ABRDN ALTERNATIVE FUNDS LIMITED
🌳Matureactive
SC111488 · ltd · incorporated 1988-06-07
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
70/100
Strong
What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. 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 (73/100).
🏦
Refinance opportunity
7 live charges · 3 lenders · oldest 5.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 5.0 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: 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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
41 officers (5 active, 41 linked, 33 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
16 connected companies via shared directors
90
Filing history
230 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 mortgage
Last 180 days
1
filing
- • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (101 events)Click to expand
- 2026-01-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2026-01-26🔒Charge registered #7Lender: National Australia Bank Limited as Secured Party
- 2025-06-03📄accounts-with-accounts-type-fullaccounts · AA
- 2025-04-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-04-09📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-04-07➕MACKAY, Greg Neil appointeddirector
- 2025-04-07➖KWIATKOWSKI, Martin Alan, Mr. resigneddirector
- 2024-06-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-06-13🔒Charge registered #6Lender: National Australia Bank Limited as Secured Party
- 2024-05-16📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-07📄mortgage-charge-whole-cease-and-release-with-charge-numbermortgage · MR05
- 2024-03-07📄mortgage-charge-whole-cease-and-release-with-charge-numbermortgage · MR05
- 2024-03-07📄mortgage-charge-whole-cease-and-release-with-charge-numbermortgage · MR05
- 2024-03-07📄mortgage-charge-whole-cease-and-release-with-charge-numbermortgage · MR05
- 2023-10-02📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-09-30➖MACHRAY, Neil Lindsay Nicholson resigneddirector
- 2023-08-18📍change-sail-address-company-with-old-address-new-addressaddress · AD02
- 2023-08-18📄change-person-director-company-with-change-dateofficers · CH01
- 2023-06-02📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-25✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2022-11-25✏️change-of-name-request-commentschange-of-name · NM06
- 2022-06-13📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-06-10➕BREEN, Anne Kathryn appointeddirector
- 2022-05-25📄accounts-with-accounts-type-fullaccounts · AA
- 2022-03-03📄change-person-director-company-with-change-dateofficers · CH01
- 2022-03-03📄change-person-director-company-with-change-dateofficers · CH01
- 2022-01-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-01-09➖ALONZI, Paolo resigneddirector
- 2021-12-31➖FRICKE, Barry Colin resigneddirector
- 2021-11-05➕SMART, Emily Jane appointeddirector
- 2021-11-05➖MCKILLOP, Robert John resigneddirector
- 2021-09-21➕MACHRAY, Neil Lindsay Nicholson appointeddirector
- 2021-09-08➖MITCHELL, Aron William resigneddirector
- 2021-08-18🔒Charge registered #5Lender: Societe Generale (As Security Agent)
- 2021-08-18🔒Charge registered #4Lender: Societe Generale (As Security Agent)
- 2021-06-11🔒Charge registered #3Lender: Societe Generale (As Security Agent)
- 2021-06-11🔒Charge registered #2Lender: Societe Generale (As Security Agent)
- 2021-05-31➕SHANKS, Adam George appointeddirector
- 2021-05-31➖DONALDSON, Allison resigneddirector
- 2021-05-31➖MARSHALL, Gary Robert resigneddirector
- 2021-05-31➕MCKILLOP, Robert John appointeddirector
- 2021-04-21🔒Charge registered #1Lender: National Australia Bank Limited
- 2021-03-02➖KIDD, Holly Sylvia resignedsecretary
- 2021-03-02➕ALONZI, Paolo appointeddirector
- 2021-03-02➕FRICKE, Barry Colin appointeddirector
- 2020-09-24➕ABRDN CORPORATE SECRETARY LIMITED appointedcorporate-secretary
- 2020-05-15➕MITCHELL, Aron William appointeddirector
- 2020-01-06➕MARSHALL, Gary Robert appointeddirector
- 2019-12-17➕DONALDSON, Allison appointeddirector
- 2019-12-09➖ACHESON, Alan Stephen resigneddirector
Showing most recent 50 of 101 events
Owner dependency
40/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
Succession & seller-readiness
30/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
Red flags
1 low7 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Abrdn Investment Management Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Abrdn Investment Management Limited
Corporate parent · holds 75-100% shares · board control
⬇
ABRDN ALTERNATIVE FUNDS LIMITED
This company · SC111488
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Abrdn Investment Management Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
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| COMPASS WEALTH INTERNATIONAL LIMITED→ SC641418 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
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| CROCODILE CLIPS (TRUSTEES) LIMITED→ SC224152 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CROMBIE CAPITAL TRANCOSO LIMITED→ SC402025 · est 2011 · no financials extracted | — | — | — | — | 14y | — | — |
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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
Incorporated1988-06-07
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified
Registered office
1 George Street
Edinburgh
EH2 2LL
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-25
Last: 2025-06-11
Officers (5 active · 36 resigned)
ABRDN CORPORATE SECRETARY LIMITED→
Activecorporate-secretary · appointed 2020-09-24
View their other companies + combined net worth →
BREEN, Anne Kathryn→
Activedirector · ~54y · appointed 2022-06-10
View their other companies + combined net worth →
MACKAY, Greg Neil→
Activedirector · ~51y · appointed 2025-04-07
View their other companies + combined net worth →
SHANKS, Adam George→
Activedirector · ~42y · appointed 2021-05-31
View their other companies + combined net worth →
SMART, Emily Jane→
Activedirector · ~51y · appointed 2021-11-05
View their other companies + combined net worth →
BURNS, David John→
Resignedsecretary · appointed 2010-08-01 · resigned 2016-05-13
FOTHERINGHAM, David Drysdale→
Resignedsecretary · appointed 1993-11-15 · resigned 1996-03-01
GRAY, Archibald James Angus Macuish→
Resignedsecretary · resigned 1993-11-14
KIDD, Holly Sylvia→
Resignedsecretary · appointed 2016-05-13 · resigned 2021-03-02
O'BRIEN, Vincent Joseph→
Resignedsecretary · appointed 2003-10-16 · resigned 2010-08-01
SOMERVILLE, Peter Walter→
Resignedsecretary · appointed 1996-03-01 · resigned 1999-10-15
STUBBS, Peter Anthony→
Resignedsecretary · appointed 1999-10-15 · resigned 2003-10-15
ACHESON, Alan Stephen→
Resigneddirector · ~66y · appointed 2016-07-13 · resigned 2019-12-09
AIREY, Lawrence, Sir→
Resigneddirector · ~100y · resigned 1994-03-22
ALONZI, Paolo→
Resigneddirector · ~54y · appointed 2021-03-02 · resigned 2022-01-09
BELL, Alexander Scott→
Resigneddirector · ~85y · resigned 1999-10-15
BURTON, Alan Christopher→
Resigneddirector · ~83y · appointed 1999-10-15 · resigned 2003-11-15
CAMPBELL, Stephen→
Resigneddirector · ~56y · appointed 2016-10-28 · resigned 2019-06-20
CONNOLLY, Mark→
Resigneddirector · ~67y · appointed 2005-10-21 · resigned 2009-03-15
CROMBIE, Alexander Maxwell, Sir→
Resigneddirector · ~77y · appointed 1999-10-15 · resigned 2004-01-28
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
7
Outstanding
3
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | National Australia Bank as Secured Party National Australia Bank Limited as Secured Party | A registered charge | — | 26/01/2026 | — | |
| outstanding | National Australia Bank as Secured Party National Australia Bank Limited as Secured Party | A registered charge | — | 13/06/2024 | — | |
| outstanding | Societe Generale (As Security Agent) | A registered charge | — | 18/08/2021 | — | |
| outstanding | Societe Generale (As Security Agent) | A registered charge | — | 18/08/2021 | — | |
| outstanding | Societe Generale (As Security Agent) | A registered charge | — | 11/06/2021 | — | |
| outstanding | Societe Generale (As Security Agent) | A registered charge | — | 11/06/2021 | — | |
| outstanding | National Australia Bank National Australia Bank Limited | A registered charge | 1 property | 21/04/2021 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (230 total)
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-11
accounts-with-accounts-type-full
accounts · AA
2025-06-03
appoint-person-director-company-with-name-date
officers · AP01
2025-04-09
termination-director-company-with-name-termination-date
officers · TM01
2025-04-09
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-11
accounts-with-accounts-type-full
accounts · AA
2024-05-16
mortgage-charge-whole-cease-and-release-with-charge-number
mortgage · MR05
2024-03-07
mortgage-charge-whole-cease-and-release-with-charge-number
mortgage · MR05
2024-03-07
mortgage-charge-whole-cease-and-release-with-charge-number
mortgage · MR05
2024-03-07
mortgage-charge-whole-cease-and-release-with-charge-number
mortgage · MR05
2024-03-07
termination-director-company-with-name-termination-date
officers · TM01
2023-10-02
change-sail-address-company-with-old-address-new-address
address · AD02
2023-08-18
change-person-director-company-with-change-date
officers · CH01
2023-08-18