PAT MUNRO (ALNESS) LIMITED

🌳Matureactive
SC033294 · ltd · incorporated 1958-08-21
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 45.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 08120
Sector: Mining & quarrying
ALSO REGISTERED FOR
  • 23630SIC 23630
  • 41202Construction of domestic buildings
  • 42990Construction of other civil engineering projects n.e.c.
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 79/100 (strong), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 45.2y

70/100
ready

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

  • · Oldest live charge is 45.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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, 4 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
12 officers (5 active, 12 linked, 11 with DOB)
88
Ownership & PSC
3 active PSC(s) of 4 total, 4 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
137 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 capital
Last 180 days
5
filings
  • • 3 confirmation-statement
  • • 1 capital
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-02-20
    📄
    capital-cancellation-shares
    capital · SH06
  2. 2025-12-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  3. 2025-03-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2025-03-01
    ➕
    MUNRO, Jack Connor appointed
    director
  5. 2025-01-09
    📄
    accounts-with-accounts-type-group
    accounts · AA
  6. 2024-09-12
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-04-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2024-04-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2024-01-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2023-12-31
    ➖
    TODD, John Alexander resigned
    director
  11. 2023-12-22
    📄
    accounts-with-accounts-type-group
    accounts · AA
  12. 2023-02-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  13. 2023-02-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2023-01-09
    ➕
    TODD, John Alexander appointed
    director
  15. 2022-12-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  16. 2022-11-30
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2022-11-28
    ➕
    DAVIDSON, Wilma appointed
    director
  18. 2022-07-18
    ➖
    BRAMLEY, Mark Stuart resigned
    director
  19. 2022-07-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  20. 2022-03-30
    📄
    accounts-with-accounts-type-group
    accounts · AA
  21. 2022-02-04
    ➖
    SMITH, Alexander resigned
    director
  22. 2022-02-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2021-04-09
    📄
    accounts-with-accounts-type-group
    accounts · AA
  24. 2020-06-30
    ➖
    HUTCHISON, Hugh resigned
    director
  25. 2019-04-29
    ➕
    SMITH, Alexander appointed
    director
  26. 2017-11-01
    ➕
    HUTCHISON, Hugh appointed
    director
  27. 2017-09-01
    ➖
    MUNRO, Alastair Campbell, The Executories Of resigned
    secretary
  28. 2017-09-01
    ➖
    MUNRO, Alastair Campbell, The Executories Of resigned
    director
  29. 2015-10-21
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  30. 2013-07-05
    ➕
    MUNRO, Steven James appointed
    director
  31. 2013-07-05
    ➕
    BRAMLEY, Mark Stuart appointed
    director
  32. 2013-06-17
    ➖
    MACRAE, Catherine Marion Mackinnon resigned
    director
  33. 2012-02-09
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  34. 2005-09-15
    🔓
    Charge satisfied #1
  35. 2004-07-13
    🔓
    Charge satisfied #3
  36. 2002-05-08
    🔓
    Charge satisfied #2
  37. 2002-02-28
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  38. 1996-03-13
    🔒
    Charge registered #2
    Lender: Scottish Homes
  39. 1994-04-01
    ➕
    MUNRO, Brian Kenneth appointed
    director
  40. 1994-04-01
    ➕
    MACRAE, Catherine Marion Mackinnon appointed
    director
  41. 1981-01-28
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  42. 1958-08-21
    🏢
    Company incorporated
    As PAT MUNRO (ALNESS) LIMITED

Owner dependency

88/100
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
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Founder name in company name: Company name contains director surname "MUNRO" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 32 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 72 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

40/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — MUNRO, Jack Connor (same surname) appointed 2025-03-01. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 72 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 32 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.

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mrs Catherine Marion Mackinnon Macrae
Individual · Scottish · DOB 12/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting01/04/2024
Mr Patrick Munro
Individual · British · DOB 10/1954 · age 72
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Brian Kenneth Munro
Individual · British · DOB 07/1967 · age 59
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
1 historic (ceased) PSC
  • The Executories Of Alastair Campbell Munroceased 31/08/2019· significant influence

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 →

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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
Typeltd
Incorporated1958-08-21
Jurisdictionscotland
Primary SIC08120 — SIC 08120

Registered office

Caplich Quarry
Caplich Quarry
Alness
IV17 0XU
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-25
Last: 2025-12-11

Officers (5 active · 7 resigned)

DAVIDSON, Wilma→
director · ~66y · appointed 2022-11-28
View their other companies + combined net worth →
Active
MUNRO, Brian Kenneth→
director · ~59y · appointed 1994-04-01
View their other companies + combined net worth →
Active
MUNRO, Jack Connor→
director · ~27y · appointed 2025-03-01
View their other companies + combined net worth →
Active
MUNRO, Patrick→
director · ~72y
View their other companies + combined net worth →
Active
MUNRO, Steven James→
director · ~40y · appointed 2013-07-05
View their other companies + combined net worth →
Active
MUNRO, Alastair Campbell, The Executories Of→
secretary · resigned 2017-09-01
Resigned
BRAMLEY, Mark Stuart→
director · ~53y · appointed 2013-07-05 · resigned 2022-07-18
Resigned
HUTCHISON, Hugh→
director · ~67y · appointed 2017-11-01 · resigned 2020-06-30
Resigned
MACRAE, Catherine Marion Mackinnon→
director · ~63y · appointed 1994-04-01 · resigned 2013-06-17
Resigned
MUNRO, Alastair Campbell, The Executories Of→
director · ~87y · resigned 2017-09-01
Resigned
SMITH, Alexander→
director · ~48y · appointed 2019-04-29 · resigned 2022-02-04
Resigned
TODD, John Alexander→
director · ~54y · appointed 2023-01-09 · resigned 2023-12-31
Resigned

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

Mortgages & charges

5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—21/10/2015—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property09/02/2012—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/02/200213/07/2004
satisfied
Scottish Homes
Standard security1 property13/03/199608/05/2002
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Letter of postponement1 property28/01/198115/09/2005
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (137 total)

capital-cancellation-shares
capital · SH06
2026-02-20
accounts-with-accounts-type-group
accounts · AA
2025-12-30
confirmation-statement-with-updates
confirmation-statement · CS01
2025-12-11
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-11-06
confirmation-statement-with-updates
confirmation-statement · CS01
2025-04-07
appoint-person-director-company-with-name-date
officers · AP01
2025-03-10
accounts-with-accounts-type-group
accounts · AA
2025-01-09
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-09-12
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-23
termination-director-company-with-name-termination-date
officers · TM01
2024-01-08
accounts-with-accounts-type-group
accounts · AA
2023-12-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-04