LOCHEARNHEAD WATERSPORTS LIMITED

⚰️Wound downdissolved
SC065644 · ltd · incorporated 1978-08-16
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 45.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 80/100. Strong seller-intent signal (75/100, director aged 64). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 45.2y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 45.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (57/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 8 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (40 events)Click to expand
  1. 2019-08-13
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2019-08-13
    🏁
    Company dissolved
  3. 2019-01-22
    📄
    dissolution-voluntary-strike-off-suspended
    dissolution · SOAS(A)
  4. 2018-12-18
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2018-12-07
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2018-10-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2018-09-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2017-10-06
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2017-10-06
    🔓
    Charge satisfied #2
  10. 2017-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-09-26
    ➕
    HERON, Neil Douglas appointed
    director
  12. 2017-09-25
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2017-09-25
    🔓
    Charge satisfied #1
  14. 2016-09-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-04-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-09-25
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-04-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  18. 2015-02-04
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2015-01-30
    ➖
    CAMERON, Angus James resigned
    director
  20. 2014-09-16
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  21. 2014-05-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  22. 2013-11-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  23. 2013-05-01
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2012-10-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  25. 2012-05-02
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2011-11-04
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  27. 2011-03-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  28. 2010-10-05
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  29. 2001-01-16
    ➖
    ALLEN, Anthony Francis resigned
    director
  30. 1999-11-23
    ➕
    GREGORY, Stuart Neil appointed
    secretary
  31. 1999-11-23
    ➕
    GREGORY, Stuart Neil appointed
    director
  32. 1999-11-23
    ➕
    ALLEN, Anthony Francis appointed
    director
  33. 1999-11-19
    ➖
    SCOTT, Penelope Ann resigned
    secretary
  34. 1999-11-19
    ➖
    SCOTT, Duncan resigned
    director
  35. 1999-11-19
    ➖
    SCOTT, Penelope Ann resigned
    director
  36. 1999-11-19
    ➖
    TOWNSON, John Rothwell resigned
    director
  37. 1995-09-30
    ➖
    CAMERON, Ewen William resigned
    director
  38. 1982-06-02
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  39. 1981-03-12
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  40. 1978-08-16
    🏢
    Company incorporated
    As LOCHEARNHEAD WATERSPORTS LIMITED

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

86/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 48 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

1 high ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2019-08-13

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Stuart Neil Gregory
Individual · British · DOB 02/1962 · age 64
25–50%
—25-50% shares06/04/2016

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

Statusdissolved
Typeltd
Incorporated1978-08-16
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

Lochearnhead Watersports Centre
Lochearnhead
Perthshire
FK19 8PU

Filing status

Accounts
Next due: —
Last made up to: 2017-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 7 resigned)

GREGORY, Stuart Neil→
secretary · appointed 1999-11-23
View their other companies + combined net worth →
Active
GREGORY, Stuart Neil→
director · ~64y · appointed 1999-11-23
View their other companies + combined net worth →
Active
HERON, Neil Douglas→
director · ~50y · appointed 2017-09-26
View their other companies + combined net worth →
Active
SCOTT, Penelope Ann→
secretary · resigned 1999-11-19
Resigned
ALLEN, Anthony Francis→
director · ~70y · appointed 1999-11-23 · resigned 2001-01-16
Resigned
CAMERON, Angus James→
director · ~69y · resigned 2015-01-30
Resigned
CAMERON, Ewen William→
director · ~100y · resigned 1995-09-30
Resigned
SCOTT, Duncan→
director · ~80y · resigned 1999-11-19
Resigned
SCOTT, Penelope Ann→
director · ~77y · resigned 1999-11-19
Resigned
TOWNSON, John Rothwell→
director · ~113y · resigned 1999-11-19
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property02/06/198206/10/2017
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property12/03/198125/09/2017

Recent filings (90 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2019-08-13
dissolution-voluntary-strike-off-suspended
dissolution · SOAS(A)
2019-01-22
gazette-notice-voluntary
gazette · GAZ1(A)
2018-12-18
dissolution-application-strike-off-company
dissolution · DS01
2018-12-07
appoint-person-director-company-with-name-date
officers · AP01
2018-10-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-03-28
mortgage-satisfy-charge-full
mortgage · MR04
2017-10-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-09-28
mortgage-satisfy-charge-full
mortgage · MR04
2017-09-25
confirmation-statement-with-updates
confirmation-statement · CS01
2017-05-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-09-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-04-29
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-25
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-04-27