SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST

🌳Matureactive

SC016172 · private-limited-guarant-nsc · incorporated 1930-10-20

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

83/100

Exceptional

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What this business does

Primary activity: Museum activities

Sector: Arts, entertainment & recreation

ALSO REGISTERED FOR

91030Operation of historical sites and buildings and similar visitor attractions

Investor take

Pursue

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

Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 75). 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

5 live charges · 3 lenders · oldest 8.6y

35/100

too messy

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

· Oldest live charge is 8.6 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: low (51/100)

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

Lenders & charges

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

Directors & officers

73 officers (11 active, 73 linked, 48 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

11 connected companies via shared directors

Filing history

174 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

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

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 (122 events)Click to expand

2025-11-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-10-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-08-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-01
➕
LOWSON, Sandra Ford appointed
director
2024-12-31
➖
ALLEN, Stephen Charles resigned
director
2024-10-03
📄
accounts-with-accounts-type-small
accounts · AA
2024-09-30
➕
WILSON, David Hubert Livingstone, Dr appointed
director
2024-04-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-04-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-31
➖
MCLEAN, Miller Roy resigned
director
2024-01-26
➖
MCCRINDLE, Brian resigned
director
2023-12-04
📄
memorandum-articles
incorporation · MA
2023-12-04
📄
resolution
resolution · RESOLUTIONS
2023-10-16
📄
accounts-with-accounts-type-small
accounts · AA
2023-08-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-08-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-09
➕
ALLEN, Stephen Charles appointed
director
2023-05-09
➖
MACKENZIE, Grant William resigned
director
2022-09-27
📄
accounts-with-accounts-type-small
accounts · AA
2022-09-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-09-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-08-29
➕
COOPER, Margaret Boyd, Provost appointed
director
2022-08-29
➕
MURDOCH, Stewart Macleod appointed
director
2022-08-29
➖
MURDOCH, Elspeth Jean resigned
director
2022-08-12
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-06-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-06-14
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-06-06
➖
MCALLAN, Ian, Provost resigned
director
2022-03-04
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-30
📄
accounts-with-accounts-type-small
accounts · AA
2021-11-22
➖
FIRTH, Alastair James resigned
director
2021-11-22
➕
MACKENZIE, Grant William appointed
director
2021-01-25
➕
MCCRINDLE, Brian appointed
director
2021-01-22
➖
FRAME, David Stuart resigned
secretary
2020-10-23
➕
MATEMBA, Yonah, Dr appointed
director
2020-08-31
➖
NORRIS, Ken resigned
director
2020-07-10
➕
SIMPSON, Kathryn Caroline Susan, Dr appointed
director
2019-08-26
➖
BROWN, David Gillespie resigned
director
2019-08-26
➖
LIVINGSTONE, Ian Lang resigned
director
2019-03-29
🔒
Charge registered #5
Lender: Architectural Heritage Fund
2019-03-29
🔒
Charge registered #4
Lender: Historic Environment Scotland
2019-03-29
🔒
Charge registered #3
Lender: Historic Environment Scotland
2018-09-26
➕
HAUGHEY, Susan, Lady appointed
director
2018-06-12
🔒
Charge registered #2
Lender: The Trustees of the National Heritage Memorial Fund
2018-06-05
🔓
Charge satisfied #1
2018-05-03
➖
AULD, Alasdair resigned
director
2018-05-03
➕
BROWN, David Gillespie appointed
director
2018-05-03
➕
FIRTH, Alastair James appointed
director

Showing most recent 50 of 122 events

Owner dependency

73/100

High — earn-out structure required

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

FACTORS

-11 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 75 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 75 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
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 →

Similar companies

Active · Leisure & entertainment · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	14y	91	68y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	21y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	26y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	32y	83	86y
THE GLADIATOR PROGRAMME LIMITED→ SC214238 · est 2000 · no financials extracted	—	—	—	—	25y	83	74y
WORLD TRAVEL DIRECT LTD.→ SC249222 · est 2003 · no financials extracted	—	—	—	—	22y	—	—

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc

Incorporated1930-10-20

Jurisdictionscotland

Primary SIC91020 — Museum activities

Registered office

David Livingstone Centre 165 Station Road

Blantyre

Glasgow

G72 9BY

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-07-17

Last: 2025-07-03