ELGIN HEALTHCARE (FINDLAY HOUSE) LIMITED
Opportunity 75/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).
Refinance opportunity
7 live charges · 4 lenders · oldest 23.9y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 23.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 40/100 — workable, but lender will want more DD.
- · Profitable and stable/growing — lender coverage supportable.
Data confidence
Overall: high (83/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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 →Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · FRS 102Key financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £461.7k | £434.5k |
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
- • 1 officers
- • 1 officers
Corporate timeline (73 events)Click to expand
- 2026-03-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-01➕BAXTER, Rebecca Michelle appointeddirector
- 2025-09-16📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-25📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-19➕JOHNSTONE, Peter Kenneth appointeddirector
- 2023-12-19➖MCDONAGH, John resigneddirector
- 2023-08-09📄accounts-with-accounts-type-smallaccounts · AA
- 2023-04-13📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-01➕GORDON, John Stephen appointeddirector
- 2023-03-01➕MCDONAGH, John appointeddirector
- 2023-02-09➖JOHNSTONE, Peter Kenneth resigneddirector
- 2023-01-16➕HEPBURN, Paul Robert, Mr. appointeddirector
- 2023-01-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-09-28➖STEVEN, Gary Martin resigneddirector
- 2022-09-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-08📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2022-04-01➕RESOLIS LIMITED appointedcorporate-secretary
- 2022-03-31➖INFRASTRUCTURE MANAGERS LIMITED resignedcorporate-secretary
- 2021-12-02📄accounts-with-accounts-type-smallaccounts · AA
- 2021-09-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-09-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-08-23➕JOHNSTONE, Peter Kenneth appointeddirector
- 2021-08-23➖RICHARDSON, Christopher Richard resigneddirector
- 2021-07-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-07-01➖CHRISTIE, Rory William resigneddirector
- 2021-07-01➕STEVEN, Gary Martin appointeddirector
- 2020-02-04🔒Charge registered #8Lender: Bank of Scotland PLC as Security Trustee
- 2019-06-05➖GORDON, John Stephen resigneddirector
- 2019-06-05➕RICHARDSON, Christopher Richard appointeddirector
- 2019-04-29➖BURGE, Richard William Francis resigneddirector
- 2019-04-29➕CHRISTIE, Rory William appointeddirector
- 2016-04-01➖BAND, James resignedsecretary
- 2016-04-01➕INFRASTRUCTURE MANAGERS LIMITED appointedcorporate-secretary
- 2016-03-31🔒Charge registered #7Lender: Bank of Scotland PLC as Security Trustee
- 2015-11-01➕GORDON, John Stephen appointeddirector
- 2015-11-01➖MCDONAGH, John resigneddirector
- 2015-04-30➖JOHNSTONE, Peter Kenneth resignedsecretary
- 2015-04-30➖MCEWAN, Alastair John Angus resigneddirector
- 2015-04-09➕BAND, James appointedsecretary
- 2015-04-09➕BURGE, Richard William Francis appointeddirector
- 2014-06-16➕MCEWAN, Alastair John Angus appointeddirector
- 2014-06-16➖RYAN, Michael Joseph resigneddirector
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
Succession & seller-readiness
Some succession indicators present. Worth watching; approach if sector/strategy fits.
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Elgin Healthcare (Findlay House) Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
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 |
|---|---|---|---|---|
Elgin Healthcare (Findlay House) Holdings Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (5 active · 20 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC as Security Trustee | A registered charge | — | 04/02/2020 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC as Security Trustee | A registered charge | — | 31/03/2016 | — | |
| outstanding | Lothian Primary Care National Health Service Trust | Standard security | 1 property | 17/06/2003 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Security Trustee for Itself and Others | Standard security | 1 property | 17/06/2003 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Security Trustee for Itself and Others | Standard security | 1 property | 17/06/2003 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and as Agent and Security Trustee | Floating charge | 1 property | 06/06/2002 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland for Itself and as Agent and Security Trustee | Assignation in security | 1 property | 06/06/2002 | — |