ARMSTRONG JOINERY PRODUCTS LIMITED

🌳Matureactive
SC240384 · ltd · incorporated 2002-12-02
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 17.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
76/100
Strong
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What this business does
Primary activity: Manufacture of other builders' carpentry and joinery
Sector: Manufacturing
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 76/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (63/100).

🏦

Refinance opportunity

1 live charge · oldest 17.0y

65/100
clean up first

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

  • · Oldest live charge is 17.0 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 (79/100)

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
6 officers (4 active, 6 linked, 4 with DOB)
83
Ownership & PSC
2 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
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£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees19002000

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
3
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Last 90 days
4
filings
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
5
filings
  • • 2 persons-with-significant-control
  • • 2 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2026-03-30
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  2. 2026-03-27
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  3. 2026-03-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2025-12-15
    ➖
    ARMSTRONG, Philip resigned
    director
  5. 2025-12-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2025-01-10
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  8. 2025-01-10
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  9. 2025-01-10
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  10. 2024-06-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2023-12-06
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2023-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-07-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-06-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-06-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-03-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2018-02-28
    ➕
    TURNER, Craig appointed
    director
  20. 2010-10-31
    ➕
    TURNER, Sheryl appointed
    director
  21. 2009-05-01
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  22. 2002-12-02
    🏢
    Company incorporated
    As ARMSTRONG JOINERY PRODUCTS LIMITED
  23. 2002-12-02
    ➕
    ARMSTRONG, Philip appointed
    secretary
  24. 2002-12-02
    ➕
    ARMSTRONG, Greig appointed
    director
  25. 2002-12-02
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 2002-12-02
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  27. 2002-12-02
    ➕
    ARMSTRONG, Philip appointed
    director

Owner dependency

83/100
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
  • +Founder name in company name: Company name contains director surname "ARMSTRONG" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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 low
Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Sheryl Turner
Individual · British · DOB 09/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
Mr Greig Armstrong
Individual · British · DOB 02/1974 · age 52
25–50%
25–50%25-50% shares · 25-50% voting30/06/2016
2 historic (ceased) PSCs
  • Mr Philip Armstrongceased 06/12/2023· 25-50% shares · 25-50% voting
  • Mr Greig Armstrongceased 30/06/2016· 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

6 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
Incorporated2002-12-02
Jurisdictionscotland
Primary SIC16230 — Manufacture of other builders' carpentry and joinery

Registered office

Cample Mill
Thornhill
Dumfriesshire
DG3 5HD

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-12-16
Last: 2025-12-02

Officers (4 active · 2 resigned)

ARMSTRONG, Philip→
secretary · appointed 2002-12-02
View their other companies + combined net worth →
Active
ARMSTRONG, Greig→
director · ~52y · appointed 2002-12-02
View their other companies + combined net worth →
Active
TURNER, Craig→
director · ~44y · appointed 2018-02-28
View their other companies + combined net worth →
Active
TURNER, Sheryl→
director · ~43y · appointed 2010-10-31
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2002-12-02 · resigned 2002-12-02
Resigned
ARMSTRONG, Philip→
director · ~71y · appointed 2002-12-02 · resigned 2025-12-15
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
Royal Bank of Scotland PLC
Standard security1 property01/05/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (71 total)

notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2026-03-30
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
change-person-director-company-with-change-date
officers · CH01
2026-03-23
termination-director-company-with-name-termination-date
officers · TM01
2025-12-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-24
change-sail-address-company-with-old-address-new-address
address · AD02
2025-01-10
change-sail-address-company-with-old-address-new-address
address · AD02
2025-01-10
change-sail-address-company-with-old-address-new-address
address · AD02
2025-01-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-09