EVENTS OF STORNOWAY LTD

🌳Matureactive
SC253570 · ltd · incorporated 2003-07-30
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 22.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£408.0k
book net assets
Opportunity
79/100
Strong
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Other retail sale in non-specialised stores
Sector: Wholesale & retail
Investor take
Pursue
Asset-holding vehicle with a 63-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (80/100, director aged 63). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 22.6y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 22.6 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £408,038

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£408k
↑ 7.4% YoY
Current Assets
£185k
↑ 5.3% YoY
Current Liabilities
—
£0£82k£163k£245k£326k£408kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-12-312023-12-31
Total assets£408.0k£394.0k
Current assets£185.5k£176.2k
Net assets£408.0k£379.8k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (33 events)Click to expand
  1. 2025-09-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-09-13
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-08-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2023-08-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2022-09-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2021-11-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2021-11-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2021-11-01
    🔓
    Charge satisfied #4
  10. 2021-11-01
    🔓
    Charge satisfied #2
  11. 2021-09-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-10-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-09-24
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2019-08-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2019-08-06
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2018-09-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  17. 2018-08-13
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2017-09-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2017-09-06
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  20. 2017-08-24
    🔓
    Charge satisfied #3
  21. 2014-08-01
    🔓
    Charge satisfied #1
  22. 2014-07-09
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  23. 2014-06-04
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  24. 2014-01-01
    ➕
    MACAULAY, Amy Veronica appointed
    director
  25. 2014-01-01
    ➖
    MACAULAY, Amy Veronica resigned
    director
  26. 2004-01-22
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  27. 2003-09-22
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  28. 2003-07-30
    🏢
    Company incorporated
    As EVENTS OF STORNOWAY LTD
  29. 2003-07-30
    ➕
    MACAULAY, Iain Maclean appointed
    secretary
  30. 2003-07-30
    ➕
    MACAULAY, Iain Maclean appointed
    director
  31. 2003-07-30
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  32. 2003-07-30
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  33. 2003-07-30
    ➕
    MACAULAY, Amy Veronica appointed
    director

Owner dependency

84/100
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.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 23 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Iain Maclean Macaulay
Individual · British · DOB 04/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Amy Veronica Macaulay
Individual · British · DOB 04/1966 · age 60
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016

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 →

Similar companies

Active · Retail · HS postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
HEBRIDEAN JEWELLERY LIMITED→
SC239987 · est 2002
——£614.3k—23y8379y
A D MUNRO (HARRIS) LTD→
SC344202 · est 2008
——£32.5k—17y8258y
D MACGILLIVRAY & CO LTD.→
SC323837 · est 2007
——£336.2k—18y8261y
FLOOR TO FLOOR LIMITED→
SC316361 · est 2007
——£38.9k—19y8164y
BAYHEAD SHOP LTD→
SC352329 · est 2008
——£55.8k—17y8066y
CCW WORLD LIMITED→
SC235907 · est 2002
——£431.2k—23y8077y
CHARLES MACLEOD LIMITED→
SC235886 · est 2002
——£2.34M—23y8079y
COMSULTING LIMITED→
SC177759 · est 1997
——£68.6k—28y8069y
CORRYAN TRADING LIMITED→
SC459781 · est 2013
——£220.4k—12y8060y
FI WORLD LIMITED→
SC235906 · est 2002
——£302.0k—23y8077y
ANGUS CAMPBELL LTD.→
SC162315 · est 1995
——£1.03M—30y7970y
BUTH BHARRAIGH LIMITED→
SC461773 · est 2013
——£81.5k—12y7963y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Typeltd
Incorporated2003-07-30
Jurisdictionscotland
Primary SIC47190 — Other retail sale in non-specialised stores

Registered office

63 Kenneth Street
Stornoway
Isle Of Lewis
Western Isles
HS1 2DS

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-13
Last: 2025-07-30

Officers (3 active · 2 resigned)

MACAULAY, Iain Maclean→
secretary · appointed 2003-07-30
View their other companies + combined net worth →
Active
MACAULAY, Amy Veronica→
director · ~60y · appointed 2014-01-01
View their other companies + combined net worth →
Active
MACAULAY, Iain Maclean→
director · ~63y · appointed 2003-07-30
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2003-07-30 · resigned 2003-07-30
Resigned
MACAULAY, Amy Veronica→
director · ~61y · appointed 2003-07-30 · resigned 2014-01-01
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property09/07/201401/11/2021
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—04/06/201424/08/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/01/200401/11/2021
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property22/09/200301/08/2014

Recent filings (74 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2024-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-14
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-11
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-11
accounts-with-accounts-type-micro-entity
accounts · AA
2022-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-11
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-01
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-01
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-12
accounts-with-accounts-type-micro-entity
accounts · AA
2020-10-08