PAGAN OSBORNE & GRACE TRUSTEES LIMITED

🌳Matureactive

SC053687 · ltd · incorporated 1973-07-30

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

—

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Solicitors

Sector: Professional, scientific & technical

Investor take

Pursue

Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 67). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 42.2y

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 42.2 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

8 charges (8/8 with lender, 8/8 with type)

Directors & officers

70 officers (26 active, 70 linked, 63 with DOB)

Ownership & PSC

1 active PSC(s) of 4 total, 4 with control declared

Director network

15 connected companies via shared directors

Filing history

217 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-10-31	2023-10-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

• 2 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (132 events)Click to expand

2026-01-21
➖
THORNTONS LAW LLP resigned
corporate-secretary
2026-01-21
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2025-12-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
➖
ROUGHEAD, Alan resigned
director
2025-09-01
➕
DUNN, Susan appointed
director
2025-09-01
➕
FRASER, Hannah appointed
director
2025-09-01
➕
GRIMMOND, Joanne Elizabeth appointed
director
2025-09-01
➕
HAINEY, Lisa May appointed
director
2025-09-01
➕
MCGILL, Katherine Muriel appointed
director
2025-09-01
➕
MITCHELL, Sarah appointed
director
2025-09-01
➕
MOIR, Kyle Frank Strachan appointed
director
2025-09-01
➕
ROUGHEAD, Alan appointed
director
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-22
➖
ETHERINGTON, David Murray resigned
director
2025-07-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-05-29
➖
GRANT, Alexander Graham resigned
director
2025-04-14
📄
accounts-with-accounts-type-dormant
accounts · AA
2025-02-03
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-31
➕
ANDERSON, Rachel appointed
director
2024-11-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-31
➕
MACKAY, Iain Finlay Magnus appointed
director
2024-06-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-31
➖
MCKEOWN, Anne Janette resigned
director
2024-05-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-30
➖
CHRISTINE, Lorna Margaret resigned
director
2024-04-15
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-11-21
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-15
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-02
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-06-01
➖
CALDERWOOD, Elizabeth Lilian resigned
director
2023-05-15
➕
HORNE, Emma Ashley appointed
director
2023-03-16
➕
DICKSON, Graeme Ross Campbell appointed
director
2022-09-20
➕
GARDINER, Christopher Peter John appointed
director
2022-07-26
➕
MACKIE, Stuart Irvine appointed
director
2022-07-26
➕
PRATT, Stephanie Elizabeth appointed
director
2022-05-31
➖
ALLAN, Margaret Jean resigned
director
2022-05-31
➖
NICOL, Craig Orr resigned
director
2019-12-16
➖
SEMBAY, Ronald Peter Nissen resigned
director
2019-04-25
➕
DUFF, Susan Margaret appointed
director
2019-04-25
➕
HAMILTON, Ronald Grant appointed
director
2019-04-25
➕
MACKAY, Kenneth Richard appointed
director

Showing most recent 50 of 132 events

Owner dependency

63/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-26 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 67 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

50/100

Moderate signal

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.

Red flags

1 med · 1 low

4 director resignations in last 12 months

medium

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

Evidence: THORNTONS LAW LLP resigned 2026-01-21; ETHERINGTON, David Murray resigned 2025-07-22; GRANT, Alexander Graham resigned 2025-05-29

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Thorntons Law Llp is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Thorntons Law Llp

Corporate parent · holds 75-100% shares

ultimate parent

⬇

PAGAN OSBORNE & GRACE TRUSTEES LIMITED

This company · SC053687

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Thorntons Law Llp Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	01/09/2017

3 historic (ceased) PSCs

Mr Alistair Lindsay Morrisceased 01/09/2017· 50-75% shares
Mr Colin Malcolm Clarkceased 01/09/2017· significant influence · trust interest · firm interest
Ms Elizabeth Lilian Calderwoodceased 01/09/2017· significant influence · trust interest · firm interest

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 · Professional services · DD postcode area

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A R WASTE CONSULTING LIMITED→ SC385557 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
AMZTEC ACCOUNTING LTD→ SC621522 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
APEX ACOUSTICS SOUND SERVICES LTD.→ SC212199 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
ARCK CONSULTING LTD→ SC835375 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
ASK CS LIMITED→ SC353283 · est 2009 · no financials extracted	—	—	—	—	17y	—	—
BELLMOOG LTD→ SC853935 · est 2025 · no financials extracted	—	—	—	—	—	—	—
BH WIND TECH LTD→ SC773488 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
BONNHEAT LIMITED→ SC307060 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
BOWIE MCINTOSH CONSULTING LTD→ SC622627 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
BRAND RENTALS LIMITED→ SC689685 · est 2021 · no financials extracted	—	—	—	—	5y	—	—
BRIANDUNBARSERVICES LTD→ SC829932 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
BRIGHT CHILLI LIMITED→ SC302114 · est 2006 · no financials extracted	—	—	—	—	19y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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

Statusactive

Typeltd

Incorporated1973-07-30

Jurisdictionscotland

Primary SIC69102 — Solicitors

Registered office

Whitehall House

33 Yeaman Shore

Dundee

DD1 4BJ

Scotland

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-01-04

Last: 2025-12-21