DUNCAN YACHT CHANDLERS LIMITED

🌳Matureactive

SC265044 · ltd · incorporated 2004-03-17

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 21.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Other retail sale in non-specialised stores

Sector: Wholesale & retail

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 21.6y

65/100

clean up first

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

· Oldest live charge is 21.6 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 (77/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

7 officers (4 active, 7 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

72 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-09-30	2024-09-30
Average employees	500	500

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

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-05-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-08
📄
second-filing-notification-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC01
2024-06-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-27
📄
capital-cancellation-shares
capital · SH06
2023-11-27
📄
capital-return-purchase-own-shares
capital · SH03
2023-11-22
📄
resolution
resolution · RESOLUTIONS
2023-07-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-07-08
➖
ALLAN, John resigned
director
2023-06-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-06-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-06-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-28
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-28
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-28
📄
change-person-director-company-with-change-date
officers · CH01
2019-03-28
📄
change-person-director-company-with-change-date
officers · CH01
2004-11-01
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2004-09-20
➕
FOURDRAIN, Nathalie appointed
director
2004-09-20
➕
ALLAN, John appointed
director
2004-03-17
🏢
Company incorporated
As DUNCAN YACHT CHANDLERS LIMITED
2004-03-17
➕
LIVINGSTON, Debra June appointed
secretary
2004-03-17
➕
MEHARRY, William appointed
director
2004-03-17
➕
RENNIE, Charles Kenneth appointed
director
2004-03-17
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary
2004-03-17
➖
BRIAN REID LTD. resigned
corporate-nominee-secretary
2004-03-17
➕
STEPHEN MABBOTT LTD. appointed
corporate-nominee-director
2004-03-17
➖
STEPHEN MABBOTT LTD. resigned
corporate-nominee-director

Owner dependency

68/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 60 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 22 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
William Meharry Individual · British · DOB 03/1973 · age 53	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mr Charles Kenneth Rennie Individual · British · DOB 11/1966 · age 60	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

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APPLE HEALTHCARE EDINBURGH LTD→ SC339804 · est 2008	—	—	£478.1k	—	18y	83	58y
CAMERON INTERIORS LIMITED→ SC069523 · est 1979	—	—	£227.8k	—	46y	83	58y
CATHERINE'S OF PARTICK LIMITED→ SC099085 · est 1986	—	—	£1.48M	—	40y	83	78y
HELENSBURGH FLOORPLAN (1983) LIMITED→ SC083345 · est 1983	—	—	—	14	42y	83	77y
HODGKINSON THE JEWELLERS LIMITED→ SC137641 · est 1992	—	—	£34.3k	—	34y	83	64y
HUNTER FURNISHINGS LIMITED→ SC295684 · est 2006	—	—	£846.0k	—	20y	83	84y
ITALIAN AROMA COFFEE LIMITED→ SC139395 · est 1992	—	—	—	11	33y	83	59y
LOMO INDUSTRIES LTD.→ SC203510 · est 2000	—	—	£1.18M	—	26y	83	58y
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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

Incorporated2004-03-17

Jurisdictionscotland

Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

216 West George Street

Glasgow

G2 2PQ

Filing status

Accounts

Next due: 2027-06-30

Last made up to: 2025-09-30

Confirmation statement

Next due: 2027-03-31

Last: 2026-03-17

Officers (4 active · 3 resigned)

LIVINGSTON, Debra June→

secretary · appointed 2004-03-17

View their other companies + combined net worth →

Active

FOURDRAIN, Nathalie→

director · ~58y · appointed 2004-09-20

View their other companies + combined net worth →

Active

MEHARRY, William→

director · ~53y · appointed 2004-03-17

View their other companies + combined net worth →

Active

RENNIE, Charles Kenneth→

director · ~60y · appointed 2004-03-17

View their other companies + combined net worth →

Active

BRIAN REID LTD.→

corporate-nominee-secretary · appointed 2004-03-17 · resigned 2004-03-17

Resigned

ALLAN, John→

director · ~51y · appointed 2004-09-20 · resigned 2023-07-08

Resigned

STEPHEN MABBOTT LTD.→

corporate-nominee-director · appointed 2004-03-17 · resigned 2004-03-17

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	01/11/2004	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (72 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-05-06

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-27

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-05-12

second-filing-notification-of-a-person-with-significant-control

persons-with-significant-control · RP04PSC01

2025-04-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-08

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-06-14

confirmation-statement-with-updates

confirmation-statement · CS01

2024-03-29

capital-cancellation-shares

capital · SH06

2023-11-27

capital-return-purchase-own-shares

capital · SH03

2023-11-27

resolution

resolution · RESOLUTIONS

2023-11-22

termination-director-company-with-name-termination-date

officers · TM01

2023-07-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-06-07

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-23

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-06-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-30