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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 20.5y old — refinance window within 12 months
🔒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 20.5y

50/100
clean up first

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

  • · Oldest live charge is 20.5 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
1
filing
  • • 1 accounts
Last 90 days
1
filing
  • • 1 accounts
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