SPEYMALT WHISKY DISTRIBUTORS LIMITED

🌳Matureactive

SC037522 · ltd · incorporated 1962-04-11

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

🔒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
47250SIC 47250

Investor take

Pursue

Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 48.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 48.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 38/100 — workable, but lender will want more DD.

Data confidence

Overall: low (53/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

28 officers (8 active, 28 linked, 23 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

15 connected companies via shared directors

Filing history

151 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 1 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (75 events)Click to expand

2026-02-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-13
➖
CHAPMAN, Ian Michael resigned
director
2025-11-20
📄
accounts-with-accounts-type-full
accounts · AA
2025-09-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-15
➕
GEARY, Mark Stephen appointed
director
2025-04-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-04-18
➖
WHITE, Phillip Francis resigned
director
2024-11-22
📄
accounts-with-accounts-type-full
accounts · AA
2024-10-01
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-09-30
➖
KING, David Thomas resigned
director
2024-04-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-04-15
➕
WHITE, Phillip Francis appointed
director
2024-04-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-29
➖
MACKINTOSH, Ewen Cameron resigned
director
2023-11-28
📄
accounts-with-accounts-type-full
accounts · AA
2022-11-21
📄
accounts-with-accounts-type-full
accounts · AA
2022-10-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-09-30
➖
BISHOP, James Andrew resigned
director
2022-06-01
➕
MANSON, Alexander Philip appointed
director
2022-06-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-01-24
📄
change-person-director-company-with-change-date
officers · CH01
2021-11-09
📄
accounts-with-accounts-type-full
accounts · AA
2021-09-03
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2021-09-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-08-18
➕
COOKMAN, Benjamin Adam appointed
secretary
2021-08-18
➕
COOKMAN, Benjamin Adam appointed
director
2021-06-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-05-24
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2021-05-23
➖
ROSS, Norman resigned
secretary
2021-05-23
➖
ROSS, Norman resigned
director
2020-12-10
📄
accounts-with-accounts-type-full
accounts · AA
2020-07-09
🔒
Charge registered #7
Lender: Barclays Bank PLC
2020-07-02
🔒
Charge registered #6
Lender: Barclays Bank PLC
2020-06-24
🔓
Charge satisfied #5
2020-06-24
🔓
Charge satisfied #1
2019-08-19
➖
WATSON, Gillian Anne Mcgregor resigned
director
2019-03-20
➕
URQUHART, Richard George appointed
director
2019-01-11
➕
URQUHART, Stuart David appointed
director
2019-01-01
➖
BEARNE, Suzy Andrea resigned
director
2017-09-30
➖
URQUHART, Michael Gordon Clark resigned
director
2017-05-23
➕
BISHOP, James Andrew appointed
director
2017-03-31
➖
CURRAN, John Paul resigned
director
2017-01-17
➕
WATSON, Gillian Anne Mcgregor appointed
director
2016-06-21
➕
KING, David Thomas appointed
director
2015-11-30
➖
URQUHART, David Alistair resigned
director
2014-10-23
➕
BEARNE, Suzy Andrea appointed
director
2014-10-01
➕
CHAPMAN, Ian Michael appointed
director
2014-10-01
➖
HOULDSWORTH, Jennifer Mollie resigned
director
2014-09-08
➖
MCKELLAR, Duncan Alexander resigned
secretary
2014-09-08
➕
ROSS, Norman appointed
secretary

Showing most recent 50 of 75 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

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 65 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

63/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 16 years.
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 →

Similar companies

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CULLODEN FOODS LIMITED→ SC063411 · est 1977	£720.8k £531.1k–£910.5k	—	—	215	48y	85	81y
C J MIDDLETON LIMITED→ SC212646 · est 2000	—	—	£558.0k	—	25y	82	66y
CLAYMORE DAIRIES LIMITED→ SC371390 · est 2010 · no financials extracted	—	—	—	—	16y	82	60y
EKOBAY LIMITED→ SC128521 · est 1990	—	—	—	200	35y	82	73y
FIONNAR SPRINGS LTD.→ SC230770 · est 2002	—	—	£235.7k	—	24y	82	92y
SINCLAIR BREWERIES LIMITED→ SC302746 · est 2006	—	—	—	21	19y	82	65y
ATLAS BREWERY LIMITED→ SC303326 · est 2006	—	—	—	—	19y	80	65y
KELTIC SEAFARE (SCOTLAND) LIMITED→ SC141396 · est 1992	—	—	£1.15M	—	33y	80	84y
MARIXIN (INVERNESS) LIMITED→ SC098274 · est 1986	—	—	—	1900	40y	80	85y
ANGELIC FREE FROM LTD→ SC400402 · est 2011	—	—	£14.7k	—	14y	79	61y
HIGHLANDER ROASTERY LTD→ SC663005 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
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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.

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Company details

Statusactive

Typeltd

Incorporated1962-04-11

Jurisdictionscotland

Primary SIC11010 — SIC 11010

Registered office

George House

Boroughbriggs Road

Elgin

IV30 1JY

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-12-14

Last: 2025-11-30