TORRANAIS LIMITED
Opportunity 71/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Confirmation statement overdue. Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 15.2y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: high (80/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Key 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 | 2024-11-30 | 2023-11-27 |
|---|
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Corporate timeline (23 events)Click to expand
- 2025-08-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-11-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-06-30📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-28📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2023-04-28📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-01-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-10-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-04-25📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-04-25📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-04-16➖MACMILLAN, Lynne Elizabeth resigneddirector
- 2021-04-15➕MACMILLAN, Calum appointeddirector
- 2020-11-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-09-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-08-31➖MACMILLAN, Calum resigneddirector
- 2017-12-03📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2017-11-28📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-11-27📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-01-28🔒Charge registered #1Lender: South Uist Estates Limited
- 2010-11-18🏢Company incorporatedAs TORRANAIS LIMITED
- 2010-11-18➕MACMILLAN, Calum appointeddirector
- 2010-11-18➕MACMILLAN, Lynne Elizabeth appointeddirector
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.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 15 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
1 high ·Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2026-04-06
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Calum Macmillan Individual · Scottish · DOB 05/1965 · age 61 | 75–100% | — | 75-100% shares | 06/04/2023 |
2 historic (ceased) PSCs
- Mrs Lynne Elizabeth Macmillanceased 06/04/2023· 25-50% shares
- Mr Calum Macmillanceased 31/05/2023· 25-50% shares
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.
See pricing →Similar companies
Active · Trade services · HS postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| CREAGORRY MOTORS LIMITED→ SC238879 · est 2002 | — | — | £1.60M | — | 23y | 83 | 68y |
| HARRIS DEVELOPMENT LIMITED→ SC150737 · est 1994 | — | — | £15.0k | — | 31y | 83 | 77y |
| POINT AND SANDWICK DEVELOPMENT TRUST→ SC285953 · est 2005 · no financials extracted | — | — | — | — | 20y | 83 | 83y |
| BARVAS AND BRUE COMMUNITY CENTRE→ SC232119 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| BODY & SOLE (STORNOWAY) LTD→ SC291132 · est 2005 · no financials extracted | — | — | — | — | 20y | — | — |
| GALSON ESTATE (TRADING) LIMITED→ SC351453 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| GMD FACILITIES LIMITED→ SC723023 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| J D MURRAY LIMITED→ SC260212 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| LOCH NESS CANDLE COMPANY LIMITED→ SC561526 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| MARVIG PIER USERS GROUP→ SC216671 · est 2001 · no financials extracted | — | — | — | — | 25y | — | — |
| N.D.U.S. LIMITED→ SC235238 · est 2002 · no financials extracted | — | — | — | — | 23y | — | — |
| OH!CON CIC→ SC760447 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
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 →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 (1 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | South Uist Estates South Uist Estates Limited | Standard security | 1 property | 28/01/2011 | — |