AYRSHIRE ESTATES LIMITED

🌳Matureactive
SC150751 · ltd · incorporated 1994-05-09
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window opening · high confidence
More negotiable than before — 3 signals weakening over the last 30 days.
  • · Hygiene score: 90 → 70
  • · Opportunity score: 78 → 69
  • · Bankability: 85 → 75
  • · Distress / opportunity: avoid → attractive
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 31.9y old — refinance window within 12 months
What changed my view
Last 30 days

Picture worsened over the last 30 days — 3 negative signals vs 0 positive.

  • ↓Opportunity score: 78 → 69
  • ↓Hygiene score: 90 → 70
  • ↓Bankability: 85 → 75
  • ·Distress / opportunity: avoid → attractive
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2025
Net worth
£243.7k
book net assets
Opportunity
69/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Special-situation opportunity
Distressed property with salvageable qualities — special-situations priority.

Opportunity 69/100 (strong), bankability 75/100. Strong seller-intent signal (73/100, director aged 71). Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 2 lenders · oldest 31.9y

70/100
ready

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

  • · Oldest live charge is 31.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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
75
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
69/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £243,666
Net assets shrinking
Down £25,803 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£138k
Net Worth
£244k
↓ 9.6% YoY
Current Assets
£138k
↓ 18% YoY
Current Liabilities
—
£0£54k£108k£162k£216k£269kMay 2024May 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-05-312024-05-31
Total assets£243.7k£273.5k
Current assets£138.3k£168.6k
Cash£138.3k—
Net assets£243.7k£269.5k

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
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-09-16
    ➕
    CRAIG, Gillian Mitchell appointed
    director
  4. 2024-09-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2024-02-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2023-02-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2022-02-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2021-05-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2021-02-17
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2021-02-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2021-02-03
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  12. 2021-02-03
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  13. 2021-02-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-02-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  15. 2021-02-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  16. 2020-12-13
    ➕
    SMITH, Kathryn Galt appointed
    director
  17. 2020-12-13
    ➖
    MACKENZIE, Vivienne Louise resigned
    secretary
  18. 2020-12-13
    ➖
    SMITH, Robert Russell resigned
    director
  19. 2020-02-19
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2019-02-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  21. 2018-02-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2017-06-30
    🔓
    Charge satisfied #1
  23. 2017-06-17
    🔓
    Charge satisfied #7
  24. 2017-06-17
    🔓
    Charge satisfied #5
  25. 2017-06-17
    🔓
    Charge satisfied #4
  26. 2017-06-17
    🔓
    Charge satisfied #3
  27. 2017-05-05
    🔓
    Charge satisfied #6
  28. 2017-05-05
    🔓
    Charge satisfied #2
  29. 2006-05-29
    🔒
    Charge registered #7
    Lender: Aib Group (UK) PLC
  30. 2005-09-22
    🔒
    Charge registered #6
    Lender: Aib Group (UK) PLC
  31. 2004-02-10
    🔒
    Charge registered #5
    Lender: Aib Group (UK) PLC
  32. 2004-02-04
    🔒
    Charge registered #4
    Lender: Aib Group (UK) PLC
  33. 1998-03-30
    ➖
    FARREN, Thomas resigned
    director
  34. 1997-06-20
    🔒
    Charge registered #3
    Lender: Aib Group (UK) PLC
  35. 1995-05-26
    ➖
    BOGLE, Morag resigned
    secretary
  36. 1994-07-01
    🔒
    Charge registered #2
    Lender: Allied Irish Banks PLC
  37. 1994-07-01
    🔒
    Charge registered #1
    Lender: Allied Irish Banks PLC
  38. 1994-06-01
    ➕
    FARREN, Thomas appointed
    director
  39. 1994-05-09
    🏢
    Company incorporated
    As AYRSHIRE ESTATES LIMITED
  40. 1994-05-09
    ➕
    BOGLE, Morag appointed
    secretary
  41. 1994-05-09
    ➕
    MACKENZIE, Vivienne Louise appointed
    secretary
  42. 1994-05-09
    ➕
    SMITH, Robert Russell appointed
    director
  43. 1994-05-09
    ➕
    WHITE, William appointed
    director
  44. 1994-05-09
    ➖
    WHITE, William resigned
    director

Owner dependency

73/100
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.
  • +Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

66/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 high · 1 med ·
Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2026-05-23

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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Kathryn Galt Smith
Individual · British · DOB 08/1955 · age 71
75–100%
75–100%board control75-100% shares · 75-100% voting · board control13/12/2020
1 historic (ceased) PSC
  • Mr Robert Russell Smithceased 13/12/2020· 75-100% shares · 75-100% voting

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

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
Incorporated1994-05-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

11c Gatehead Road
Crosshouse
Kilmarnock
KA2 0HN
Scotland

Filing status

Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-05-23OVERDUE
Last: 2025-05-09

Officers (2 active · 5 resigned)

CRAIG, Gillian Mitchell→
director · ~44y · appointed 2024-09-16
View their other companies + combined net worth →
Active
SMITH, Kathryn Galt→
director · ~71y · appointed 2020-12-13
View their other companies + combined net worth →
Active
BOGLE, Morag→
secretary · appointed 1994-05-09 · resigned 1995-05-26
Resigned
MACKENZIE, Vivienne Louise→
secretary · appointed 1994-05-09 · resigned 2020-12-13
Resigned
FARREN, Thomas→
director · ~86y · appointed 1994-06-01 · resigned 1998-03-30
Resigned
SMITH, Robert Russell→
director · ~72y · appointed 1994-05-09 · resigned 2020-12-13
Resigned
WHITE, William→
director · ~81y · appointed 1994-05-09 · resigned 1994-05-09
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
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property29/05/200617/06/2017
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property22/09/200505/05/2017
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property10/02/200417/06/2017
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property04/02/200417/06/2017
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Standard security1 property20/06/199717/06/2017
satisfied
Allied Irish Banks
Allied Irish Banks PLC
Standard security1 property01/07/199405/05/2017
satisfied
Allied Irish Banks
Allied Irish Banks PLC
Floating charge1 property01/07/199430/06/2017

Recent filings (98 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-24
appoint-person-director-company-with-name-date
officers · AP01
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-09
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-14
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-13
change-person-director-company-with-change-date
officers · CH01
2021-02-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2021-02-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-02-03