ULTIMATE LEISURE (SCOTLAND) LIMITED

🌳Matureactive
SC053456 · ltd · incorporated 1973-06-25
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to May 2024
Net worth
£726.3k
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56302Public houses and bars
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 67/100. 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. 9 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).

🏦

Refinance opportunity

18 live charges · 9 lenders · oldest 48.2y

35/100
too messy

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

  • · Oldest live charge is 48.2 years old — likely at or near maturity.
  • · 9 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 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
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £726,258

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£726k
Current Assets
£162k
Current Liabilities
—
£0£145k£291k£436k£581k£726kMay 2023May 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-05-312023-05-31
Total assets£2.06M—
Current assets£162.0k—
Net assets£726.3k—

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

🔒Filing-note intelligence

1 signal 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
0
filings
Last 90 days
2
filings
  • • 2 mortgage
Last 180 days
3
filings
  • • 2 mortgage
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (61 events)Click to expand
  1. 2026-04-02
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2026-04-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  3. 2026-03-31
    🔒
    Charge registered #18
    Lender: Jp Property Company Limited
  4. 2026-03-25
    🔒
    Charge registered #17
    Lender: Jp Property Company Limited
  5. 2025-11-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2025-11-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  7. 2025-11-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2025-11-12
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2025-11-12
    🔓
    Charge satisfied #11
  10. 2025-11-12
    🔓
    Charge satisfied #10
  11. 2025-11-12
    🔓
    Charge satisfied #7
  12. 2025-11-12
    🔓
    Charge satisfied #4
  13. 2025-05-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2025-05-07
    ➕
    MACINTYRE, Aron Aidan Mckay appointed
    director
  15. 2025-05-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2025-02-28
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2025-02-28
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  18. 2023-09-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2023-08-01
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  20. 2023-08-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  21. 2023-02-08
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  22. 2022-11-08
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  23. 2022-11-08
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  24. 2022-11-08
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2022-02-11
    ➖
    MACINTYRE, Christine Anne resigned
    secretary
  26. 2022-02-11
    ➖
    MACINTYRE, Christine Anne resigned
    director
  27. 2022-01-14
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  28. 2021-05-25
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  29. 2018-07-06
    🔓
    Charge satisfied #16
  30. 2018-07-06
    🔓
    Charge satisfied #15
  31. 2018-07-06
    🔓
    Charge satisfied #14
  32. 2018-07-06
    🔓
    Charge satisfied #13
  33. 2018-07-06
    🔓
    Charge satisfied #3
  34. 2015-12-09
    ➕
    MACINTYRE, Fraser Mckay appointed
    director
  35. 2014-10-01
    🔒
    Charge registered #16
    Lender: Lancashire Mortgage Corporation Limited
  36. 2014-10-01
    🔒
    Charge registered #15
    Lender: Lancashire Mortgage Corporation Limited
  37. 2014-10-01
    🔒
    Charge registered #14
    Lender: Lancashire Mortgage Corporation Limited
  38. 2014-09-25
    🔒
    Charge registered #13
    Lender: Lancashire Mortgage Corporation Limited
  39. 2010-05-21
    ➖
    MACINTYRE, Fraser Mckay resigned
    director
  40. 2009-01-29
    🔓
    Charge satisfied #12
  41. 2008-03-19
    🔓
    Charge satisfied #6
  42. 2008-02-12
    🔒
    Charge registered #12
    Lender: Aib Group (UK) PLC
  43. 2007-01-12
    🔓
    Charge satisfied #9
  44. 2007-01-11
    🔓
    Charge satisfied #8
  45. 2007-01-11
    🔓
    Charge satisfied #5
  46. 2006-01-11
    🔒
    Charge registered #11
    Lender: The Royal Bank of Scotland PLC
  47. 2006-01-11
    🔒
    Charge registered #10
    Lender: The Royal Bank of Scotland PLC
  48. 2005-10-03
    ➕
    MACINTYRE, Fraser Mckay appointed
    director
  49. 2005-10-03
    ➖
    SHEPHERD, Donald F resigned
    director
  50. 2002-09-18
    🔒
    Charge registered #9
    Lender: Belhaven Brewery Company Limited
Showing most recent 50 of 61 events

Owner dependency

66/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

41/100
Moderate signal

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

SIGNALS
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Fraser Mckay Macintyre
Individual · British · DOB 02/1973 · age 53
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016
1 historic (ceased) PSC
  • Mrs Christine Anne Macintyreceased 11/02/2022· 25-50% shares

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
Incorporated1973-06-25
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

29 South Harbour Street
Ayr
KA7 1JA

Filing status

Accounts
Next due: 2026-06-01
Last made up to: 2024-05-31
Confirmation statement
Next due: 2027-02-02
Last: 2026-01-19

Officers (2 active · 4 resigned)

MACINTYRE, Aron Aidan Mckay→
director · ~24y · appointed 2025-05-07
View their other companies + combined net worth →
Active
MACINTYRE, Fraser Mckay→
director · ~53y · appointed 2015-12-09
View their other companies + combined net worth →
Active
MACINTYRE, Christine Anne→
secretary · resigned 2022-02-11
Resigned
MACINTYRE, Christine Anne→
director · ~80y · resigned 2022-02-11
Resigned
MACINTYRE, Fraser Mckay→
director · ~53y · appointed 2005-10-03 · resigned 2010-05-21
Resigned
SHEPHERD, Donald F→
director · ~72y · resigned 2005-10-03
Resigned

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

Mortgages & charges

18
Total charges
2
Outstanding
1
Active lenders
Status:Lender:18 of 18 shown
TypeProperties
outstanding
Jp Property Company
Jp Property Company Limited
A registered charge4 properties31/03/2026—
outstanding
Jp Property Company
Jp Property Company Limited
A registered charge—25/03/2026—
satisfied
Lancashire Mortgage Corporation
Lancashire Mortgage Corporation Limited
A registered charge1 property01/10/201406/07/2018
satisfied
Lancashire Mortgage Corporation
Lancashire Mortgage Corporation Limited
A registered charge1 property01/10/201406/07/2018
satisfied
Lancashire Mortgage Corporation
Lancashire Mortgage Corporation Limited
A registered charge1 property01/10/201406/07/2018
satisfied
Lancashire Mortgage Corporation
Lancashire Mortgage Corporation Limited
A registered charge—25/09/201406/07/2018
satisfied
Aib Group (UK)
Aib Group (UK) PLC
Floating charge1 property12/02/200829/01/2009
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/01/200612/11/2025
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/01/200612/11/2025
satisfied
Belhaven Brewery Company
Belhaven Brewery Company Limited
Standard security1 property18/09/200212/01/2007
satisfied
Belhaven Brewery Company
Belhaven Brewery Company Limited
Standard security1 property23/07/200211/01/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/09/200112/11/2025
satisfied
Belhaven Brewery Company
Belhaven Brewery Company Limited
Bond & floating charge1 property30/08/200119/03/2008
satisfied
Belhaven Brewerym Co..
Belhaven Brewerym Co.LTD.
Standard security1 property06/06/200111/01/2007
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property26/04/200112/11/2025
satisfied
Graeme David Paton
Standard security1 property17/11/200006/07/2018
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property30/03/199526/03/2001
satisfied
Allied Breweries U K
Allied Breweries U K LTD
Floating charge1 property23/03/197826/03/2001
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (137 total)

mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2026-04-01
confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-02
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-11-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-27
appoint-person-director-company-with-name-date
officers · AP01
2025-05-07
change-person-director-company-with-change-date
officers · CH01
2025-02-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-23
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-12
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-08-01