IAN MACLEOD DISTILLERS LIMITED

🌳Matureactive
SC032696 · ltd · incorporated 1957-11-26
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.
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46342SIC 46342
Investor take
Pursue
Active trading company with a 86-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

15 live charges · 6 lenders · oldest 43.0y

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 43.0 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (60/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
15 charges (15/15 with lender, 15/15 with type)
90
Directors & officers
17 officers (10 active, 17 linked, 15 with DOB)
88
Ownership & PSC
0 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
190 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
1
filing
  • 1 mortgage
Last 90 days
3
filings
  • 1 mortgage
  • 1 confirmation-statement
  • 1 officers
Last 180 days
6
filings
  • 2 officers
  • 2 persons-with-significant-control
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (66 events)Click to expand
  1. 2026-04-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-03-31
    🔒
    Charge registered #17
    Lender: Pnc Business Credit (A Trading Style of Pnc Financial Services UK LTD) as Security Trustee for the Secured Parties
  3. 2026-01-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-01-29
    DONALDSON, Rennie William appointed
    director
  5. 2026-01-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2026-01-12
    RUSSELL, Edith Stuart resigned
    director
  7. 2026-01-07
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  8. 2025-12-19
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2025-06-24
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  10. 2025-06-23
    📄
    accounts-with-accounts-type-group
    accounts · AA
  11. 2024-05-29
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2024-02-27
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2024-02-27
    🔓
    Charge satisfied #11
  14. 2023-12-15
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2023-05-05
    📄
    accounts-with-accounts-type-group
    accounts · AA
  16. 2023-01-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2023-01-23
    RUSSELL, Peter James Sidney resigned
    director
  18. 2022-12-19
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  19. 2022-12-09
    🔒
    Charge registered #16
    Lender: Pnc Business Credit a Trading Style of Pnc Financial Services UK LTD (As Security Agent)
  20. 2022-05-06
    📄
    accounts-with-accounts-type-group
    accounts · AA
  21. 2021-05-10
    📄
    accounts-with-accounts-type-group
    accounts · AA
  22. 2020-04-08
    📄
    accounts-with-accounts-type-group
    accounts · AA
  23. 2019-06-27
    📄
    accounts-with-accounts-type-group
    accounts · AA
  24. 2019-02-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  25. 2017-11-15
    🔓
    Charge satisfied #14
  26. 2017-11-15
    🔓
    Charge satisfied #1
  27. 2017-11-03
    🔒
    Charge registered #15
    Lender: Pnc Business Credit a Trading Style of Pnc Financial Services LTD
  28. 2017-06-22
    FARRAR, Richard William appointed
    director
  29. 2017-04-20
    RANKINE, Laura Agnes Anne appointed
    director
  30. 2017-04-20
    SHACKLETON, Ian Alexander appointed
    director
  31. 2017-04-13
    MACKENZIE, Roderick Nestle James resigned
    director
  32. 2016-05-27
    🔓
    Charge satisfied #13
  33. 2016-05-27
    🔓
    Charge satisfied #12
  34. 2016-05-27
    🔓
    Charge satisfied #10
  35. 2016-05-27
    🔓
    Charge satisfied #9
  36. 2016-05-27
    🔓
    Charge satisfied #8
  37. 2016-05-27
    🔓
    Charge satisfied #7
  38. 2016-05-27
    🔓
    Charge satisfied #6
  39. 2016-05-27
    🔓
    Charge satisfied #5
  40. 2016-05-27
    🔓
    Charge satisfied #4
  41. 2016-05-19
    🔒
    Charge registered #14
    Lender: Rbs Invoice Finance Limited
  42. 2013-09-19
    🔒
    Charge registered #13
    Lender: Bank of Scotland PLC
  43. 2013-09-19
    🔒
    Charge registered #12
    Lender: Bank of Scotland PLC
  44. 2013-09-05
    🔒
    Charge registered #11
    Lender: Bank of Scotland PLC
  45. 2012-02-28
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  46. 2011-11-08
    🔒
    Charge registered #9
    Lender: The Royal Bank of Scotland PLC
  47. 2011-09-23
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  48. 2011-09-14
    WILSON, James Simpson resigned
    director
  49. 2011-07-06
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  50. 2011-06-28
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 66 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
  • -9 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 86 — 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 86 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 33 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

🔒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
Typeltd
Incorporated1957-11-26
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

Peter Russell House 2 Youngs Road
East Mains Industrial Estate
Broxburn
West Lothian
EH52 5LY
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-02-23
Last: 2026-02-09

Officers (10 active · 7 resigned)

YOUNGER, Michael James
secretary · appointed 2004-04-22
View their other companies + combined net worth →
Active
DOCTOR, Gordon John
director · ~67y · appointed 2004-10-21
View their other companies + combined net worth →
Active
DONALDSON, Rennie William
director · ~42y · appointed 2026-01-29
View their other companies + combined net worth →
Active
FARRAR, Richard William
director · ~68y · appointed 2017-06-22
View their other companies + combined net worth →
Active
RANKINE, Laura Agnes Anne
director · ~47y · appointed 2017-04-20
View their other companies + combined net worth →
Active
RUSSELL, Angela Mary
director · ~61y · appointed 2003-07-01
View their other companies + combined net worth →
Active
RUSSELL, David William Hodder
director · ~86y
View their other companies + combined net worth →
Active
RUSSELL, Leonard Stuart
director · ~65y · appointed 1993-01-07
View their other companies + combined net worth →
Active
SHACKLETON, Ian Alexander
director · ~61y · appointed 2017-04-20
View their other companies + combined net worth →
Active
YOUNGER, Michael James
director · ~66y · appointed 2004-07-09
View their other companies + combined net worth →
Active
MOODIE, Andrew Macdonald
secretary · resigned 2004-04-22
Resigned
MACKENZIE, Roderick Nestle James
director · ~63y · appointed 2002-04-01 · resigned 2017-04-13
Resigned
PATRICK, Rupert Charles
director · ~63y · appointed 1997-07-07 · resigned 2004-08-31
Resigned
RUSSELL, Edith Stuart
director · ~94y · appointed 2003-07-01 · resigned 2026-01-12
Resigned
RUSSELL, Florence Elizabeth
director · ~28y · resigned 1997-12-15
Resigned
RUSSELL, Peter James Sidney
director · ~99y · resigned 2023-01-23
Resigned
WILSON, James Simpson
director · ~67y · appointed 2000-07-24 · resigned 2011-09-14
Resigned

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

Mortgages & charges

15
Total charges
3
Outstanding
3
Active lenders
Status:Lender:15 of 15 shown
TypeProperties
outstanding
Pnc Business Credit (A Trading Style of Pnc Financial Services UK ) as Security Trustee for the Secured Parties
Pnc Business Credit (A Trading Style of Pnc Financial Services UK LTD) as Security Trustee for the Secured Parties
A registered charge1 property31/03/2026
outstanding
Pnc Business Credit a Trading Style of Pnc Financial Services UK (As Security Agent)
Pnc Business Credit a Trading Style of Pnc Financial Services UK LTD (As Security Agent)
A registered charge1 property09/12/2022
outstanding
Pnc Business Credit a Trading Style of Pnc Financial Services
Pnc Business Credit a Trading Style of Pnc Financial Services LTD
A registered charge1 property03/11/2017
satisfied
NatWest Group
Rbs Invoice Finance Limited
A registered charge19/05/201615/11/2017
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/09/201327/05/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/09/201327/05/2016
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property05/09/201327/02/2024
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Assignation in security1 property28/02/201227/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Assignation in security1 property08/11/201127/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Assignation in security1 property23/09/201127/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/07/201127/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Assignation in security1 property28/06/201127/05/2016
satisfied
NatWest Group
Rbs Invoice Finance Limited
Floating charge1 property28/06/201127/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/04/200327/05/2016
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property29/04/198315/11/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (190 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-02
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-09
appoint-person-director-company-with-name-date
officers · AP01
2026-01-30
termination-director-company-with-name-termination-date
officers · TM01
2026-01-13
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2026-01-07
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-12-19
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-06-24
accounts-with-accounts-type-group
accounts · AA
2025-06-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-10
accounts-with-accounts-type-group
accounts · AA
2024-05-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-09
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-12-15
accounts-with-accounts-type-group
accounts · AA
2023-05-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-09