HAYNES ASSET MANAGEMENT LTD
🏛️Establishedactive
SC613085 · ltd · incorporated 2018-11-08
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-501.0k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 68). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · 3 lenders · oldest 6.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 6.0 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
41 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
65
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredNegative net assets
Liabilities exceed assets by £501,041
Cash draining
Cash down 72% YoY
Cash YoY
-72%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£6k
↓ 72% YoY
Net Worth
-£501k
↓ 9.4% YoY
Current Assets
£2.7m
↑ 2.4% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-11-30 | 2023-11-30 |
|---|---|---|
| Total assets | £2.07M | £2.10M |
| Current assets | £2.73M | £2.67M |
| Cash | £5.6k | £20.1k |
| Debtors | £249.7k | £171.1k |
| Net assets | £-501.0k | £-458.2k |
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
0
filings
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
- 2025-09-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-10-16➖THOMSON, Keanu James resigneddirector
- 2024-10-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03➕THOMSON, Keanu James appointeddirector
- 2024-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-12-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-01📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-12-01🔓Charge satisfied #7
- 2023-12-01🔓Charge satisfied #6
- 2023-12-01🔓Charge satisfied #4
- 2023-12-01🔓Charge satisfied #5
- 2023-11-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-13🔒Charge registered #8Lender: Shawbrook Bank Limited
- 2023-08-31📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-07-05📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-07-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-07-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-23📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-18🔒Charge registered #7Lender: Relendex Security Trustee Limited
- 2023-05-18🔒Charge registered #6Lender: Relendex Security Trustee Limited
- 2023-05-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-05-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-05-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-07-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-05-14🔓Charge satisfied #3
- 2022-05-14🔓Charge satisfied #2
- 2022-05-13🔒Charge registered #4Lender: Relendex Security Trustee Limited
- 2022-05-06🔒Charge registered #5Lender: Relindex Security Trustee Limited
- 2021-04-08🔓Charge satisfied #1
- 2020-10-26🔒Charge registered #3Lender: Shawbrook Bank Limited
- 2020-10-16🔒Charge registered #2Lender: Shawbrook Bank Limited
- 2020-05-06🔒Charge registered #1Lender: Relendex Security Trustee Limited
- 2018-11-08🏢Company incorporatedAs HAYNES ASSET MANAGEMENT LTD
- 2018-11-08➕THOMSON, Gordon Coutts appointeddirector
- 2018-11-08➕THOMSON, Maria Teresa appointeddirector
Owner dependency
81/100
Critical — business is the founderThe 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 68 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
56/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
London Edinburgh Luxe Ltd holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
London Edinburgh Luxe Ltd
Corporate parent · holds 25-50% shares
⬇
HAYNES ASSET MANAGEMENT LTD
This company · SC613085
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
London Edinburgh Luxe Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting · firm interest | 05/07/2023 |
3 historic (ceased) PSCs
- London Edinburgh Holding Ltdceased 05/07/2023· 25-50% shares · 25-50% voting · firm interest
- Mrs Maria Teresa Thomsonceased 01/12/2021· 25-50% shares
- Mr Gordon Coutts Thomsonceased 01/12/2021· 25-50% shares
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 →Similar companies
Active · Construction · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BG ROOFING LTD→ SC798799 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| C-SAFE SECURITY LTD→ SC804688 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| C&D MAINTENANCE LTD→ SC782832 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CALEDONIAN DEVELOPMENTS LTD.→ SC211941 · est 2000 · no financials extracted | — | — | — | — | 25y | — | — |
| CALLAGHAN ELECTRICAL SERVICES LTD→ SC748997 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| CAMLIN (INVERNESS) LIMITED→ SC791915 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| CARRIDEN HOMES GROUP LTD.→ SC576959 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| CARSE OF GOWRIE HOMES LIMITED→ SC558435 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| CASEY JOINERS & CABINETMAKERS LTD→ SC881515 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| CLOAN ELECTRICAL LTD→ SC818903 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| COLCO PLUMBING & HEATING LIMITED→ SC561743 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| COLEMAN BUILDING COMPANY LIMITED→ SC294618 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
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
Incorporated2018-11-08
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
Gordonhall Farmhouse
Kingussie
Inverness-Shire
PH21 1NR
Scotland
Filing status
Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-07-19
Last: 2025-07-05
Officers (2 active · 1 resigned)
THOMSON, Gordon Coutts→
Activedirector · ~68y · appointed 2018-11-08
View their other companies + combined net worth →
THOMSON, Maria Teresa→
Activedirector · ~66y · appointed 2018-11-08
View their other companies + combined net worth →
THOMSON, Keanu James→
Resigneddirector · ~30y · appointed 2024-07-03 · resigned 2024-10-16
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 13/11/2023 | — | |
| satisfied | Relendex Security Trustee Relendex Security Trustee Limited | A registered charge | — | 18/05/2023 | 01/12/2023 | |
| satisfied | Relendex Security Trustee Relendex Security Trustee Limited | A registered charge | 1 property | 18/05/2023 | 01/12/2023 | |
| satisfied | Relendex Security Trustee Relendex Security Trustee Limited | A registered charge | 1 property | 13/05/2022 | 01/12/2023 | |
| satisfied | Relindex Security Trustee Relindex Security Trustee Limited | A registered charge | — | 06/05/2022 | 01/12/2023 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | 1 property | 26/10/2020 | 14/05/2022 | |
| satisfied | Shawbrook Shawbrook Bank Limited | A registered charge | — | 16/10/2020 | 14/05/2022 | |
| satisfied | Relendex Security Trustee Relendex Security Trustee Limited | A registered charge | — | 06/05/2020 | 08/04/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (41 total)
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-17
termination-director-company-with-name-termination-date
officers · TM01
2024-10-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-23
appoint-person-director-company-with-name-date
officers · AP01
2024-07-03
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-01
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-01
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-01
mortgage-satisfy-charge-full
mortgage · MR04
2023-12-01
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-07-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2023-07-05