SCOTTISH GLIDING UNION LIMITED

🌳Matureactive
SC020527 · private-limited-guarant-nsc · incorporated 1938-07-15
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 27.5y old — refinance window within 12 months
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£980.9k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Asset-holding vehicle with a 76-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 85/100. Strong seller-intent signal (63/100, director aged 76). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 27.5y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 27.5 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (72/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
100 officers (5 active, 100 linked, 78 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
331 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £980,850

Key financials

2 years extracted from filed iXBRL accounts
Cash
£178k
Net Worth
£981k
Current Assets
£242k
Current Liabilities
£0£196k£392k£589k£785k£981kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£999.7k
Current assets£242.0k
Cash£177.8k
Debtors£34.8k
Net assets£980.9k
Average employees400

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
0
filings
Last 90 days
3
filings
  • 3 officers
Last 180 days
4
filings
  • 4 officers
Counts from Companies House filing history.
Corporate timeline (210 events)Click to expand
  1. 2026-03-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-03-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-02-22
    BYRNE, Kathleen Frances, Dr appointed
    director
  4. 2026-02-22
    DUNCAN, Bruce William resigned
    director
  5. 2026-02-05
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-01-01
    KIPP, Reiner resigned
    director
  7. 2026-01-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2025-09-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2025-05-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-05-10
    MUTCH, Alastair Ian appointed
    director
  11. 2025-04-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2025-04-17
    MACLEAN, Christian appointed
    director
  13. 2025-03-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2025-03-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2025-03-01
    BUCHAN, Keith Andrew George appointed
    director
  16. 2025-02-28
    FRASER, Graham Neil resigned
    director
  17. 2024-09-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  18. 2024-09-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2024-09-09
    MUTCH, Alastair Ian resigned
    director
  20. 2024-05-29
    📄
    memorandum-articles
    incorporation · MA
  21. 2024-05-29
    📄
    resolution
    resolution · RESOLUTIONS
  22. 2024-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  23. 2024-05-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2024-05-18
    ADAMS, Mark Anson Millington resigned
    director
  25. 2024-03-31
    MARSHALL, Gerald Alexander resigned
    director
  26. 2024-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2023-12-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2023-11-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2023-11-08
    ADAMS, Mark Anson Millington appointed
    director
  30. 2023-11-08
    MARSHALL, Gerald Alexander appointed
    director
  31. 2023-09-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  32. 2023-09-15
    NEWTON, Dominic Ancel resigned
    director
  33. 2023-08-30
    📄
    change-person-director-company-with-change-date
    officers · CH01
  34. 2023-08-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  35. 2023-08-30
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  36. 2023-08-22
    MUTCH, Alastair Ian appointed
    director
  37. 2023-08-17
    DOLAN, Philip resigned
    director
  38. 2023-04-29
    BRADFORD, Mark resigned
    director
  39. 2023-04-29
    FRASER, Graham Neil appointed
    director
  40. 2023-04-29
    NEWTON, Dominic Ancel appointed
    director
  41. 2022-06-14
    WOOD, Andrew Lindsay appointed
    secretary
  42. 2022-06-14
    BRADFORD, Mark resigned
    secretary
  43. 2022-05-08
    BRADFORD, Mark appointed
    secretary
  44. 2022-05-08
    MORRIS, Matthew James resigned
    secretary
  45. 2022-05-08
    BYRNE, Kate Frances resigned
    director
  46. 2022-05-08
    DICKSON, Jamie Laidlaw resigned
    director
  47. 2022-05-08
    DOLAN, Philip appointed
    director
  48. 2022-05-08
    HENDERSON, Kenneth Christie resigned
    director
  49. 2022-05-08
    KIPP, Reiner appointed
    director
  50. 2022-05-08
    MORRIS, Matthew James resigned
    director
Showing most recent 50 of 210 events

Owner dependency

55/100
Moderate — manageable with handover

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 76 — 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 76 years old. Natural succession window is now.

Red flags

1 med ·
2 director resignations in last 12 months
medium

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

Evidence: DUNCAN, Bruce William resigned 2026-02-22; KIPP, Reiner resigned 2026-01-01

🔒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

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-limited-guarant-nsc
Incorporated1938-07-15
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

Portmoak Airfield
Scotlandwell
By Kinross
KY13 9JJ

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-28
Last: 2025-05-14

Officers (5 active · 119 resigned)

WOOD, Andrew Lindsay
secretary · appointed 2022-06-14
View their other companies + combined net worth →
Active
BUCHAN, Keith Andrew George
director · ~69y · appointed 2025-03-01
View their other companies + combined net worth →
Active
BYRNE, Kathleen Frances, Dr
director · ~67y · appointed 2026-02-22
View their other companies + combined net worth →
Active
MACLEAN, Christian
director · ~76y · appointed 2025-04-17
View their other companies + combined net worth →
Active
MUTCH, Alastair Ian
director · ~67y · appointed 2025-05-10
View their other companies + combined net worth →
Active
ALLCOAT, Neville John
secretary · appointed 1995-03-05 · resigned 1996-03-31
Resigned
BOYLE, Alan Edward, Professor
secretary · appointed 2011-03-19 · resigned 2011-11-11
Resigned
BRADFORD, Mark
secretary · appointed 2022-05-08 · resigned 2022-06-14
Resigned
CARUS, David Alexander, Dr
secretary · appointed 2018-01-24 · resigned 2020-08-31
Resigned
DOLAN, Philip
secretary · appointed 2015-03-21 · resigned 2018-01-24
Resigned
DUNCAN, Thomas
secretary · appointed 1992-05-10 · resigned 1992-11-22
Resigned
FORSTER, Michael Dall
secretary · appointed 2020-09-01 · resigned 2021-08-30
Resigned
MACALPINE, Colin
secretary · resigned 1991-06-04
Resigned
MARSHALL, Gerald Alexander
secretary · appointed 1996-04-01 · resigned 1997-05-25
Resigned
MARSHALL, Samuel Bruce
secretary · appointed 2002-04-28 · resigned 2006-03-25
Resigned
MORRIS, Matthew James
secretary · appointed 2021-08-30 · resigned 2022-05-08
Resigned
MUNRO, John, Rev Dr
secretary · appointed 2006-03-25 · resigned 2008-03-29
Resigned
MURPHY, Trevor
secretary · appointed 1991-05-12 · resigned 1992-05-10
Resigned
PROVAN, James Davidson
secretary · appointed 1996-03-31 · resigned 2002-04-28
Resigned
ROUGVIE, Alexander
secretary · appointed 2011-11-11 · resigned 2015-03-21
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property07/11/199821/01/2019

Recent filings (331 total)

appoint-person-director-company-with-name-date
officers · AP01
2026-03-24
termination-director-company-with-name-termination-date
officers · TM01
2026-03-09
termination-director-company-with-name-termination-date
officers · TM01
2026-02-05
termination-director-company-with-name-termination-date
officers · TM01
2026-01-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-30
appoint-person-director-company-with-name-date
officers · AP01
2025-05-20
appoint-person-director-company-with-name-date
officers · AP01
2025-04-23
appoint-person-director-company-with-name-date
officers · AP01
2025-03-10
termination-director-company-with-name-termination-date
officers · TM01
2025-03-10
appoint-person-director-company-with-name-date
officers · AP01
2024-09-10
termination-director-company-with-name-termination-date
officers · TM01
2024-09-10
memorandum-articles
incorporation · MA
2024-05-29
resolution
resolution · RESOLUTIONS
2024-05-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-27