L & M RATTRAY LTD

🌳Matureactive
SC289928 · ltd · incorporated 2005-09-06
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.7y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 45112
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 45200SIC 45200
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 82/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 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

3 live charges · 2 lenders · oldest 20.7y

50/100
clean up first

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

  • · Oldest live charge is 20.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

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, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
7 officers (4 active, 7 linked, 5 with DOB)
84
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
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Oct 2024Oct 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-10-312024-10-31
Average employees121200

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (30 events)Click to expand
  1. 2026-04-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-09-01
    ➕
    RATTRAY, Joshua Lewis Alexander appointed
    director
  3. 2025-09-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-12-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2024-09-18
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-03-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-04-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-03-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-04-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-03-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2018-02-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2018-02-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-02-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2018-02-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2013-03-20
    ➖
    RATTRAY, Lewis Macgregor resigned
    director
  19. 2013-03-20
    ➖
    RATTRAY, Mary Grant resigned
    director
  20. 2010-04-23
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  21. 2007-04-09
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  22. 2005-11-11
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  23. 2005-09-06
    🏢
    Company incorporated
    As L & M RATTRAY LTD
  24. 2005-09-06
    ➕
    RATTRAY, Shirley Irma appointed
    secretary
  25. 2005-09-06
    ➕
    RATTRAY, Michael Lewis Donald appointed
    director
  26. 2005-09-06
    ➕
    RATTRAY, Shirley Irma appointed
    director
  27. 2005-09-06
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  28. 2005-09-06
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  29. 2005-09-06
    ➕
    RATTRAY, Lewis Macgregor appointed
    director
  30. 2005-09-06
    ➕
    RATTRAY, Mary Grant appointed
    director

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "RATTRAY" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 65 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — RATTRAY, Joshua Lewis Alexander (same surname) appointed 2025-09-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primary20+ year tenure: Director in role 21 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Michael Lewis Donald Rattray
Individual · British · DOB 05/1961 · age 65
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/09/2016
Mrs Shirley Irma Rattray
Individual · British · DOB 03/1962 · age 64
25–50%
25–50%25-50% shares · 25-50% voting18/09/2024

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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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
Incorporated2005-09-06
Jurisdictionscotland
Primary SIC45112 — SIC 45112

Registered office

Unit 4a
Achnagonalin Industrial Estate
Grantown On Spey, Moray
PH26 3TA

Filing status

Accounts
Next due: 2027-07-31
Last made up to: 2025-10-31
Confirmation statement
Next due: 2026-09-25
Last: 2025-09-11

Officers (4 active · 3 resigned)

RATTRAY, Shirley Irma→
secretary · appointed 2005-09-06
View their other companies + combined net worth →
Active
RATTRAY, Joshua Lewis Alexander→
director · ~34y · appointed 2025-09-01
View their other companies + combined net worth →
Active
RATTRAY, Michael Lewis Donald→
director · ~65y · appointed 2005-09-06
View their other companies + combined net worth →
Active
RATTRAY, Shirley Irma→
director · ~64y · appointed 2005-09-06
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-09-06 · resigned 2005-09-06
Resigned
RATTRAY, Lewis Macgregor→
director · ~92y · appointed 2005-09-06 · resigned 2013-03-20
Resigned
RATTRAY, Mary Grant→
director · ~90y · appointed 2005-09-06 · resigned 2013-03-20
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property23/04/2010—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property09/04/2007—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property11/11/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
appoint-person-director-company-with-name-date
officers · AP01
2025-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-16
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-11