THE NORTH BRITISH DISTILLERY COMPANY LIMITED

🌳Matureactive

SC001491 · ltd · incorporated 1885-10-24

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Why now

Window closing · medium confidence

Getting harder to buy — profile has hardened into "well run hard buy" recently.

· Investment thesis: unclassified → well_run_hard_buy
· Hygiene score: 75 → 85

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

·Investment thesis: unclassified → well_run_hard_buy
↑Hygiene score: 75 → 85

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

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: SIC 11010

Sector: Manufacturing

Investor take

Pursue

Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 72/100 (strong), bankability 62/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

5 live charges · 5 lenders · oldest 23.5y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 23.5 years old — likely at or near maturity.
· 5 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: medium (60/100)

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

Lenders & charges

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

Directors & officers

46 officers (6 active, 46 linked, 44 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

10 connected companies via shared directors

Filing history

197 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (103 events)Click to expand

2025-09-08
📄
accounts-with-accounts-type-full
accounts · AA
2025-07-01
➕
MAIR, Adam William Frederick appointed
director
2025-07-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-07-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-30
➖
KILPATRICK, Alan John Stewart resigned
director
2025-06-30
➖
KYDD, Michael William resigned
director
2025-06-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-06-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-11
➕
CAMPBELL, Lindsay Margaret appointed
director
2025-06-11
➖
GRAHAM, Jane Louise, Mrs. resigned
director
2025-04-01
➕
BROGAN, Gavin James appointed
director
2025-04-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-09
📄
accounts-with-accounts-type-full
accounts · AA
2023-12-09
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-12-09
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-12-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-12-08
🔒
Charge registered #5
Lender: Lloyds Bank Corporate Markets PLC
2023-09-08
📄
accounts-with-accounts-type-full
accounts · AA
2022-09-06
📄
accounts-with-accounts-type-full
accounts · AA
2021-12-08
➕
ULMAN, Kedar Vivekanand appointed
director
2021-12-08
➖
BEDFORD, Richard William resigned
director
2021-12-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-12-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-10-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-28
➕
KYDD, Michael William appointed
director
2021-10-28
➖
WALTON, Sarah Jeanne resigned
director
2021-10-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-09-10
📄
accounts-with-accounts-type-full
accounts · AA
2021-06-30
➕
GARRIDO, Luis Gaston appointed
director
2021-06-30
➖
HUTCHEON, Graham Robert, Mr. resigned
director
2021-06-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-06-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-29
➖
SULLY ÉP. HUTT, Gaëlle Jeanne Dominique resigned
director
2020-10-29
➕
WALTON, Sarah Jeanne appointed
director
2019-12-31
➕
BEDFORD, Richard William appointed
director
2019-12-31
➖
CUTTER, David Andrew resigned
director
2019-12-31
➖
SCOTT, Pamela Elizabeth resigned
director
2019-12-31
➕
SULLY ÉP. HUTT, Gaëlle Jeanne Dominique appointed
director
2019-03-29
➖
CURLE, Ian Barrett, Mr. resigned
director
2019-03-29
➕
GRAHAM, Jane Louise, Mrs. appointed
director
2018-04-23
➖
BEDFORD, Richard William resigned
director
2018-04-23
➕
SCOTT, Pamela Elizabeth appointed
director
2016-12-31
➖
LEIGH, Thomas Alan resigned
director
2015-12-31
➖
RAE, William David resigned
director
2015-09-01
➕
KILPATRICK, Alan John Stewart appointed
director
2013-05-14
➕
CUTTER, David Andrew appointed
director
2013-05-14
➖
DONAGHEY, Bryan Harold resigned
director
2011-03-16
🔒
Charge registered #4
Lender: The Trustees of the North British Distillery Company Limited Pension Scheme
2010-10-14
🔒
Charge registered #3
Lender: Bank of Scotland PLC

Showing most recent 50 of 103 events

Owner dependency

40/100

Moderate — manageable with handover

Some 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.

Succession & seller-readiness

30/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

Red flags

1 med ·

2 director resignations in last 12 months

medium

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

Evidence: KILPATRICK, Alan John Stewart resigned 2025-06-30; KYDD, Michael William resigned 2025-06-30

Group structure

Lothian Distillers Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Lothian Distillers Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

THE NORTH BRITISH DISTILLERY COMPANY LIMITED

This company · SC001491

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

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Lothian Distillers Limited Corporate entity	75–100%	—	75-100% shares	06/04/2016

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 →

Similar companies

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BRODIE MELROSE DRYSDALE & CO. LIMITED→ SC201590 · est 1999	£1.45M £1.07M–£1.84M	£8.61M	—	3300	26y	84	63y
HAMLYNS OF SCOTLAND LIMITED→ SC176949 · est 1997	£99.9k £73.6k–£126.2k	£27.47M	—	5400	28y	86	80y
SALTIRE PATISSERIE LTD.→ SC295828 · est 2006	—	—	—	15	20y	83	63y
SCOT CHIP LIMITED→ SC258060 · est 2003	—	—	£1.38M	—	22y	83	61y
THE PREMIUM BAKERY LIMITED→ SC316253 · est 2007	—	—	£420.7k	—	19y	83	69y
CAWOODS (FISHCURERS) LIMITED→ SC034153 · est 1959 · no financials extracted	—	—	—	—	66y	82	60y
S LUCA OF MUSSELBURGH LIMITED→ SC296882 · est 2006	—	—	£1.65M	—	20y	82	69y
YESTER FARM DAIRIES LIMITED→ SC396162 · est 2011	—	—	—	1400	15y	82	73y
ARTISAN ROAST LIMITED→ SC327756 · est 2007	—	—	—	3600	18y	81	62y
GRAMPIAN OAT PRODUCTS LIMITED→ SC176950 · est 1997	—	—	—	0	28y	81	80y
MOROCCO GOLD LIMITED→ SC370625 · est 2009	—	—	£249.9k	—	16y	81	72y
TRAQUAIR HOUSE BREWERY LIMITED→ SC172147 · est 1997	—	—	—	300	29y	81	62y

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.

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Company details

Statusactive

Typeltd

Incorporated1885-10-24

Jurisdictionscotland

Primary SIC11010 — SIC 11010

Registered office

Wheatfield Road

Edinburgh

EH11 2PX

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-04-20

Last: 2026-04-06