THE NORTH HARRIS TRUST

🌳Matureactive

SC235889 · private-limited-guarant-nsc-limited-exemption · incorporated 2002-08-23

Investment thesis

Property vehicle with leveraged stack — refinance / partial-release angle.

Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.

Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

76/100

Strong

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What this business does

Primary activity: Other letting and operating of own or leased real estate

Sector: Real estate

Investor take

Pursue

Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 71). Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 10 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

12 live charges · 10 lenders · oldest 23.1y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.1 years old — likely at or near maturity.
· 10 lenders named — inter-creditor friction likely.
· Legal-friction score 63/100 (high).

Data confidence

Overall: low (49/100)

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

Lenders & charges

12 charges (12/12 with lender, 12/12 with type)

Directors & officers

47 officers (10 active, 47 linked, 42 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

2 connected companies via shared directors

Filing history

171 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

76/100Strong

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.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 officers

Counts from Companies House filing history.

Corporate timeline (119 events)Click to expand

2025-11-04
➖
BUTTERFIELD, Philip John resigned
director
2025-11-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-09-12
➖
KING, Stuart Douglas resigned
director
2025-09-01
➖
BIHAN-GALLIC, Fañch resigned
director
2025-09-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-11
📄
accounts-with-accounts-type-group
accounts · AA
2025-06-09
➕
BIHAN-GALLIC, Fañch appointed
director
2025-01-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-27
➕
SUTTON, John Maclean appointed
director
2024-10-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-28
➖
MARSHALL, Catriona Cunningham resigned
director
2024-10-28
➖
MORRISON, Dolina Joan resigned
director
2024-08-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-08-22
📄
change-person-director-company-with-change-date
officers · CH01
2024-07-17
📄
accounts-with-accounts-type-group
accounts · AA
2024-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-23
➕
MORRISON, Steven Peter appointed
director
2024-05-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-06
➖
LANGLEY, Timothy Isaac resigned
director
2024-05-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-05-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-22
➕
KING, Stuart Douglas appointed
director
2024-04-22
➖
MACLEOD, Donald resigned
director
2024-04-22
➖
MACLEOD, Finlay Ewen resigned
director
2023-08-30
📄
change-person-director-company-with-change-date
officers · CH01
2023-08-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-24
➕
MARSHALL, Catriona Cunningham appointed
director
2023-07-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-01-23
➖
MACDONALD, John resigned
director
2022-10-10
📄
accounts-with-accounts-type-full
accounts · AA
2022-08-29
➕
MACDONALD, John appointed
director
2022-03-08
➖
MACLEOD, Donald resigned
director
2022-01-17
➕
MORRISON, Dolina Joan appointed
director
2021-08-23
➖
BERTIN, Philip Richard resigned
director
2021-05-17
➕
MACLEOD, Donald appointed
director
2020-03-23
➕
HUNTER, Michael James appointed
secretary
2020-02-25
➖
CUMMING, Gordon Scott Andrew resigned
secretary
2020-02-24
➕
RUSS, Paul Andrew appointed
director
2020-02-24
➖
MACSWEEN, Ian Angus resigned
director
2020-01-15
🔓
Charge satisfied #8
2019-12-19
🔒
Charge registered #12
Lender: Bank of Scotland PLC
2019-02-25
➕
LEWIS, Kate Amelia appointed
director
2019-02-25
➕
MACKAY, Kirsty Mary appointed
director
2019-02-25
➕
BUTTERFIELD, Philip John appointed
director
2019-02-25
➖
MACKAY, Kenneth resigned
director

Showing most recent 50 of 119 events

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-9 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 71 — succession pressure is live.
+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 70+: Senior director is approximately 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low

3 director resignations in last 12 months

medium

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

Evidence: BIHAN-GALLIC, Fañch resigned 2025-09-01; BUTTERFIELD, Philip John resigned 2025-11-04; KING, Stuart Douglas resigned 2025-09-12

11 live charges

low

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

🔒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

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THE WEST HARRIS TRUST→ SC347176 · est 2008	£2.25M £1.91M–£2.58M	—	£2.25M	—	17y	83	78y
URRAS NAN GEARRANNAN→ SC125734 · est 1990	£1.37M £1.16M–£1.57M	—	£1.37M	—	35y	81	76y
CIB DEVELOPMENTS LIMITED→ SC270493 · est 2004	£133.8k £113.7k–£153.9k	—	£133.8k	—	21y	82	70y
HARRIS GARAGE COMPANY (TARBERT) LIMITED→ SC058995 · est 1975	£25.5k £21.6k–£29.3k	—	£25.5k	—	50y	83	91y
LONG ISLAND RURAL TRUST→ SC286396 · est 2005	£7.6k £6.4k–£8.7k	—	£7.6k	—	20y	81	82y
BARVAS ESTATE, LIMITED→ SC013242 · est 1924	—	—	—	3	101y	83	65y
JO JO HOLDINGS LTD→ SC209127 · est 2000 · no financials extracted	—	—	—	—	25y	80	67y
BROADBAY HOMES LIMITED→ SC562426 · est 2017 · no financials extracted	—	—	—	—	9y	—	—
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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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2002-08-23

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Tigh An Urrais

Main Street

Tarbert

Isle Of Harris

HS3 3DB

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2026-09-06

Last: 2025-08-23