COVENANTERS INN LIMITED

⚰️Wound downdissolved
SC100343 · ltd · incorporated 1986-07-31
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 5510
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 62). 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

7 live charges · 3 lenders · oldest 38.9y

35/100
too messy

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

  • · Oldest live charge is 38.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: low (49/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
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 (63 events)Click to expand
  1. 2012-02-24
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2012-02-24
    🏁
    Company dissolved
  3. 2011-11-04
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2011-10-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  5. 2011-10-20
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2011-01-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2010-10-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2010-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2010-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2010-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2010-01-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2009-05-08
    📄
    accounts-with-made-up-date
    accounts · AA
  13. 2009-01-19
    📄
    legacy
    annual-return · 363a
  14. 2008-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2008-01-08
    📄
    legacy
    annual-return · 363a
  16. 2007-10-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2007-01-23
    📄
    legacy
    annual-return · 363a
  18. 2006-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2006-12-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2006-10-04
    📄
    legacy
    mortgage · 419a(Scot)
  21. 2006-10-04
    🔓
    Charge satisfied #8
  22. 2006-06-08
    📄
    legacy
    annual-return · 363a
  23. 2006-05-08
    📍
    legacy
    address · 287
  24. 2005-11-26
    📄
    legacy
    mortgage · 419a(Scot)
  25. 2005-11-26
    🔓
    Charge satisfied #7
  26. 2005-10-07
    📄
    legacy
    officers · 288b
  27. 2005-10-07
    📄
    legacy
    officers · 288b
  28. 2005-10-07
    📄
    legacy
    officers · 288b
  29. 2005-09-18
    ➕
    LAVIZANI, Sylvia appointed
    secretary
  30. 2005-09-18
    ➕
    LAVIZANI, Michael appointed
    director
  31. 2005-09-18
    ➕
    LAVIZANI, Sylvia appointed
    director
  32. 2005-09-18
    ➖
    BROWN, John William resigned
    secretary
  33. 2005-09-18
    ➖
    BROWN, John William resigned
    director
  34. 2005-09-18
    ➖
    CAMPBELL, Alistair Ramsay resigned
    director
  35. 2005-09-18
    ➖
    CHARLESON, Kenneth Harvey resigned
    director
  36. 2005-09-18
    ➖
    ROSS, Elliot Wallace resigned
    director
  37. 2005-09-18
    ➖
    ROSS, Peter Angus resigned
    director
  38. 2002-12-18
    ➕
    CHARLESON, Kenneth Harvey appointed
    director
  39. 2000-02-25
    🔓
    Charge satisfied #5
  40. 2000-02-23
    🔓
    Charge satisfied #6
  41. 2000-02-22
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  42. 2000-01-24
    ➖
    WHILLIS, Selby Carter resigned
    director
  43. 1999-12-16
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  44. 1999-01-07
    ➕
    BROWN, John William appointed
    secretary
  45. 1999-01-07
    ➖
    CHALMERS, Robert Stanley resigned
    secretary
  46. 1999-01-07
    ➕
    BROWN, John William appointed
    director
  47. 1998-01-08
    ➖
    CHALMERS, Robert Stanley resigned
    director
  48. 1997-04-28
    ➖
    WEBSTER, Peter Stevenson resigned
    director
  49. 1995-06-01
    ➕
    CHALMERS, Robert Stanley appointed
    secretary
  50. 1995-06-01
    ➖
    WHILLIS, Selby Carter resigned
    secretary
Showing most recent 50 of 63 events

Owner dependency

84/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 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

1 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2012-02-24

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

7 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
Incorporated1986-07-31
Jurisdictionscotland
Primary SIC5510 — SIC 5510

Registered office

Silverwells House
114 Cadzow Street
Hamilton
South Lanarkshire
ML3 6HP

Filing status

Accounts
Next due: —
Last made up to: 2011-01-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 12 resigned)

LAVIZANI, Sylvia→
secretary · appointed 2005-09-18
View their other companies + combined net worth →
Active
LAVIZANI, Michael→
director · ~62y · appointed 2005-09-18
View their other companies + combined net worth →
Active
LAVIZANI, Sylvia→
director · ~53y · appointed 2005-09-18
View their other companies + combined net worth →
Active
BROWN, John William→
secretary · appointed 1999-01-07 · resigned 2005-09-18
Resigned
CHALMERS, Robert Stanley→
secretary · appointed 1995-06-01 · resigned 1999-01-07
Resigned
WHILLIS, Selby Carter→
secretary · resigned 1995-06-01
Resigned
BROWN, John William→
director · ~82y · appointed 1999-01-07 · resigned 2005-09-18
Resigned
CAMPBELL, Alistair Ramsay→
director · ~75y · appointed 1992-08-17 · resigned 2005-09-18
Resigned
CHALMERS, Robert Stanley→
director · ~92y · appointed 1992-08-17 · resigned 1998-01-08
Resigned
CHARLESON, Kenneth Harvey→
director · ~60y · appointed 2002-12-18 · resigned 2005-09-18
Resigned
DIPPIE, James Gordon→
director · ~105y · resigned 1993-04-30
Resigned
ROSS, Elliot Wallace→
director · ~90y · resigned 2005-09-18
Resigned
ROSS, Peter Angus→
director · ~90y · resigned 2005-09-18
Resigned
WEBSTER, Peter Stevenson→
director · ~70y · appointed 1992-08-17 · resigned 1997-04-28
Resigned
WHILLIS, Selby Carter→
director · ~97y · resigned 2000-01-24
Resigned

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

Mortgages & charges

7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/02/200004/10/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property16/12/199926/11/2005
satisfied
Northern Rock Building Society
Standard security1 property23/05/199523/02/2000
satisfied
Northern Rock Building Society
Bond & floating charge1 property18/05/199525/02/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property03/12/199024/05/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property13/09/199024/05/1995
satisfied
The British Linen Bank
The British Linen Bank LTD
Standard security1 property15/06/198717/10/1990

Recent filings (113 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-02-24
gazette-notice-voluntary
gazette · GAZ1(A)
2011-11-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-10-21
dissolution-application-strike-off-company
dissolution · DS01
2011-10-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-01-18
accounts-with-accounts-type-dormant
accounts · AA
2010-10-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-20
change-person-director-company-with-change-date
officers · CH01
2010-01-20
change-person-director-company-with-change-date
officers · CH01
2010-01-20
change-person-secretary-company-with-change-date
officers · CH03
2010-01-20
accounts-with-made-up-date
accounts · AA
2009-05-08
legacy
annual-return · 363a
2009-01-19
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-08-27
legacy
annual-return · 363a
2008-01-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-10-26