LOTHIAN SHELF (674) LIMITED
🌳Matureactive
SC367360 · ltd · incorporated 2009-10-23
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
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
What this business does
Primary activity: SIC 11070
Sector: Manufacturing
Investor take
PursueActive trading company with a 69-year-old founder — textbook succession opportunity.
Opportunity 79/100 (strong), bankability 77/100. Strong seller-intent signal (93/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
7 live charges · 5 lenders · oldest 16.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 16.1 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
13 officers (3 active, 13 linked, 7 with DOB)
81
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
81 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (57 events)Click to expand
- 2025-10-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-02-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-06📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-02-06🔓Charge satisfied #7
- 2025-02-06🔓Charge satisfied #6
- 2024-12-09📄memorandum-articlesincorporation · MA
- 2024-12-09📄resolutionresolution · RESOLUTIONS
- 2024-10-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-05📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-08📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2023-06-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2023-05-23➕JAMES, Jacquiline Angela appointedsecretary
- 2023-05-23➖STEVEN, Mark Alexander resignedsecretary
- 2022-09-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-04📄mortgage-satisfy-charge-fullmortgage · MR04
- 2022-07-04🔓Charge satisfied #5
- 2022-07-04🔓Charge satisfied #4
- 2022-07-04🔓Charge satisfied #3
- 2022-06-30📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-28📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2022-06-27🔒Charge registered #7Lender: Bz Commercial Finance Dac as Security Trustee for the Secured Parties (Security Agent)
- 2022-06-21🔒Charge registered #6Lender: Bz Commercial Finance Dac
- 2021-10-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-01-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-11-12📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-11-11📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2014-10-15🔓Charge satisfied #2
- 2014-10-15🔓Charge satisfied #1
- 2014-10-10🔒Charge registered #5Lender: Hsbc Bank PLC
- 2014-09-10🔒Charge registered #4Lender: Hsbc Invoice Finance (UK) Limited
- 2014-09-10🔒Charge registered #3Lender: Hsbc Bank PLC
- 2013-08-21➖FALCONER, Murray Angus resignedsecretary
- 2013-08-21➕STEVEN, Mark Alexander appointedsecretary
- 2010-03-30🔒Charge registered #2Lender: Bank of Scotland PLC
- 2010-03-26➕AL TAJIR, Maher appointeddirector
- 2010-03-26➕MONTGOMERY, Leslie appointeddirector
- 2010-03-26➖BARRATT, William Harrison resignedsecretary
- 2010-03-26➕FALCONER, Murray Angus appointedsecretary
- 2010-03-26➖BARRATT, William Harrison resigneddirector
- 2010-03-26➖BERGIN, Caroline Margaret resigneddirector
- 2010-03-26➖EVANS, Michael resigneddirector
- 2010-03-26➖HYNES, Anthony Martin resigneddirector
- 2010-03-26🔒Charge registered #1Lender: Bank of Scotland PLC
- 2009-12-09➕EVANS, Michael appointeddirector
- 2009-10-26➕BARRATT, William Harrison appointedsecretary
- 2009-10-26➖BURNESS LLP resignedcorporate-secretary
- 2009-10-26➕BARRATT, William Harrison appointeddirector
- 2009-10-26➕BERGIN, Caroline Margaret appointeddirector
Showing most recent 50 of 57 events
Owner dependency
83/100
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 16 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
69/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. 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 16 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Highland Spring Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Highland Spring Limited
Corporate parent · holds 75-100% shares · board control
⬇
LOTHIAN SHELF (674) LIMITED
This company · SC367360
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 |
|---|---|---|---|---|
Highland Spring Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 06/04/2016 |
2 historic (ceased) PSCs
- Mr Maher Al Tajirceased 06/04/2016· significant influence
- Mr Leslie Montgomeryceased 06/04/2016· significant influence
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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|---|---|---|---|---|---|---|---|
| BLAIRGOWRIE FRUIT PACKERS LIMITED→ SC225871 · est 2001 | — | — | — | 800 | 24y | 83 | 81y |
| GRANDTULLY BRIDGE GALLERIES LIMITED→ SC277888 · est 2004 | — | — | £334.8k | — | 21y | 82 | 87y |
| LETTERFINLAY FOODS LTD.→ SC192224 · est 1998 | — | — | £113.8k | — | 27y | 82 | 77y |
| MACDONALD BROS. LTD.→ SC256349 · est 2003 | — | — | — | 1500 | 22y | 82 | 66y |
| COCOA MOUNTAIN LTD.→ SC289563 · est 2005 | — | — | — | 1500 | 20y | 81 | 59y |
| HIGHLAND SPECIALITY SEAFOODS LIMITED→ SC324051 · est 2007 | — | — | — | 0 | 18y | 81 | 61y |
| KELPIE BREWING COMPANY LTD→ SC765588 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| KINRARA DISTILLERY LIMITED→ SC556955 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| OLD ORKNEY LTD→ SC667070 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| ORGANIC WELLTREE LTD→ SC548235 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| R.F. & M.H.DONALDSON LIMITED→ SC071148 · est 1980 · no financials extracted | — | — | — | — | 46y | — | — |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
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 →🔒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
Incorporated2009-10-23
Jurisdictionscotland
Primary SIC11070 — SIC 11070
Registered office
Stirling Street
Blackford
Perthshire
PH4 1QA
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-06
Last: 2025-10-23
Officers (3 active · 10 resigned)
JAMES, Jacquiline Angela→
Activesecretary · appointed 2023-05-23
View their other companies + combined net worth →
AL TAJIR, Maher→
Activedirector · ~69y · appointed 2010-03-26
View their other companies + combined net worth →
MONTGOMERY, Leslie→
Activedirector · ~63y · appointed 2010-03-26
View their other companies + combined net worth →
BARRATT, William Harrison→
Resignedsecretary · appointed 2009-10-26 · resigned 2010-03-26
FALCONER, Murray Angus→
Resignedsecretary · appointed 2010-03-26 · resigned 2013-08-21
STEVEN, Mark Alexander→
Resignedsecretary · appointed 2013-08-21 · resigned 2023-05-23
BURNESS LLP→
Resignedcorporate-secretary · appointed 2009-10-23 · resigned 2009-10-26
BARRATT, William Harrison→
Resigneddirector · ~80y · appointed 2009-10-26 · resigned 2010-03-26
BERGIN, Caroline Margaret→
Resigneddirector · ~65y · appointed 2009-10-26 · resigned 2010-03-26
EVANS, Michael→
Resigneddirector · ~59y · appointed 2009-12-09 · resigned 2010-03-26
GRAY, Gary George→
Resigneddirector · ~56y · appointed 2009-10-23 · resigned 2009-10-26
HYNES, Anthony Martin→
Resigneddirector · ~75y · appointed 2009-10-26 · resigned 2010-03-26
BURNESS (DIRECTORS) LIMITED→
Resignedcorporate-director · appointed 2009-10-23 · resigned 2009-10-26
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Bz Commercial Finance Dac as Security Trustee for the Secured Parties (Security Agent) | A registered charge | 1 property | 27/06/2022 | 06/02/2025 | |
| satisfied | Bz Commercial Finance Dac | A registered charge | 1 property | 21/06/2022 | 06/02/2025 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | 1 property | 10/10/2014 | 04/07/2022 | |
| satisfied | HSBC Hsbc Invoice Finance (UK) Limited | A registered charge | — | 10/09/2014 | 04/07/2022 | |
| satisfied | HSBC Hsbc Bank PLC | A registered charge | — | 10/09/2014 | 04/07/2022 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 30/03/2010 | 15/10/2014 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Floating charge | 1 property | 26/03/2010 | 15/10/2014 |
Recent filings (81 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-31
accounts-with-accounts-type-dormant
accounts · AA
2025-10-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-06
mortgage-satisfy-charge-full
mortgage · MR04
2025-02-06
memorandum-articles
incorporation · MA
2024-12-09
resolution
resolution · RESOLUTIONS
2024-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-25
accounts-with-accounts-type-dormant
accounts · AA
2024-10-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-02
accounts-with-accounts-type-dormant
accounts · AA
2023-10-05
appoint-person-secretary-company-with-name-date
officers · AP03
2023-06-08
termination-secretary-company-with-name-termination-date
officers · TM02
2023-06-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-24
accounts-with-accounts-type-dormant
accounts · AA
2022-09-06
mortgage-satisfy-charge-full
mortgage · MR04
2022-07-04