CHECKER LEATHER LIMITED

🌳Matureactive

SC069706 · ltd · incorporated 1979-10-22

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 Nov 2025

Net worth

—

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Wholesale of clothing and footwear

Sector: Wholesale & retail

Investor take

Pursue

Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (65/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 7 lenders · oldest 39.9y

35/100

too messy

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

· Oldest live charge is 39.9 years old — likely at or near maturity.
· 7 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (78/100)

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

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

Directors & officers

11 officers (3 active, 11 linked, 8 with DOB)

Ownership & PSC

2 active PSC(s) of 5 total, 5 with control declared

Director network

Network not yet resolved

Filing history

151 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review 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	2025-11-30	2024-11-30
Average employees	1100	0

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

🔒Filing-note intelligence

2 signals 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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filings

• 2 officers
• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (48 events)Click to expand

2026-04-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-04
➖
FINCH, Robert William Gibon resigned
director
2025-12-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-12-01
➖
COLLINGE, Ian Howard resigned
director
2025-06-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-06
📄
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-06
🔓
Charge satisfied #8
2025-06-06
🔓
Charge satisfied #7
2025-03-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-24
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-29
➖
SIFTON, Michael resigned
director
2024-04-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-02
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-10-05
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2018-10-05
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2018-09-18
🔒
Charge registered #8
Lender: Bdc Capital Inc.
2017-08-04
🔓
Charge satisfied #5
2017-08-04
🔓
Charge satisfied #1
2017-07-14
➕
HARRIS, Jonathan appointed
secretary
2017-07-14
➕
HARRIS, Jonathan appointed
director
2017-07-14
➕
HILL, Rhonda appointed
director
2017-07-14
➖
PATTISON, Agnes Janet resigned
secretary
2017-07-14
➖
LATIMER, Scott Forsyth resigned
director
2017-07-14
➖
PATTISON, Agnes Janet resigned
director
2017-07-14
➖
PATTISON, Peter Wilson resigned
director
2017-07-14
➕
SIFTON, Michael appointed
director
2017-07-14
🔒
Charge registered #7
Lender: Scott Forsyth Latimer
2017-07-14
🔒
Charge registered #6
Lender: The Bank of Nova Scotia
2017-06-08
🔓
Charge satisfied #3
2012-10-26
🔒
Charge registered #5
Lender: Clydesdale Bank PLC
2010-01-01
➕
COLLINGE, Ian Howard appointed
director
2008-10-11
🔓
Charge satisfied #4
2005-12-15
➕
FINCH, Robert William Gibon appointed
director
2003-06-13
🔓
Charge satisfied #2
2001-11-13
🔒
Charge registered #4
Lender: Lloyds Tsb Commercial Finance Limited
1995-11-20
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
1993-03-23
🔒
Charge registered #2
Lender: Enterprise Ayrshire
1992-05-26
➕
LATIMER, Scott Forsyth appointed
director
1990-06-21
➖
PATTISON, Laurence Wilson resigned
director
1986-05-13
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1979-10-22
🏢
Company incorporated
As CHECKER LEATHER LIMITED

Owner dependency

66/100

High — earn-out structure required

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

FACTORS

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Senior director age: Director aged approximately 63 — approaching natural succession window.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

2 med ·

2 director resignations in last 12 months

medium

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

Evidence: COLLINGE, Ian Howard resigned 2025-12-01; FINCH, Robert William Gibon resigned 2025-12-04

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.

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Jonathan Harris Individual · Canadian · DOB 01/1963 · age 63	50–75%	50–75%	board control50-75% shares · 50-75% voting · board control	14/07/2017
Michael Sifton Individual · Canadian · DOB 03/1960 · age 66	25–50%	25–50%	25-50% shares · 25-50% voting	14/07/2017

3 historic (ceased) PSCs

Mr Scott Forsyth Latimerceased 14/07/2017· 25-50% shares
Mr Peter Wilson Pattisonceased 14/07/2017· 25-50% shares
Ms Agnes Janet Pattisonceased 14/07/2017· 25-50% shares

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

Similar companies

Active · Wholesale & distribution · KA postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CROWN STREET LIGHTING LTD→ SC602203 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
CUNNINGHAM TRUCK PARTS LIMITED→ SC285268 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
DAITHI MUSIC UK LIMITED→ SC822155 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
DIRT B GONE LTD→ SC414166 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
DUCTWORK SUPPLIES LIMITED→ SC632944 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
ELYSIAN PROFESSIONAL LTD→ SC844355 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
EOM WORLD LTD→ SC766022 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
ERGOHUMAN LTD→ SC788376 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
FAIRLIE WOODFUELS (SCOTLAND) LIMITED→ SC867684 · est 2025 · no financials extracted	—	—	—	—	—	—	—
FOREVER PRINTWORKS LTD→ SC677773 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
FORTE HEALTHCARE LIMITED→ SC232120 · est 2002 · no financials extracted	—	—	—	—	23y	—	—
FRONTLINE SPIRITS LTD→ SC851369 · est 2025 · no financials extracted	—	—	—	—	—	—	—

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

🔒Tailored diligence questions

6 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

Incorporated1979-10-22

Jurisdictionscotland

Primary SIC46420 — Wholesale of clothing and footwear

Registered office

Unit 2 Western Road Industrial Estate

Crathie Road

Kilmarnock

Ayrshire

KA3 1LU

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-12-15

Last: 2025-12-01

Officers (3 active · 8 resigned)

HARRIS, Jonathan→

secretary · appointed 2017-07-14

View their other companies + combined net worth →

Active

HARRIS, Jonathan→

director · ~63y · appointed 2017-07-14

View their other companies + combined net worth →

Active

HILL, Rhonda→

director · ~57y · appointed 2017-07-14

View their other companies + combined net worth →

Active

PATTISON, Agnes Janet→

secretary · resigned 2017-07-14

Resigned

COLLINGE, Ian Howard→

director · ~63y · appointed 2010-01-01 · resigned 2025-12-01

Resigned

FINCH, Robert William Gibon→

director · ~79y · appointed 2005-12-15 · resigned 2025-12-04

Resigned

LATIMER, Scott Forsyth→

director · ~81y · appointed 1992-05-26 · resigned 2017-07-14

Resigned

PATTISON, Agnes Janet→

director · ~76y · resigned 2017-07-14

Resigned

PATTISON, Laurence Wilson→

director · resigned 1990-06-21

Resigned

PATTISON, Peter Wilson→

director · ~77y · resigned 2017-07-14

Resigned

SIFTON, Michael→

director · ~66y · appointed 2017-07-14 · resigned 2024-08-29

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:8 of 8 shown

		Type	Properties
satisfied	Bdc Capital . Bdc Capital Inc.	A registered charge	—	18/09/2018	06/06/2025
satisfied	Scott Forsyth Latimer / Agnes Janet Pattison / Peter Wilson Pattison	A registered charge	—	14/07/2017	06/06/2025
outstanding	The Bank of Nova Scotia	A registered charge	—	14/07/2017	—
satisfied	Virgin Money Clydesdale Bank PLC	Floating charge	1 property	26/10/2012	04/08/2017
satisfied	Lloyds Banking Group Lloyds Tsb Commercial Finance Limited	Floating charge	1 property	13/11/2001	11/10/2008
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	20/11/1995	08/06/2017
satisfied	Enterprise Ayrshire	Floating charge	1 property	23/03/1993	13/06/2003
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	13/05/1986	04/08/2017

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

Recent filings (151 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-04-14

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-12-16

termination-director-company-with-name-termination-date

officers · TM01

2025-12-09

termination-director-company-with-name-termination-date

officers · TM01

2025-12-02

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-06

mortgage-satisfy-charge-full

mortgage · MR04

2025-06-06

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-03-18

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-12-13

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC01

2024-10-24

termination-director-company-with-name-termination-date

officers · TM01

2024-09-25

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-04-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-12-18

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-03-22

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-12-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-05-05