R.A. WOTHERSPOON LIMITED

🌳Matureactive
SC030948 · ltd · incorporated 1955-07-19
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 48.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2024
Net worth
£16.1k
book net assets
Opportunity
82/100
Exceptional
🔔
Follow this company (free)
Email alerts on filings, charges, director changes, gazette notices. No account needed.

Unsubscribe any time from any email. GDPR-respectful.

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pursue
Dormant / non-trading with a 60-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 60). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 48.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 48.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £16,114
Net assets shrinking
Down £5,717 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£16k
↓ 26% YoY
Current Assets
—
Current Liabilities
—
£0£4k£9k£13k£17k£22kSept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Total assets£16.1k£21.8k
Debtors£25.4k£20.4k
Net assets£16.1k£21.8k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-07-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-06-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-09-28
    ➖
    CORRIGAN, Helena resigned
    director
  4. 2024-06-11
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2024-02-06
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  6. 2024-01-30
    🔒
    Charge registered #2
    Lender: Allica Bank Limited
  7. 2024-01-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-01-15
    🔓
    Charge satisfied #1
  9. 2023-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2023-08-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2023-08-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  12. 2023-08-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2023-08-08
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2023-08-08
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  15. 2023-08-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2022-06-20
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2021-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2020-09-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2019-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2018-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2002-03-11
    ➕
    CORRIGAN, Bernard Gerard appointed
    director
  22. 2002-03-11
    ➕
    CORRIGAN, Sean appointed
    director
  23. 2001-10-31
    ➖
    CORRIGAN, Bernard resigned
    director
  24. 1988-12-01
    ➕
    CORRIGAN, Bernard Gerard appointed
    secretary
  25. 1978-06-09
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  26. 1973-05-31
    ➕
    CORRIGAN, Bernard appointed
    director
  27. 1955-07-19
    🏢
    Company incorporated
    As R.A. WOTHERSPOON LIMITED

Owner dependency

84/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 71 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.)

Group structure

Bernard Corrigan Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Bernard Corrigan Ltd
Corporate parent · holds 75-100% shares
ultimate parent
⬇
R.A. WOTHERSPOON LIMITED
This company · SC030948

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Bernard Corrigan Ltd
Corporate entity
75–100%
—75-100% shares06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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 · Holding company · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
ELLISLAND PROPERTIES LIMITED→
SC230498 · est 2002
£3.39M
£2.88M–£3.89M
—£3.39M—24y8272y
KCM HOLDINGS (SCOTLAND) LTD.→
SC378862 · est 2010
£1.97M
£1.67M–£2.26M
—£1.97M—16y8264y
SCOTWELD GROUP SERVICES LIMITED→
SC183317 · est 1998
£1.85M
£1.58M–£2.13M
—£1.85M—28y8374y
JACDAW HOLDINGS LIMITED→
SC389903 · est 2010
£1.13M
£960.3k–£1.30M
—£1.13M—15y8269y
COOLEY PROPERTIES LIMITED→
SC300204 · est 2006
£765.3k
£650.5k–£880.1k
—£765.3k—20y8272y
MOULDED FOAMS (SCOTLAND) LTD→
SC311076 · est 2006
£435.6k
£370.2k–£500.9k
—£435.6k—19y8362y
MMA GROUP LIMITED→
SC179750 · est 1997
£384.4k
£326.8k–£442.1k
—£384.4k—28y8264y
A FORSYTH HOLDINGS LTD.→
SC249579 · est 2003
£328.7k
£279.4k–£378.0k
—£328.7k—23y8263y
FLAGSHIP HOTELS LIMITED→
SC230503 · est 2002
£234.4k
£199.2k–£269.5k
—£234.4k—24y8272y
ALEX MURRAY HOLDINGS LIMITED→
SC286427 · est 2005
£87.4k
£74.3k–£100.5k
—£87.4k—20y8286y
THE BUSINESS INCENTIVES GROUP LIMITED→
SC347368 · est 2008
£55.7k
£47.4k–£64.1k
—£55.7k—17y8269y
C SPARKS ELECTRICAL LIMITED→
SC242376 · est 2003
£30.0k
£25.5k–£34.5k
—£30.0k—23y8263y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated1955-07-19
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

1 Keppochhill Place
Glasgow
G21 1HS
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2026-06-28
Last: 2025-06-14

Officers (3 active · 2 resigned)

CORRIGAN, Bernard Gerard→
secretary · appointed 1988-12-01
View their other companies + combined net worth →
Active
CORRIGAN, Bernard Gerard→
director · ~60y · appointed 2002-03-11
View their other companies + combined net worth →
Active
CORRIGAN, Sean→
director · ~59y · appointed 2002-03-11
View their other companies + combined net worth →
Active
CORRIGAN, Bernard→
director · ~96y · appointed 1973-05-31 · resigned 2001-10-31
Resigned
CORRIGAN, Helena→
director · ~92y · resigned 2024-09-28
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Allica Bank
Allica Bank Limited
A registered charge6 properties30/01/2024—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property09/06/197815/01/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (98 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-01
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-02-06
mortgage-satisfy-charge-full
mortgage · MR04
2024-01-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-08
change-person-director-company-with-change-date
officers · CH01
2023-08-08
change-person-director-company-with-change-date
officers · CH01
2023-08-08
change-person-director-company-with-change-date
officers · CH01
2023-08-08
change-person-secretary-company-with-change-date
officers · CH03
2023-08-08
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-08-08
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-08-08