KIRRIEMUIR GOLF CLUB LIMITED (THE)

🌳Matureactive

SC006873 · ltd · incorporated 1908-07-28

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

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

78/100

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 80-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 72/100. Strong seller-intent signal (65/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 56.7y

35/100

too messy

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

· Oldest live charge is 56.7 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (70/100)

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

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

56 officers (9 active, 56 linked, 53 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

194 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

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

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29
Average employees	2500	2500

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

1 signal 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (121 events)Click to expand

2025-11-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-12
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-11
➕
CLOUGH, Peter appointed
director
2025-11-11
➕
PATULLO, Ernest appointed
director
2025-11-11
➕
RIDDELL, Sam appointed
director
2025-11-11
➖
BARCLAY, Lisa resigned
director
2025-11-11
➖
MILLAR, Ross resigned
director
2025-07-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-12
➕
LYALL, David appointed
director
2024-11-12
➖
CHRISTIE, Robin resigned
director
2024-11-12
➖
FARQUHARSON, Grant resigned
director
2024-11-12
➖
YULE, Scott Grant resigned
director
2024-07-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-07
➕
CAMPBELL, Ewan appointed
director
2023-11-07
➕
KERR, Matthew appointed
director
2023-11-07
➖
TAYLOR, Malcolm John resigned
director
2023-09-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-02
➖
CRUICKSHANK, Carole resigned
director
2022-08-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-25
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-11-02
➕
LAING, Brian appointed
director
2021-11-02
➕
BARCLAY, Lisa appointed
director
2021-11-02
➖
BRADLEY, Sheila resigned
director
2021-11-02
➕
CRUICKSHANK, Carole appointed
director
2021-11-02
➖
ELLIOTT, Gordon resigned
director
2021-11-02
➕
FARQUHARSON, Grant appointed
director
2021-11-02
➕
MILLAR, Ross appointed
director
2021-11-02
➖
RAEBURN, June resigned
director
2021-11-02
➖
TAYLOR, Barrie resigned
director
2021-11-02
➖
TAYLOR, Lindsay John resigned
director
2019-11-16
➕
TAYLOR, Barrie appointed
director
2019-04-01
➕
YULE, Scott Grant appointed
director
2018-11-17
➕
CHRISTIE, Robin appointed
director
2018-11-17
➖
HOPKINS, Keith resigned
director
2018-11-17
➖
TAYLOR, Julie resigned
director
2018-11-15
➕
BRADLEY, Sheila appointed
director

Showing most recent 50 of 121 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-8 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 80 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 16 years.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

2 director resignations in last 12 months

medium

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

Evidence: BARCLAY, Lisa resigned 2025-11-11; MILLAR, Ross resigned 2025-11-11

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.

Similar companies

Active · Leisure & entertainment · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DUNDEE GYMNASTICS CLUB 2K→ SC250221 · est 2003 · no financials extracted	—	—	—	—	22y	83	66y
PROGRESSION SKI AND SNOWBOARD SCHOOL LIMITED→ SC224277 · est 2001	—	—	£26.1k	—	24y	82	58y
RAMSAY WORLD TRAVEL LIMITED→ SC089749 · est 1984	—	—	£11.09M	—	41y	82	70y
750 MOTOR CLUB (SCOTLAND) LIMITED→ SC047170 · est 1970	—	—	£2.6k	—	56y	81	68y
ANGUS RIDING FOR THE DISABLED→ SC289513 · est 2005	—	—	—	300	20y	81	66y
ART ANGEL (SCOTLAND) LIMITED→ SC363616 · est 2009 · no financials extracted	—	—	—	—	16y	81	79y
ARTS AND COMMUNITIES ASSOCIATION→ SC241593 · est 2002	—	—	£180	—	23y	81	72y
AULD KIRK CHARITABLE TRUST→ SC305621 · est 2006 · no financials extracted	—	—	—	—	19y	81	78y
ELIE HARBOUR TRUST LIMITED→ SC057287 · est 1975 · no financials extracted	—	—	—	—	51y	81	79y
ROYAL BURGH OF INVERBERVIE COMMUNITY CARAVAN PARK LTD.→ SC285489 · est 2005	—	—	—	200	20y	81	80y
SHIELBRIDGE LIMITED→ SC029862 · est 1954	—	—	£155.8k	—	72y	81	79y
THE ABERDEEN AND DISTRICT MOTOR CLUB LTD.→ SC028939 · est 1952	—	—	£8.4k	—	73y	81	70y

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

Incorporated1908-07-28

Jurisdictionscotland

Primary SIC93110 — Operation of sports facilities

Registered office

The Clubhouse Shielhill Road

Northmuir

Kirriemuir

Angus

DD8 4LN

Scotland

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-11-14

Last: 2025-10-31