HUB NORTH SCOTLAND (FWT) LIMITED

🌳Matureactive
SC441943 · ltd · incorporated 2013-02-05
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 41201Construction of commercial buildings
Investor take
Pursue
Active trading company with a 67-year-old founder — textbook succession opportunity.

Opportunity 73/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 67). Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).

🏦

Refinance opportunity

11 live charges · 6 lenders · oldest 13.0y

25/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 13.0 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 53/100 (high).

Data confidence

Overall: medium (62/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
11 charges (11/11 with lender, 11/11 with type)
90
Directors & officers
34 officers (8 active, 34 linked, 32 with DOB)
89
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
29 connected companies via shared directors
90
Filing history
112 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
2
filings
  • • 2 officers
Last 90 days
3
filings
  • • 2 officers
  • • 1 confirmation-statement
Last 180 days
4
filings
  • • 3 officers
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (93 events)Click to expand
  1. 2026-04-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-04-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-03-31
    ➕
    MCVICAR, Euan Forbes appointed
    director
  4. 2026-03-31
    ➖
    GEMMELL, Nial Watson resigned
    director
  5. 2025-12-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2025-10-14
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-10-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-10-02
    ➕
    CUNNINGHAM, Kevin Alistair appointed
    director
  9. 2025-10-02
    ➖
    PEARCE, Glenn Sinclair resigned
    director
  10. 2025-06-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2025-06-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2025-05-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2025-05-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2024-12-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2024-11-21
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-11-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-11-08
    ➖
    O'BRIEN, Kirsty resigned
    director
  18. 2024-11-08
    ➕
    PEARCE, Glenn Sinclair appointed
    director
  19. 2024-06-27
    📄
    accounts-with-accounts-type-small
    accounts · AA
  20. 2024-04-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  21. 2024-04-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  22. 2024-03-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2024-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2024-02-29
    ➖
    MACDONALD, David resigned
    director
  25. 2024-02-26
    ➕
    WILSON, Alan Patrick appointed
    director
  26. 2024-02-26
    ➖
    WHYTE, Steven John resigned
    director
  27. 2023-06-22
    📄
    accounts-with-accounts-type-small
    accounts · AA
  28. 2023-04-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2023-01-16
    ➕
    WOOD, Alan William appointed
    director
  30. 2023-01-04
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  31. 2023-01-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  32. 2022-12-22
    ➕
    SMALL, Stewart William appointed
    director
  33. 2022-12-22
    ➖
    DUCK, Andrew Neil resigned
    director
  34. 2022-11-28
    ➖
    JOHNSON, Richard resigned
    director
  35. 2022-07-07
    🔒
    Charge registered #11
    Lender: Aviva Public Private Finance Limited (The Security Trustee) as Security Trustee for Each of the Finance Parties (as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
  36. 2019-12-19
    🔒
    Charge registered #10
    Lender: Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing This Charge Accompanying This MR01)
  37. 2019-06-21
    ➕
    WHYTE, Steven John appointed
    director
  38. 2019-06-21
    ➖
    YULE, Derek Swinton resigned
    director
  39. 2019-04-11
    ➕
    FELTON, Michael David appointed
    director
  40. 2019-04-11
    ➕
    DUCK, Andrew Neil appointed
    director
  41. 2019-04-11
    ➖
    MACKINLAY, Gavin William resigned
    director
  42. 2019-04-11
    ➕
    O'BRIEN, Kirsty appointed
    director
  43. 2019-04-11
    ➖
    O'BRIEN, Kirsty resigned
    director
  44. 2018-03-05
    ➖
    BAXTER, Mark resigned
    director
  45. 2017-11-16
    ➕
    GEMMELL, Nial Watson appointed
    director
  46. 2017-07-31
    ➖
    HOPE, John Alexander resigned
    director
  47. 2017-03-24
    ➕
    JOHNSON, Richard appointed
    director
  48. 2017-03-03
    ➖
    GRAY, Alan resigned
    director
  49. 2017-03-03
    ➕
    YULE, Derek Swinton appointed
    director
  50. 2017-01-19
    ➖
    RICHMOND, Kevin Andrew resigned
    director
Showing most recent 50 of 93 events

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -8 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 67 — succession pressure is live.

Succession & seller-readiness

55/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 67. Approaching typical UK retirement age — succession thinking likely.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
2 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: GEMMELL, Nial Watson resigned 2026-03-31; PEARCE, Glenn Sinclair resigned 2025-10-02

11 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

3 corporate shareholders identified. Group structure is distributed.

🏛️
Acp: North Hub Limited
Corporate parent · board control
🏛️
Hub North Scotland Limited
Corporate parent · holds 75-100% shares
ultimate parent
🏛️
Scottish Futures Trust Limited
Corporate parent
⬇
HUB NORTH SCOTLAND (FWT) LIMITED
This company · SC441943

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

3 active beneficial owners · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Hub North Scotland Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting06/04/2016
Acp: North Hub Limited
Corporate entity
——board controlboard control06/04/2016
Scottish Futures Trust Limited
Corporate entity
——sig. influencesignificant influence06/04/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Incorporated2013-02-05
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

2nd Floor 2 Lochside View
Edinburgh
EH12 9DH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (8 active · 26 resigned)

CUNNINGHAM, Kevin Alistair→
director · ~44y · appointed 2025-10-02
View their other companies + combined net worth →
Active
FELTON, Michael David→
director · ~62y · appointed 2019-04-11
View their other companies + combined net worth →
Active
MCGIRK, Paul James→
director · ~67y · appointed 2014-09-25
View their other companies + combined net worth →
Active
MCVEY, Philip→
director · ~66y · appointed 2016-06-21
View their other companies + combined net worth →
Active
MCVICAR, Euan Forbes→
director · ~54y · appointed 2026-03-31
View their other companies + combined net worth →
Active
SMALL, Stewart William→
director · ~51y · appointed 2022-12-22
View their other companies + combined net worth →
Active
WILSON, Alan Patrick→
director · ~54y · appointed 2024-02-26
View their other companies + combined net worth →
Active
WOOD, Alan William→
director · ~57y · appointed 2023-01-16
View their other companies + combined net worth →
Active
HMS SECRETARIES LIMITED→
corporate-secretary · appointed 2013-02-05 · resigned 2013-02-05
Resigned
BARRON, Stephen Leask→
director · ~68y · appointed 2013-04-15 · resigned 2013-10-09
Resigned
BAXTER, Mark→
director · ~54y · appointed 2014-09-25 · resigned 2018-03-05
Resigned
BAXTER, Mark→
director · ~54y · appointed 2013-02-05 · resigned 2014-01-31
Resigned
BRUCE, Andrew David→
director · ~54y · appointed 2013-04-15 · resigned 2016-02-01
Resigned
COOPER, Martin→
director · ~55y · appointed 2014-01-31 · resigned 2014-09-25
Resigned
CROSSLEY, Hugh Barnabas→
director · ~53y · appointed 2014-01-21 · resigned 2014-09-25
Resigned
DELAMOTTE, Tom→
director · ~56y · appointed 2013-04-15 · resigned 2014-09-25
Resigned
DONALD, Gerald Francis→
director · ~66y · appointed 2013-04-15 · resigned 2016-11-21
Resigned
DUCK, Andrew Neil→
director · ~51y · appointed 2019-04-11 · resigned 2022-12-22
Resigned
FELTON, Michael David→
director · ~62y · appointed 2013-02-05 · resigned 2014-01-21
Resigned
GEMMELL, Nial Watson→
director · ~58y · appointed 2017-11-16 · resigned 2026-03-31
Resigned

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

Mortgages & charges

11
Total charges
11
Outstanding
6
Active lenders
Status:Lender:11 of 11 shown
TypeProperties
outstanding
Aviva Public Private Finance (The Security Trustee) as Security Trustee for Each of the Finance Parties (as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
Aviva Public Private Finance Limited (The Security Trustee) as Security Trustee for Each of the Finance Parties (as Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge—07/07/2022—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing This Charge Accompanying This MR01)
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing This Charge Accompanying This MR01)
A registered charge—19/12/2019—
outstanding
Aviva Public Private Finance
Aviva Public Private Finance Limited
A registered charge1 property28/05/2013—
outstanding
Aviva Public Private Finance
Aviva Public Private Finance Limited
A registered charge1 property24/05/2013—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge3 properties25/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge2 properties25/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01).
A registered charge2 properties25/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee
Aviva Public Private Finance Limited as Security Trustee
A registered charge1 property19/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee
Aviva Public Private Finance Limited as Security Trustee
A registered charge1 property18/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge5 properties18/04/2013—
outstanding
Aviva Public Private Finance as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
Aviva Public Private Finance Limited as Security Trustee for Each of the Finance Parties (As Defined in the Instrument Evidencing the Charge Accompanying This Form MR01)
A registered charge1 property16/04/2013—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (112 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-04-20
termination-director-company-with-name-termination-date
officers · TM01
2026-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-16
change-person-director-company-with-change-date
officers · CH01
2025-12-03
appoint-person-director-company-with-name-date
officers · AP01
2025-10-14
termination-director-company-with-name-termination-date
officers · TM01
2025-10-14
accounts-with-accounts-type-small
accounts · AA
2025-06-26
change-person-director-company-with-change-date
officers · CH01
2025-06-06
change-person-director-company-with-change-date
officers · CH01
2025-05-29
change-person-director-company-with-change-date
officers · CH01
2025-05-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
change-person-director-company-with-change-date
officers · CH01
2024-12-03
appoint-person-director-company-with-name-date
officers · AP01
2024-11-21
termination-director-company-with-name-termination-date
officers · TM01
2024-11-18
accounts-with-accounts-type-small
accounts · AA
2024-06-27