SCOTTISH HIGHLANDS & ISLANDS ROCK LIMITED
🌳Matureactive
SC309336 · ltd · incorporated 2006-09-28
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
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Turnover
—
year to Sept 2025
Net worth
£9.6k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Activities of sport clubs
Sector: Arts, entertainment & recreation
Investor take
PursueAsset-holding vehicle with a 63-year-old founder — textbook succession opportunity.
Opportunity 80/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 63). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -41% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).
Data confidence
Overall: medium (76/100)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
Confirmed no charges registered
85
Directors & officers
3 officers (3 active, 3 linked, 2 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
48 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
90
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · FRS 102Positive net assets
Net assets £9,574
Net assets shrinking
Down £4,309 YoY
Cash draining
Cash down 41% YoY
Cash YoY
-41%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£7k
↓ 41% YoY
Net Worth
£10k
↓ 31% YoY
Current Assets
£13k
↓ 17% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-09-30 | 2024-09-30 |
|---|---|---|
| Total assets | £10.9k | £15.4k |
| Current assets | £12.7k | £15.4k |
| Cash | £6.8k | £11.5k |
| Debtors | £5.9k | £3.9k |
| Net assets | £9.6k | £13.9k |
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
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 (19 events)Click to expand
- 2026-04-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-01-21📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-02-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-12-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-02-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-01-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-19📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-03-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-10-01📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-05-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2014-09-29📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2014-01-06📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-09-28🏢Company incorporatedAs SCOTTISH HIGHLANDS & ISLANDS ROCK LIMITED
- 2006-09-28➕LATTER, Karen Lynn appointedsecretary
- 2006-09-28➕LATTER, Gary appointeddirector
- 2006-09-28➕LATTER, Karen Lynn appointeddirector
Owner dependency
84/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 63 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
79/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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
cleanNo 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| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Gary Latter Individual · British · DOB 03/1963 · age 63 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
Mrs Karen Latter Individual · British · DOB 01/1965 · age 61 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| MOULIN KIRK TRUST→ SC288830 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| ONE PERFORMANCE CENTRE LIMITED→ SC683603 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PRIME BUILD FITNESS LTD→ SC880968 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RESILIENCE &RISE LTD→ SC825656 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| RUN2EVENTS LTD→ SC638175 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| SCC TRADING LIMITED→ SC168613 · est 1996 · no financials extracted | — | — | — | — | 29y | — | — |
| SCHOOL OF SNOWSPORTS LTD→ SC426265 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| SCOTIA CHALLENGE LTD→ SC676110 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| SCOTTISH ARCHIVE NETWORK LIMITED→ SC186412 · est 1998 · no financials extracted | — | — | — | — | 27y | — | — |
| SCOTTISH ORIENTEERING 6-DAY EVENT COMPANY LIMITED→ SC112669 · est 1988 · no financials extracted | — | — | — | — | 37y | — | — |
| SCOTTISH ORIENTEERING ASSOCIATION→ SC334748 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| SCOTUS TOURS LTD→ SC384617 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated2006-09-28
Jurisdictionscotland
Primary SIC93120 — Activities of sport clubs
Registered office
33 Leslie Street
Blairgowrie
Perthshire
PH10 6AW
Filing status
Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2026-10-12
Last: 2025-09-28
Officers (3 active · 0 resigned)
LATTER, Karen Lynn→
Activesecretary · appointed 2006-09-28
View their other companies + combined net worth →
LATTER, Gary→
Activedirector · ~63y · appointed 2006-09-28
View their other companies + combined net worth →
LATTER, Karen Lynn→
Activedirector · ~61y · appointed 2006-09-28
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Recent filings (48 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-30
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-01-14