HARRIS TWEED ASSOCIATION LIMITED(THE)
Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (60/100, director aged 81). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).
Refinance opportunity
1 live charge · oldest 34.4y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 34.4 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (60/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 1 officers
- • 2 officers
Corporate timeline (51 events)Click to expand
- 2026-03-30➕MACKENZIE, Fiona appointedsecretary
- 2026-03-30📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2026-03-27📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2026-03-14➖MACIVER, Calum Iain resignedsecretary
- 2025-09-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-09-08➖MACDONALD, Kelly resignedsecretary
- 2025-09-08➕MACIVER, Calum Iain appointedsecretary
- 2025-09-08📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-09-08📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-01-09📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2025-01-09📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2025-01-06➖MACAULAY, Lorna resignedsecretary
- 2025-01-06➕MACDONALD, Kelly appointedsecretary
- 2024-09-19📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-10-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-20📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-09-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-08-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-02-25📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-09-10📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2017-09-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2013-06-07➕MACDONALD, Norman Lewis appointeddirector
- 2013-06-07➖MARTIN, Donald resigneddirector
- 2008-11-18➖MORRISON, John Murdo resigneddirector
- 2008-05-12➕MACAULAY, Lorna appointedsecretary
- 2007-11-30➖MACKENZIE, Ian Angus resignedsecretary
- 2002-10-31➕MARTIN, Donald appointeddirector
- 2002-10-31➖MARTIN, Duncan resigneddirector
- 1994-07-15➖EARONS, Catriona Mairi resigneddirector
- 1994-07-15➖FRASER, Simon Andrew resigneddirector
- 1994-07-15➖MACDONALD, Catherine resigneddirector
- 1994-07-15➖MACDONALD, Catherine Annmorrison resigneddirector
- 1994-07-15➖MACDONALD, Donald John resigneddirector
- 1994-07-15➖MACKENZIE, Colin Scott, Sheriff resigneddirector
- 1994-07-15➖MACLEOD, Calum Alexander, Dr resigneddirector
- 1994-07-15➖MATHESON, Alexander resigneddirector
- 1994-07-15➖MORRISON, Alexander resigneddirector
- 1993-10-21➖MACKAY, Donald John resignedsecretary
- 1993-10-21➕MACKENZIE, Ian Angus appointedsecretary
- 1993-10-21➕EARONS, Catriona Mairi appointeddirector
- 1993-10-21➕FRASER, Simon Andrew appointeddirector
- 1993-10-21➖GILLIES, Malcolm resigneddirector
- 1993-10-21➕MACDONALD, Catherine appointeddirector
- 1993-10-21➕MACDONALD, Catherine Annmorrison appointeddirector
- 1993-10-21➖MACLEOD, John resigneddirector
- 1993-10-21➕MORRISON, John Murdo appointeddirector
- 1992-02-12🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1992-01-24➕MATHESON, Alexander appointeddirector
- 1991-07-12➖STEWART, Donald James resigneddirector
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Sole director: Only one active director — all governance concentrated on one person.
- +Founder age: Director aged approximately 81 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 13 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: MACDONALD, Kelly resigned 2025-09-08; MACIVER, Calum Iain resigned 2026-03-14
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Norman Lewis Macdonald Individual · British · DOB 12/1945 · age 81 | — | — | sig. influencesignificant influence | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (2 active · 20 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 12/02/1992 | — |