The counter-rotation phenomenon in disc galaxies directly indicates a complex galaxy assembly history which is crucial for our understanding of galaxy physics. Here we present the complex data analysis for a lenticular galaxy NGC 448, which has been recently suspected to host a counter-rotating stellar component. We collected deep long-slit spectroscopic observations using the Russian 6-m telescope and performed the photometric decomposition of Sloan Digital Sky Survey (SDSS) archival images. We exploited (i) a non-parametric approach in order to recover stellar line-of-sight velocity distributions and (ii) a parametric spectral decomposition technique in order to disentangle stellar population properties of both main and counter-rotating stellar discs. Our spectral decomposition stays in perfect agreement with the photometric analysis. The counter-rotating component contributes $approx$30 per cent to the total galaxy light. We estimated its stellar mass to be $9.0^{+2.7}_{-1.8}cdot10^{9}M_odot$. The radial scale length of counter-rotating disc is $approx$3 times smaller than that of the main disc. Both discs harbour old stars but the counter-rotating components reveals a detectable negative age gradient that might suggest an extended inside-out formation during $3dots4$ Gyrs. The counter-rotating disc hosts more metal-rich stars and possesses a shallower metallicity gradient with respect to the main disc. Our findings rule out cosmological filaments as a source of external accretion which is considered as a potential mechanism of the counter-rotating component formation in NGC 448, and favour the satellite merger event with the consequent slow gas accretion.