AYRE HOTEL (KIRKWALL) LIMITED

🌳Matureactive

SC199961 · ltd · incorporated 1999-09-13

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£4.12M

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 74/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

9 live charges · 5 lenders · oldest 26.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 26.6 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: high (82/100)

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

Lenders & charges

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

6 officers (2 active, 6 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

14 connected companies via shared directors

Filing history

90 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £4,116,621

Net assets shrinking

Down £341,173 YoY

Cash YoY

-4%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£160k

↓ 4.1% YoY

Net Worth

£4.1m

↓ 7.7% YoY

Current Assets

£294k

↓ 19% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31	2024-03-31
Total assets	£4.21M	£4.47M
Current assets	£294.4k	£364.1k
Cash	£160.2k	£167.0k
Debtors	£127.0k	£190.8k
Net assets	£4.12M	£4.46M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (42 events)Click to expand

2025-11-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-15
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-12
🔒
Charge registered #9
Lender: Allica Bank Limited
2024-07-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-24
🔒
Charge registered #8
Lender: Allica Bank Limited
2024-05-01
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-05-01
🔓
Charge satisfied #4
2023-12-20
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-13
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-13
📄
change-person-director-company-with-change-date
officers · CH01
2022-09-13
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-11-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-05-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-04-26
🔒
Charge registered #7
Lender: Aib Group (UK) PLC
2019-01-28
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2019-01-28
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-01-07
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2018-12-31
📄
mortgage-satisfy-charge-full
mortgage · MR04
2018-12-31
🔓
Charge satisfied #3
2018-12-24
🔒
Charge registered #6
Lender: Aib Group (UK) PLC
2018-12-13
➕
THIND, Baljit Gill appointed
director
2018-12-13
➕
THIND, Jashpal Singh appointed
director
2018-12-13
➖
HARRAY, Lyall Thomas Corse resigned
director
2018-12-13
🔒
Charge registered #5
Lender: Aib Group (UK) PLC
2018-12-10
➖
GARRIOCH, Elaine Margaret resigned
secretary
2009-06-23
🔒
Charge registered #4
Lender: Royal Bank of Scotland PLC
2006-02-07
🔓
Charge satisfied #2
2005-11-02
🔒
Charge registered #3
Lender: The Royal Bank of Scotland PLC
2002-11-18
🔓
Charge satisfied #1
2002-10-10
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1999-09-20
➕
GARRIOCH, Elaine Margaret appointed
secretary
1999-09-20
➖
WJM SECRETARIES LIMITED resigned
corporate-nominee-secretary
1999-09-20
➕
HARRAY, Lyall Thomas Corse appointed
director
1999-09-20
➖
WJM DIRECTORS LIMITED resigned
corporate-nominee-director
1999-09-17
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1999-09-13
🏢
Company incorporated
As AYRE HOTEL (KIRKWALL) LIMITED
1999-09-13
➕
WJM SECRETARIES LIMITED appointed
corporate-nominee-secretary
1999-09-13
➕
WJM DIRECTORS LIMITED appointed
corporate-nominee-director

Owner dependency

74/100

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.
+Senior director age: Director aged approximately 61 — approaching natural succession window.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

56/100

Strong succession signal

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

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 27 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med · 1 low

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.

5 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Accora Hospitality Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Accora Hospitality Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

AYRE HOTEL (KIRKWALL) LIMITED

This company · SC199961

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
Accora Hospitality Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	13/12/2018

1 historic (ceased) PSC

Mr Lyall Thomas Corse Harrayceased 13/12/2018· 75-100% shares

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 · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
KRISPY CHICKEN AND FISH BAR LTD→ SC498000 · est 2015 · no financials extracted	—	—	—	—	11y	—	—
ORKNEY ACCOMMODATION LTD→ SC798791 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
ORKNEY CHALETS LIMITED→ SC555056 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
ORKNEY RETREATS LTD→ SC831838 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
PAYMÁN HOLDINGS 12 LTD→ SC710721 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
PORTLAND HOTEL TRADING LTD→ SC762889 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
PULDAGON FARM SHOP & RESTAURANT LTD→ SC627954 · est 2019 · no financials extracted	—	—	—	—	7y	—	—
QUEEN'S HOTEL (WICK) LTD→ SC269490 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
R & S RENDALL PROPERTY LIMITED→ SC248002 · est 2003 · no financials extracted	—	—	—	—	23y	—	—
RANNER-MCLENAGHAN LTD→ SC858106 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RICHAN ENTERTAINMENT LTD→ SC859735 · est 2025 · no financials extracted	—	—	—	—	—	—	—
RIVERSIDE APARTMENTS.SCOT LTD→ SC559236 · est 2017 · no financials extracted	—	—	—	—	9y	—	—

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

Incorporated1999-09-13

Jurisdictionscotland

Primary SIC55100 — Hotels and similar accommodation

Registered office

Ayre Hotel

Ayre Road

Kirkwall

KW15 1QX

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-09-27

Last: 2025-09-13

Officers (2 active · 4 resigned)

THIND, Baljit Gill→

director · ~58y · appointed 2018-12-13

View their other companies + combined net worth →

Active

THIND, Jashpal Singh→

director · ~61y · appointed 2018-12-13

View their other companies + combined net worth →

Active

GARRIOCH, Elaine Margaret→

secretary · appointed 1999-09-20 · resigned 2018-12-10

Resigned

WJM SECRETARIES LIMITED→

corporate-nominee-secretary · appointed 1999-09-13 · resigned 1999-09-20

Resigned

HARRAY, Lyall Thomas Corse→

director · ~60y · appointed 1999-09-20 · resigned 2018-12-13

Resigned

WJM DIRECTORS LIMITED→

corporate-nominee-director · appointed 1999-09-13 · resigned 1999-09-20

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Allica Bank Allica Bank Limited	A registered charge	3 properties	12/07/2024	—
outstanding	Allica Bank Allica Bank Limited	A registered charge	—	24/06/2024	—
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	2 properties	26/04/2019	—
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	1 property	24/12/2018	—
outstanding	Aib Group (UK) Aib Group (UK) PLC	A registered charge	—	13/12/2018	—
satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Standard security	1 property	23/06/2009	01/05/2024
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	02/11/2005	31/12/2018
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	10/10/2002	07/02/2006
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	17/09/1999	18/11/2002

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-11-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-09-24

accounts-with-accounts-type-total-exemption-full

accounts · AA

2024-10-31

confirmation-statement-with-updates

confirmation-statement · CS01

2024-09-25

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-15

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-07-11

mortgage-satisfy-charge-full

mortgage · MR04

2024-05-01

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-20

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-09-26

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-12-28

change-person-director-company-with-change-date

officers · CH01

2022-09-13

change-person-director-company-with-change-date

officers · CH01

2022-09-13

change-to-a-person-with-significant-control

persons-with-significant-control · PSC05

2022-09-13

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-09-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-11-26