ELGIN EDUCATION (FORFAR & CARNOUSTIE) LIMITED
📉Decliningactive
SC304795 · 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
75/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueStrong opportunity: leverage-led grower with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 57/100. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (77/100).
🏦
Refinance opportunity
5 live charges · 4 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.
- · 4 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
5 charges (5/5 with lender, 5/5 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
126 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Profitable
Profit before tax £169,936
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-03-31 | 2024-03-31 |
|---|---|---|
| Profit before tax | £169.9k | £227.1k |
| Average employees | 0 | 0 |
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
5
filings
- • 4 miscellaneous
- • 1 officers
Last 180 days
5
filings
- • 4 miscellaneous
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2026-03-11📄legacymiscellaneous · ANNOTATION
- 2026-03-11📄legacymiscellaneous · ANNOTATION
- 2026-03-11📄legacymiscellaneous · ANNOTATION
- 2026-03-11📄legacymiscellaneous · ANNOTATION
- 2026-03-02📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-01➕BAXTER, Rebecca Michelle appointeddirector
- 2025-09-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-11-11📄accounts-with-accounts-type-fullaccounts · AA
- 2024-01-05📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-01-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-19➕JOHNSTONE, Peter Kenneth appointeddirector
- 2023-12-19➖MCDONAGH, John resigneddirector
- 2023-11-22📄accounts-with-accounts-type-fullaccounts · AA
- 2023-04-25📄accounts-with-accounts-type-smallaccounts · AA
- 2023-03-06📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-03-01➕GORDON, John Stephen appointeddirector
- 2023-03-01➕MCDONAGH, John appointeddirector
- 2023-02-09➖JOHNSTONE, Peter Kenneth resigneddirector
- 2023-01-16➕HEPBURN, Paul Robert, Mr. appointeddirector
- 2023-01-16📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-09-28➖STEVEN, Gary Martin resigneddirector
- 2022-09-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-01📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2022-04-08📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-08📄appoint-corporate-secretary-company-with-name-dateofficers · AP04
- 2022-04-01➕RESOLIS LIMITED appointedcorporate-secretary
- 2022-03-31➖INFRASTRUCTURE MANAGERS LIMITED resignedcorporate-secretary
- 2022-02-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-02-08➖GORDON, John Stephen resigneddirector
- 2022-02-08➕JOHNSTONE, Peter Kenneth appointeddirector
- 2021-07-01➖CHRISTIE, Rory William resigneddirector
- 2021-07-01➕STEVEN, Gary Martin appointeddirector
- 2020-01-06🔒Charge registered #5Lender: Santander UK PLC as Security Trustee
- 2020-01-03➖GILMOUR, David Fulton resigneddirector
- 2019-05-08➖BURGE, Richard William Francis resigneddirector
- 2018-11-06➕BURGE, Richard William Francis appointeddirector
- 2017-09-01➖BURGE, Richard William Francis resigneddirector
- 2017-09-01➕CHRISTIE, Rory William appointeddirector
- 2016-10-14🔒Charge registered #4Lender: The Co-Operative Bank P.L.C (As Security Trustee)
- 2016-04-01➖BAND, James resignedsecretary
- 2016-04-01➕INFRASTRUCTURE MANAGERS LIMITED appointedcorporate-secretary
- 2016-03-31🔒Charge registered #3Lender: The Co-Operative Bank P.L.C as Security Trustee
- 2015-11-01➕GILMOUR, David Fulton appointeddirector
- 2015-11-01➕GORDON, John Stephen appointeddirector
- 2015-11-01➖MCDONAGH, John resigneddirector
- 2015-11-01➖O'GORMAN, Hannah resigneddirector
- 2015-04-30➖JOHNSTONE, Peter Kenneth resignedsecretary
Showing most recent 50 of 76 events
Owner dependency
48/100
Moderate — manageable with handoverSome 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 signalSome 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
1 low5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Group structure
Elgin Education (Forfar & Carnoustie) Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️
Elgin Education (Forfar & Carnoustie) Holdings Limited
Corporate parent · board control
⬇
ELGIN EDUCATION (FORFAR & CARNOUSTIE) LIMITED
This company · SC304795
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Elgin Education (Forfar & Carnoustie) Holdings Limited Corporate entity | — | 75–100% | board control75-100% voting · board control | 06/04/2016 |
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
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|---|---|---|---|---|---|---|---|
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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
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→
Activecorporate-secretary · appointed 2022-04-01
View their other companies + combined net worth →
BAXTER, Rebecca Michelle→
Activedirector · ~49y · appointed 2026-03-01
View their other companies + combined net worth →
GORDON, John Stephen→
Activedirector · ~64y · appointed 2023-03-01
View their other companies + combined net worth →
HEPBURN, Paul Robert, Mr.→
Activedirector · ~57y · appointed 2023-01-16
View their other companies + combined net worth →
JOHNSTONE, Peter Kenneth→
Activedirector · ~61y · appointed 2023-12-19
View their other companies + combined net worth →
BAND, James→
Resignedsecretary · appointed 2015-04-09 · resigned 2016-04-01
JOHNSTONE, Peter Kenneth→
Resignedsecretary · appointed 2006-09-15 · resigned 2015-04-30
INFRASTRUCTURE MANAGERS LIMITED→
Resignedcorporate-secretary · appointed 2016-04-01 · resigned 2022-03-31
MACLAY MURRAY & SPENS LLP→
Resignedcorporate-nominee-secretary · appointed 2006-06-30 · resigned 2006-09-15
BURGE, Richard William Francis→
Resigneddirector · ~67y · appointed 2018-11-06 · resigned 2019-05-08
BURGE, Richard William Francis→
Resigneddirector · ~67y · appointed 2015-04-09 · resigned 2017-09-01
CHRISTIE, Rory William→
Resigneddirector · ~68y · appointed 2017-09-01 · resigned 2021-07-01
DELLIS, Anna Louise→
Resigneddirector · ~53y · appointed 2010-06-16 · resigned 2015-01-22
FORDYCE, Alan Peter→
Resigneddirector · ~59y · appointed 2006-09-15 · resigned 2013-09-27
GILMOUR, David Fulton→
Resigneddirector · ~63y · appointed 2015-11-01 · resigned 2020-01-03
GORDON, John Stephen→
Resigneddirector · ~64y · appointed 2015-11-01 · resigned 2022-02-08
JOHNSTONE, Peter Kenneth→
Resigneddirector · ~61y · appointed 2022-02-08 · resigned 2023-02-09
MCDONAGH, John→
Resigneddirector · ~57y · appointed 2023-03-01 · resigned 2023-12-19
MCDONAGH, John→
Resigneddirector · ~57y · appointed 2013-11-11 · resigned 2015-11-01
MCEWAN, Alastair John Angus→
Resigneddirector · ~68y · appointed 2014-06-02 · resigned 2015-04-09
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
5
Outstanding
3
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| 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 | — | 14/10/2016 | — | |
| 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 & charge | 1 property | 29/11/2006 | — | |
| outstanding | Depfa Bank Depfa Bank PLC | Floating charge | 1 property | 29/11/2006 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (126 total)
legacy
miscellaneous · ANNOTATION
2026-03-11
legacy
miscellaneous · ANNOTATION
2026-03-11
legacy
miscellaneous · ANNOTATION
2026-03-11
legacy
miscellaneous · ANNOTATION
2026-03-11
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
2024-06-20
appoint-person-director-company-with-name-date
officers · AP01
2024-01-05
termination-director-company-with-name-termination-date
officers · TM01
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
2023-04-25
termination-director-company-with-name-termination-date
officers · TM01
2023-03-06