voting · board control

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2002-11-27
Jurisdictionscotland
Primary SIC28990 — SIC 28990

Registered office

C/O Paterson Boyd & Co
18 North Street
Glenrothes
Fife
KY7 5NA

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-12-10
Last: 2025-11-26

Officers (3 active · 4 resigned)

PENNYCOOK, Geoffrey→
secretary · appointed 2003-02-07
View their other companies + combined net worth →
Active
PENNYCOOK, Geoffrey→
director · ~69y · appointed 2021-08-30
View their other companies + combined net worth →
Active
PENNYCOOK, Valerie Frances→
director · ~68y · appointed 2021-08-30
View their other companies + combined net worth →
Active
PENNYCOOK, Mavis→
secretary · appointed 2002-11-27 · resigned 2003-02-07
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-11-27 · resigned 2002-11-27
Resigned
PENNYCOOK, Edward Matcham→
director · ~97y · appointed 2002-11-27 · resigned 2021-08-30
Resigned
PENNYCOOK, Mavis→
director · ~95y · appointed 2002-11-27 · resigned 2021-08-30
Resigned

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

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-12-11
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-11
accounts-with-accounts-type-micro-entity
accounts · AA
2023-08-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-27
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-08-30
termination-director-company-with-name-termination-date
officers · TM01
2021-08-30
termination-director-company-with-name-termination-date
officers · TM01
2021-08-30