EDINBURGH WHISKY LTD.

🌳Matureactive
SC449732 · ltd · incorporated 2013-05-10
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£9.96M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 80/100. Strong seller-intent signal (68/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -98% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

2 live charges · oldest 0.4y

10/100
under pressure

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

  • · Newest facility, 0.4 years old — likely still in initial term.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
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 £9,957,612
Cash draining
Cash down 98% YoY
Cash YoY
-98%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£16k
↓ 98% YoY
Net Worth
£10.0m
↑ 2.5% YoY
Current Assets
£8.8m
↑ 32% YoY
Current Liabilities
—
£0£2.0m£4.0m£6.0m£8.0m£10.0mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-312023-10-31
Total assets£10.14M£9.78M
Current assets£8.77M£6.63M
Cash£15.8k£884.7k
Debtors£545.1k£398.3k
Net assets£9.96M£9.71M

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

🔒Filing-note intelligence

1 signal detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
11
filings
  • • 4 officers
  • • 2 capital
  • • 2 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-01-08
    📄
    capital-return-purchase-own-shares
    capital · SH03
  2. 2026-01-06
    📄
    capital-cancellation-shares
    capital · SH06
  3. 2025-12-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-12-18
    ➕
    RIDLEY, David John appointed
    director
  5. 2025-12-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-11-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  10. 2025-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2025-11-25
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2025-11-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2025-11-18
    🔒
    Charge registered #2
    Lender: Gleann Mor Spirits Company Limited
  14. 2025-11-12
    ➖
    ARNOTT, Robert Graeme resigned
    director
  15. 2025-11-12
    ➖
    DOYLE, Kevin Michael resigned
    director
  16. 2025-11-12
    ➖
    RUSSELL, Gordon Iain resigned
    director
  17. 2025-11-12
    🔒
    Charge registered #1
    Lender: Gleann Mor Spirits Company Limited
  18. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2025-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  20. 2024-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2023-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2022-04-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2021-08-16
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  25. 2021-08-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  26. 2021-08-12
    ➖
    GRYCUK, Fiona Mackinnon resigned
    secretary
  27. 2021-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  28. 2019-11-25
    ➕
    MAIR, Derek appointed
    director
  29. 2019-09-30
    ➕
    GRYCUK, Fiona Mackinnon appointed
    secretary
  30. 2019-09-30
    ➕
    RUSSELL, Gordon Iain appointed
    director
  31. 2019-09-06
    ➖
    WATT, Gordon resigned
    secretary
  32. 2019-09-06
    ➕
    ARNOTT, Robert Graeme appointed
    director
  33. 2019-09-06
    ➕
    DOYLE, Kevin Michael appointed
    director
  34. 2019-09-06
    ➖
    MATHIESON, Gregor Alexander Jack resigned
    director
  35. 2019-09-06
    ➖
    WATT, Gordon Robert resigned
    director
  36. 2019-08-19
    ➖
    HAMILTON, Iain Lindsay resigned
    director
  37. 2014-11-20
    ➕
    HAMILTON, Iain Lindsay appointed
    director
  38. 2013-05-10
    🏢
    Company incorporated
    As EDINBURGH WHISKY LTD.
  39. 2013-05-10
    ➕
    WATT, Gordon appointed
    secretary
  40. 2013-05-10
    ➕
    MATHIESON, Gregor Alexander Jack appointed
    director
  41. 2013-05-10
    ➕
    WATT, Gordon Robert appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

56/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

1 med ·
3 director resignations in last 12 months
medium

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

Evidence: ARNOTT, Robert Graeme resigned 2025-11-12; DOYLE, Kevin Michael resigned 2025-11-12; RUSSELL, Gordon Iain resigned 2025-11-12

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Derek Mair
Individual · British · DOB 05/1961 · age 65
75–100%
75–100%board control75-100% shares · 75-100% voting · board control25/11/2019
2 historic (ceased) PSCs
  • Caledonian Heritable Limitedceased 12/11/2025· 75-100% shares
  • Mr Gregor Alexander Jack Mathiesonceased 06/09/2019· 25-50% shares

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
Incorporated2013-05-10
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

Unit 8 Bankhead Industrial Estate
Bankhead Drive
Edinburgh
EH11 4BP
United Kingdom

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-08-30
Last: 2025-08-16

Officers (2 active · 8 resigned)

MAIR, Derek→
director · ~65y · appointed 2019-11-25
View their other companies + combined net worth →
Active
RIDLEY, David John→
director · ~57y · appointed 2025-12-18
View their other companies + combined net worth →
Active
GRYCUK, Fiona Mackinnon→
secretary · appointed 2019-09-30 · resigned 2021-08-12
Resigned
WATT, Gordon→
secretary · appointed 2013-05-10 · resigned 2019-09-06
Resigned
ARNOTT, Robert Graeme→
director · ~69y · appointed 2019-09-06 · resigned 2025-11-12
Resigned
DOYLE, Kevin Michael→
director · ~79y · appointed 2019-09-06 · resigned 2025-11-12
Resigned
HAMILTON, Iain Lindsay→
director · ~71y · appointed 2014-11-20 · resigned 2019-08-19
Resigned
MATHIESON, Gregor Alexander Jack→
director · ~59y · appointed 2013-05-10 · resigned 2019-09-06
Resigned
RUSSELL, Gordon Iain→
director · ~55y · appointed 2019-09-30 · resigned 2025-11-12
Resigned
WATT, Gordon Robert→
director · ~61y · appointed 2013-05-10 · resigned 2019-09-06
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Gleann Mor Spirits Company
Gleann Mor Spirits Company Limited
A registered charge1 property18/11/2025—
outstanding
Gleann Mor Spirits Company
Gleann Mor Spirits Company Limited
A registered charge—12/11/2025—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

capital-return-purchase-own-shares
capital · SH03
2026-01-08
capital-cancellation-shares
capital · SH06
2026-01-06
appoint-person-director-company-with-name-date
officers · AP01
2025-12-19
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
termination-director-company-with-name-termination-date
officers · TM01
2025-11-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-28
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-11-28
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-16