GRAINFAX LIMITED
🌳Matureactive
SC066615 · ltd · incorporated 1978-12-12
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
72/100
Strong
What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
PursueStrong opportunity: dormant / non-trading with strong profile and bankable structure.
Opportunity 72/100 (strong), bankability 77/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (50/100).
🏦
Refinance opportunity
23 live charges · 4 lenders · oldest 44.8y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 44.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
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
23 charges (23/23 with lender, 23/23 with type)
90
Directors & officers
17 officers (3 active, 17 linked, 10 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
151 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
72/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
50
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
1
filing
- • 1 confirmation-statement
Last 180 days
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (88 events)Click to expand
- 2025-06-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2024-12-09➕MACGREGOR, Stuart Alastair appointeddirector
- 2024-12-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-11-15📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-11-08➕WALLACE, Stuart James appointeddirector
- 2024-11-08➖CRAN, Carole Jean resigneddirector
- 2024-07-05📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-06-30➖HAMMOND, Charles Graham resigneddirector
- 2024-06-28📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-27📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-09-30📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-06-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-10-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-10-01📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-09-21📄accounts-with-accounts-type-dormantaccounts · AA
- 2018-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-01-08📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-01-03➕CRAN, Carole Jean appointeddirector
- 2018-01-03➖PATERSON, Stuart Randall resigneddirector
- 2017-10-02📄accounts-with-accounts-type-dormantaccounts · AA
- 2012-11-30➖LAMONT, Archibald resigneddirector
- 2012-08-31➕SMYTH, Pamela June appointedsecretary
- 2012-08-31➖MCNEILL, Morag resignedsecretary
- 2011-05-06➖MURRAY, William Wilson resigneddirector
- 2011-04-06➕PATERSON, Stuart Randall appointeddirector
- 2005-03-15➕MCNEILL, Morag appointedsecretary
- 2005-03-15➖TOTHILL, John Alan resignedsecretary
- 2003-03-31🔓Charge satisfied #17
- 2002-09-11🔓Charge satisfied #29
- 2002-09-11🔓Charge satisfied #28
- 2002-09-11🔓Charge satisfied #27
- 2002-09-11🔓Charge satisfied #18
- 2002-09-04🔓Charge satisfied #2
- 2002-08-13🔓Charge satisfied #26
- 2002-08-13🔓Charge satisfied #25
- 2002-08-13🔓Charge satisfied #24
- 2002-08-13🔓Charge satisfied #23
- 2002-08-13🔓Charge satisfied #20
- 2002-08-13🔓Charge satisfied #19
- 2002-08-13🔓Charge satisfied #16
- 2002-08-13🔓Charge satisfied #15
- 2002-08-13🔓Charge satisfied #14
- 2002-08-13🔓Charge satisfied #13
- 2002-08-13🔓Charge satisfied #11
- 2002-08-09➖LAMONT, Archibald resignedsecretary
- 2002-08-09➕TOTHILL, John Alan appointedsecretary
- 2002-08-09➕HAMMOND, Charles Graham appointeddirector
- 2002-08-09➕MURRAY, William Wilson appointeddirector
- 2002-08-09➖STAPLES, Christopher John resigneddirector
Showing most recent 50 of 88 events
Owner dependency
58/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
Succession & seller-readiness
36/100
Weak signalLimited succession signal. Not a near-term off-market candidate.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Port Of Dundee Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Port Of Dundee Limited
Corporate parent · holds 75-100% shares
⬇
GRAINFAX LIMITED
This company · SC066615
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Port Of Dundee Limited Corporate entity | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| FORBES BR HOLDINGS LTD→ SC880777 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FORBES SIMMERS LIMITED→ SC016168 · est 1930 · no financials extracted | — | — | — | — | 95y | — | — |
| FOUR BROTHERS EDIN LIMITED→ SC842999 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FRASER MADDOX GROUP LIMITED→ SC866511 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| GARDEN STIRLING BURNET TRUSTEES LIMITED→ SC509915 · est 2015 · no financials extracted | — | — | — | — | 10y | — | — |
| GLASS GLOVER (EDINBURGH) LIMITED→ SC027278 · est 1949 · no financials extracted | — | — | — | — | 76y | — | — |
| GLEN EARRACH (HOLDING) LIMITED→ SC777132 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| GRASSDRUM MANAGEMENT LTD→ SC644154 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| GREEN INVESTMENT GROUP LIMITED→ SC574147 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| GREENBANK ASSET MANAGEMENT LIMITED→ SC388374 · est 2010 · no financials extracted | — | — | — | — | 15y | — | — |
| GREENHEADS HOLDINGS LIMITED→ SC581921 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| GREENHILL TAXIS LTD.→ SC269064 · est 2004 · no financials extracted | — | — | — | — | 21y | — | — |
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
Incorporated1978-12-12
Jurisdictionscotland
Primary SIC74990 — Non-trading company
Registered office
1 Prince Of Wales Dock
Edinburgh
Midlothian
EH6 7DX
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24
Officers (3 active · 14 resigned)
SMYTH, Pamela June→
Activesecretary · appointed 2012-08-31
View their other companies + combined net worth →
MACGREGOR, Stuart Alastair→
Activedirector · ~55y · appointed 2024-12-09
View their other companies + combined net worth →
WALLACE, Stuart James→
Activedirector · ~56y · appointed 2024-11-08
View their other companies + combined net worth →
BARR, James Douglas Chalmers→
Resignedsecretary · resigned 1990-12-31
HARTLEY, Lee Adams→
Resignedsecretary · appointed 1991-01-01 · resigned 2001-08-17
LAMONT, Archibald→
Resignedsecretary · appointed 2001-08-17 · resigned 2002-08-09
MCNEILL, Morag→
Resignedsecretary · appointed 2005-03-15 · resigned 2012-08-31
TOTHILL, John Alan→
Resignedsecretary · appointed 2002-08-09 · resigned 2005-03-15
BARR, James Douglas Chalmers→
Resigneddirector · ~84y · resigned 1990-12-31
CRAN, Carole Jean→
Resigneddirector · ~56y · appointed 2018-01-03 · resigned 2024-11-08
HAMMOND, Charles Graham→
Resigneddirector · ~65y · appointed 2002-08-09 · resigned 2024-06-30
HARTLEY, Lee Adams→
Resigneddirector · ~65y · appointed 1991-01-01 · resigned 2001-08-17
LAMONT, Archibald→
Resigneddirector · ~76y · resigned 2012-11-30
MURRAY, William Wilson→
Resigneddirector · ~75y · appointed 2002-08-09 · resigned 2011-05-06
PATERSON, Stuart Randall→
Resigneddirector · ~68y · appointed 2011-04-06 · resigned 2018-01-03
SCOTT, James Patrick Hepburne→
Resigneddirector · resigned 1990-12-31
STAPLES, Christopher John→
Resigneddirector · ~84y · resigned 2002-08-09
Click a director name to see their full track record across all companies.
Mortgages & charges
23
Total charges
0
Outstanding
0
Active lenders
Status:Lender:23 of 23 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Deed of pledge | 2 properties | 06/02/1989 | 11/09/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation | 1 property | 25/01/1989 | 11/09/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 28/07/1988 | 11/09/2002 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 26/07/1988 | 13/08/2002 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 26/07/1988 | 13/08/2002 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 26/07/1988 | 13/08/2002 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 19/07/1988 | 13/08/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 07/06/1988 | 05/08/1988 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 31/05/1988 | 13/08/2002 | |
| satisfied | Credit Lyonnais | Assignation | 1 property | 25/05/1988 | 13/08/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 25/01/1988 | 11/09/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 30/11/1987 | 31/03/2003 | |
| satisfied | Credit Lyonnais | Assignment | 1 property | 20/01/1986 | 13/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 03/12/1985 | 13/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 23/09/1985 | 13/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 23/09/1985 | 13/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 16/09/1985 | 13/08/2002 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 24/01/1985 | 13/08/1985 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 03/12/1984 | 05/09/1985 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 26/11/1984 | 13/08/1985 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Assignment | 1 property | 25/11/1984 | 13/08/1985 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 01/08/1984 | 04/09/2002 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 23/06/1981 | 21/11/1984 |
Recent filings (151 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-24
accounts-with-accounts-type-dormant
accounts · AA
2025-06-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-19
appoint-person-director-company-with-name-date
officers · AP01
2024-12-09
appoint-person-director-company-with-name-date
officers · AP01
2024-11-15
termination-director-company-with-name-termination-date
officers · TM01
2024-11-15
termination-director-company-with-name-termination-date
officers · TM01
2024-07-05
accounts-with-accounts-type-dormant
accounts · AA
2024-06-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-12
accounts-with-accounts-type-dormant
accounts · AA
2023-07-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-03-13
accounts-with-accounts-type-dormant
accounts · AA
2022-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-15
accounts-with-accounts-type-dormant
accounts · AA
2021-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-30