HANGING BAT BARS LIMITED

🌳Matureactive
SC520553 · ltd · incorporated 2015-11-18
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 10.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£-352.8k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (68/100, director aged 69). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 10.4y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 10.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (77/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 4 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
34 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Negative net assets
Liabilities exceed assets by £352,791

Key financials

1 year extracted from filed iXBRL accounts
Cash
£10k
Net Worth
-£353k
Current Assets
£72k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-10-31
Total assets£-326.3k
Current assets£72.4k
Cash£9.6k
Debtors£38.8k
Net assets£-352.8k

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
2
filings
  • • 1 accounts
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (23 events)Click to expand
  1. 2025-12-16
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  2. 2025-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-04-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  4. 2025-02-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-01-27
    ➖
    FERGUSON, Gavin Paul Edward resigned
    director
  6. 2024-06-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-02-14
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2023-03-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-07-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-11-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-06-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-08-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-08-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-07-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  16. 2016-07-01
    ➖
    MAIR, Christopher Alexander resigned
    director
  17. 2015-12-22
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  18. 2015-12-01
    ➕
    ARNOTT, Robert Graeme appointed
    director
  19. 2015-12-01
    ➕
    FERGUSON, Gavin Paul Edward appointed
    director
  20. 2015-12-01
    ➕
    MAIR, Christopher Alexander appointed
    director
  21. 2015-12-01
    🔒
    Charge registered #1
    Lender: Caledonian Heritable Limited
  22. 2015-11-18
    🏢
    Company incorporated
    As HANGING BAT BARS LIMITED
  23. 2015-11-18
    ➕
    RUSSELL, Gordon Iain 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 69 — succession pressure is live.

Succession & seller-readiness

61/100
Strong succession signal

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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

Caledonian Heritable Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Caledonian Heritable Limited
Corporate parent · holds 25-50% shares
significant stake
⬇
HANGING BAT BARS LIMITED
This company · SC520553

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

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Caledonian Heritable Limited
Corporate entity
25–50%
—25-50% shares17/11/2016

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

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
Incorporated2015-11-18
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

46 Charlotte Square
Edinburgh
EH2 4HQ
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-12-01
Last: 2025-11-17

Officers (2 active · 2 resigned)

ARNOTT, Robert Graeme→
director · ~69y · appointed 2015-12-01
View their other companies + combined net worth →
Active
RUSSELL, Gordon Iain→
director · ~55y · appointed 2015-11-18
View their other companies + combined net worth →
Active
FERGUSON, Gavin Paul Edward→
director · ~53y · appointed 2015-12-01 · resigned 2025-01-27
Resigned
MAIR, Christopher Alexander→
director · ~49y · appointed 2015-12-01 · resigned 2016-07-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Caledonian Heritable
Caledonian Heritable Limited
A registered charge—01/12/2015—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (34 total)

change-account-reference-date-company-current-extended
accounts · AA01
2025-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-04-15
termination-director-company-with-name-termination-date
officers · TM01
2025-02-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-02-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-07-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-18