INVERNESS CALEDONIAN THISTLE TRUST LIMITED

🌳Matureactive
SC211723 · private-limited-guarant-nsc · incorporated 2000-10-06
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
not disclosed
Net worth
book net assets
Opportunity
64/100
Worth a look
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 64/100 (worth a look), bankability 55/100. Strong seller-intent signal (63/100, director aged 76). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (53/100).

Data confidence

Overall: low (51/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
Confirmed no charges registered
85
Directors & officers
14 officers (2 active, 14 linked, 9 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
11 connected companies via shared directors
78
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
64/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
55
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
56
Some moderate concerns — review flags.
Signal strength
90
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 90 days
2
filings
  • 1 gazette
  • 1 dissolution
Last 180 days
3
filings
  • 1 gazette
  • 1 dissolution
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
  1. 2026-04-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  2. 2026-03-31
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  3. 2025-08-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  4. 2025-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2025-08-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-08-23
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2025-08-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2025-08-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-08-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  11. 2025-08-22
    SAVAGE, Alan appointed
    director
  12. 2025-08-22
    SAVAGE, Dawn Fiona appointed
    director
  13. 2025-08-22
    SMITH, Richard Michael resigned
    secretary
  14. 2025-08-22
    GRAY, James Sutherland resigned
    director
  15. 2025-08-22
    MACINNES, Paul Stewart resigned
    director
  16. 2025-08-22
    SMITH, Richard Michael resigned
    director
  17. 2025-03-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2024-09-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2024-08-31
    STEWART, David John resigned
    director
  20. 2024-02-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2023-05-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2023-05-22
    GRAY, James Sutherland appointed
    director
  23. 2023-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2022-03-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  25. 2021-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2019-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  27. 2017-06-29
    MACINNES, Paul Stewart appointed
    director
  28. 2017-06-23
    SUTHERLAND, David Fraser resigned
    director
  29. 2016-04-10
    SELLAR, Allan George resigned
    director
  30. 2012-12-30
    SMITH, Richard Michael appointed
    secretary
  31. 2012-12-30
    SUTHERLAND, Caroline Anne resigned
    secretary
  32. 2012-04-01
    SMITH, Richard Michael appointed
    director
  33. 2007-03-22
    MACKIE, Kenneth George resigned
    secretary
  34. 2007-03-22
    SUTHERLAND, Caroline Anne appointed
    secretary
  35. 2007-03-22
    MACKIE, Kenneth George resigned
    director
  36. 2001-02-14
    MACKIE, Kenneth George appointed
    secretary
  37. 2001-02-14
    LEDINGHAM CHALMERS resigned
    corporate-nominee-secretary
  38. 2001-02-14
    MACKIE, Kenneth George appointed
    director
  39. 2001-02-14
    SELLAR, Allan George appointed
    director
  40. 2001-02-14
    STEWART, David John appointed
    director
  41. 2001-02-14
    SUTHERLAND, David Fraser appointed
    director
  42. 2001-02-14
    DURANO LIMITED resigned
    corporate-nominee-director
  43. 2000-10-06
    🏢
    Company incorporated
    As INVERNESS CALEDONIAN THISTLE TRUST LIMITED
  44. 2000-10-06
    LEDINGHAM CHALMERS appointed
    corporate-nominee-secretary
  45. 2000-10-06
    DURANO LIMITED appointed
    corporate-nominee-director

Owner dependency

81/100
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.
  • +Founder age: Director aged approximately 76 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 76 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 · 1 low
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 2026-03-31

4 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: SMITH, Richard Michael resigned 2025-08-22; GRAY, James Sutherland resigned 2025-08-22; MACINNES, Paul Stewart resigned 2025-08-22

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

🔒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

9 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
Typeprivate-limited-guarant-nsc
Incorporated2000-10-06
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

Westwood
Stratherrick Road
Inverness
IV2 4JY
Scotland

Filing status

Accounts
Next due: 2026-03-31OVERDUE
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-09-07
Last: 2025-08-24

Officers (2 active · 12 resigned)

SAVAGE, Alan
director · ~76y · appointed 2025-08-22
View their other companies + combined net worth →
Active
SAVAGE, Dawn Fiona
director · ~59y · appointed 2025-08-22
View their other companies + combined net worth →
Active
MACKIE, Kenneth George
secretary · appointed 2001-02-14 · resigned 2007-03-22
Resigned
SMITH, Richard Michael
secretary · appointed 2012-12-30 · resigned 2025-08-22
Resigned
SUTHERLAND, Caroline Anne
secretary · appointed 2007-03-22 · resigned 2012-12-30
Resigned
LEDINGHAM CHALMERS
corporate-nominee-secretary · appointed 2000-10-06 · resigned 2001-02-14
Resigned
GRAY, James Sutherland
director · ~78y · appointed 2023-05-22 · resigned 2025-08-22
Resigned
MACINNES, Paul Stewart
director · ~73y · appointed 2017-06-29 · resigned 2025-08-22
Resigned
MACKIE, Kenneth George
director · ~81y · appointed 2001-02-14 · resigned 2007-03-22
Resigned
SELLAR, Allan George
director · ~102y · appointed 2001-02-14 · resigned 2016-04-10
Resigned
SMITH, Richard Michael
director · ~74y · appointed 2012-04-01 · resigned 2025-08-22
Resigned
STEWART, David John
director · ~70y · appointed 2001-02-14 · resigned 2024-08-31
Resigned
SUTHERLAND, David Fraser
director · ~77y · appointed 2001-02-14 · resigned 2017-06-23
Resigned
DURANO LIMITED
corporate-nominee-director · appointed 2000-10-06 · resigned 2001-02-14
Resigned

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

Recent filings (90 total)

gazette-notice-voluntary
gazette · GAZ1(A)
2026-04-07
dissolution-application-strike-off-company
dissolution · DS01
2026-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-10
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-24
termination-director-company-with-name-termination-date
officers · TM01
2025-08-23
termination-director-company-with-name-termination-date
officers · TM01
2025-08-23
termination-director-company-with-name-termination-date
officers · TM01
2025-08-23
termination-secretary-company-with-name-termination-date
officers · TM02
2025-08-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-08-23
appoint-person-director-company-with-name-date
officers · AP01
2025-08-23
appoint-person-director-company-with-name-date
officers · AP01
2025-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
termination-director-company-with-name-termination-date
officers · TM01
2024-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29