MELDRUMS LIMITED

🌳Matureactive
SC207247 · ltd · incorporated 2000-05-18
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 25.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)
Sector: Wholesale & retail
Investor take
Pursue
Active trading company with a 63-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (60/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 25.9y

70/100
ready

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

  • · Oldest live charge is 25.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Dec 2024Dec 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-12-312024-12-31
Average employees900900

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-03-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-04-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-03-28
    📄
    capital-name-of-class-of-shares
    capital · SH08
  5. 2024-03-27
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2023-05-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2023-05-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-03-22
    ➖
    MCCONNELL, David, The Estate Of The Late Mr resigned
    director
  9. 2023-02-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-04-21
    📄
    capital-name-of-class-of-shares
    capital · SH08
  11. 2022-04-20
    📄
    memorandum-articles
    incorporation · MA
  12. 2022-04-20
    📄
    resolution
    resolution · RESOLUTIONS
  13. 2022-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-08-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2021-08-18
    🔓
    Charge satisfied #3
  16. 2021-03-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2020-12-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2020-12-10
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  19. 2020-12-09
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  20. 2020-12-09
    🔓
    Charge satisfied #1
  21. 2020-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2013-01-31
    ➖
    KEMP, Valerie Lorraine resigned
    secretary
  23. 2013-01-31
    ➖
    KEMP, Valerie Lorraine resigned
    director
  24. 2003-01-01
    ➕
    MCCONNELL, Robert appointed
    director
  25. 2003-01-01
    ➖
    MCCONNELL, Stella resigned
    director
  26. 2001-03-14
    ➕
    KEMP, Valerie Lorraine appointed
    secretary
  27. 2001-03-14
    ➖
    J L ANDERSON resigned
    corporate-secretary
  28. 2001-01-15
    ➕
    KINGHORN, Stephen appointed
    director
  29. 2001-01-15
    ➕
    KEMP, Valerie Lorraine appointed
    director
  30. 2000-07-19
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  31. 2000-06-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 2000-05-18
    🏢
    Company incorporated
    As MELDRUMS LIMITED
  33. 2000-05-18
    ➕
    MCCONNELL, Kenneth Graham appointed
    director
  34. 2000-05-18
    ➕
    J L ANDERSON appointed
    corporate-secretary
  35. 2000-05-18
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 2000-05-18
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  37. 2000-05-18
    ➕
    MCCONNELL, David, The Estate Of The Late Mr appointed
    director
  38. 2000-05-18
    ➕
    MCCONNELL, Stella appointed
    director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100
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 63. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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

1 med ·
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
NameSharesVoting rightsNature of controlNotified
The Estate Of The Late Mr David Mcconnell
Individual · Scottish · DOB 06/1937 · age 89
——sig. influencesignificant influence · trust interest · firm interest06/04/2016

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
Incorporated2000-05-18
Jurisdictionscotland
Primary SIC47789 — Other retail sale of new goods in specialised stores (other than commercial art galleries and opticians)

Registered office

Eden Valley Business Park
Cupar
Fife
KY15 4RB

Filing status

Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-07-02
Last: 2025-06-18

Officers (3 active · 6 resigned)

KINGHORN, Stephen→
director · ~63y · appointed 2001-01-15
View their other companies + combined net worth →
Active
MCCONNELL, Kenneth Graham→
director · ~60y · appointed 2000-05-18
View their other companies + combined net worth →
Active
MCCONNELL, Robert→
director · ~63y · appointed 2003-01-01
View their other companies + combined net worth →
Active
KEMP, Valerie Lorraine→
secretary · appointed 2001-03-14 · resigned 2013-01-31
Resigned
J L ANDERSON→
corporate-secretary · appointed 2000-05-18 · resigned 2001-03-14
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-05-18 · resigned 2000-05-18
Resigned
KEMP, Valerie Lorraine→
director · ~75y · appointed 2001-01-15 · resigned 2013-01-31
Resigned
MCCONNELL, David, The Estate Of The Late Mr→
director · ~89y · appointed 2000-05-18 · resigned 2023-03-22
Resigned
MCCONNELL, Stella→
director · ~87y · appointed 2000-05-18 · resigned 2003-01-01
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property10/12/2020—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property19/07/200018/08/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/06/200009/12/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-19
confirmation-statement-with-updates
confirmation-statement · CS01
2024-06-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-01
capital-name-of-class-of-shares
capital · SH08
2024-03-28
resolution
resolution · RESOLUTIONS
2024-03-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-05-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-05-18
termination-director-company-with-name-termination-date
officers · TM01
2023-05-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
capital-name-of-class-of-shares
capital · SH08
2022-04-21
memorandum-articles
incorporation · MA
2022-04-20