BLAIR TRUST COMPANY

🌳Matureactive
SC013503 · private-unlimited · incorporated 1925-02-09
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
82/100
Exceptional
🔔
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What this business does
Primary activity: SIC 01500
Sector: Agriculture, forestry & fishing
ALSO REGISTERED FOR
  • 08990SIC 08990
Investor take
Pursue
Active trading company with a 79-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 62/100. Strong seller-intent signal (65/100, director aged 79). 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

4 live charges · 3 lenders · oldest 27.6y

35/100
too messy

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

  • · Oldest live charge is 27.6 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — 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, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
12 connected companies via shared directors
81
Filing history
62 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
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
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2024-11-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2022-05-07
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2022-05-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  4. 2022-05-07
    🔓
    Charge satisfied #3
  5. 2022-04-29
    🔒
    Charge registered #5
    Lender: Weatherbys Bank Limited
  6. 2015-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2015-11-03
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  8. 2015-11-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2015-11-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2015-11-03
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2015-09-18
    ➖
    MCCOSH, James resigned
    secretary
  12. 2014-12-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2014-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2013-09-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2012-10-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2012-07-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2012-07-31
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2011-12-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2011-07-20
    🔓
    Charge satisfied #4
  20. 2010-03-24
    🔒
    Charge registered #4
    Lender: Res Developments Limited
  21. 2006-08-10
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  22. 2005-08-04
    🔓
    Charge satisfied #2
  23. 2001-10-27
    ➖
    BORWICK, Veronica June resigned
    director
  24. 2000-12-18
    ➕
    BORWICK, Caroline Nancy appointed
    director
  25. 2000-12-18
    ➕
    BORWICK, Malcolm Peter appointed
    director
  26. 1998-12-23
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  27. 1925-02-09
    🏢
    Company incorporated
    As BLAIR TRUST COMPANY

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 79 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 101 years old and no new directors in the last 3 years — succession not yet being planned internally.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

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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SC124520 · est 1990
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——036y8363y
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——£114.4k—23y8374y
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——£1.36M—43y8368y
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——£269.0k—71y8369y
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——£453.8k—41y8361y
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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
Typeprivate-unlimited
Incorporated1925-02-09
Jurisdictionscotland
Primary SIC01500 — SIC 01500

Registered office

Level 4,9 Haymarket Square
Edinburgh
EH3 8RY
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2009-04-05
Confirmation statement
Next due: 2026-10-02
Last: 2025-09-18

Officers (3 active · 2 resigned)

BORWICK, Caroline Nancy→
director · ~76y · appointed 2000-12-18
View their other companies + combined net worth →
Active
BORWICK, Luke Malise→
director · ~79y
View their other companies + combined net worth →
Active
BORWICK, Malcolm Peter→
director · ~49y · appointed 2000-12-18
View their other companies + combined net worth →
Active
MCCOSH, James→
secretary · resigned 2015-09-18
Resigned
BORWICK, Veronica June→
director · ~108y · resigned 2001-10-27
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Weatherbys Bank
Weatherbys Bank Limited
A registered charge1 property29/04/2022—
satisfied
Res Developments
Res Developments Limited
Standard security1 property24/03/201020/07/2011
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property10/08/200607/05/2022
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property23/12/199804/08/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (62 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-11
mortgage-satisfy-charge-full
mortgage · MR04
2022-05-07
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2022-05-07
confirmation-statement-with-updates
confirmation-statement · CS01
2021-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2017-10-02
confirmation-statement-with-updates
confirmation-statement · CS01
2016-11-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-03
termination-secretary-company-with-name-termination-date
officers · TM02
2015-11-03