BLUENOTE RESTAURANT LTD.

🌳Matureactive
SC171302 · ltd · incorporated 1997-01-14
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
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 29.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£100.3k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 29.1y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 29.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — 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
75
Lenders & charges
2 charges (2/2 with lender, 2/2 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
Network not yet resolved
30
Filing history
81 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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £100,335

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£100k
↑ 8.6% YoY
Current Assets
£2k
↑ 369% YoY
Current Liabilities
—
£0£20k£40k£60k£80k£100kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-03-312024-03-31
Total assets£113.2k£111.4k
Current assets£2.4k£522
Net assets£100.3k£92.4k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-02-04
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-12-01
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-12-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-11-17
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2020-01-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  10. 2020-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2020-01-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2020-01-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2019-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-01-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2018-12-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  16. 2017-11-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2006-06-16
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  18. 1998-03-27
    ➕
    MCGUIGAN, Lillias appointed
    secretary
  19. 1998-03-27
    ➕
    MCGUIGAN, Lilias Ann appointed
    director
  20. 1998-03-27
    ➖
    FERGUSSON, Alan John resigned
    secretary
  21. 1998-03-27
    ➖
    FERGUSSON, Alan John resigned
    director
  22. 1998-03-27
    ➖
    FERGUSSON, Thomas Hamish resigned
    director
  23. 1997-03-10
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  24. 1997-01-14
    🏢
    Company incorporated
    As BLUENOTE RESTAURANT LTD.
  25. 1997-01-14
    ➕
    MCGUIGAN, William appointed
    director
  26. 1997-01-14
    ➕
    FERGUSSON, Alan John appointed
    secretary
  27. 1997-01-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  28. 1997-01-14
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  29. 1997-01-14
    ➕
    FERGUSSON, Alan John appointed
    director
  30. 1997-01-14
    ➕
    FERGUSSON, Thomas Hamish appointed
    director

Owner dependency

84/100
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 29 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 29 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr William Mcguigan
Individual · British · DOB 03/1962 · age 64
50–75%
—50-75% shares06/04/2016

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

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1997-01-14
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Tigh Meadhon No 1 Cottage
West Drip Farm
Stirling
FK9 4UJ
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (3 active · 4 resigned)

MCGUIGAN, Lillias→
secretary · appointed 1998-03-27
View their other companies + combined net worth →
Active
MCGUIGAN, Lilias Ann→
director · ~58y · appointed 1998-03-27
View their other companies + combined net worth →
Active
MCGUIGAN, William→
director · ~64y · appointed 1997-01-14
View their other companies + combined net worth →
Active
FERGUSSON, Alan John→
secretary · appointed 1997-01-14 · resigned 1998-03-27
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1997-01-14 · resigned 1997-01-14
Resigned
FERGUSSON, Alan John→
director · ~60y · appointed 1997-01-14 · resigned 1998-03-27
Resigned
FERGUSSON, Thomas Hamish→
director · ~63y · appointed 1997-01-14 · resigned 1998-03-27
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property16/06/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property10/03/1997—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (81 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
change-person-director-company-with-change-date
officers · CH01
2026-02-04
accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-17
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-16
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2021-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-14
accounts-with-accounts-type-micro-entity
accounts · AA
2020-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-17
change-person-director-company-with-change-date
officers · CH01
2020-01-14