THE SCOTTISH ASSOCIATION FOR MARINE SCIENCE

🌳Matureactive
SC009292 · private-limited-guarant-nsc · incorporated 1914-12-18
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.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Research and experimental development on biotechnology
Sector: Professional, scientific & technical
ALSO REGISTERED FOR
  • 72190Other research and experimental development on natural sciences and engineering
  • 74909Other professional, scientific and technical activities n.e.c.
  • 85421First-degree level higher education
Investor take
Pursue
Strong opportunity: active trading company with strong profile and structurally messy structure.

Opportunity 79/100 (strong), bankability 52/100. 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 (45/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 22.3y

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 22.3 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 48/100 (high).

Data confidence

Overall: low (50/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 4 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
100 officers (16 active, 100 linked, 91 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
314 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
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
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
6
filings
  • 3 officers
  • 1 mortgage
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (200 events)Click to expand
  1. 2026-01-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-01-12
    🔓
    Charge satisfied #3
  3. 2026-01-07
    📄
    accounts-with-accounts-type-group
    accounts · AA
  4. 2025-12-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-12-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2025-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2025-12-05
    BRUTON, Gillian Margaret appointed
    director
  8. 2025-12-05
    CRAVEN, Jessica appointed
    director
  9. 2025-12-05
    MITCHESON, Helen appointed
    director
  10. 2025-04-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-04-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-03-28
    MURRAY, Diana Mary resigned
    director
  13. 2025-03-25
    MONRO, Stuart Kinnaird, Professor appointed
    director
  14. 2025-01-13
    📄
    accounts-with-accounts-type-group
    accounts · AA
  15. 2024-12-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2024-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2024-12-11
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2024-12-06
    RAVEN, Hugh Jonathan Earle appointed
    director
  21. 2024-12-06
    BAXTER, John Mowbray, Professor resigned
    director
  22. 2024-12-06
    BROWNLEE, Colin, Professor resigned
    director
  23. 2024-12-06
    MCNEILL, Deborah Catherine, Dr resigned
    director
  24. 2024-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  25. 2024-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2024-06-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  27. 2024-06-14
    ASHTON, Keir Edward appointed
    director
  28. 2024-06-14
    DANCE, Laura Margaret appointed
    director
  29. 2024-06-14
    LEDGARD, Louise Joyce, Dr appointed
    director
  30. 2024-03-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  31. 2024-03-22
    NICOLSON, Donald Magnus, Dr resigned
    director
  32. 2024-01-03
    📄
    accounts-with-accounts-type-group
    accounts · AA
  33. 2023-12-12
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  34. 2023-12-01
    CHILTON, Lisa Jaël resigned
    director
  35. 2023-07-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  36. 2023-07-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  37. 2023-07-05
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  38. 2023-06-16
    CHRISTIE, Adam appointed
    director
  39. 2023-06-16
    JARDINE, Ian William appointed
    director
  40. 2023-06-16
    WALLACE, Douglas, Professor appointed
    director
  41. 2023-06-16
    WILLIAMS, Alun Stuart appointed
    director
  42. 2023-01-20
    PEERS, Jason resigned
    director
  43. 2023-01-13
    HANNAH, Joanne Elizabeth resigned
    director
  44. 2022-12-02
    HOLLANDERS, Eric Francois Jacques appointed
    director
  45. 2022-12-02
    DUNN, Ian Derek resigned
    director
  46. 2022-12-02
    HANNAH, Joanne Elizabeth appointed
    director
  47. 2022-12-02
    PEERS, Jason appointed
    director
  48. 2022-07-31
    MACKERRON, John Charles Alexander resigned
    director
  49. 2022-01-11
    MACKENZIE, Ann appointed
    secretary
  50. 2022-01-11
    MILLER, Axel Edward Jason, Professor resigned
    secretary
Showing most recent 50 of 200 events

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • -15 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 79 — 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 79 years old. Natural succession window is now.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

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 →
🔒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
Typeprivate-limited-guarant-nsc
Incorporated1914-12-18
Jurisdictionscotland
Primary SIC72110 — Research and experimental development on biotechnology

Registered office

Sams
Dunbeg
Oban
PA37 1QA
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30

Officers (16 active · 94 resigned)

MACKENZIE, Ann
secretary · appointed 2022-01-11
View their other companies + combined net worth →
Active
ASHTON, Keir Edward
director · ~56y · appointed 2024-06-14
View their other companies + combined net worth →
Active
BRUTON, Gillian Margaret
director · ~62y · appointed 2025-12-05
View their other companies + combined net worth →
Active
CHRISTIE, Adam
director · ~64y · appointed 2023-06-16
View their other companies + combined net worth →
Active
CRAVEN, Jessica
director · ~41y · appointed 2025-12-05
View their other companies + combined net worth →
Active
DANCE, Laura Margaret
director · ~48y · appointed 2024-06-14
View their other companies + combined net worth →
Active
HOLLANDERS, Eric Francois Jacques
director · ~66y · appointed 2022-12-02
View their other companies + combined net worth →
Active
JARDINE, Ian William
director · ~67y · appointed 2023-06-16
View their other companies + combined net worth →
Active
LEDGARD, Louise Joyce, Dr
director · ~59y · appointed 2024-06-14
View their other companies + combined net worth →
Active
MITCHESON, Helen
director · ~41y · appointed 2025-12-05
View their other companies + combined net worth →
Active
MOFFAT, Colin Forbes, Professor
director · ~66y · appointed 2021-12-03
View their other companies + combined net worth →
Active
MONRO, Stuart Kinnaird, Professor
director · ~79y · appointed 2025-03-25
View their other companies + combined net worth →
Active
RAVEN, Hugh Jonathan Earle
director · ~65y · appointed 2024-12-06
View their other companies + combined net worth →
Active
WAITES, Richard, Professor
director · ~57y · appointed 2021-12-03
View their other companies + combined net worth →
Active
WALLACE, Douglas, Professor
director · ~67y · appointed 2023-06-16
View their other companies + combined net worth →
Active
WILLIAMS, Alun Stuart
director · ~58y · appointed 2023-06-16
View their other companies + combined net worth →
Active
MATTHEWS, John Burr Lumley, Professor
secretary · resigned 1999-11-01
Resigned
MILLER, Axel Edward Jason, Professor
secretary · appointed 2015-10-16 · resigned 2022-01-11
Resigned
SHIMMIELD, Graham Barry, Professor
secretary · appointed 1999-11-01 · resigned 2001-11-06
Resigned
WALTON, Elaine Barbara
secretary · appointed 2001-11-06 · resigned 2015-10-15
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Uhi Millennium Institute
Standard security1 property10/03/2010
outstanding
Uhi Millennium Institute
Standard security1 property10/03/2010
satisfied
Hie Argyll and the Islands
Standard security1 property05/04/200712/01/2026
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/02/2004
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property26/01/2004
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (314 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-01-12
accounts-with-accounts-type-group
accounts · AA
2026-01-07
appoint-person-director-company-with-name-date
officers · AP01
2025-12-18
appoint-person-director-company-with-name-date
officers · AP01
2025-12-18
appoint-person-director-company-with-name-date
officers · AP01
2025-12-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-03
termination-director-company-with-name-termination-date
officers · TM01
2025-04-01
appoint-person-director-company-with-name-date
officers · AP01
2025-04-01
accounts-with-accounts-type-group
accounts · AA
2025-01-13
appoint-person-director-company-with-name-date
officers · AP01
2024-12-17
termination-director-company-with-name-termination-date
officers · TM01
2024-12-11
termination-director-company-with-name-termination-date
officers · TM01
2024-12-11
termination-director-company-with-name-termination-date
officers · TM01
2024-12-11
termination-director-company-with-name-termination-date
officers · TM01
2024-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-04