NORTH HOTELS LTD

🌳Matureactive
SC292029 · ltd · incorporated 2005-10-20
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 20.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£1.08M
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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

2 live charges · oldest 20.4y

65/100
clean up first

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

  • · Oldest live charge is 20.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (69/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
6 officers (5 active, 6 linked, 4 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
65 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £1,078,882
Cash YoY
+33%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£680k
↑ 33% YoY
Net Worth
£1.1m
↑ 8.7% YoY
Current Assets
£703k
↑ 31% YoY
Current Liabilities
—
£0£216k£432k£647k£863k£1.1mNov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-302023-11-30
Total assets£1.11M£1.02M
Current assets£703.2k£536.6k
Cash£679.8k£511.9k
Debtors£14.0k£14.1k
Net assets£1.08M£992.4k

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
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
  1. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  3. 2025-01-07
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  4. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-11-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2021-08-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-06-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2016-08-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-10-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-08-08
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2006-02-10
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  17. 2005-12-08
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  18. 2005-10-20
    🏢
    Company incorporated
    As NORTH HOTELS LTD
  19. 2005-10-20
    ➕
    EGAN, Beverley appointed
    secretary
  20. 2005-10-20
    ➕
    BUCHANAN, James appointed
    director
  21. 2005-10-20
    ➕
    EGAN, Beverley appointed
    director
  22. 2005-10-20
    ➕
    EGAN, Ernest Stanley appointed
    director
  23. 2005-10-20
    ➕
    EGAN, Pamela Margaret appointed
    director
  24. 2005-10-20
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  25. 2005-10-20
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 84 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 84 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 21 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

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

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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.

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
Incorporated2005-10-20
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

1 Sir John's Square
Thurso
Caithness
KW14 7AN
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-03
Last: 2025-10-20

Officers (5 active · 1 resigned)

EGAN, Beverley→
secretary · appointed 2005-10-20
View their other companies + combined net worth →
Active
BUCHANAN, James→
director · ~69y · appointed 2005-10-20
View their other companies + combined net worth →
Active
EGAN, Beverley→
director · ~57y · appointed 2005-10-20
View their other companies + combined net worth →
Active
EGAN, Ernest Stanley→
director · ~84y · appointed 2005-10-20
View their other companies + combined net worth →
Active
EGAN, Pamela Margaret→
director · ~77y · appointed 2005-10-20
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2005-10-20 · resigned 2005-10-20
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/02/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property08/12/2005—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (65 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
gazette-filings-brought-up-to-date
gazette · DISS40
2025-01-08
gazette-notice-compulsory
gazette · GAZ1
2025-01-07
confirmation-statement-with-updates
confirmation-statement · CS01
2025-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2022-11-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-30
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-11-19
confirmation-statement-with-updates
confirmation-statement · CS01
2021-11-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-16
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-30