NEWMILNS SNOW AND SPORTS COMPLEX

🌳Matureactive

SC247426 · private-limited-guarant-nsc-limited-exemption · incorporated 2003-04-08

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 13.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 65). 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 13.5y

50/100

clean up first

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

· Oldest live charge is 13.5 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: low (47/100)

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

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

34 officers (8 active, 34 linked, 27 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

128 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

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

• 1 confirmation-statement
• 1 officers

Last 90 days

filings

• 4 officers
• 1 confirmation-statement

Last 180 days

filings

• 4 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (87 events)Click to expand

2026-04-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-04-01
➖
TENNENT, David James resigned
director
2026-03-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-01
➕
CORSON, Craig David appointed
director
2026-03-01
➕
LOGAN, Robert Alastair Macgregor appointed
director
2026-03-01
➖
MAIN, Melissa Catherine resigned
director
2025-11-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-25
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
➕
MAIN, Melissa Catherine appointed
director
2025-06-16
➖
CANNAN, Evonne Bell resigned
director
2025-04-08
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-05
📄
gazette-filings-brought-up-to-date
gazette · DISS40
2025-04-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-01
📄
gazette-notice-compulsory
gazette · GAZ1
2025-03-19
➖
DEVLIN, Mark resigned
director
2025-02-14
➕
NELSON, Kayleigh appointed
director
2025-02-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-31
➖
ANDERSON, Scott Keelor resigned
director
2025-01-31
➕
DEVLIN, Mark appointed
director
2025-01-31
➖
MAIR, Gillian Anne resigned
director
2024-05-01
📄
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2024-04-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-21
📄
resolution
resolution · RESOLUTIONS
2023-11-21
📄
memorandum-articles
incorporation · MA
2023-10-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-02
➖
MCBREEN, Lorna Mary resigned
director
2023-09-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-09-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-08-16
➖
PANCHEV, Alexander Kostadinov resigned
director
2023-06-27
➖
SMITH, Euan Douglas resigned
director
2022-11-08
➕
ANDERSON, Scott Keelor appointed
director
2022-11-08
➕
MCBREEN, Lorna Mary appointed
director
2022-10-12
➕
TENNENT, David James appointed
director
2022-10-10
➕
PANCHEV, Alexander Kostadinov appointed
director
2022-09-28
➕
CALLAND, Mark Christopher appointed
director
2022-09-18
➕
CANNAN, Evonne Bell appointed
director
2022-09-12
➕
MAIR, Gillian Anne appointed
director
2022-04-11
➖
POLLOCK, Robert James resigned
director
2022-01-12
➖
SCOTT, Hugh Parker resigned
director
2022-01-05
➖
BROWN, Alan resigned
director
2021-07-19
🔓
Charge satisfied #1
2021-06-28
➕
KERR, Gary William, Dr appointed
director
2021-06-28
➕
SMITH, Euan Douglas appointed
director
2020-12-21
➖
GARDINER, James resigned
director

Showing most recent 50 of 87 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

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 23 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 ·

3 director resignations in last 12 months

medium

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

Evidence: CANNAN, Evonne Bell resigned 2025-06-16; MAIN, Melissa Catherine resigned 2026-03-01; TENNENT, David James resigned 2026-04-01

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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

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2003-04-08

Jurisdictionscotland

Primary SIC93110 — Operation of sports facilities

Registered office

35 High Street

Newmilns

Ayrshire

KA16 9EB

Scotland

Filing status

Accounts

Next due: 2027-01-31

Last made up to: 2025-04-30

Confirmation statement

Next due: 2027-04-22

Last: 2026-04-08