HILLHOUSE ESTATES LIMITED

🌳Matureactive

SC023206 · ltd · incorporated 1945-03-27

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

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

72/100

Strong

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What this business does

Primary activity: SIC 08110

Sector: Mining & quarrying

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 67/100. 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 (50/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 12.8y

35/100

too messy

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

· Oldest live charge is 12.8 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

23 officers (6 active, 23 linked, 17 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

12 connected companies via shared directors

Filing history

156 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filing

• 1 officers

Last 90 days

filings

• 1 officers
• 1 accounts

Last 180 days

filings

• 4 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (62 events)Click to expand

2026-04-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-31
➖
O'CARROLL, Aidan resigned
director
2026-01-27
📄
accounts-with-accounts-type-group
accounts · AA
2026-01-21
➕
BORTHWICK, Alistair appointed
director
2026-01-21
➕
GALBRAITH, William James Kennedy appointed
director
2026-01-21
➖
MCNAUGHTON, Robert resigned
director
2026-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-01-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-01-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-07-18
🔒
Charge registered #3
Lender: Sse Generation Limited
2025-02-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-21
➖
THOM, Raymond Charles resigned
director
2025-01-06
📄
accounts-with-accounts-type-group
accounts · AA
2024-08-13
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-08
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC as Security Trustee for the Secured Parties (As Such Term is Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
2024-01-13
📄
accounts-with-accounts-type-group
accounts · AA
2023-10-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-20
➕
THOM, Raymond Charles appointed
director
2023-07-21
📄
memorandum-articles
incorporation · MA
2023-07-21
📄
resolution
resolution · RESOLUTIONS
2023-05-26
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-05-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-06
➖
FRASER, Alexander James resigned
director
2022-12-30
📄
accounts-with-accounts-type-group
accounts · AA
2022-08-01
➕
THOM, Raymond Charles appointed
secretary
2022-06-30
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-06-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-23
➖
HILL, Alan George resigned
secretary
2022-06-23
➖
HILL, Alan George resigned
director
2022-05-12
📄
memorandum-articles
incorporation · MA
2022-05-12
📄
resolution
resolution · RESOLUTIONS
2022-05-12
📄
capital-allotment-shares
capital · SH01
2021-06-16
🔓
Charge satisfied #1
2020-11-10
➕
HILL, Alan George appointed
secretary
2020-11-10
➕
HILL, Alan George appointed
director
2020-07-01
➕
O'CARROLL, Aidan appointed
director
2020-06-01
➕
MCNAUGHTON, Robert appointed
director
2020-05-31
➖
TOYN, Charles Clifford resigned
secretary
2019-04-04
➖
HENDRY, John Edmund Gordon resigned
director
2019-02-01
➕
FRASER, Alexander James appointed
director
2018-12-31
➖
YARROW, Norman Murray resigned
director
2017-10-31
➕
HENDRY, John Edmund Gordon appointed
director
2017-04-18
➕
VON HOF, Emma Mary appointed
director
2017-04-18
➖
VERNON, Greville Edward Mervyn resigned
director
2017-04-18
➖
VERNON, Hugh Richard Mervyn resigned
director
2016-12-08
➖
O'BOYLE, Graham resigned
secretary
2016-12-08
➕
TOYN, Charles Clifford appointed
secretary
2015-03-31
➖
MURRAY, Charles Douglas resigned
director
2015-01-12
➖
MURRAY, Charles Douglas resigned
secretary

Showing most recent 50 of 62 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

43/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondary12+ year tenure: Director in role 13 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MCNAUGHTON, Robert resigned 2026-01-21; O'CARROLL, Aidan resigned 2026-03-31

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Hugh Richard Mervyn Vernon Individual · British · DOB 01/1947 · age 79	25–50%	—	25-50% shares	06/04/2016
Mr Andrew Robert, Richard Vernon Individual · British · DOB 08/1979 · age 47	25–50%	—	25-50% shares	06/04/2016
Mr Greville Edward Mervyn Vernon Individual · British · DOB 07/1944 · age 82	25–50%	—	25-50% shares	06/04/2016

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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GRAFIKÁ SIGNS LTD→ SC799665 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
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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.

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🔒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.

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Company details

Statusactive

Typeltd

Incorporated1945-03-27

Jurisdictionscotland

Primary SIC08110 — SIC 08110

Registered office

Hillhouse Quarry

Troon

Ayrshire

KA10 7HX

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-11-22

Last: 2025-11-08