KELVIN HOTEL (OBAN) LTD

💤Zombieactive

SC338208 · ltd · incorporated 2008-02-20

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2025

Net worth

£574.5k

book net assets

Opportunity

82/100

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 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 66). 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 (73/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 17.9y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 17.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (77/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (2 active, 6 linked, 3 with DOB)

Ownership & PSC

3 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

51 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £574,535

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£575k

↑ 6.0% YoY

Current Assets

£36k

↓ 22% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-03-31	2024-03-31
Total assets	£628.6k	£612.6k
Current assets	£36.5k	£47.0k
Net assets	£574.5k	£542.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filing

• 1 accounts

Last 90 days

filings

• 1 accounts
• 1 confirmation-statement

Last 180 days

filings

• 1 accounts
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-26
🔒
Charge registered #3
Lender: Hsbc UK Bank PLC
2023-12-28
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-09-29
➖
HANDA, Savita resigned
director
2021-03-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2017-12-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2016-12-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-12-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-03-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2008-06-22
🔒
Charge registered #2
Lender: Hsbc Bank PLC
2008-05-20
🔒
Charge registered #1
Lender: Hsbc Bank PLC
2008-05-08
➖
MCFATRIDGE, Ian Andrew, Mr. resigned
director
2008-02-22
➕
MCFATRIDGE, Ian Andrew, Mr. appointed
secretary
2008-02-22
➕
MCLEAN, Sheena appointed
director
2008-02-22
➕
HANDA, Savita appointed
director
2008-02-22
➕
MCFATRIDGE, Ian Andrew, Mr. appointed
director
2008-02-21
➖
FORM 10 SECRETARIES FD LTD resigned
corporate-nominee-secretary
2008-02-21
➖
FORM 10 DIRECTORS FD LTD resigned
corporate-nominee-director
2008-02-20
🏢
Company incorporated
As KELVIN HOTEL (OBAN) LTD
2008-02-20
➕
FORM 10 SECRETARIES FD LTD appointed
corporate-nominee-secretary
2008-02-20
➕
FORM 10 DIRECTORS FD LTD appointed
corporate-nominee-director

Owner dependency

100/100

Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
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

clean

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

Shareholders & ownership

3 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr. Ian Andrew Mcfatridge Individual · British · DOB 02/1958 · age 68	25–50%	—	25-50% shares	01/06/2016
Ms Savita Handa Individual · British · DOB 05/1957 · age 69	25–50%	—	25-50% shares	01/06/2016
Ms Sheena Maclean Individual · British · DOB 07/1960 · age 66	25–50%	—	25-50% shares	01/06/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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D S DEFINITE LIMITED→ SC806703 · est 2024 · no financials extracted	—	—	—	—	2y	—	—
DANYELLA LTD→ SC683406 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
DD4 PUB LTD→ SC632692 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
DDBBN LTD→ SC616124 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
DE NIRO'S (DUNDEE) LIMITED→ SC285791 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
DELANEY’S BAR LTD→ SC862453 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DELAVAL PUB MANAGEMENT LTD→ SC871272 · est 2025 · no financials extracted	—	—	—	—	—	—	—
DENROSS LIMITED→ SC435340 · est 2012 · no financials extracted	—	—	—	—	13y	—	—
DIDIM ALTINKUM LTD→ SC830060 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2008-02-20

Jurisdictionscotland

Primary SIC55100 — Hotels and similar accommodation

Registered office

Viewbank

Weavers Walk

Forfar

DD8 3ED

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-04

Last: 2026-02-18

Officers (2 active · 4 resigned)

MCFATRIDGE, Ian Andrew, Mr.→

secretary · appointed 2008-02-22

View their other companies + combined net worth →

Active

MCLEAN, Sheena→

director · ~66y · appointed 2008-02-22

View their other companies + combined net worth →

Active

FORM 10 SECRETARIES FD LTD→

corporate-nominee-secretary · appointed 2008-02-20 · resigned 2008-02-21

Resigned

HANDA, Savita→

director · ~69y · appointed 2008-02-22 · resigned 2021-09-29

Resigned

MCFATRIDGE, Ian Andrew, Mr.→

director · ~68y · appointed 2008-02-22 · resigned 2008-05-08

Resigned

FORM 10 DIRECTORS FD LTD→

corporate-nominee-director · appointed 2008-02-20 · resigned 2008-02-21

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	HSBC Hsbc UK Bank PLC	A registered charge	1 property	26/02/2024	—
outstanding	HSBC Hsbc Bank PLC	Floating charge	1 property	22/06/2008	—
outstanding	HSBC Hsbc Bank PLC	Standard security	1 property	20/05/2008	—

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-micro-entity

accounts · AA

2026-03-31

confirmation-statement-with-updates

confirmation-statement · CS01

2026-02-18

accounts-with-accounts-type-micro-entity

accounts · AA

2025-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-02-25

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2024-03-08

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-02-21

accounts-with-accounts-type-micro-entity

accounts · AA

2023-12-28

accounts-with-accounts-type-micro-entity

accounts · AA

2023-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-03-24

accounts-with-accounts-type-micro-entity

accounts · AA

2022-03-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-03-03

termination-director-company-with-name-termination-date

officers · TM01

2021-09-30

accounts-with-accounts-type-micro-entity

accounts · AA

2021-03-31

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-03-03

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-02-27