BORDER ICE RINK LIMITED

🌳Matureactive

SC039323 · ltd · incorporated 1963-10-01

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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 Jul 2025

Net worth

£376.7k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Licenced clubs

Sector: Accommodation & food service

ALSO REGISTERED FOR

93110Operation of sports facilities
93120Activities of sport clubs

Investor take

Pursue

Asset-holding vehicle with a 66-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 77/100. Strong seller-intent signal (73/100, director aged 66). 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

3 live charges · 3 lenders · oldest 42.4y

15/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 42.4 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (71/100)

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

Company profile

address, 3 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

38 officers (5 active, 38 linked, 33 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

138 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £376,726

Net assets shrinking

Down £25,326 YoY

Cash draining

Cash down 77% YoY

Cash YoY

-77%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£27k

↓ 77% YoY

Net Worth

£377k

↓ 6.3% YoY

Current Assets

£74k

↓ 37% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-07-31	2024-07-31
Total assets	£490.2k	£405.0k
Current assets	£74.1k	£118.3k
Cash	£26.5k	£117.3k
Debtors	£47.5k	£930
Net assets	£376.7k	£402.1k

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

🔒Filing-note intelligence

2 signals 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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (84 events)Click to expand

2025-12-09
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-01-27
➕
MCLEAN, Rhoderick James appointed
director
2025-01-27
➖
STARK, James Oliver resigned
director
2025-01-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-02
➖
CLEGHORN, William Alexander Dodds resigned
director
2023-12-06
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-25
📄
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-25
🔓
Charge satisfied #3
2023-08-25
🔓
Charge satisfied #2
2022-12-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-06
➖
WEMYSS, Andrew Gerrard resigned
director
2022-11-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-03
➕
CLEGHORN, William Alexander Dodds appointed
director
2021-12-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-16
📄
change-person-director-company-with-change-date
officers · CH01
2021-03-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-01-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-01-14
➕
HODGE, Alistair John appointed
director
2020-01-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-04-24
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-04-18
➖
MCCRAN, Lewis resigned
director
2019-04-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-04-05
➖
CLEGHORN, William Alexander Dodds resigned
director
2019-03-26
➖
CLANCY, Nina Jacqueline resigned
director
2018-06-25
➖
ROBB, Kirsty Mary Hildreth resigned
director
2018-03-25
➕
MCCRAN, Lewis appointed
director
2018-03-24
➖
CRUICKSHANKS, John resigned
director
2017-08-22
➕
TILE, Lucy Therese appointed
director
2017-04-18
➖
SWAN, June Ann resigned
director
2017-01-17
➕
ROBB, Kirsty Mary Hildreth appointed
director
2016-11-01
➕
CRUICKSHANKS, John appointed
director
2016-04-11
➖
ELLIOT, Douglas James resigned
director
2015-12-14
➖
ROBERTSON, Margaret Anne resigned
director
2015-10-19
➕
LEES, Bruce David appointed
secretary
2015-10-19
➖
SHAUGHNESSY, Colin Francis Macmorran resigned
secretary
2012-07-31
➕
CLANCY, Nina Jacqueline appointed
director
2012-07-31
➕
STARK, James Oliver appointed
director
2012-04-02
➖
WOOD, James Mcinnes resigned
director
2011-03-14
➕
WALKER, Robert David appointed
director
2009-12-12
➖
COWE, Graeme John resigned
director
2009-06-23
➖
WALKER, James Jack resigned
director
2009-05-12
➕
WEMYSS, Andrew Gerrard appointed
director
2008-12-08
➖
NEILL, George Templeton resigned
director
2008-09-02
➕
SWAN, June Ann appointed
director
2006-12-18
➖
BREWIS, Oswald resigned
director

Showing most recent 50 of 84 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 66 — succession pressure is live.

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 66. Approaching typical UK retirement age — succession thinking likely.
secondary12+ year tenure: Director in role 15 years.
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.)

🔒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 · Hospitality · TD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
CHEERS GROUP LIMITED→ SC313258 · est 2006	—	—	£263.0k	—	19y	83	64y
AULD CROSS KEYS INN LIMITED→ SC388854 · est 2010	—	—	£330.8k	—	15y	82	66y
BARMOOR CASTLE COUNTRY PARK LIMITED→ 04981374 · est 2003	—	—	—	12	22y	82	72y
PHEASANT LODGE (UK) LIMITED→ 05953434 · est 2006	—	—	—	100	19y	82	61y
PHILIPBURN HOLDINGS LIMITED→ SC320384 · est 2007	—	—	£413.5k	—	19y	82	62y
PAXTON HOUSE (SCOTLAND) LIMITED→ SC210477 · est 2000	—	—	£1	—	25y	81	78y
P RED EVENTS LIMITED→ 17115926 · est 2026 · no financials extracted	—	—	—	—	—	—	—
SARUMCASTLE LIMITED→ 02221540 · est 1988 · no financials extracted	—	—	—	—	38y	—	—
SULTAANS RESTAURANT (HAWICK) LTD→ 13001858 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
SWARLAND EAST HOUSE COTTAGES LIMITED→ 11461771 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
TAPPIZZA LIMITED→ 13703373 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
THE POTTED LOBSTER (ABERSOCH) LIMITED→ 13159617 · est 2021 · no financials extracted	—	—	—	—	5y	—	—

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

Incorporated1963-10-01

Jurisdictionscotland

Primary SIC56301 — Licenced clubs

Registered office

10 The Square

Kelso

TD5 7HJ

Filing status

Accounts

Next due: 2027-04-30

Last made up to: 2025-07-31

Confirmation statement

Next due: 2027-01-01

Last: 2025-12-18