FINDLATER'S FINE FOODS OF LINLITHGOW LIMITED

🌳Matureactive
SC249442 · ltd · incorporated 2003-05-14
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
🔔
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What this business does
Primary activity: SIC 10200
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10710Manufacture of bread; manufacture of fresh pastry goods and cakes
  • 10850Manufacture of prepared meals and dishes
  • 10890SIC 10890
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 75/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

11 live charges · 4 lenders · oldest 21.6y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
96 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
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£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
Average employees28002600

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2025-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  4. 2025-07-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-07-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-04-06
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2022-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2021-12-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-04-12
    ➕
    HENDERSON, Sara Jane Liston appointed
    director
  13. 2021-04-12
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2021-04-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2020-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2019-12-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2018-12-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2018-12-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2014-03-31
    ➖
    HENDERSON, Martin resigned
    secretary
  20. 2013-06-11
    🔒
    Charge registered #11
    Lender: Santander UK PLC
  21. 2012-07-21
    🔓
    Charge satisfied #5
  22. 2012-07-14
    🔓
    Charge satisfied #7
  23. 2012-07-14
    🔓
    Charge satisfied #6
  24. 2012-07-14
    🔓
    Charge satisfied #2
  25. 2012-07-12
    🔒
    Charge registered #10
    Lender: Santander UK PLC
  26. 2012-07-12
    🔒
    Charge registered #9
    Lender: Santander UK PLC
  27. 2012-07-05
    🔒
    Charge registered #8
    Lender: Santander UK PLC
  28. 2011-03-04
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC
  29. 2009-12-04
    🔒
    Charge registered #6
    Lender: Clydesdale Bank PLC
  30. 2009-12-03
    🔓
    Charge satisfied #4
  31. 2009-12-03
    🔓
    Charge satisfied #3
  32. 2009-11-27
    🔒
    Charge registered #5
    Lender: Clydesdale Bank PLC
  33. 2009-04-03
    🔒
    Charge registered #4
    Lender: Bibby Factors Scotland Limited
  34. 2009-01-16
    🔓
    Charge satisfied #1
  35. 2008-12-18
    🔒
    Charge registered #3
    Lender: Bibby Factors Scotland Limited
  36. 2008-02-08
    ➖
    HENDERSON, Carole Jane Morrison resigned
    director
  37. 2008-02-08
    ➖
    HENDERSON, William resigned
    director
  38. 2004-10-20
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  39. 2004-09-30
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  40. 2004-09-08
    ➕
    HENDERSON, Martin Findlater appointed
    director
  41. 2004-07-21
    ➖
    HENDERSON, Carole Jane Morrison resigned
    secretary
  42. 2004-07-21
    ➕
    HENDERSON, Martin appointed
    secretary
  43. 2003-05-14
    🏢
    Company incorporated
    As FINDLATER'S FINE FOODS OF LINLITHGOW LIMITED
  44. 2003-05-14
    ➕
    HENDERSON, Carole Jane Morrison appointed
    secretary
  45. 2003-05-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  46. 2003-05-14
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  47. 2003-05-14
    ➕
    HENDERSON, Carole Jane Morrison appointed
    director
  48. 2003-05-14
    ➕
    HENDERSON, William appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +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
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 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 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Martin Findlater Henderson
Individual · British · DOB 07/1969 · age 57
50–75%
—50-75% shares14/05/2017
Sara Jane Liston Henderson
Individual · British · DOB 05/1978 · age 48
25–50%
—25-50% shares14/05/2017

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

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
Incorporated2003-05-14
Jurisdictionscotland
Primary SIC10200 — SIC 10200

Registered office

Unit 28-30, Block H E-Net Industrial Estate
Little Mill Business Park
Linlithgow
West Lothian
EH49 7DA
United Kingdom

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-05-01
Last: 2026-04-17

Officers (2 active · 5 resigned)

HENDERSON, Martin Findlater→
director · ~57y · appointed 2004-09-08
View their other companies + combined net worth →
Active
HENDERSON, Sara Jane Liston→
director · ~48y · appointed 2021-04-12
View their other companies + combined net worth →
Active
HENDERSON, Carole Jane Morrison→
secretary · appointed 2003-05-14 · resigned 2004-07-21
Resigned
HENDERSON, Martin→
secretary · appointed 2004-07-21 · resigned 2014-03-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-05-14 · resigned 2003-05-14
Resigned
HENDERSON, Carole Jane Morrison→
director · ~81y · appointed 2003-05-14 · resigned 2008-02-08
Resigned
HENDERSON, William→
director · ~81y · appointed 2003-05-14 · resigned 2008-02-08
Resigned

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

Mortgages & charges

11
Total charges
4
Outstanding
1
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Santander
Santander UK PLC
A registered charge2 properties11/06/2013—
outstanding
Santander
Santander UK PLC
Standard security1 property12/07/2012—
outstanding
Santander
Santander UK PLC
Standard security1 property12/07/2012—
outstanding
Santander
Santander UK PLC
Floating charge1 property05/07/2012—
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property04/03/201114/07/2012
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property04/12/200914/07/2012
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property27/11/200921/07/2012
satisfied
Bibby Financial Services
Bibby Factors Scotland Limited
Floating charge1 property03/04/200903/12/2009
satisfied
Bibby Financial Services
Bibby Factors Scotland Limited
Floating charge1 property18/12/200803/12/2009
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property20/10/200414/07/2012
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/09/200416/01/2009
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (96 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-04-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-30
change-person-director-company-with-change-date
officers · CH01
2025-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-17
change-person-director-company-with-change-date
officers · CH01
2025-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-07-17
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-30
confirmation-statement-with-updates
confirmation-statement · CS01
2023-04-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-04-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-19
confirmation-statement-with-updates
confirmation-statement · CS01
2022-05-16