CROMAR'S RESTAURANTS LTD
💤Zombieactive
SC262079 · ltd · incorporated 2004-01-19
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
67/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
- 56103Take-away food shops and mobile food stands
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 67/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
1 live charge · oldest 22.1y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.1 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (70/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (1 active, 10 linked, 7 with DOB)
84
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
67/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Financials
Extracted from Companies House accounts · IFRS| Metric | 2024-12-31 |
|---|---|
| Average employees | 1800 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
2
filings
- • 1 officers
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (39 events)Click to expand
- 2026-01-19📄change-person-director-company-with-change-dateofficers · CH01
- 2026-01-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2025-09-25📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-03-31📄accounts-amended-with-accounts-type-total-exemption-fullaccounts · AAMD
- 2024-09-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-09-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-07-13📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2022-07-12📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-07-01📄statement-of-companys-objectschange-of-constitution · CC04
- 2022-07-01📄memorandum-articlesincorporation · MA
- 2022-07-01📄resolutionresolution · RESOLUTIONS
- 2022-07-01📄capital-variation-of-rights-attached-to-sharescapital · SH10
- 2022-07-01📄capital-name-of-class-of-sharescapital · SH08
- 2022-06-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-02-02📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2021-12-31➖TWEEDIE, Peter David resignedsecretary
- 2021-05-17📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-02-14➖FRAME, William resigneddirector
- 2017-06-09➖CROMAR, Patricia resigneddirector
- 2017-03-02➖CROMAR, Colin William Alexander resigneddirector
- 2017-03-01➕CROMAR, Patricia appointeddirector
- 2016-03-01➕CROMAR, Colin William Alexander appointeddirector
- 2013-10-30➖CROMAR, Colin William Alexander resigneddirector
- 2013-03-25➕NAPTHINE-FRAME, Wendy Marie Audrey appointeddirector
- 2013-03-25➕CROMAR, Colin William Alexander appointeddirector
- 2008-12-15➖RUTTERFORD, Michael David resigneddirector
- 2008-12-15➖YOUNG, Eric Macfie resigneddirector
- 2004-03-12🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 2004-03-02➕RUTTERFORD, Michael David appointeddirector
- 2004-03-02➕YOUNG, Eric Macfie appointeddirector
- 2004-01-23➕TWEEDIE, Peter David appointedsecretary
- 2004-01-23➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 2004-01-23➕FRAME, William appointeddirector
- 2004-01-23➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 2004-01-19🏢Company incorporatedAs CROMAR'S RESTAURANTS LTD
- 2004-01-19➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 2004-01-19➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
75/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
Succession & seller-readiness
63/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- secondaryStable-but-static management: Company is 22 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-11
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mrs Wendy Marie Audrey Napthine-Frame Individual · British · DOB 04/1975 · age 51 | 50–75% | 50–75% | board control50-75% shares · 50-75% voting · board control | 06/04/2016 |
Ms Amber Audrey Napthine Individual · British · DOB 01/2000 · age 26 | 25–50% | — | 25-50% shares | 29/06/2022 |
1 historic (ceased) PSC
- Mr Colin William Alexander Cromarceased 01/04/2017· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Similar companies
Active · Hospitality · PH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CAFE CONNECT @ THE MADOCH CENTRE LTD→ SC722424 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| CALEY LEASING LIMITED→ SC876647 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| COFFEE AT THE ROSE HOUSE LIMITED→ SC554854 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| COUPAR FOODS LTD→ SC777174 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| COW AND PARROT LIMITED→ SC846687 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CRIEFF HYDRO LIMITED→ SC000268 · est 1867 · no financials extracted | — | — | — | — | 158y | — | — |
| CROFT 52 CABINS LIMITED→ SC850883 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CSKM PROPERTY LIMITED→ SC346963 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| CUIL AN DARAICH GUEST HOUSE LIMITED→ SC854546 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| CULDEES CASTLE ESTATE LTD→ SC658898 · est 2020 · no financials extracted | — | — | — | — | 6y | — | — |
| DALHOUSIE CASTLE LTD→ SC779699 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| DALKEY INVESTMENTS LIMITED→ SC673033 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
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.
See pricing →Company details
Statusactive
Typeltd
Incorporated2004-01-19
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
The Old Garage
Mill Hills Farm
Crieff
Perthshire
PH7 3QW
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-04-11OVERDUE
Last: 2025-03-28
Officers (1 active · 9 resigned)
NAPTHINE-FRAME, Wendy Marie Audrey→
Activedirector · ~51y · appointed 2013-03-25
View their other companies + combined net worth →
TWEEDIE, Peter David→
Resignedsecretary · appointed 2004-01-23 · resigned 2021-12-31
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 2004-01-19 · resigned 2004-01-23
CROMAR, Colin William Alexander→
Resigneddirector · ~62y · appointed 2016-03-01 · resigned 2017-03-02
CROMAR, Colin William Alexander→
Resigneddirector · ~62y · appointed 2013-03-25 · resigned 2013-10-30
CROMAR, Patricia→
Resigneddirector · ~54y · appointed 2017-03-01 · resigned 2017-06-09
FRAME, William→
Resigneddirector · ~68y · appointed 2004-01-23 · resigned 2018-02-14
RUTTERFORD, Michael David→
Resigneddirector · ~79y · appointed 2004-03-02 · resigned 2008-12-15
YOUNG, Eric Macfie→
Resigneddirector · ~71y · appointed 2004-03-02 · resigned 2008-12-15
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 2004-01-19 · resigned 2004-01-23
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Legal charge | 1 property | 12/03/2004 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (92 total)
change-person-director-company-with-change-date
officers · CH01
2026-01-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-01-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-11
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2025-03-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-30
confirmation-statement-with-updates
confirmation-statement · CS01
2024-03-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-18
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2022-07-13
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-07-12
statement-of-companys-objects
change-of-constitution · CC04
2022-07-01
memorandum-articles
incorporation · MA
2022-07-01
resolution
resolution · RESOLUTIONS
2022-07-01