ELGIN EDUCATION (FORFAR & CARNOUSTIE) HOLDINGS LIMITED

📉Decliningactive
SC304794 · ltd · incorporated 2006-06-30
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
drifting distress · 6-months
Drifting toward distress — expect more negotiability in 3–6 months, but also more friction.
  • · Lifecycle stage drifting downward
  • · Currently "declining"
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
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 business support service activities n.e.c.
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 57/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).

🏦

Refinance opportunity

4 live charges · 3 lenders · oldest 19.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
27 officers (5 active, 27 linked, 20 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
34 connected companies via shared directors
90
Filing history
120 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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
70
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 · FRS 102
Profitable
Profit before tax £25,683

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Profit before tax£25.7k£184.2k
Average employees00

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
1
filing
  • • 1 officers
Last 180 days
1
filing
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (74 events)Click to expand
  1. 2026-03-02
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-03-01
    ➕
    BAXTER, Rebecca Michelle appointed
    director
  3. 2025-09-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2024-11-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  5. 2024-01-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2024-01-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-12-19
    ➕
    JOHNSTONE, Peter Kenneth appointed
    director
  8. 2023-12-19
    ➖
    MCDONAGH, John resigned
    director
  9. 2023-11-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2023-04-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2023-03-06
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2023-03-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-03-03
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2023-03-01
    ➕
    GORDON, John Stephen appointed
    director
  15. 2023-03-01
    ➕
    MCDONAGH, John appointed
    director
  16. 2023-02-09
    ➖
    JOHNSTONE, Peter Kenneth resigned
    director
  17. 2023-01-16
    ➕
    HEPBURN, Paul Robert, Mr. appointed
    director
  18. 2023-01-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2022-09-28
    ➖
    STEVEN, Gary Martin resigned
    director
  20. 2022-09-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2022-08-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  22. 2022-04-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2022-04-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  24. 2022-04-08
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  25. 2022-04-01
    ➕
    RESOLIS LIMITED appointed
    corporate-secretary
  26. 2022-03-31
    ➖
    INFRASTRUCTURE MANAGERS LIMITED resigned
    corporate-secretary
  27. 2022-02-09
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2022-02-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  29. 2022-02-08
    ➖
    GORDON, John Stephen resigned
    director
  30. 2022-02-08
    ➕
    JOHNSTONE, Peter Kenneth appointed
    director
  31. 2021-12-29
    📄
    accounts-with-accounts-type-small
    accounts · AA
  32. 2021-07-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  33. 2021-07-01
    ➖
    CHRISTIE, Rory William resigned
    director
  34. 2021-07-01
    ➕
    STEVEN, Gary Martin appointed
    director
  35. 2020-01-06
    🔒
    Charge registered #4
    Lender: Santander UK PLC as Security Trustee
  36. 2020-01-03
    ➖
    GILMOUR, David Fulton resigned
    director
  37. 2019-05-08
    ➖
    BURGE, Richard William Francis resigned
    director
  38. 2018-11-06
    ➕
    BURGE, Richard William Francis appointed
    director
  39. 2017-09-01
    ➖
    BURGE, Richard William Francis resigned
    director
  40. 2017-09-01
    ➕
    CHRISTIE, Rory William appointed
    director
  41. 2016-04-01
    ➖
    BAND, James resigned
    secretary
  42. 2016-04-01
    ➕
    INFRASTRUCTURE MANAGERS LIMITED appointed
    corporate-secretary
  43. 2016-03-31
    🔒
    Charge registered #3
    Lender: The Co-Operative Bank P.L.C as Security Trustee
  44. 2015-11-01
    ➕
    GILMOUR, David Fulton appointed
    director
  45. 2015-11-01
    ➕
    GORDON, John Stephen appointed
    director
  46. 2015-11-01
    ➖
    MCDONAGH, John resigned
    director
  47. 2015-11-01
    ➖
    O'GORMAN, Hannah resigned
    director
  48. 2015-04-30
    ➖
    JOHNSTONE, Peter Kenneth resigned
    secretary
  49. 2015-04-09
    ➕
    BAND, James appointed
    secretary
  50. 2015-04-09
    ➕
    BURGE, Richard William Francis appointed
    director
Showing most recent 50 of 74 events

Owner dependency

48/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

50/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.

Red flags

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

Group structure

Elgin Infrastructure Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Elgin Infrastructure Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ELGIN EDUCATION (FORFAR & CARNOUSTIE) HOLDINGS LIMITED
This company · SC304794

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Elgin Infrastructure Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 · Trade services · EH postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
A LIFE REIMAGINED LTD→
SC878400 · est 2026 · no financials extracted
———————
ABURGH SOLUTIONS LIMITED→
SC686800 · est 2021 · no financials extracted
————5y——
AC LOCKSMITH LTD→
SC530334 · est 2016 · no financials extracted
————10y——
ACCENTUS EUROPE LIMITED→
SC555131 · est 2017 · no financials extracted
————9y——
ACCRUAL WORLD LIMITED→
SC868787 · est 2025 · no financials extracted
———————
ADAMANTINE GLOBAL LTD→
SC653253 · est 2020 · no financials extracted
————6y——
AEROFOAM CW LTD→
SC747481 · est 2022 · no financials extracted
————3y——
AG CONSULTING SERVICES LTD→
SC734673 · est 2022 · no financials extracted
————3y——
AGILE INFRASTRUCTURE MANAGEMENT LTD→
SC727736 · est 2022 · no financials extracted
————4y——
AIRTHREY MILL COMPANY LIMITED→
SC220797 · est 2001 · no financials extracted
————24y——
AJ PROJECTS LTD→
SC666109 · est 2020 · no financials extracted
————5y——
AJM HAIR LTD→
SC667461 · 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
Incorporated2006-06-30
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.

Registered office

C/O Resolis Limited Exchange Tower, 11th Floor
19 Canning Street
Edinburgh
EH3 8EG
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-06-27
Last: 2025-06-13

Officers (5 active · 22 resigned)

RESOLIS LIMITED→
corporate-secretary · appointed 2022-04-01
View their other companies + combined net worth →
Active
BAXTER, Rebecca Michelle→
director · ~49y · appointed 2026-03-01
View their other companies + combined net worth →
Active
GORDON, John Stephen→
director · ~64y · appointed 2023-03-01
View their other companies + combined net worth →
Active
HEPBURN, Paul Robert, Mr.→
director · ~57y · appointed 2023-01-16
View their other companies + combined net worth →
Active
JOHNSTONE, Peter Kenneth→
director · ~61y · appointed 2023-12-19
View their other companies + combined net worth →
Active
BAND, James→
secretary · appointed 2015-04-09 · resigned 2016-04-01
Resigned
JOHNSTONE, Peter Kenneth→
secretary · appointed 2006-09-15 · resigned 2015-04-30
Resigned
INFRASTRUCTURE MANAGERS LIMITED→
corporate-secretary · appointed 2016-04-01 · resigned 2022-03-31
Resigned
MACLAY MURRAY & SPENS LLP→
corporate-nominee-secretary · appointed 2006-06-30 · resigned 2006-09-15
Resigned
BURGE, Richard William Francis→
director · ~67y · appointed 2018-11-06 · resigned 2019-05-08
Resigned
BURGE, Richard William Francis→
director · ~67y · appointed 2015-04-09 · resigned 2017-09-01
Resigned
CHRISTIE, Rory William→
director · ~68y · appointed 2017-09-01 · resigned 2021-07-01
Resigned
DELLIS, Anna Louise→
director · ~53y · appointed 2010-06-16 · resigned 2015-01-22
Resigned
FORDYCE, Alan Peter→
director · ~59y · appointed 2006-09-15 · resigned 2013-09-27
Resigned
GILMOUR, David Fulton→
director · ~63y · appointed 2015-11-01 · resigned 2020-01-03
Resigned
GORDON, John Stephen→
director · ~64y · appointed 2015-11-01 · resigned 2022-02-08
Resigned
JOHNSTONE, Peter Kenneth→
director · ~61y · appointed 2022-02-08 · resigned 2023-02-09
Resigned
MCDONAGH, John→
director · ~57y · appointed 2023-03-01 · resigned 2023-12-19
Resigned
MCDONAGH, John→
director · ~57y · appointed 2013-11-11 · resigned 2015-11-01
Resigned
MCEWAN, Alastair John Angus→
director · ~68y · appointed 2014-06-02 · resigned 2015-04-09
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
3
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Santander
Santander UK PLC as Security Trustee
A registered charge—06/01/2020—
outstanding
Co-operative Bank
The Co-Operative Bank P.L.C as Security Trustee
A registered charge—31/03/2016—
outstanding
Depfa Bank
Depfa Bank PLC
Assignment & charge1 property29/11/2006—
outstanding
Depfa Bank
Depfa Bank PLC
Floating charge1 property29/11/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (120 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-02
accounts-with-accounts-type-full
accounts · AA
2025-09-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-13
accounts-with-accounts-type-full
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-17
termination-director-company-with-name-termination-date
officers · TM01
2024-01-05
appoint-person-director-company-with-name-date
officers · AP01
2024-01-05
accounts-with-accounts-type-full
accounts · AA
2023-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-28
accounts-with-accounts-type-small
accounts · AA
2023-04-24
termination-director-company-with-name-termination-date
officers · TM01
2023-03-06
appoint-person-director-company-with-name-date
officers · AP01
2023-03-03
appoint-person-director-company-with-name-date
officers · AP01
2023-03-03
appoint-person-director-company-with-name-date
officers · AP01
2023-01-16
termination-director-company-with-name-termination-date
officers · TM01
2022-09-28