SOUTH LANARKSHIRE LEISURE AND CULTURE LIMITED

⚰️Wound downconverted-closed

SC225702 · converted-or-closed · incorporated 2001-11-27

Investment thesis

Company converted closed — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 19.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

71/100

Strong

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What this business does

Primary activity: Operation of arts facilities

Sector: Arts, entertainment & recreation

ALSO REGISTERED FOR

91011Library activities
91020Museum activities
93110Operation of sports facilities

Investor take

Pursue

Strong opportunity: unclear with strong profile and bankable structure.

Opportunity 71/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

1 live charge · oldest 19.2y

65/100

clean up first

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

· Oldest live charge is 19.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (58/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 4 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

58 officers (15 active, 58 linked, 52 with DOB)

Ownership & PSC

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

Director network

2 connected companies via shared directors

Filing history

172 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

71/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (127 events)Click to expand

2023-04-03
📄
resolution
resolution · RESOLUTIONS
2023-04-03
🏁
Company dissolved
2023-02-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-31
➖
MCCORMICK, Paul resigned
director
2022-12-05
📄
accounts-with-accounts-type-group
accounts · AA
2022-09-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-15
➕
BROWN, Neil appointed
director
2022-09-15
➕
GOUDIE, Christopher Alexander appointed
director
2022-09-15
➕
MAULE, Lisa Yvonne appointed
director
2022-09-15
➕
OSBORNE, Avril, Dr appointed
director
2022-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-06-22
➕
ANDERSON, John appointed
director
2022-06-22
➕
COWAN, Andrea appointed
director
2022-06-22
➕
DEVLIN, Maureen Patricia appointed
director
2022-06-22
➕
LAMBIE, Ross Alexander appointed
director
2022-06-22
➕
RAZZAQ, Shahid appointed
director
2022-06-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-07
➖
BOOTH, David James resigned
director
2022-06-07
➖
CONVERY, Gerry, Councillor resigned
director
2022-06-07
➖
COOPER, Margaret Boyd, Provost resigned
director
2022-06-01
➖
STEELE, Johan resigned
director
2022-06-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-23
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-05-17
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-05-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-05-05
➖
NAILON, Lynne resigned
director
2022-05-04
➖
CRAIG, Peter Fraser, Councillor resigned
director
2022-05-03
➕
LANSDELL, Nick appointed
secretary
2022-05-03
➖
MORRISON, Kay resigned
secretary
2022-03-07
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-28
➕
BOOTH, David James appointed
director
2021-12-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-21
➖
MCGLYNN, Michael Thomas resigned
director
2021-12-06
📄
accounts-with-accounts-type-group
accounts · AA
2021-06-03
➕
MORRISON, Kay appointed
secretary
2020-11-17
➖
BARTON, Paul Stanley resigned
secretary
2019-10-03
➕
CUNNINGHAM, Craig Samuel Dickson appointed
director
2019-10-03
➕
COOPER, Margaret Boyd, Provost appointed
director
2019-09-23
➖
FREELAND, Lindsay resigned
director
2019-09-04
➕
MCCORMICK, Paul appointed
director

Showing most recent 50 of 127 events

Owner dependency

65/100

High — earn-out structure required

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

FACTORS

-14 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 83 — succession pressure is live.

Succession & seller-readiness

90/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 83 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 24 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.)

Group structure

South Lanarkshire Council holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

South Lanarkshire Council

Corporate parent

⬇

SOUTH LANARKSHIRE LEISURE AND CULTURE LIMITED

This company · SC225702

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
South Lanarkshire Council Corporate entity	—	25–50%	25-50% voting	06/04/2016

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 →

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KARLA BLACK LIMITED→ SC415841 · est 2012 · no financials extracted	—	—	—	—	14y	—	—
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Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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.

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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.

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Company details

Statusconverted-closed

Typeconverted-or-closed

Incorporated2001-11-27

Jurisdictionscotland

Primary SIC90040 — Operation of arts facilities

Registered office

Council Offices

Almada Street

Hamilton

ML3 0EW

Scotland

Filing status

Accounts

Next due: —

Last made up to: —

Confirmation statement

Next due: —

Last: —