A CORRIGALL (PORTREE) LIMITED
Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).
Refinance opportunity
2 live charges · oldest 18.0y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 18.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (78/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredKey financials
2 years extracted from filed iXBRL accountsHover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-10-31 | 2023-10-31 |
|---|---|---|
| Total assets | £186.5k | £140.9k |
| Current assets | £68.9k | £60.2k |
| Net assets | £186.5k | £140.9k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
- • 1 confirmation-statement
Corporate timeline (22 events)Click to expand
- 2025-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-07-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-07-24📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-11-21📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-07-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2021-07-29📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-08-14📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2019-11-19📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-07-31📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2017-07-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2016-07-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-25📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2016-04-25📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2016-04-04➕CRUICKSHANK, Fiona appointedsecretary
- 2016-04-04➖CORRIGALL, Chris-Ann resignedsecretary
- 2015-11-11📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-09-25🔒Charge registered #2Lender: Royal Bank of Scotland PLC
- 2008-05-07🔒Charge registered #1Lender: Royal Bank of Scotland PLC
- 2007-11-08🏢Company incorporatedAs A CORRIGALL (PORTREE) LIMITED
- 2007-11-08➕CORRIGALL, Alistair Macdonald appointeddirector
- 2007-11-08➕CORRIGALL, Chris-Ann appointedsecretary
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder name in company name: Company name contains director surname "CORRIGALL" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 18 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
cleanShareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Alistair Macdonald Corrigall Individual · Scottish · DOB 12/1979 · age 47 | 75–100% | — | 75-100% shares | 08/11/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 1 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Ship mortgage | 1 property | 25/09/2008 | — | |
| outstanding | Lloyds Banking Group Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 07/05/2008 | — |