DRUMSHEUGH BATHS CLUB. LIMITED

🌳Matureactive

SC005043 · ltd · incorporated 1902-03-12

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

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What this business does

Primary activity: Operation of sports facilities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 75-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 62/100. Strong seller-intent signal (65/100, director aged 75). 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: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 4 lenders · oldest 21.9y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 21.9 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

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

Lenders & charges

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

Directors & officers

47 officers (8 active, 47 linked, 41 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

6 connected companies via shared directors

Filing history

204 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

77/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (108 events)Click to expand

2025-09-29
📄
accounts-with-accounts-type-small
accounts · AA
2025-04-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-03
➖
KEITH, Carol resigned
director
2025-03-18
📄
resolution
resolution · RESOLUTIONS
2025-03-17
📄
capital-allotment-shares
capital · SH01
2024-10-23
📄
accounts-with-accounts-type-small
accounts · AA
2024-09-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-18
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-09-18
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-08-29
➕
ATKINSON, Elspeth, Dr appointed
director
2024-08-29
➕
HARVEY, Alistair Anderson appointed
director
2024-08-29
➕
NOVE, Joanne Vivien appointed
director
2024-08-28
➖
ARCHER, Stephen resigned
director
2024-08-28
➖
VETTRAINO, Anthony resigned
director
2024-07-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-07-03
🔒
Charge registered #5
Lender: Edinburgh World Heritage Trust
2024-02-12
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-12
🔓
Charge satisfied #3
2024-01-08
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-08
🔓
Charge satisfied #1
2023-08-01
📄
accounts-with-accounts-type-small
accounts · AA
2022-12-06
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-08
➖
HENRY, Gordon William resigned
secretary
2022-11-08
➖
HENRY, Gordon William resigned
director
2022-08-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-19
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2022-08-15
➕
DOCHERTY, Caroline appointed
secretary
2022-08-15
➕
JACKSON, John appointed
director
2022-07-04
📄
accounts-with-accounts-type-small
accounts · AA
2021-08-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-03
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-07-27
➕
ROBERTSON, Robert Baldwin appointed
director
2021-06-22
➖
PELLEY, Abbe Le resigned
director
2021-05-12
🔓
Charge satisfied #4
2021-05-12
🔓
Charge satisfied #2
2020-02-19
➖
BOYD, Jennifer Louise resigned
director
2020-01-15
➕
PELLEY, Abbe Le appointed
director
2019-11-13
➕
DOCHERTY, Caroline appointed
director
2019-10-09
➖
MILLER, James resigned
director
2019-08-22
➖
MACINANTE, Justin Damian resigned
director
2018-07-16
➕
HENRY, Gordon William appointed
secretary
2018-06-13
➖
CIANCANELLI, Penelope resigned
director
2018-03-14
➕
BOYD, Jennifer Louise appointed
director
2017-10-11
➖
HUNGERFORD, Richard Anthony Alexander resigned
director
2017-05-17
➕
VETTRAINO, Anthony appointed
director
2017-03-15
➕
ARCHER, Stephen appointed
director
2017-03-15
➕
HUNGERFORD, Richard Anthony Alexander appointed
director

Showing most recent 50 of 108 events

Owner dependency

55/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-6 active directors: Broader management team in place — suggests transferable governance.
+Founder age: Director aged approximately 75 — succession pressure is live.

Succession & seller-readiness

60/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.

Red flags

1 med ·

Charge satisfaction-then-recreation pattern

medium

Multiple 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 · Leisure & entertainment · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
FESTIVALS EDINBURGH LIMITED→ SC331673 · est 2007	£179.5k £139.6k–£219.4k	—	—	6	18y	86	70y
ALHAMBRA THEATRE TRUST→ SC345187 · est 2008 · no financials extracted	—	—	—	—	17y	83	77y
ARCHERFIELD & FIDRA GOLF COURSES LIMITED→ SC260327 · est 2003 · no financials extracted	—	—	—	—	22y	83	79y
ASSEMBLY THEATRE LIMITED→ SC092088 · est 1985	—	—	£185.5k	—	41y	83	78y
BRAID HILLS SHOP LIMITED→ SC177390 · est 1997 · no financials extracted	—	—	—	—	28y	83	70y
CHEEK BY JOWL THEATRE COMPANY LIMITED→ SC078954 · est 1982 · no financials extracted	—	—	—	—	43y	83	74y
CORRIES (MUSIC) LTD., THE→ SC056353 · est 1974	—	—	£2	—	51y	83	89y
DM AUDIO LIMITED→ SC245613 · est 2003	—	—	—	9	23y	83	61y
HISTORIC CHURCHES SCOTLAND→ SC162884 · est 1996 · no financials extracted	—	—	—	—	30y	83	77y
MAGNETIC NORTH THEATRE PRODUCTIONS LIMITED→ SC199210 · est 1999 · no financials extracted	—	—	—	—	26y	83	75y
RADICAL TRAVEL GROUP LIMITED→ SC136334 · est 1992 · no financials extracted	—	—	—	—	34y	83	61y
THE SCOTCH WHISKY HERITAGE CENTRE LIMITED→ SC100141 · est 1986 · no financials extracted	—	—	—	—	39y	83	77y

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

Incorporated1902-03-12

Jurisdictionscotland

Primary SIC93110 — Operation of sports facilities

Registered office

Suite 2, Ground Floor Orchard Brae House

30 Queensferry Road

Edinburgh

EH4 2HS

United Kingdom

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-08-06

Last: 2025-07-23