RUTHERFORD MORISON LTD.

🌳Matureactive
SC068237 · ltd · incorporated 1979-06-01
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 46.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
£1.24M
book net assets
Opportunity
73/100
Strong
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Strong opportunity: property-backed borrower with strong profile and acceptable with review structure.

Opportunity 73/100 (strong), bankability 65/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 5 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 46.7y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 46.7 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
125 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
73/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £1,242,168
Cash YoY
+174%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£170k
↑ 174% YoY
Net Worth
£1.2m
↑ 10% YoY
Current Assets
£170k
↑ 97% YoY
Current Liabilities
—
£0£248k£497k£745k£994k£1.2mOct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-10-312023-10-31
Total assets£1.24M£1.13M
Current assets£170.4k£86.5k
Cash£170.3k£62.0k
Net assets£1.24M£1.13M

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
5
filings
  • • 3 officers
  • • 2 persons-with-significant-control
Last 180 days
6
filings
  • • 3 officers
  • • 2 persons-with-significant-control
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-16
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-03-16
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2026-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  5. 2026-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2025-06-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-03-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-06-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2022-08-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2022-03-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-11-29
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2021-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2020-01-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2019-07-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2018-06-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2011-03-19
    🔓
    Charge satisfied #6
  18. 2008-06-18
    ➕
    GORDON, Kirsteen Elizabeth Morison appointed
    secretary
  19. 2008-06-18
    ➖
    COPP, Gillian Louise Rutherford resigned
    secretary
  20. 2003-09-24
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  21. 1999-03-17
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  22. 1999-03-11
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  23. 1997-06-23
    ➖
    COPP, Peter Alexander James resigned
    director
  24. 1997-06-23
    ➖
    GORDON, Adam Forbes resigned
    director
  25. 1997-05-06
    ➕
    COPP, Gillian Louise Rutherford appointed
    secretary
  26. 1997-05-06
    ➖
    COWAN, Iain Alistair Mcdevitt resigned
    secretary
  27. 1997-05-06
    ➖
    COWAN, Iain Alistair Mcdevitt resigned
    director
  28. 1996-11-29
    ➖
    STEWART, Nancy Rutherford resigned
    director
  29. 1996-11-07
    🔓
    Charge satisfied #4
  30. 1996-07-08
    🔓
    Charge satisfied #2
  31. 1992-12-03
    🔒
    Charge registered #5
    Lender: Mrs Nancy Stewart
  32. 1992-03-28
    ➕
    GORDON, Adam Forbes appointed
    director
  33. 1991-01-11
    ➕
    COWAN, Iain Alistair Mcdevitt appointed
    secretary
  34. 1991-01-11
    ➖
    STEWART, Nancy Rutherford resigned
    secretary
  35. 1991-01-11
    ➕
    COWAN, Iain Alistair Mcdevitt appointed
    director
  36. 1990-05-10
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  37. 1990-05-10
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  38. 1990-04-23
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  39. 1989-12-20
    ➕
    COPP, Peter Alexander James appointed
    director
  40. 1979-09-12
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  41. 1979-06-01
    🏢
    Company incorporated
    As RUTHERFORD MORISON LTD.

Owner dependency

81/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "MORISON" — strong identity link between founder and business.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

56/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med · 1 low
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.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Ms Gillian Louise Rutherford Morison
Individual · British · DOB 02/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mrs Kirsteen Elizabeth Morison Gordon
Individual · British · DOB 12/1964 · age 62
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated1979-06-01
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Craigforth Cottage Chapel Green
Earlsferry
Leven
KY9 1AD
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2027-01-14
Last: 2025-12-31

Officers (3 active · 7 resigned)

GORDON, Kirsteen Elizabeth Morison→
secretary · appointed 2008-06-18
View their other companies + combined net worth →
Active
GORDON, Kirsteen Elizabeth Morison→
director · ~62y
View their other companies + combined net worth →
Active
MORISON, Gillian Louise Rutherford→
director · ~60y
View their other companies + combined net worth →
Active
COPP, Gillian Louise Rutherford→
secretary · appointed 1997-05-06 · resigned 2008-06-18
Resigned
COWAN, Iain Alistair Mcdevitt→
secretary · appointed 1991-01-11 · resigned 1997-05-06
Resigned
STEWART, Nancy Rutherford→
secretary · resigned 1991-01-11
Resigned
COPP, Peter Alexander James→
director · ~65y · appointed 1989-12-20 · resigned 1997-06-23
Resigned
COWAN, Iain Alistair Mcdevitt→
director · ~88y · appointed 1991-01-11 · resigned 1997-05-06
Resigned
GORDON, Adam Forbes→
director · ~62y · appointed 1992-03-28 · resigned 1997-06-23
Resigned
STEWART, Nancy Rutherford→
director · ~89y · resigned 1996-11-29
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property24/09/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property17/03/1999—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property11/03/199919/03/2011
outstanding
Mrs Nancy Stewart
Standard security1 property03/12/1992—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/05/199007/11/1996
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property10/05/1990—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property23/04/199008/07/1996
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property12/09/1979—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (125 total)

change-person-director-company-with-change-date
officers · CH01
2026-03-16
change-person-director-company-with-change-date
officers · CH01
2026-03-16
change-person-secretary-company-with-change-date
officers · CH03
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-12-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-09-13
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-08-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-18