CALEDONIAN HERITABLE LIMITED

🌳Matureactive
SC076552 · ltd · incorporated 1981-11-06
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
80/100
Exceptional
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. 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

16 live charges · 4 lenders · oldest 43.6y

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 43.6 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 50/100 (high).

Data confidence

Overall: medium (61/100)

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
0
Lenders & charges
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
11 officers (5 active, 11 linked, 10 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
29 connected companies via shared directors
90
Filing history
171 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2025-08-04
    📄
    accounts-with-accounts-type-group
    accounts · AA
  2. 2025-04-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2025-03-24
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  4. 2025-03-10
    OWENS, Michael resigned
    director
  5. 2025-03-04
    YOUNGER, Thomas Alexander Kenneth appointed
    director
  6. 2025-03-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2024-07-23
    📄
    accounts-with-accounts-type-group
    accounts · AA
  8. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-07-31
    📄
    accounts-with-accounts-type-group
    accounts · AA
  10. 2022-07-20
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2021-07-19
    GRYCUK, Fiona Mackinnon resigned
    secretary
  12. 2021-07-19
    GRYCUK, Fiona Mackinnon resigned
    director
  13. 2021-07-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-07-19
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2021-07-19
    📄
    accounts-with-accounts-type-group
    accounts · AA
  16. 2020-11-04
    📄
    accounts-with-accounts-type-group
    accounts · AA
  17. 2019-06-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  18. 2018-08-01
    📄
    accounts-with-accounts-type-group
    accounts · AA
  19. 2017-11-14
    📄
    resolution
    resolution · RESOLUTIONS
  20. 2017-08-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  21. 2016-03-29
    🔓
    Charge satisfied #12
  22. 2016-03-29
    🔓
    Charge satisfied #11
  23. 2016-03-29
    🔓
    Charge satisfied #9
  24. 2016-03-29
    🔓
    Charge satisfied #8
  25. 2016-03-29
    🔓
    Charge satisfied #7
  26. 2016-03-29
    🔓
    Charge satisfied #6
  27. 2016-03-29
    🔓
    Charge satisfied #5
  28. 2015-09-24
    RUSSELL, Gordon Iain appointed
    director
  29. 2015-09-24
    LAING, Thomas Fleming resigned
    director
  30. 2014-10-29
    CRAWFORD, Brian Irmler resigned
    director
  31. 2012-06-04
    🔒
    Charge registered #18
    Lender: Bank of Scotland PLC
  32. 2012-05-30
    🔒
    Charge registered #17
    Lender: Bank of Scotland PLC
  33. 2012-05-25
    🔒
    Charge registered #16
    Lender: Bank of Scotland PLC
  34. 2007-09-15
    🔓
    Charge satisfied #10
  35. 2005-10-24
    GRYCUK, Fiona Mackinnon appointed
    director
  36. 2004-02-16
    🔓
    Charge satisfied #13
  37. 2004-02-16
    🔓
    Charge satisfied #14
  38. 1998-12-07
    JOHNSTON, Brian resigned
    director
  39. 1998-09-10
    CRAWFORD, Brian Irmler appointed
    director
  40. 1994-11-03
    🔒
    Charge registered #15
    Lender: The Governor and Company of the Bank of Scotland
  41. 1994-01-26
    OWENS, Michael appointed
    director
  42. 1993-03-28
    GRYCUK, Fiona Mackinnon appointed
    secretary
  43. 1991-04-05
    ARNOTT, Robert Graeme appointed
    director
  44. 1991-04-05
    GLEN, John Mack appointed
    director
  45. 1991-04-05
    JOHNSTON, Brian appointed
    director
  46. 1991-04-05
    LAING, Thomas Fleming appointed
    director
  47. 1990-07-25
    🔒
    Charge registered #13
    Lender: Scottish LTD Newcastle Breweries PLC
  48. 1990-07-04
    🔒
    Charge registered #14
    Lender: Scottish & Newcastle Breweries PLC
  49. 1990-07-04
    🔒
    Charge registered #12
    Lender: Scottish & Newcastle Breweries PLC
  50. 1990-07-04
    🔒
    Charge registered #11
    Lender: Scottish & Newcastle Breweries PLC
Showing most recent 50 of 62 events

Owner dependency

65/100
High — earn-out structure required

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

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 38 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

80/100
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 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 38 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·
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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Kevin Michael Doyle
Individual · British · DOB 05/1947 · age 79
5075%
50-75% shares28/03/2017

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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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
Incorporated1981-11-06
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

46 Charlotte Square
Edinburgh
EH2 4HQ
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-03-05
Last: 2026-02-19

Officers (5 active · 6 resigned)

ARNOTT, Robert Graeme
director · ~69y · appointed 1991-04-05
View their other companies + combined net worth →
Active
DOYLE, Kevin Michael
director · ~79y · appointed 1987-10-28
View their other companies + combined net worth →
Active
GLEN, John Mack
director · ~74y · appointed 1991-04-05
View their other companies + combined net worth →
Active
RUSSELL, Gordon Iain
director · ~55y · appointed 2015-09-24
View their other companies + combined net worth →
Active
YOUNGER, Thomas Alexander Kenneth
director · ~62y · appointed 2025-03-04
View their other companies + combined net worth →
Active
GRYCUK, Fiona Mackinnon
secretary · appointed 1993-03-28 · resigned 2021-07-19
Resigned
CRAWFORD, Brian Irmler
director · ~66y · appointed 1998-09-10 · resigned 2014-10-29
Resigned
GRYCUK, Fiona Mackinnon
director · ~65y · appointed 2005-10-24 · resigned 2021-07-19
Resigned
JOHNSTON, Brian
director · ~83y · appointed 1991-04-05 · resigned 1998-12-07
Resigned
LAING, Thomas Fleming
director · ~79y · appointed 1991-04-05 · resigned 2015-09-24
Resigned
OWENS, Michael
director · ~86y · appointed 1994-01-26 · resigned 2025-03-10
Resigned

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

Mortgages & charges

16
Total charges
4
Outstanding
1
Active lenders
Status:Lender:16 of 16 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property04/06/2012
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property30/05/2012
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property25/05/2012
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property03/11/1994
satisfied
Scottish Newcastle Breweries
Scottish LTD Newcastle Breweries PLC
Standard security1 property25/07/199016/02/2004
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199016/02/2004
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199015/09/2007
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security2 properties04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security2 properties04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199029/03/2016
satisfied
Scottish & Newcastle Breweries
Scottish & Newcastle Breweries PLC
Standard security1 property04/07/199029/03/2016
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property02/09/198229/01/1988
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Letter of offset1 property02/09/198229/01/1988
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (171 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-19
accounts-with-accounts-type-group
accounts · AA
2025-08-04
change-person-director-company-with-change-date
officers · CH01
2025-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
termination-director-company-with-name-termination-date
officers · TM01
2025-03-24
appoint-person-director-company-with-name-date
officers · AP01
2025-03-04
accounts-with-accounts-type-group
accounts · AA
2024-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-28
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
accounts-with-accounts-type-group
accounts · AA
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-29
accounts-with-accounts-type-group
accounts · AA
2022-07-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
termination-director-company-with-name-termination-date
officers · TM01
2021-07-19
termination-secretary-company-with-name-termination-date
officers · TM02
2021-07-19