CARDRONA COMPANY
🌳Matureactive
SC515116 · private-limited-guarant-nsc-limited-exemption · incorporated 2015-09-08
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 10.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
68/100
Strong
What this business does
Primary activity: Other service activities n.e.c.
Sector: Other service activities
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 68/100 (strong), bankability 65/100. Strong seller-intent signal (68/100, director aged 80). Biggest value-creation lever: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
3 live charges · oldest 10.2y
85/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 10.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)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
No iXBRL financials extracted
0
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
8 officers (5 active, 8 linked, 6 with DOB)
85
Ownership & PSC
4 active PSC(s) of 5 total, 5 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
68/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 2 gazette
Counts from Companies House filing history.
Corporate timeline (37 events)Click to expand
- 2025-12-06📄gazette-filings-brought-up-to-dategazette · DISS40
- 2025-11-25📄gazette-notice-compulsorygazette · GAZ1
- 2025-09-25📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2025-04-02📄accounts-with-accounts-type-smallaccounts · AA
- 2024-11-27📄gazette-filings-brought-up-to-dategazette · DISS40
- 2024-11-26📄gazette-notice-compulsorygazette · GAZ1
- 2023-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2023-02-07📄accounts-with-accounts-type-fullaccounts · AA
- 2022-11-23📄gazette-filings-brought-up-to-dategazette · DISS40
- 2022-11-22📄gazette-notice-compulsorygazette · GAZ1
- 2022-09-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-07-13➖MACDONALD, Roderick resigneddirector
- 2022-03-28📄accounts-with-accounts-type-fullaccounts · AA
- 2021-09-22📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-12-18📄accounts-with-accounts-type-fullaccounts · AA
- 2020-09-16📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2020-03-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-03-09🔓Charge satisfied #3
- 2020-02-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-24📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-02-24🔓Charge satisfied #2
- 2020-02-24🔓Charge satisfied #1
- 2019-11-21📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2016-02-01🔒Charge registered #3Lender: Barclays Bank PLC
- 2016-01-27🔒Charge registered #2Lender: Barclays Bank PLC
- 2016-01-21🔒Charge registered #1Lender: Barclays Bank PLC
- 2015-12-31➕MACDONALD, Christine appointeddirector
- 2015-12-31➕MACDONALD, Donald John appointeddirector
- 2015-12-31➕MACDONALD, Marjorie appointeddirector
- 2015-12-31➖DUGUID, Tom resigneddirector
- 2015-12-31➕MACDONALD, Roderick appointeddirector
- 2015-12-31➖TC TRUSTEES LIMITED resignedcorporate-director
- 2015-12-03➕TC TRUSTEES LIMITED appointedcorporate-director
- 2015-09-15➕GILLIES, Iain appointeddirector
- 2015-09-08🏢Company incorporatedAs CARDRONA COMPANY
- 2015-09-08➕TURCAN CONNELL COMPANY SECRETARIES LIMITED appointedcorporate-secretary
- 2015-09-08➕DUGUID, Tom appointeddirector
Owner dependency
63/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 80 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
60/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
Red flags
1 high · 1 med ·Accounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2025-09-26
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Shareholders & ownership
4 active beneficial owners · dominant holder ≥75% · fragmented| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Donald John Macdonald Individual · British · DOB 02/1947 · age 79 | — | 75–100% | 75-100% voting · trust interest | 06/04/2016 |
Mr Iain Gillies Individual · British · DOB 03/1962 · age 64 | — | 75–100% | 75-100% voting · trust interest | 06/04/2016 |
Mr Alan Rodney Mackenzie Individual · British · DOB 08/1956 · age 70 | — | 75–100% | 75-100% voting · trust interest | 06/04/2016 |
Mrs Christine Macdonald Individual · British · DOB 10/1946 · age 80 | — | 75–100% | 75-100% voting · trust interest | 06/04/2016 |
1 historic (ceased) PSC
- Mr Roderick Macdonaldceased 13/07/2021· 75-100% voting
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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2015-09-08
Jurisdictionscotland
Primary SIC96090 — Other service activities n.e.c.
Registered office
Princes Exchange
1 Earl Grey Street
Edinburgh
EH3 9EE
Filing status
Accounts
Next due: 2025-09-26OVERDUE
Last made up to: 2023-09-26
Confirmation statement
Next due: 2026-09-21
Last: 2025-09-07
Officers (5 active · 3 resigned)
TURCAN CONNELL COMPANY SECRETARIES LIMITED→
Activecorporate-secretary · appointed 2015-09-08
View their other companies + combined net worth →
GILLIES, Iain→
Activedirector · ~64y · appointed 2015-09-15
View their other companies + combined net worth →
MACDONALD, Christine→
Activedirector · ~80y · appointed 2015-12-31
View their other companies + combined net worth →
MACDONALD, Donald John→
Activedirector · ~79y · appointed 2015-12-31
View their other companies + combined net worth →
MACDONALD, Marjorie→
Activedirector · ~53y · appointed 2015-12-31
View their other companies + combined net worth →
DUGUID, Tom→
Resigneddirector · ~47y · appointed 2015-09-08 · resigned 2015-12-31
MACDONALD, Roderick→
Resigneddirector · ~51y · appointed 2015-12-31 · resigned 2022-07-13
TC TRUSTEES LIMITED→
Resignedcorporate-director · appointed 2015-12-03 · resigned 2015-12-31
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
0
Outstanding
0
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Barclays Barclays Bank PLC | A registered charge | 1 property | 01/02/2016 | 09/03/2020 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | 2 properties | 27/01/2016 | 24/02/2020 | |
| satisfied | Barclays Barclays Bank PLC | A registered charge | — | 21/01/2016 | 24/02/2020 |
Recent filings (49 total)
gazette-filings-brought-up-to-date
gazette · DISS40
2025-12-06
gazette-notice-compulsory
gazette · GAZ1
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-25
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-09-25
accounts-with-accounts-type-small
accounts · AA
2025-04-02
gazette-filings-brought-up-to-date
gazette · DISS40
2024-11-27
gazette-notice-compulsory
gazette · GAZ1
2024-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-19
accounts-with-accounts-type-full
accounts · AA
2023-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-07
accounts-with-accounts-type-full
accounts · AA
2023-02-07
gazette-filings-brought-up-to-date
gazette · DISS40
2022-11-23
gazette-notice-compulsory
gazette · GAZ1
2022-11-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-13
termination-director-company-with-name-termination-date
officers · TM01
2022-09-13