GOURDIE LTD

🌳Matureactive
SC457451 · ltd · incorporated 2013-08-22
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 Nov 2024
Net worth
—
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with exceptional profile and acceptable with review structure.

Opportunity 80/100 (exceptional), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 8.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 8.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
4 connected companies via shared directors
57
Filing history
60 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-11-29
Average employees0

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

🔒Filing-note intelligence

2 signals 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
0
filings
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-10-14
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  2. 2025-08-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-08-05
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2024-06-03
    ➖
    MORTON FRASER SECRETARIES LIMITED resigned
    corporate-secretary
  6. 2023-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-10-18
    📍
    change-sail-address-company-with-old-address-new-address
    address · AD02
  8. 2022-10-18
    📍
    move-registers-to-sail-company-with-new-address
    address · AD03
  9. 2022-09-13
    📄
    accounts-with-accounts-type-group
    accounts · AA
  10. 2021-07-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2020-09-02
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2019-07-31
    📄
    accounts-with-accounts-type-group
    accounts · AA
  13. 2018-06-29
    📄
    accounts-with-accounts-type-group
    accounts · AA
  14. 2018-05-16
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  15. 2018-05-01
    ➕
    MORTON FRASER SECRETARIES LIMITED appointed
    corporate-secretary
  16. 2018-02-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2018-02-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2018-02-20
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  19. 2018-02-07
    ➕
    TATNELL, Ian James appointed
    director
  20. 2018-02-07
    ➕
    WORF, Ian Richard appointed
    director
  21. 2018-02-07
    ➖
    MOIR, Malcolm resigned
    director
  22. 2018-02-07
    ➖
    WIGGLESWORTH, Martin Hardwick resigned
    director
  23. 2018-02-07
    🔒
    Charge registered #3
    Lender: Malcolm Moir and Martin Hardwick Wigglesworth
  24. 2018-02-07
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  25. 2018-02-07
    🔒
    Charge registered #1
    Lender: Rbs Invoice Finance Limited
  26. 2013-10-23
    ➖
    MORTON FRASER SECRETARY LIMITED resigned
    corporate-secretary
  27. 2013-10-23
    ➖
    FLYNN, Austin resigned
    director
  28. 2013-10-23
    ➕
    MOIR, Malcolm appointed
    director
  29. 2013-10-23
    ➕
    WIGGLESWORTH, Martin Hardwick appointed
    director
  30. 2013-10-23
    ➖
    MORTON FRASER DIRECTORS LIMITED resigned
    corporate-director
  31. 2013-08-22
    🏢
    Company incorporated
    As GOURDIE LTD
  32. 2013-08-22
    ➕
    MORTON FRASER SECRETARY LIMITED appointed
    corporate-secretary
  33. 2013-08-22
    ➕
    FLYNN, Austin appointed
    director
  34. 2013-08-22
    ➕
    MORTON FRASER DIRECTORS LIMITED appointed
    corporate-director

Owner dependency

66/100
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.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

Red flags

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

Group structure

Worell Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Worell Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
GOURDIE LTD
This company · SC457451

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%
NameSharesVoting rightsNature of controlNotified
Worell Ltd
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting07/02/2018
1 historic (ceased) PSC
  • Malcolm Moirceased 07/02/2018· 75-100% shares · 75-100% voting · board control · 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 →

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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
Incorporated2013-08-22
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

7a Nobel Road
Wester Gourdie Industrial Estate
Dundee
DD2 4UH

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-29
Confirmation statement
Next due: 2026-10-21
Last: 2025-10-07

Officers (2 active · 6 resigned)

TATNELL, Ian James→
director · ~61y · appointed 2018-02-07
View their other companies + combined net worth →
Active
WORF, Ian Richard→
director · ~62y · appointed 2018-02-07
View their other companies + combined net worth →
Active
MORTON FRASER SECRETARIES LIMITED→
corporate-secretary · appointed 2018-05-01 · resigned 2024-06-03
Resigned
MORTON FRASER SECRETARY LIMITED→
corporate-secretary · appointed 2013-08-22 · resigned 2013-10-23
Resigned
FLYNN, Austin→
director · ~59y · appointed 2013-08-22 · resigned 2013-10-23
Resigned
MOIR, Malcolm→
director · ~73y · appointed 2013-10-23 · resigned 2018-02-07
Resigned
WIGGLESWORTH, Martin Hardwick→
director · ~74y · appointed 2013-10-23 · resigned 2018-02-07
Resigned
MORTON FRASER DIRECTORS LIMITED→
corporate-director · appointed 2013-08-22 · resigned 2013-10-23
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
3
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Malcolm Moir and Martin Hardwick Wigglesworth
A registered charge1 property07/02/2018—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property07/02/2018—
outstanding
NatWest Group
Rbs Invoice Finance Limited
A registered charge1 property07/02/2018—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (60 total)

change-sail-address-company-with-old-address-new-address
address · AD02
2025-10-14
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-04
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-19
change-sail-address-company-with-old-address-new-address
address · AD02
2022-10-18
move-registers-to-sail-company-with-new-address
address · AD03
2022-10-18
accounts-with-accounts-type-group
accounts · AA
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-11
accounts-with-accounts-type-group
accounts · AA
2021-07-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-07