ALL ROADS LEAD TO WHITHORN

🌳Matureactive

SC480855 · private-limited-guarant-nsc-limited-exemption · incorporated 2014-06-25

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

—

year to Mar 2025

Net worth

£2.98M

book net assets

Opportunity

74/100

Strong

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What this business does

Primary activity: Letting and operating of conference and exhibition centres

Sector: Real estate

ALSO REGISTERED FOR

68209Other letting and operating of own or leased real estate
90040Operation of arts facilities

Investor take

Pursue

Property-backed borrower with a 71-year-old founder — textbook succession opportunity.

Opportunity 74/100 (strong), bankability 67/100. Strong seller-intent signal (63/100, director aged 71). 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 (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 4.7y

25/100

too messy

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

· Charge age ~4.7 years — mid-life; refi window approaching.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (64/100)

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

Company profile

address, 3 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

5 charges (5/5 with lender, 5/5 with type)

Directors & officers

14 officers (6 active, 14 linked, 13 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

55 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →

Opportunity Score

74/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £2,983,823

Key financials

1 year extracted from filed iXBRL accounts

Cash

£22k

Net Worth

£3.0m

Current Assets

£30k

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Total assets	£3.04M
Current assets	£29.6k
Cash	£21.7k
Debtors	£7.9k
Net assets	£2.98M

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

🔒Filing-note intelligence

3 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

filings

• 2 officers

Last 90 days

filings

• 2 officers

Last 180 days

filings

• 2 officers
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (50 events)Click to expand

2026-03-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-26
➕
JOHNSTON STEWART, Amy Anne appointed
director
2026-03-20
➖
AMIN, Bhupendra resigned
director
2025-12-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-04
➖
BENSON, George Alan resigned
director
2025-04-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-04-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-22
➕
BENSON, George Alan appointed
director
2025-04-22
➖
WILSON, John, Mr. resigned
director
2025-04-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-13
📄
change-person-director-company-with-change-date
officers · CH01
2025-03-13
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-02-25
➕
CLARK, Margerie Elizabeth appointed
director
2024-09-27
➖
MUIR WATT, Julia Helena resigned
secretary
2024-09-27
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-01-13
📄
accounts-with-accounts-type-small
accounts · AA
2023-07-09
📄
change-person-director-company-with-change-date
officers · CH01
2023-06-26
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-12-29
📄
accounts-with-accounts-type-small
accounts · AA
2022-06-17
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-06-13
🔒
Charge registered #5
Lender: The Scottish Ministers
2021-12-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-30
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-30
🔓
Charge satisfied #2
2021-09-24
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-24
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2021-09-24
🔓
Charge satisfied #1
2021-09-14
🔒
Charge registered #4
Lender: The Dumfries and Galloway Council
2021-09-14
🔒
Charge registered #3
Lender: Ecology Building Society
2021-08-18
🔒
Charge registered #2
Lender: The Dumfries and Galloway Council
2021-07-27
🔒
Charge registered #1
Lender: Ecology Building Society
2021-07-24
➕
MCELREA, Keith Richard appointed
director
2020-05-11
➖
GEDDES, Alistair resigned
director
2020-05-11
➖
WILSON, John, Mr. resigned
director
2019-06-28
➕
NICHOLSON, Christopher John appointed
director
2019-06-28
➖
NICHOLSON, Mary Alison Heather resigned
director
2018-06-27
➕
GEDDES, Alistair appointed
director
2018-06-27
➖
SMILLIE, Thomas Alexander resigned
director
2017-06-14
➕
AMIN, Bhupendra appointed
director
2017-06-14
➕
WILSON, John, Mr. appointed
director
2017-06-06
➕
WILSON, John, Mr. appointed
director
2014-10-16
➕
CURRIE, Kirsty Walker appointed
director
2014-10-16
➕
NICHOLSON, Mary Alison Heather appointed
director
2014-06-25
🏢
Company incorporated
As ALL ROADS LEAD TO WHITHORN
2014-06-25
➕
SMITH, Hazel appointed
director
2014-06-25
➕
MUIR WATT, Julia Helena appointed
secretary
2014-06-25
➕
SMILLIE, Thomas Alexander appointed
director

Owner dependency

55/100

Moderate — manageable with handover

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

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

65/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

2 director resignations in last 12 months

medium

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

Evidence: AMIN, Bhupendra resigned 2026-03-20; BENSON, George Alan resigned 2025-07-04

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2014-06-25

Jurisdictionscotland

Primary SIC68202 — Letting and operating of conference and exhibition centres

Registered office

New Town Hall St. John Street

Whithorn

Newton Stewart

DG8 8PD

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2026-07-15

Last: 2025-07-01