CAIRNSMILL LIMITED

🌳Matureactive
SC144163 · ltd · incorporated 1993-04-30
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 11.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Activities of head offices
Sector: Professional, scientific & technical
Investor take
Pursue
Active trading company with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 11.1y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 11.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (59/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
103 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red 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 (29 events)Click to expand
  1. 2025-09-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-09-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2023-10-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2022-10-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2021-10-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2021-04-27
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  7. 2020-11-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  8. 2019-05-31
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2018-05-30
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2017-11-09
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  11. 2017-02-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  12. 2016-05-09
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2016-02-03
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2015-06-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-06-12
    📄
    second-filing-of-form-with-form-type-made-up-date
    document-replacement · RP04
  16. 2015-05-05
    📄
    capital-cancellation-shares
    capital · SH06
  17. 2015-04-02
    🔒
    Charge registered #1
    Lender: The Trustees of the C R Smith Directors Pension Scheme
  18. 2002-08-01
    ➖
    EADIE, George Roger resigned
    director
  19. 1993-09-30
    ➕
    EADIE, George Roger appointed
    secretary
  20. 1993-09-30
    ➕
    EADIE, Gerard James Patrick appointed
    director
  21. 1993-09-30
    ➕
    EADIE, Hugh Colum appointed
    director
  22. 1993-09-30
    ➖
    DM COMPANY SERVICES LIMITED resigned
    corporate-nominee-secretary
  23. 1993-09-30
    ➖
    BRUCE, Roderick Lawrence resigned
    nominee-director
  24. 1993-09-30
    ➕
    EADIE, George Roger appointed
    director
  25. 1993-09-30
    ➖
    MINTO, Bruce Watson resigned
    nominee-director
  26. 1993-04-30
    🏢
    Company incorporated
    As CAIRNSMILL LIMITED
  27. 1993-04-30
    ➕
    DM COMPANY SERVICES LIMITED appointed
    corporate-nominee-secretary
  28. 1993-04-30
    ➕
    BRUCE, Roderick Lawrence appointed
    nominee-director
  29. 1993-04-30
    ➕
    MINTO, Bruce Watson appointed
    nominee-director

Owner dependency

91/100
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 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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 74 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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.)

Group structure

C&C 23 Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
C&C 23 Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
CAIRNSMILL LIMITED
This company · SC144163

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%
NameSharesVoting rightsNature of controlNotified
C&C 23 Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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

Statusactive
Typeltd
Incorporated1993-04-30
Jurisdictionscotland
Primary SIC70100 — Activities of head offices

Registered office

C/O C R Smith, Albany Industrial
Estate, Gardeners Street
Dunfermline
Fife
KY12 0RN

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-14
Last: 2025-04-30

Officers (3 active · 4 resigned)

EADIE, George Roger→
secretary · appointed 1993-09-30
View their other companies + combined net worth →
Active
EADIE, Gerard James Patrick→
director · ~74y · appointed 1993-09-30
View their other companies + combined net worth →
Active
EADIE, Hugh Colum→
director · ~71y · appointed 1993-09-30
View their other companies + combined net worth →
Active
DM COMPANY SERVICES LIMITED→
corporate-nominee-secretary · appointed 1993-04-30 · resigned 1993-09-30
Resigned
BRUCE, Roderick Lawrence→
nominee-director · ~78y · appointed 1993-04-30 · resigned 1993-09-30
Resigned
EADIE, George Roger→
director · ~73y · appointed 1993-09-30 · resigned 2002-08-01
Resigned
MINTO, Bruce Watson→
nominee-director · appointed 1993-04-30 · resigned 1993-09-30
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Trustees of the C R Smith Directors Pension Scheme
A registered charge—02/04/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

accounts-with-accounts-type-full
accounts · AA
2025-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-05
accounts-with-accounts-type-full
accounts · AA
2024-09-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-14
accounts-with-accounts-type-full
accounts · AA
2023-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-17
accounts-with-accounts-type-full
accounts · AA
2022-10-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-full
accounts · AA
2021-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-05
change-account-reference-date-company-previous-extended
accounts · AA01
2021-04-27
accounts-with-accounts-type-full
accounts · AA
2020-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-25
accounts-with-accounts-type-full
accounts · AA
2019-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-02