WILLIAM HILL (CALEDONIAN) LIMITED

💤Zombieactive
SC039934 · ltd · incorporated 1964-02-17
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
73/100
Strong
🔔
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What this business does
Primary activity: Gambling and betting activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 73/100 (strong), bankability 77/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (58/100).

🏦

Refinance opportunity

9 live charges · 6 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.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (59/100)

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
No iXBRL financials extracted
0
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
38 officers (2 active, 38 linked, 25 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
216 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (106 events)Click to expand
  1. 2025-09-16
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2025-09-12
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-09-11
    ➕
    GANESAN, Usha appointed
    director
  4. 2025-09-11
    ➖
    LE-GRICE, Philip resigned
    director
  5. 2025-08-08
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2024-06-17
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2023-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-11-04
    ➕
    BISBY, Elizabeth Ann appointed
    secretary
  9. 2022-11-04
    ➖
    HAVITA, Josie-Azzara resigned
    secretary
  10. 2022-11-04
    ➖
    HAVITA, Josie-Azzara resigned
    director
  11. 2022-11-04
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  12. 2022-11-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2022-11-04
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  14. 2022-09-21
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2022-07-01
    ➖
    CALLANDER, Simon James resigned
    secretary
  16. 2022-07-01
    ➖
    CALLANDER, Simon James resigned
    director
  17. 2022-07-01
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2022-07-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2022-06-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2022-06-23
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  21. 2022-06-21
    ➕
    HAVITA, Josie-Azzara appointed
    secretary
  22. 2022-06-21
    ➕
    HAVITA, Josie-Azzara appointed
    director
  23. 2022-02-02
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  24. 2022-02-02
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  25. 2021-07-26
    ➖
    FORD, Michael James resigned
    director
  26. 2021-07-26
    ➕
    LE-GRICE, Philip appointed
    director
  27. 2021-07-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  28. 2021-07-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  29. 2021-05-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  30. 2021-01-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  31. 2020-03-25
    ➕
    CALLANDER, Simon James appointed
    secretary
  32. 2020-03-25
    ➖
    KELLY-BISLA, Balbir resigned
    secretary
  33. 2020-03-25
    ➕
    CALLANDER, Simon James appointed
    director
  34. 2020-03-25
    ➖
    KELLY-BISLA, Balbir resigned
    director
  35. 2019-05-24
    ➕
    FORD, Michael James appointed
    director
  36. 2019-05-24
    ➖
    PAPE, Claire Margaret resigned
    director
  37. 2018-12-14
    ➕
    KELLY-BISLA, Balbir appointed
    secretary
  38. 2018-12-14
    ➖
    THOMAS, Luke Amos resigned
    secretary
  39. 2018-12-14
    ➕
    KELLY-BISLA, Balbir appointed
    director
  40. 2018-12-14
    ➖
    THOMAS, Luke Amos resigned
    director
  41. 2018-09-17
    ➖
    FULLER, Thomas Stamper resigned
    secretary
  42. 2018-09-17
    ➕
    THOMAS, Luke Amos appointed
    secretary
  43. 2018-07-31
    ➕
    PAPE, Claire Margaret appointed
    director
  44. 2018-07-31
    ➖
    STEELE, Anthony David resigned
    director
  45. 2016-09-07
    ➕
    FULLER, Thomas Stamper appointed
    secretary
  46. 2016-09-07
    ➖
    READ, Dennis resigned
    secretary
  47. 2015-11-06
    ➖
    COOPER, Neil resigned
    director
  48. 2013-09-16
    ➕
    THOMAS, Luke Amos appointed
    director
  49. 2010-06-01
    ➕
    COOPER, Neil appointed
    director
  50. 2010-03-31
    ➖
    LANE, Simon Paul resigned
    director
Showing most recent 50 of 106 events

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

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.

Group structure

William Hill Organization Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
William Hill Organization Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
WILLIAM HILL (CALEDONIAN) LIMITED
This company · SC039934

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
William Hill Organization Limited
Corporate entity
75–100%
75–100%75-100% shares · 75-100% voting14/01/2022

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 →

Similar companies

Active · Leisure & entertainment · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
STEWART TRAVEL LIMITED→
SC400502 · est 2011
£30.04M
£23.36M–£36.72M
£109.39M—3600014y9168y
IF ONLY HOLIDAYS LIMITED→
SC268032 · est 2004
£4.61M
£3.59M–£5.64M
——590021y8569y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→
SC400717 · est 2011
£3.2k
£2.5k–£3.9k
——014y9366y
ALLAN GLEN'S SPORTS CLUB LIMITED→
SC117858 · est 1989
——£1.9k—37y8388y
D. & D. AMUSEMENTS LTD.→
SC196522 · est 1999
——£120.9k—26y8368y
FACT THREE→
SC319714 · est 2007
——£168.8k—19y8373y
GREENACRES CURLING LTD.→
SC200546 · est 1999
———120026y8377y
IN EXTREMIS LIMITED→
SC142085 · est 1993
——£61.2k—33y8361y
SCOTTISH JEWISH ARCHIVES CENTRE→
SC210878 · est 2000
——£120.5k—25y8379y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→
SC016172 · est 1930 · no financials extracted
————95y8375y
THE ANTONINE SPORTS CENTRE→
SC144453 · est 1993
——£199.7k—32y8386y
THE GLADIATOR PROGRAMME LIMITED→
SC214238 · est 2000 · no financials extracted
————25y8374y
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
Incorporated1964-02-17
Jurisdictionscotland
Primary SIC92000 — Gambling and betting activities

Registered office

44 St Enoch Square
Glasgow
Scotland
G1 4DH
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-28
Last: 2026-01-14

Officers (2 active · 36 resigned)

BISBY, Elizabeth Ann→
secretary · appointed 2022-11-04
View their other companies + combined net worth →
Active
GANESAN, Usha→
director · ~50y · appointed 2025-09-11
View their other companies + combined net worth →
Active
ANDERSON, Sarah→
secretary · appointed 2006-07-12 · resigned 2007-10-26
Resigned
BLYTHE-TINKER, Nigel Edwin→
secretary · appointed 1999-06-30 · resigned 2004-05-31
Resigned
CALLANDER, Simon James→
secretary · appointed 2020-03-25 · resigned 2022-07-01
Resigned
FULLER, Thomas Stamper→
secretary · appointed 2016-09-07 · resigned 2018-09-17
Resigned
HAVITA, Josie-Azzara→
secretary · appointed 2022-06-21 · resigned 2022-11-04
Resigned
HOGAN, Kevin Matthew Joseph Christopher→
secretary · resigned 1996-11-01
Resigned
KELLY-BISLA, Balbir→
secretary · appointed 2018-12-14 · resigned 2020-03-25
Resigned
MACQUEEN, Andrea Louise→
secretary · appointed 2004-05-31 · resigned 2006-07-12
Resigned
MOTT, Matthew John Spencer→
secretary · appointed 1996-11-01 · resigned 1999-06-30
Resigned
READ, Dennis→
secretary · appointed 2007-10-26 · resigned 2016-09-07
Resigned
THOMAS, Luke Amos→
secretary · appointed 2018-09-17 · resigned 2018-12-14
Resigned
WHELAN, Michael John→
secretary · resigned 1990-09-01
Resigned
BROWN, John Michael→
director · ~84y · appointed 1989-12-12 · resigned 2001-03-21
Resigned
CALLANDER, Simon James→
director · ~59y · appointed 2020-03-25 · resigned 2022-07-01
Resigned
COOPER, Neil→
director · ~59y · appointed 2010-06-01 · resigned 2015-11-06
Resigned
DUNCAN, Fraser Scott→
director · ~66y · appointed 1997-12-01 · resigned 1999-02-08
Resigned
FORD, Michael James→
director · ~46y · appointed 2019-05-24 · resigned 2021-07-26
Resigned
HART, Raymond John→
director · ~81y · appointed 1997-12-01 · resigned 1998-06-15
Resigned

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

Mortgages & charges

9
Total charges
0
Outstanding
0
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
satisfied
The William Hill Group
The William Hill Group Limited
Floating charge1 property01/03/199416/02/1998
satisfied
Lloyds Banking Group
Lloyds Bank PLC
Floating charge1 property01/03/199416/02/1998
satisfied
The William Hill Organization
The William Hill Organization Limited
Floating charge1 property01/03/199416/02/1998
satisfied
The William Hill Organization
The William Hill Organization Limited
Floating charge1 property01/03/199416/02/1998
satisfied
Lloyds Banking Group
Lloyds Bank PLC as Agent and Trustee
Floating charge1 property01/03/199416/02/1998
satisfied
The William Hill Group
The William Hill Group Limited
Floating charge1 property01/03/199416/02/1998
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property30/10/198615/04/1987
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/04/198415/04/1987
satisfied
Eric Graham
Standard security1 property20/12/198318/12/1984

Recent filings (216 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-16
termination-director-company-with-name-termination-date
officers · TM01
2025-09-16
appoint-person-director-company-with-name-date
officers · AP01
2025-09-12
accounts-with-accounts-type-dormant
accounts · AA
2025-08-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-20
accounts-with-accounts-type-dormant
accounts · AA
2024-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-22
accounts-with-accounts-type-dormant
accounts · AA
2023-09-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-23
termination-secretary-company-with-name-termination-date
officers · TM02
2022-11-04
termination-director-company-with-name-termination-date
officers · TM01
2022-11-04
appoint-person-secretary-company-with-name-date
officers · AP03
2022-11-04
accounts-with-accounts-type-dormant
accounts · AA
2022-09-21
termination-director-company-with-name-termination-date
officers · TM01
2022-07-01
termination-secretary-company-with-name-termination-date
officers · TM02
2022-07-01