DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC
🌳Matureactive
SC000881 · plc · incorporated 1879-03-24
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Activities of investment trusts
Sector: Financial & insurance
Investor take
PursueStrong opportunity: active trading company with strong profile and structurally messy structure.
Opportunity 77/100 (strong), bankability 52/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (73/100).
🏦
Refinance opportunity
8 live charges · 4 lenders · oldest 56.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 56.3 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: low (52/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
27 officers (6 active, 27 linked, 24 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
12 connected companies via shared directors
81
Filing history
606 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
7
filings
- • 4 capital
- • 1 resolution
- • 1 confirmation-statement
Last 180 days
14
filings
- • 9 capital
- • 2 accounts
- • 1 resolution
Counts from Companies House filing history.
Corporate timeline (79 events)Click to expand
- 2026-06-03📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-06-03📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-06-01📄resolutionresolution · RESOLUTIONS
- 2026-05-20📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-05-07📄accounts-with-accounts-type-fullaccounts · AA
- 2026-04-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-03-25📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-03-18📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-03-06📄appoint-person-director-company-with-name-dateofficers · AP01
- 2026-03-01➕HART, Katrina Harriet appointeddirector
- 2026-02-24📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-02-03📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-01-30📄accounts-with-accounts-type-interimaccounts · AA
- 2026-01-26📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-01-09📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2026-01-09📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-12-10📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-12-04📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-12-04📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-19📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-17📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-17📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-13📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-12📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-11-07📄capital-return-purchase-own-shares-treasury-capital-datecapital · SH03
- 2025-05-22➖BARRON, David James resigneddirector
- 2025-05-22➖JUDD, Jasper Rayner Augusto resigneddirector
- 2025-02-01➕SARWAL, Arun Kumar appointeddirector
- 2024-08-08🔒Charge registered #8Lender: Bank of America, N.A., London Branch
- 2024-08-08🔒Charge registered #7Lender: Bank of America, N.A., London Branch
- 2024-08-08🔒Charge registered #6Lender: The Law Debenture Trust Corporation PLC
- 2021-07-10🔓Charge satisfied #1
- 2021-07-01➕COLLINS, Gay appointeddirector
- 2021-06-10➖SCOTT, Elisabeth Charlotte resigneddirector
- 2020-07-16➖CLAYDON, Mary Catherine resigneddirector
- 2020-02-01➕MONTGOMERY, Christine Ann appointeddirector
- 2018-05-24➖CARSON, John Seton Burrell resigneddirector
- 2018-04-01➕WILLIAMS, Howard appointeddirector
- 2016-12-17➖MACNAMARA, Rory Patrick resigneddirector
- 2016-05-25➖WOLTON, Peter Hugh resigneddirector
- 2016-02-01➕BARRON, David James appointeddirector
- 2016-02-01➕JUDD, Jasper Rayner Augusto appointeddirector
- 2015-12-08🔒Charge registered #5Lender: The Law Debenture Trust Corporation
- 2012-05-23➖SCOTT, John Philip Henry Schomberg resigneddirector
- 2012-01-24➕SCOTT, Elisabeth Charlotte appointeddirector
- 2011-05-23➖MATTERSON, Jean Grace Kemmis resigneddirector
- 2011-02-01➕CLAYDON, Mary Catherine appointeddirector
- 2007-06-25➕CARSON, John Seton Burrell appointeddirector
- 2007-05-08➖BUDGE, Ruaridh Mackenzie resigneddirector
- 2006-06-01➕ABRDN HOLDINGS LIMITED appointedcorporate-secretary
Showing most recent 50 of 79 events
Owner dependency
55/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
50/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple 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 →Similar companies
Active · Financial services · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AMATI GLOBAL INVESTORS LIMITED→ SC199908 · est 1999 | £8.90M £6.47M–£11.33M | — | — | 2800 | 26y | 84 | 66y |
| CS MANAGERS LTD→ SC231678 · est 2002 | £1.50M £1.09M–£1.91M | — | — | 1200 | 24y | 86 | 77y |
| GBCP VII (GENERAL PARTNER) LIMITED→ SC253395 · est 2003 · no financials extracted | — | — | — | — | 22y | 83 | 62y |
| NOBLE GROSSART LIMITED→ SC046265 · est 1969 · no financials extracted | — | — | — | — | 57y | 83 | 72y |
| PAYPLAN (SCOTLAND) LIMITED→ SC400113 · est 2011 · no financials extracted | — | — | — | — | 15y | 83 | 61y |
| PREMIER COMMERCIAL LIMITED→ SC160330 · est 1995 | — | — | £282.5k | — | 30y | 83 | 61y |
| RIA CAPITAL MARKETS LIMITED→ SC226461 · est 2001 · no financials extracted | — | — | — | — | 24y | 83 | 58y |
| SCOTIA WEALTH MANAGEMENT LTD.→ SC267795 · est 2004 | — | — | — | 1300 | 22y | 83 | 58y |
| ALAN STEEL (ASSET MANAGEMENT) LIMITED→ SC058014 · est 1975 | — | — | — | 44 | 51y | 82 | 62y |
| ALEX HAMMOND-CHAMBERS & COMPANY→ SC126819 · est 1990 · no financials extracted | — | — | — | — | 35y | 82 | 84y |
| BANDRON LIMITED→ SC082385 · est 1983 | — | — | — | 400 | 43y | 82 | 71y |
| FAMILY & BUSINESS ASSURANCE (SERVICES) LIMITED→ SC347357 · est 2008 | — | — | £50.9k | — | 17y | 82 | 67y |
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
Typeplc
Incorporated1879-03-24
Jurisdictionscotland
Primary SIC64301 — Activities of investment trusts
Registered office
1 George Street
Edinburgh
EH2 2LL
Scotland
Filing status
Accounts
Next due: 2027-07-31
Last made up to: 2026-01-31
Confirmation statement
Next due: 2027-05-25
Last: 2026-05-11
Officers (6 active · 21 resigned)
ABRDN HOLDINGS LIMITED→
Activecorporate-secretary · appointed 2006-06-01
View their other companies + combined net worth →
COLLINS, Gay→
Activedirector · ~63y · appointed 2021-07-01
View their other companies + combined net worth →
HART, Katrina Harriet→
Activedirector · ~52y · appointed 2026-03-01
View their other companies + combined net worth →
MONTGOMERY, Christine Ann→
Activedirector · ~65y · appointed 2020-02-01
View their other companies + combined net worth →
SARWAL, Arun Kumar→
Activedirector · ~69y · appointed 2025-02-01
View their other companies + combined net worth →
WILLIAMS, Howard→
Activedirector · ~66y · appointed 2018-04-01
View their other companies + combined net worth →
DUNEDIN FUND MANAGERS LIMITED→
Resignedcorporate-secretary · resigned 1996-08-20
EDINBURGH FUND MANAGERS PLC→
Resignedcorporate-secretary · appointed 1996-08-20 · resigned 2006-06-01
BARRON, David James→
Resigneddirector · ~67y · appointed 2016-02-01 · resigned 2025-05-22
BROWN, Ewan→
Resigneddirector · ~84y · appointed 1995-05-23 · resigned 2001-04-26
BUDGE, Ruaridh Mackenzie→
Resigneddirector · ~78y · appointed 2000-01-25 · resigned 2007-05-08
CARSON, John Seton Burrell→
Resigneddirector · ~74y · appointed 2007-06-25 · resigned 2018-05-24
CLAYDON, Mary Catherine→
Resigneddirector · ~62y · appointed 2011-02-01 · resigned 2020-07-16
COLTMAN, David Alexander→
Resigneddirector · ~84y · appointed 1993-10-19 · resigned 1996-04-23
DOUGLAS MILLER, Robert Alexander Gavin→
Resigneddirector · ~89y · appointed 1989-05-23 · resigned 2006-05-04
EGLINTON AND WINTON, Archibald George Montgomerie, The Rt Earl Of→
Resigneddirector · ~87y · resigned 2000-01-25
FLEMING, Valentine Patrick→
Resigneddirector · ~91y · resigned 2001-03-13
GUILD, Ivor Reginald→
Resigneddirector · ~102y · resigned 1994-04-19
JUDD, Jasper Rayner Augusto→
Resigneddirector · ~66y · appointed 2016-02-01 · resigned 2025-05-22
MACNAMARA, Rory Patrick→
Resigneddirector · ~71y · appointed 2005-09-07 · resigned 2016-12-17
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
4
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bank of America, N.A., London Branch | A registered charge | — | 08/08/2024 | — | |
| outstanding | Bank of America, N.A., London Branch | A registered charge | — | 08/08/2024 | — | |
| outstanding | The Law Debenture Trust Corporation The Law Debenture Trust Corporation PLC | A registered charge | — | 08/08/2024 | — | |
| outstanding | The Law Debenture Trust Corporation | A registered charge | 1 property | 08/12/2015 | — | |
| satisfied | The Law Debenture Trust Corporation The Law Debenture Trust Corporation PLC | Floating charge | 1 property | 10/01/1986 | 10/07/2021 | |
| satisfied | Lloyds Banking Group Bank of Scotland | Floating charge | 1 property | 25/03/1970 | 25/10/2005 | |
| satisfied | Lloyds Banking Group Bank of Scotland | Floating charge | 1 property | 25/03/1970 | 25/10/2005 | |
| satisfied | Lloyds Banking Group Bank of Scotland | Floating charge | 1 property | 25/03/1970 | 25/10/2005 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (606 total)
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-06-03
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-06-03
resolution
resolution · RESOLUTIONS
2026-06-01
confirmation-statement-with-updates
confirmation-statement · CS01
2026-05-26
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-05-20
accounts-with-accounts-type-full
accounts · AA
2026-05-07
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-04-13
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-03-25
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-03-18
appoint-person-director-company-with-name-date
officers · AP01
2026-03-06
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-02-24
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-02-03
accounts-with-accounts-type-interim
accounts · AA
2026-01-30
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-01-26
capital-return-purchase-own-shares-treasury-capital-date
capital · SH03
2026-01-09