HENDERSONS OF HANOVER STREET LTD

⚰️Wound downdissolved
SC517949 · ltd · incorporated 2015-10-14
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 9.6y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Mar 2019
Net worth
£-143.3k
book net assets
Opportunity
50/100
Worth a look
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 55/100. Strong seller-intent signal (63/100, director aged 77). Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: distressed disposal / insolvency (85/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 9.6y

65/100
clean up first

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

  • · Oldest live charge is 9.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
17 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
50/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £143,304

Key financials

1 year extracted from filed iXBRL accounts
Cash
£21k
Net Worth
-£143k
Current Assets
£60k
Current Liabilities

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2019-03-31
Total assets£-143.3k
Current assets£59.7k
Cash£21.1k
Debtors£17.6k
Net assets£-143.3k

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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (19 events)Click to expand
  1. 2023-08-02
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2023-08-02
    🏁
    Company dissolved
  3. 2023-05-02
    ⚠️
    liquidation-voluntary-creditors-return-of-final-meeting-scotland
    insolvency · LIQ14(Scot)
  4. 2021-09-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2020-07-09
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2020-07-09
    📄
    resolution
    resolution · RESOLUTIONS
  7. 2019-11-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2018-12-28
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  9. 2018-12-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-11-13
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  11. 2018-11-06
    GILLESPIE MACANDREW SECRETARIES LIMITED appointed
    corporate-secretary
  12. 2017-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2016-09-21
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2016-09-02
    🔒
    Charge registered #1
    Lender: Tridos Bank N.V.
  15. 2016-03-23
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  16. 2015-10-14
    🏢
    Company incorporated
    As HENDERSONS OF HANOVER STREET LTD
  17. 2015-10-14
    HENDERSON, Oliver Malcolm appointed
    director
  18. 2015-10-14
    HOME, Catherine Mary appointed
    director
  19. 2015-10-14
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

93/100
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 name in company name: Company name contains director surname "HENDERSON" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 77 — succession pressure is live.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

71/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-08-02

2 insolvency-related filings on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-08-02: gazette-dissolved-liquidation; 2023-05-02: liquidation-voluntary-creditors-return-of-final-meeting-scotland

Group structure

Hendersons Of Edinburgh Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Hendersons Of Edinburgh Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
HENDERSONS OF HANOVER STREET LTD
This company · SC517949

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Hendersons Of Edinburgh Ltd
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
Mr Oliver Malcolm Henderson
Individual · British · DOB 01/1952 · age 74
sig. influencesignificant influence06/04/2016
Mrs Catherine Mary Home
Individual · British · DOB 12/1949 · age 77
sig. influencesignificant influence06/04/2016

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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🔒Tailored diligence questions

10 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.

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Company details

Statusdissolved
Typeltd
Incorporated2015-10-14
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

1 Lochrin Square
Edinburgh
EH3 9QA

Filing status

Accounts
Next due:
Last made up to: 2019-03-31
Confirmation statement
Next due:
Last:

Officers (0 active · 0 resigned)

GILLESPIE MACANDREW SECRETARIES LIMITED
corporate-secretary · appointed 2018-11-06
View their other companies + combined net worth →
Active
HENDERSON, Oliver Malcolm
director · ~74y · appointed 2015-10-14
View their other companies + combined net worth →
Active
HOME, Catherine Mary
director · ~77y · appointed 2015-10-14
View their other companies + combined net worth →
Active

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
Tridos Bank N.V.
A registered charge02/09/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (17 total)

gazette-dissolved-liquidation
gazette · GAZ2
2023-08-02
liquidation-voluntary-creditors-return-of-final-meeting-scotland
insolvency · LIQ14(Scot)
2023-05-02
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-09-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-09
resolution
resolution · RESOLUTIONS
2020-07-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-14
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2018-12-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-06
appoint-corporate-secretary-company-with-name-date
officers · AP04
2018-11-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-10-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-06
confirmation-statement-with-updates
confirmation-statement · CS01
2016-11-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-09-21