MCKERCHAR & MACNAUGHTON LIMITED

🌳Matureactive
SC033621 · ltd · incorporated 1959-01-27
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 55.0y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£111.7k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Asset-holding vehicle with a 92-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 92). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 55.0y

85/100
ready

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

  • · Oldest live charge is 55.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
8 officers (4 active, 8 linked, 6 with DOB)
85
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
112 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 · FRS 102
Positive net assets
Net assets £111,740

Key financials

2 years extracted from filed iXBRL accounts
Cash
£13k
Net Worth
£112k
↑ 2.4% YoY
Current Assets
£13k
↑ 34% YoY
Current Liabilities
—
£0£22k£45k£67k£89k£112kJan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-142024-01-14
Total assets£111.7k£109.2k
Current assets£12.9k£9.7k
Cash£12.9k—
Debtors£0—
Net assets£111.7k£109.2k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-05-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-04-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  5. 2024-03-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-03-12
    🔓
    Charge satisfied #2
  7. 2023-05-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2023-04-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2023-03-24
    ➖
    MACNAUGHTON, Kai resigned
    director
  10. 2022-05-04
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2022-02-22
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  12. 2022-02-22
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  13. 2022-01-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2021-09-21
    ➕
    MACNAUGHTON, James Alexander appointed
    secretary
  15. 2021-09-21
    ➖
    MACNAUGHTON, James resigned
    secretary
  16. 2021-09-21
    ➖
    MACNAUGHTON, James resigned
    director
  17. 2021-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2021-04-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2021-04-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-11-02
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2020-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2020-01-15
    ➖
    MACNAUGHTON, Catherine Alexandra resigned
    director
  23. 2019-12-09
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  24. 2019-10-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  25. 2008-01-15
    ➕
    MACNAUGHTON, James Alexander appointed
    director
  26. 2008-01-15
    ➕
    MACNAUGHTON, Patrick Hanns appointed
    director
  27. 2008-01-15
    ➕
    MACNAUGHTON, Kai appointed
    director
  28. 2001-04-06
    🔓
    Charge satisfied #1
  29. 1995-03-28
    ➕
    MACNAUGHTON, Renate appointed
    director
  30. 1978-09-18
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  31. 1971-06-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  32. 1959-01-27
    🏢
    Company incorporated
    As MCKERCHAR & MACNAUGHTON LIMITED

Owner dependency

98/100
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
  • +Founder name in company name: Company name contains director surname "MACNAUGHTON" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 92 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 92 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 67 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Renate Macnaughton
Individual · British · DOB 11/1934 · age 92
25–50%
25–50%25-50% shares · 25-50% voting23/01/2023
1 historic (ceased) PSC
  • Mr James Macnaughtonceased 23/01/2024· 25-50% shares

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

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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
Incorporated1959-01-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

6 Atholl Crescent
Perth
Perthshire
PH1 5JN

Filing status

Accounts
Next due: 2026-10-14
Last made up to: 2025-01-14
Confirmation statement
Next due: 2027-04-30
Last: 2026-04-16

Officers (4 active · 4 resigned)

MACNAUGHTON, James Alexander→
secretary · appointed 2021-09-21
View their other companies + combined net worth →
Active
MACNAUGHTON, James Alexander→
director · ~61y · appointed 2008-01-15
View their other companies + combined net worth →
Active
MACNAUGHTON, Patrick Hanns→
director · ~63y · appointed 2008-01-15
View their other companies + combined net worth →
Active
MACNAUGHTON, Renate→
director · ~92y · appointed 1995-03-28
View their other companies + combined net worth →
Active
MACNAUGHTON, James→
secretary · resigned 2021-09-21
Resigned
MACNAUGHTON, Catherine Alexandra→
director · ~93y · resigned 2020-01-15
Resigned
MACNAUGHTON, James→
director · ~90y · resigned 2021-09-21
Resigned
MACNAUGHTON, Kai→
director · ~57y · appointed 2008-01-15 · resigned 2023-03-24
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property18/09/197812/03/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property28/06/197106/04/2001

Recent filings (112 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-16
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-04-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-04-17
confirmation-statement-with-updates
confirmation-statement · CS01
2024-04-16
mortgage-satisfy-charge-full
mortgage · MR04
2024-03-12
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
termination-director-company-with-name-termination-date
officers · TM01
2023-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-05-04
appoint-person-secretary-company-with-name-date
officers · AP03
2022-02-22
termination-secretary-company-with-name-termination-date
officers · TM02
2022-02-22