LOCHBARR SERVICES LIMITED

🌳Matureactive

SC110565 · ltd · incorporated 1988-04-14

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 Jun 2025

Net worth

£14.1k

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 78/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (63/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 37.0y

35/100

too messy

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

· Oldest live charge is 37.0 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

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

6 officers (3 active, 6 linked, 4 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

104 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)

Positive net assets

Net assets £14,086

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£14k

↑ 548% YoY

Current Assets

£34k

↑ 58% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)

Metric	2025-06-30	2024-06-30
Total assets	£14.1k	£2.2k
Current assets	£34.2k	£21.6k
Net assets	£14.1k	£2.2k

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

filing

• 1 accounts

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (27 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-25
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-15
📄
resolution
resolution · RESOLUTIONS
2019-07-02
📄
capital-name-of-class-of-shares
capital · SH08
2019-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2019-06-25
📄
change-person-director-company-with-change-date
officers · CH01
2019-06-25
📄
change-person-secretary-company-with-change-date
officers · CH03
2019-06-25
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-01-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-12-05
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2006-10-25
➕
MILLIGAN, Evelyn appointed
secretary
2006-10-25
➖
MILLIGAN, Barbara Watt resigned
secretary
2006-10-25
➖
MILLIGAN, Barbara Watt resigned
director
2006-10-25
➖
MILLIGAN, Thomas resigned
director
2004-08-23
➕
MILLIGAN, Evelyn appointed
director
2004-08-23
➕
MILLIGAN, Scott appointed
director
1991-01-22
🔒
Charge registered #4
Lender: Gulf Oil (Great Britain) LTD
1990-01-12
🔒
Charge registered #3
Lender: Scottish & Newcastle Breweries PLC
1989-04-18
🔒
Charge registered #2
Lender: Scottish and Newcastle Breweries PLC
1989-04-18
🔒
Charge registered #1
Lender: Scottish and Newcastle Breweries PLC
1988-04-14
🏢
Company incorporated
As LOCHBARR SERVICES LIMITED

Owner dependency

76/100

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.
+Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

66/100

Strong succession signal

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

SIGNALS

secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 38 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

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr Scott Milligan Individual · British · DOB 02/1974 · age 52	50–75%	—	50-75% shares	24/06/2016
Miss Evelyn Milligan Individual · British · DOB 10/1972 · age 54	25–50%	—	25-50% shares	24/06/2016

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

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KILMARTIN HOUSE TRADING CO LTD.→ SC166302 · est 1996 · no financials extracted	—	—	—	—	29y	—	—
KILMARTIN MUSEUM COMPANY LTD→ SC502086 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
LETHINGTON LEISURE LIMITED→ SC291431 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
LISTYSCENIC LTD→ SC828005 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
LIVE ARGYLL→ SC569568 · est 2017 · no financials extracted	—	—	—	—	8y	—	—
LOCH GOIL WATERSPORTS CLUB LTD→ SC606639 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
LOCHS BENS & GLENS LTD→ SC834468 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
LOLO MILLER GOLF LIMITED→ SC830962 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
LOU DUNC GOLF LIMITED→ SC735418 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
LUMARIAS PRESS LTD→ SC871118 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LUNDERSTON LIMITED→ SC821973 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
LUXE & BEYOND LTD→ SC786368 · est 2023 · no financials extracted	—	—	—	—	2y	—	—

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

Statusactive

Typeltd

Incorporated1988-04-14

Jurisdictionscotland

Primary SIC93110 — Operation of sports facilities

Registered office

Newton Of Barr

Lochwinnoch

Renfrewshire

PA12 4JB

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-07-08

Last: 2025-06-24

Officers (3 active · 3 resigned)

MILLIGAN, Evelyn→

secretary · appointed 2006-10-25

View their other companies + combined net worth →

Active

MILLIGAN, Evelyn→

director · ~54y · appointed 2004-08-23

View their other companies + combined net worth →

Active

MILLIGAN, Scott→

director · ~52y · appointed 2004-08-23

View their other companies + combined net worth →

Active

MILLIGAN, Barbara Watt→

secretary · resigned 2006-10-25

Resigned

MILLIGAN, Barbara Watt→

director · ~82y · resigned 2006-10-25

Resigned

MILLIGAN, Thomas→

director · ~87y · resigned 2006-10-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:4 of 4 shown

		Type	Properties
outstanding	Gulf Oil (Great Britain) Gulf Oil (Great Britain) LTD	Standard security	1 property	22/01/1991	—
outstanding	Scottish & Newcastle Breweries Scottish & Newcastle Breweries PLC	Standard security	1 property	12/01/1990	—
outstanding	Scottish and Newcastle Breweries Scottish and Newcastle Breweries PLC	Standard security	1 property	18/04/1989	—
outstanding	Scottish and Newcastle Breweries Scottish and Newcastle Breweries PLC	Bond & floating charge	1 property	18/04/1989	—

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