MDH 123 LIMITED
🌳Matureactive
SC115181 · ltd · incorporated 1988-12-15
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 Sept 2024
Net worth
£663.0k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
PursueAsset-holding vehicle with a 69-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
13 live charges · 8 lenders · oldest 36.5y
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 36.5 years old — likely at or near maturity.
- · 8 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 12 with DOB)
86
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
179 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £663,000
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£663k
~ YoY
Current Assets
£1.4m
~ YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-09-26 | 2023-09-28 |
|---|---|---|
| Total assets | £663.0k | £663.0k |
| Current assets | £1.38M | £1.38M |
| Net assets | £663.0k | £663.0k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
1
filing
- • 1 confirmation-statement
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
- 2025-06-20📄change-person-director-company-with-change-dateofficers · CH01
- 2025-06-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-06-04📄second-filing-of-confirmation-statement-with-made-up-dateconfirmation-statement · RP04CS01
- 2025-06-03📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-05-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2025-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2025-05-15📄change-person-director-company-with-change-dateofficers · CH01
- 2024-12-30📍move-registers-to-registered-office-company-with-new-addressaddress · AD04
- 2024-06-17📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-02-21🔓Charge satisfied #13
- 2024-02-21🔓Charge satisfied #12
- 2024-02-21🔓Charge satisfied #11
- 2024-02-21🔓Charge satisfied #10
- 2024-02-21🔓Charge satisfied #9
- 2023-10-23📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2023-06-13📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-12-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-12-05➖CARTER, Phil resigneddirector
- 2022-10-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-24📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-21📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-20➕GILLIES, Hugh appointeddirector
- 2022-06-15📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-01-19➕FRASER, Robert Gordon appointeddirector
- 2022-01-07➕CARTER, Phil appointeddirector
- 2022-01-07➖FALLS, Aaron Peter resigneddirector
- 2021-05-19➕FALLS, Aaron Peter appointeddirector
- 2021-05-19➖FRASER, Robert Gordon resigneddirector
- 2020-08-24🔒Charge registered #13Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
- 2020-08-24🔒Charge registered #12Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
- 2019-05-31➖MCBURNIE, Jason resigneddirector
- 2017-02-17➕MCBURNIE, Jason appointeddirector
- 2014-03-19🔒Charge registered #11Lender: Bank of Scotland PLC as Security Trustee for Itself and the Other Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
- 2011-01-18🔓Charge satisfied #8
- 2011-01-18🔓Charge satisfied #6
- 2010-10-29🔒Charge registered #10Lender: Bank of Scotland PLC
- 2010-10-29🔒Charge registered #9Lender: Bank of Scotland PLC
- 2010-07-06➖MACDONALD, Donald John resigneddirector
- 2010-02-18🔓Charge satisfied #7
- 2009-10-01➕FRASER, Robert Gordon appointeddirector
- 2009-10-01➖SMITH, George Robert Theodore resigneddirector
- 2008-04-11➖SMITH, Gerard Henry resigneddirector
- 2005-07-21➖CHRISTIE, Scott Sommervaille resigneddirector
- 2005-03-31➖BUSBY, James George William resigneddirector
- 2001-04-20➕FRASER, Robert Gordon appointedsecretary
Showing most recent 50 of 74 events
Owner dependency
73/100
High — earn-out structure requiredMaterial 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.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. 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 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Macdonald Hotels And Resorts Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Macdonald Hotels And Resorts Limited
Corporate parent · holds 75-100% shares · board control
⬇
MDH 123 LIMITED
This company · SC115181
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 |
|---|---|---|---|---|
Macdonald Hotels And Resorts Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 05/05/2023 |
1 historic (ceased) PSC
- Hsdl Nominees Limitedceased 05/05/2023· 75-100% shares · 75-100% voting · board control
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
Active · Hospitality · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| A S K B HOLDINGS LTD→ SC821745 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| A SANDY'S KITCHEN LIMITED→ SC859004 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| APPIN HOUSE LIMITED→ SC466707 · est 2014 · no financials extracted | — | — | — | — | 12y | — | — |
| ARMANDO'S LITTLE HAVANA LIMITED→ SC832132 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| AROS BEST LTD→ SC868205 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| ARTREZ CAFE LTD→ SC690006 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| ARYANIMRAN LTD→ SC781184 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ASA G45 GROUP LTD→ SC767251 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ASCAP LTD→ SC803366 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| ASHBURN FOODS LTD→ SC877455 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ASHOKA LEISURE LTD→ SC832821 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ASHTON LANE TRADING LTD→ SC866560 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1988-12-15
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
Crutherland House And Spa
Strathaven Road
East Kilbride
G75 0QJ
United Kingdom
Filing status
Accounts
Next due: 2026-06-26
Last made up to: 2024-09-26
Confirmation statement
Next due: 2027-04-14
Last: 2026-03-31
Officers (3 active · 12 resigned)
FRASER, Robert Gordon→
Activesecretary · appointed 2001-04-20
View their other companies + combined net worth →
FRASER, Robert Gordon→
Activedirector · ~69y · appointed 2022-01-19
View their other companies + combined net worth →
GILLIES, Hugh→
Activedirector · ~34y · appointed 2022-10-20
View their other companies + combined net worth →
LEDINGHAM CHALMERS→
Resignedcorporate-nominee-secretary · appointed 1988-12-15 · resigned 2001-04-20
BUSBY, James George William→
Resigneddirector · ~78y · appointed 1992-08-18 · resigned 2005-03-31
CARTER, Phil→
Resigneddirector · ~41y · appointed 2022-01-07 · resigned 2022-12-05
CHRISTIE, Scott Sommervaille→
Resigneddirector · ~61y · appointed 2001-04-20 · resigned 2005-07-21
FALLS, Aaron Peter→
Resigneddirector · ~47y · appointed 2021-05-19 · resigned 2022-01-07
FRASER, Robert Gordon→
Resigneddirector · ~69y · appointed 2009-10-01 · resigned 2021-05-19
MACDONALD, Donald John→
Resigneddirector · ~79y · appointed 1992-08-18 · resigned 2010-07-06
MCBURNIE, Jason→
Resigneddirector · ~48y · appointed 2017-02-17 · resigned 2019-05-31
MCILRATH, Martin Alexander→
Resigneddirector · ~69y · appointed 1992-03-11 · resigned 1996-11-30
SMITH, George Robert Theodore→
Resigneddirector · ~76y · resigned 2009-10-01
SMITH, Gerard Henry→
Resigneddirector · ~76y · appointed 1992-08-18 · resigned 2008-04-11
DURANO LIMITED→
Resignedcorporate-nominee-director · appointed 1988-12-15 · resigned 1991-06-18
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
0
Outstanding
0
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01) | A registered charge | 1 property | 24/08/2020 | 21/02/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01) | A registered charge | — | 24/08/2020 | 21/02/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC as Security Trustee for Itself and the Other Secured Parties (As More Particularly Defined in the Instrument Evidencing the Charge Accompanying This Form MR01) | A registered charge | — | 19/03/2014 | 21/02/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Debenture | 1 property | 29/10/2010 | 21/02/2024 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Bond & floating charge | 1 property | 29/10/2010 | 21/02/2024 | |
| satisfied | Lloyds Banking Group Governor and Company of the Bank of Scotland | Standard security | 1 property | 26/10/1992 | 18/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 19/10/1992 | 18/01/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 16/10/1992 | 18/02/2010 | |
| satisfied | Duncan Lawrie Duncan Lawrie LTD | Bond & floating charge | 1 property | 25/07/1990 | 23/10/1992 | |
| satisfied | Atlantic Medical Atlantic Medical Limited | Standard security | 1 property | 23/05/1990 | 09/01/1991 | |
| satisfied | Duncan Lawrie Duncan Lawrie LTD | Standard security | 1 property | 09/03/1990 | 23/10/1992 | |
| satisfied | First National Commercial Bank First National Commercial Bank PLC | Standard security | 1 property | 27/10/1989 | 23/10/1992 | |
| satisfied | First National Commercial Bank First National Commercial Bank PLC | Bond & floating charge | 1 property | 13/10/1989 | 10/11/1992 |
Recent filings (179 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2025-06-20
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-13
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-06-04
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-03
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-16
change-person-director-company-with-change-date
officers · CH01
2025-05-15
change-person-director-company-with-change-date
officers · CH01
2025-05-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-10
move-registers-to-registered-office-company-with-new-address
address · AD04
2024-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-04
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21