PITLOCHRY KNITWEAR COMPANY LIMITED

🌳Matureactive
SC055476 · ltd · incorporated 1974-04-15
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
Upgrade to see
Turnover
not disclosed
Net worth
book net assets
Opportunity
83/100
Exceptional
🔔
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What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (60/100, director aged 62). 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 39.8y

35/100
too messy

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

  • · Oldest live charge is 39.8 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
23 officers (4 active, 23 linked, 19 with DOB)
87
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
20 connected companies via shared directors
90
Filing history
174 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
3
filings
  • 1 confirmation-statement
  • 1 officers
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2026-01-13
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-11-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-11-22
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2024-08-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2023-11-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  6. 2022-11-28
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  7. 2021-11-02
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2021-02-19
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2020-09-25
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  10. 2020-09-25
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  11. 2020-09-18
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2020-09-17
    JACKSON, John Robert appointed
    director
  13. 2019-11-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2019-06-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2019-04-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2018-10-02
    📄
    change-account-reference-date-company-current-shortened
    accounts · AA01
  17. 2018-03-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  18. 2017-08-21
    EDMONDS, Robert Neil appointed
    director
  19. 2017-08-21
    EDMONDS, Robert Neil resigned
    director
  20. 2017-06-01
    LEE, Kristian Brian resigned
    director
  21. 2017-05-10
    SIMPSON, Stephen Robert appointed
    director
  22. 2012-02-20
    HOUSTON, David Oliver resigned
    director
  23. 2012-01-04
    LEE, Kristian Brian appointed
    director
  24. 2001-07-16
    BIRRELL, Colin resigned
    director
  25. 2001-07-13
    HOUSTON, David Oliver appointed
    director
  26. 2001-05-31
    CARRUTHERS, June appointed
    secretary
  27. 2001-05-31
    CARRUTHERS, June appointed
    director
  28. 2001-05-31
    DUNBAR, Jennifer Mary resigned
    secretary
  29. 2001-05-31
    DUNBAR, Jennifer Mary resigned
    director
  30. 2000-01-28
    BIRRELL, Colin appointed
    director
  31. 2000-01-28
    STEVENSON, David Deas resigned
    director
  32. 1996-12-16
    🔓
    Charge satisfied #3
  33. 1996-12-13
    🔓
    Charge satisfied #2
  34. 1996-02-02
    AINSLIE, James Thomas Heard resigned
    director
  35. 1996-02-02
    DUNBAR, Jennifer Mary appointed
    director
  36. 1994-12-13
    BIRRELL, Colin resigned
    director
  37. 1994-12-13
    ELLIOT, John Johnstone resigned
    director
  38. 1994-01-31
    DUNBAR, Jennifer Mary appointed
    secretary
  39. 1994-01-31
    KNOX, Ruth resigned
    secretary
  40. 1993-11-30
    MOUG, George Boyd resigned
    director
  41. 1993-11-30
    RUSSELL, Robert James Lithgow resigned
    director
  42. 1993-10-31
    STRICKLAND, Robert Alastair Mckenzie resigned
    director
  43. 1993-05-11
    BIRRELL, Colin appointed
    director
  44. 1993-03-23
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  45. 1993-03-03
    AINSLIE, James Thomas Heard appointed
    director
  46. 1993-03-03
    ELLIOT, John Johnstone appointed
    director
  47. 1993-03-03
    MCGIBBON, David Campbell resigned
    director
  48. 1993-03-03
    ROY, William Gordon Begg resigned
    director
  49. 1993-03-03
    STEVENSON, David Deas appointed
    director
  50. 1993-03-03
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
Showing most recent 50 of 62 events

Owner dependency

68/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 52 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.)

Group structure

Kings Landing Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Kings Landing Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
PITLOCHRY KNITWEAR COMPANY LIMITED
This company · SC055476

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
Kings Landing Limited
Corporate entity
75100%
75–100%board control75-100% shares · 75-100% voting · board control18/09/2020
1 historic (ceased) PSC
  • The Edinburgh Woollen Mill Limitedceased 18/09/2020· 75-100% shares · 75-100% voting · firm interest

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

6 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
Incorporated1974-04-15
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

Waverley Mills
Langholm
Dumfriesshire
DG13 0EB

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-03-01
Confirmation statement
Next due: 2027-03-24
Last: 2026-03-10

Officers (4 active · 19 resigned)

CARRUTHERS, June
secretary · appointed 2001-05-31
View their other companies + combined net worth →
Active
CARRUTHERS, June
director · ~62y · appointed 2001-05-31
View their other companies + combined net worth →
Active
JACKSON, John Robert
director · ~58y · appointed 2020-09-17
View their other companies + combined net worth →
Active
SIMPSON, Stephen Robert
director · ~58y · appointed 2017-05-10
View their other companies + combined net worth →
Active
DUNBAR, Jennifer Mary
secretary · appointed 1994-01-31 · resigned 2001-05-31
Resigned
KNOX, Ruth
secretary · appointed 1991-01-25 · resigned 1994-01-31
Resigned
MACAULAY, Frederick
secretary · resigned 1991-01-25
Resigned
AINSLIE, James Thomas Heard
director · ~90y · appointed 1993-03-03 · resigned 1996-02-02
Resigned
BIRRELL, Colin
director · ~71y · appointed 2000-01-28 · resigned 2001-07-16
Resigned
BIRRELL, Colin
director · ~71y · appointed 1993-05-11 · resigned 1994-12-13
Resigned
DUNBAR, Jennifer Mary
director · ~85y · appointed 1996-02-02 · resigned 2001-05-31
Resigned
EDMONDS, Robert Neil
director · ~61y · appointed 2017-08-21 · resigned 2017-08-21
Resigned
ELLIOT, John Johnstone
director · ~79y · appointed 1993-03-03 · resigned 1994-12-13
Resigned
HOUSTON, David Oliver
director · ~73y · appointed 2001-07-13 · resigned 2012-02-20
Resigned
LEE, Kristian Brian
director · ~52y · appointed 2012-01-04 · resigned 2017-06-01
Resigned
MCGIBBON, David Campbell
director · ~79y · appointed 1990-12-19 · resigned 1993-03-03
Resigned
MOUG, George Boyd
director · ~75y · appointed 1988-05-06 · resigned 1993-11-30
Resigned
RICHARDSON, Peter
director · ~81y · appointed 1991-09-26 · resigned 1991-12-31
Resigned
ROY, William Gordon Begg
director · ~83y · appointed 1990-12-19 · resigned 1993-03-03
Resigned
RUSSELL, Robert James Lithgow
director · ~88y · appointed 1993-02-19 · resigned 1993-11-30
Resigned

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

Mortgages & charges

3
Total charges
1
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property23/03/199316/12/1996
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property03/03/199313/12/1996
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Legal charge1 property25/07/1986
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (174 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-10
change-person-director-company-with-change-date
officers · CH01
2026-01-13
accounts-with-accounts-type-dormant
accounts · AA
2025-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-26
accounts-with-accounts-type-dormant
accounts · AA
2024-11-22
change-person-director-company-with-change-date
officers · CH01
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-15
accounts-with-accounts-type-dormant
accounts · AA
2023-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-06
accounts-with-accounts-type-dormant
accounts · AA
2022-11-28
confirmation-statement-with-updates
confirmation-statement · CS01
2022-03-29
accounts-with-accounts-type-dormant
accounts · AA
2021-11-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-18
accounts-with-accounts-type-dormant
accounts · AA
2021-02-19
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2020-09-25