STAKIS CASINOS LIMITED

⚰️Wound downdissolved
SC040497 · ltd · incorporated 1964-06-03
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
50/100
Worth a look
🔔
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What this business does
Primary activity: Gambling and betting activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 50/100 (worth a look), bankability 52/100. Strong seller-intent signal (75/100, director aged 62). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

14 live charges · 9 lenders · oldest 34.8y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 34.8 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 65/100 (specialist).

Data confidence

Overall: low (52/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
34 officers (3 active, 34 linked, 21 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
20 connected companies via shared directors
90
Filing history
214 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
80
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

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 (114 events)Click to expand
  1. 2014-10-11
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2014-10-11
    🏁
    Company dissolved
  3. 2014-07-11
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2014-03-06
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  5. 2014-03-06
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2014-02-04
    📄
    capital-statement-capital-company-with-date-currency-figure
    capital · SH19
  7. 2014-02-04
    ⚠️
    legacy
    insolvency · CAP-SS
  8. 2014-02-04
    📄
    legacy
    capital · SH20
  9. 2014-02-04
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2013-06-26
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  11. 2013-05-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2013-02-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2012-06-15
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2012-05-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2011-06-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2011-06-15
    📄
    legacy
    mortgage · MG03s
  17. 2011-06-15
    📄
    legacy
    mortgage · MG03s
  18. 2011-06-15
    📄
    legacy
    mortgage · MG03s
  19. 2011-06-14
    📄
    termination-director-company-with-name
    officers · TM01
  20. 2011-06-14
    📄
    appoint-person-director-company-with-name
    officers · AP01
  21. 2011-06-11
    🔓
    Charge satisfied #16
  22. 2011-06-11
    🔓
    Charge satisfied #15
  23. 2011-06-11
    🔓
    Charge satisfied #14
  24. 2011-06-03
    ➕
    WILLITS, Harry Andrew appointed
    director
  25. 2011-06-03
    ➖
    PENFOLD, Diane June resigned
    director
  26. 2011-05-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2010-06-08
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2010-05-18
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  29. 2010-03-18
    📄
    change-corporate-director-company-with-change-date
    officers · CH02
  30. 2010-03-18
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  31. 2009-11-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  32. 2009-07-10
    ➖
    CRONK, John Julian Tristam resigned
    director
  33. 2009-07-10
    ➕
    PENFOLD, Diane June appointed
    director
  34. 2006-09-18
    ➖
    GOULDEN, Neil Geoffrey resigned
    director
  35. 2006-05-11
    🔒
    Charge registered #16
    Lender: The Royal Bank of Scotland PLC
  36. 2006-04-30
    ➖
    SOWERBY, Richard Thomas Neville resigned
    director
  37. 2006-04-26
    ➕
    GALA CORAL NOMINEES LIMITED appointed
    corporate-director
  38. 2006-04-26
    ➕
    CRONK, John Julian Tristam appointed
    director
  39. 2006-02-09
    ➕
    GALA CORAL SECRETARIES LIMITED appointed
    corporate-secretary
  40. 2006-02-09
    ➖
    SMERDON, Leigh resigned
    secretary
  41. 2005-12-07
    🔓
    Charge satisfied #13
  42. 2005-12-07
    🔓
    Charge satisfied #12
  43. 2005-11-23
    🔒
    Charge registered #15
    Lender: The Royal Bank of Scotland PLC
  44. 2005-10-27
    🔒
    Charge registered #14
    Lender: The Royal Bank of Scotland PLC as Security Trustee
  45. 2005-09-05
    🔓
    Charge satisfied #11
  46. 2005-09-05
    🔓
    Charge satisfied #10
  47. 2005-09-01
    🔒
    Charge registered #13
    Lender: Royal Bank of Scotland PLC as Security Trustee
  48. 2005-08-23
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  49. 2005-02-23
    🔓
    Charge satisfied #9
  50. 2005-02-23
    🔓
    Charge satisfied #7
Showing most recent 50 of 114 events

Owner dependency

91/100
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 "LIMITED" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 62 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

2 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2014-10-11

3 insolvency-related filings on record
high

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

Evidence: 2014-10-11: gazette-dissolved-liquidation; 2014-07-11: liquidation-voluntary-return-of-final-meeting-scotland

Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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

Statusdissolved
Typeltd
Incorporated1964-06-03
Jurisdictionscotland
Primary SIC92000 — Gambling and betting activities

Registered office

First Floor, Quay 2,
139 Fountainbridge
Edinburgh
EH3 9QG

Filing status

Accounts
Next due: —
Last made up to: 2012-09-29
Confirmation statement
Next due: —
Last: —

Officers (0 active · 31 resigned)

GALA CORAL SECRETARIES LIMITED→
corporate-secretary · appointed 2006-02-09
View their other companies + combined net worth →
Active
WILLITS, Harry Andrew→
director · ~62y · appointed 2011-06-03
View their other companies + combined net worth →
Active
GALA CORAL NOMINEES LIMITED→
corporate-director · appointed 2006-04-26
View their other companies + combined net worth →
Active
CHEATLE, Martyn David→
secretary · appointed 2000-12-20 · resigned 2001-08-06
Resigned
HAMILTON, William Burt→
secretary · appointed 1990-04-12 · resigned 1991-01-04
Resigned
HODGES, Simon→
secretary · appointed 1995-03-20 · resigned 1999-05-11
Resigned
LANG, Anthony→
secretary · resigned 1990-04-12
Resigned
MACKAY, William Donald→
secretary · appointed 1994-08-22 · resigned 1995-03-20
Resigned
MAGEE, Martin Paul→
secretary · appointed 1991-01-04 · resigned 1992-02-10
Resigned
MILLER, John Ashley Laing→
secretary · appointed 1993-06-28 · resigned 1994-08-22
Resigned
MITCHELL, Andrew Ross→
secretary · appointed 1992-02-10 · resigned 1993-06-28
Resigned
NOBLE, Michael Jeremy→
secretary · appointed 1999-05-11 · resigned 2000-12-20
Resigned
SINTON, Charles Blair Ritchie→
secretary · appointed 2001-08-06 · resigned 2003-04-07
Resigned
SMERDON, Leigh→
secretary · appointed 2003-04-07 · resigned 2006-02-09
Resigned
CHISMAN, Ronald Neil→
director · ~79y · appointed 1994-03-10 · resigned 1999-08-31
Resigned
CRONK, John Julian Tristam→
director · ~79y · appointed 2006-04-26 · resigned 2009-07-10
Resigned
GOULDEN, Neil Geoffrey→
director · ~73y · appointed 2001-03-01 · resigned 2006-09-18
Resigned
GRIFFITHS, Jonathan→
director · ~75y · appointed 1999-09-20 · resigned 2003-02-05
Resigned
HARLEY, Susan Boyle→
director · ~67y · appointed 1999-09-20 · resigned 2000-12-20
Resigned
JENKINS, Stuart Nicol→
director · ~84y · resigned 1991-02-07
Resigned

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

Mortgages & charges

14
Total charges
0
Outstanding
0
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property11/05/200611/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/11/200511/06/2011
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC as Security Trustee
Floating charge1 property27/10/200511/06/2011
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC as Security Trustee
Floating charge1 property01/09/200507/12/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/08/200507/12/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC as Security Trustee
Floating charge1 property11/02/200505/09/2005
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/02/200505/09/2005
satisfied
Credit Suisse First Boston as Security Trustee
Standard security1 property28/03/200323/02/2005
satisfied
Credit Suisse First Boston
Floating charge3 properties17/03/200323/02/2005
satisfied
Credit Suisse First Boston as Security Trustee
Bond & floating charge1 property13/03/200323/02/2005
satisfied
Morgan Guaranty Trust Company of New York
Standard security1 property26/02/200127/03/2003
satisfied
Morgan Guaranty Trust Company
Floating charge2 properties21/12/200027/03/2003
satisfied
Stakis Public Company
Stakis Public Limited Company
Bond & floating charge1 property14/08/199117/09/1996
satisfied
Lloyds Banking Group
Royal Bank of Scotland PLC as Agent & Trustee
Bond & floating charge1 property14/08/199128/01/2000

Recent filings (214 total)

gazette-dissolved-liquidation
gazette · GAZ2
2014-10-11
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2014-07-11
change-registered-office-address-company-with-date-old-address
address · AD01
2014-03-06
resolution
resolution · RESOLUTIONS
2014-03-06
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2014-02-04
legacy
insolvency · CAP-SS
2014-02-04
legacy
capital · SH20
2014-02-04
resolution
resolution · RESOLUTIONS
2014-02-04
accounts-with-accounts-type-dormant
accounts · AA
2013-06-26
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-05-30
change-person-director-company-with-change-date
officers · CH01
2013-02-20
accounts-with-accounts-type-dormant
accounts · AA
2012-06-15
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-05-18
accounts-with-accounts-type-dormant
accounts · AA
2011-06-29
legacy
mortgage · MG03s
2011-06-15