HORTON INTERNATIONAL LIMITED

🌳Matureactive

SC061946 · ltd · incorporated 1977-03-15

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

—

year to Oct 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 82). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 49.0y

35/100

too messy

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

· Oldest live charge is 49.0 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 35/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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

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

Lenders & charges

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

Directors & officers

5 officers (3 active, 5 linked, 3 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

93 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

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	2025-10-31	2024-10-31
Average employees	0	0

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (23 events)Click to expand

2025-11-18
📄
accounts-with-accounts-type-dormant
accounts · AA
2024-11-20
📄
accounts-with-accounts-type-dormant
accounts · AA
2023-11-13
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-11-08
📄
accounts-with-accounts-type-dormant
accounts · AA
2022-07-26
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-12-09
📄
accounts-with-accounts-type-dormant
accounts · AA
2020-03-04
📄
accounts-with-accounts-type-dormant
accounts · AA
2019-05-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-07-02
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2018-07-02
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2018-07-02
📄
change-person-director-company-with-change-date
officers · CH01
2018-06-21
➕
SCOULAR, Davina Emma appointed
secretary
2018-06-21
➖
HORTON-CORCORAN, Andrea resigned
secretary
2017-07-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-01
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-10-14
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2007-03-17
➕
SCOULAR, Davina Emma appointed
director
2006-12-29
➖
HORTON-CORCORAN, Andrea resigned
director
1980-01-24
🔒
Charge registered #3
Lender: The Highlands and Islands Development Board
1977-06-28
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
1977-05-16
🔒
Charge registered #1
Lender: H & I D B
1977-03-15
🏢
Company incorporated
As HORTON INTERNATIONAL LIMITED

Owner dependency

83/100

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.
+Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

89/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondary12+ year tenure: Director in role 19 years.
secondaryStable-but-static management: Company is 49 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Bernard Horton-Corcoran Individual · British · DOB 11/1944 · age 82	50–75%	50–75%	50-75% shares · 50-75% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Active · Other · IV postcode area

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HOLM EVANGELICAL CHURCH→ SC162650 · est 1996	—	—	—	10	30y	83	80y
RAASAY HOUSE COMMUNITY COMPANY LIMITED→ SC200315 · est 1999	—	—	£103.1k	—	26y	83	71y
CLAVIE DEVELOPMENTS LIMITED→ SC124352 · est 1990	—	—	—	0	36y	82	79y
HIGHLAND CHRISTMAS TREES LIMITED→ SC156764 · est 1995	—	—	—	0	31y	82	82y
THE SAFETY ASSOCIATION OF FEDERATED EMPLOYERS→ SC191840 · est 1998	—	—	£432.4k	—	27y	82	62y
BAR - COM (INVERNESS) LIMITED→ SC284142 · est 2005	—	—	£1	—	21y	81	68y
BAR - TEC (SCOTLAND) LIMITED→ SC265426 · est 2004	—	—	£1	—	22y	81	68y
THE ELGIN BRIDGE CENTRE→ SC273493 · est 2004	—	—	£196.5k	—	21y	81	80y
TRANSITION BLACK ISLE→ SC398650 · est 2011 · no financials extracted	—	—	—	—	15y	81	86y
AR DIECAST MODELS LIMITED→ SC290465 · est 2005	—	—	—	—	20y	80	58y
ARDROSS COMMUNITY HALL→ SC181277 · est 1997 · no financials extracted	—	—	—	—	28y	80	65y
BURGHEAD AMENITIES ASSOCIATION→ SC222370 · est 2001	—	—	£127.1k	—	24y	80	69y

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.

See pricing →

Company details

Statusactive

Typeltd

Incorporated1977-03-15

Jurisdictionscotland

Primary SIC99999 — SIC 99999

Registered office

Redwood, 19 Culduthel Road

Inverness

IV2 4AA

Filing status

Accounts

Next due: 2027-07-31

Last made up to: 2025-10-31

Confirmation statement

Next due: 2026-10-05

Last: 2025-09-21

Officers (3 active · 2 resigned)

SCOULAR, Davina Emma→

secretary · appointed 2018-06-21

View their other companies + combined net worth →

Active

HORTON-CORCORAN, Bernard John→

director · ~82y

View their other companies + combined net worth →

Active

SCOULAR, Davina Emma→

director · ~45y · appointed 2007-03-17

View their other companies + combined net worth →

Active

HORTON-CORCORAN, Andrea→

secretary · resigned 2018-06-21

Resigned

HORTON-CORCORAN, Andrea→

director · ~73y · resigned 2006-12-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	The Highlands and Islands Development Board	Instrument of charge	1 property	24/01/1980	—
outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	28/06/1977	—
outstanding	H & I D B	Instrument of charge	1 property	16/05/1977	—

Click column headers to sort. Use filters above to narrow by status and lender.