TOURIST SERVICES (EDINBURGH) LIMITED
🌳Matureactive
SC069067 · ltd · incorporated 1979-08-09
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 Dec 2024
Net worth
£3.43M
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 86-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (83/100, director aged 86). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
28 live charges · 6 lenders · oldest 43.5y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 43.5 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: medium (79/100)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
28 charges (28/28 with lender, 28/28 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 4 with DOB)
86
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
148 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
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
80
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 · accounting standard not declaredPositive net assets
Net assets £3,425,617
Cash draining
Cash down 71% YoY
Cash YoY
-71%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£16k
↓ 71% YoY
Net Worth
£3.4m
↑ 5.5% YoY
Current Assets
£684k
↑ 62% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £3.44M | £3.26M |
| Current assets | £683.9k | £422.9k |
| Cash | £15.7k | £54.3k |
| Debtors | £668.2k | £368.6k |
| Net assets | £3.43M | £3.25M |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (73 events)Click to expand
- 2026-04-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2026-04-22➖BAIRD, Ian Dalziel resigneddirector
- 2025-08-08📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-08-08🔓Charge satisfied #31
- 2025-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-06-09📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-06-09🔓Charge satisfied #22
- 2025-04-29📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-29🔓Charge satisfied #28
- 2024-07-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-11-13📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-13🔓Charge satisfied #27
- 2023-11-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-10🔓Charge satisfied #25
- 2023-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-08-31📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-08-20➖BAIRD, Nigel Fraser resigneddirector
- 2022-07-14📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-01-07📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-06-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2020-06-10🔓Charge satisfied #21
- 2019-06-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2019-06-20🔒Charge registered #31Lender: Bank of Scotland PLC
- 2019-06-20🔒Charge registered #30Lender: Bank of Scotland PLC
- 2019-06-20🔒Charge registered #29Lender: Bank of Scotland PLC
- 2019-06-20🔒Charge registered #28Lender: Bank of Scotland PLC
- 2019-06-20🔒Charge registered #27Lender: Bank of Scotland PLC
- 2019-04-17🔒Charge registered #26Lender: Bank of Scotland PLC
- 2019-03-28🔒Charge registered #25Lender: Bank of Scotland PLC
- 2017-07-06🔓Charge satisfied #3
- 2017-06-13🔓Charge satisfied #19
- 2017-06-13🔓Charge satisfied #10
- 2017-06-13🔓Charge satisfied #5
- 2017-06-07🔓Charge satisfied #18
- 2016-08-19🔓Charge satisfied #17
- 2012-06-27🔓Charge satisfied #16
- 2011-04-08🔓Charge satisfied #20
- 2011-04-08🔓Charge satisfied #1
- 2009-09-02🔒Charge registered #24Lender: Clydesdale Bank PLC
- 2008-10-07🔒Charge registered #23Lender: Clydesdale Bank PLC
- 2008-10-06🔒Charge registered #22Lender: Clydesdale Bank PLC
- 2008-08-08🔒Charge registered #21Lender: Clydesdale Bank PLC
- 2008-01-11🔒Charge registered #20Lender: Bank of Scotland PLC
- 2006-01-01➕VENTERS, Susan Elaine appointeddirector
- 2006-01-01➕BAIRD, Nigel Fraser appointeddirector
- 2002-10-10🔓Charge satisfied #11
- 2002-06-14🔒Charge registered #19Lender: The Governor and Company of the Bank of Scotland
Showing most recent 50 of 73 events
Owner dependency
83/100
Critical — business is the founderThe 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.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 86 — succession pressure is live.
Succession & seller-readiness
96/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 86 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 20 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 47 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 med · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
3 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Paul Gordon Baird Individual · British · DOB 01/1966 · age 60 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 28/08/2016 |
Nigel Fraser Baird Individual · British · DOB 03/1967 · age 59 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 28/08/2016 |
Mrs Susan Elaine Venters Individual · British · DOB 09/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 28/08/2016 |
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
Active · Property · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| TULLYBEAGLES LIMITED→ SC352935 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| TWEEDDALE COURT (EDINBURGH) LIMITED→ SC074222 · est 1981 · no financials extracted | — | — | — | — | 45y | — | — |
| TWENTY TWO HOLDINGS LIMITED→ SC587584 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| TWO ROBS LIMITED→ SC855594 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| UM PROPERTY MANAGEMENT LIMITED→ SC797099 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| V&A HOUSES LTD→ SC788882 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER DEVELOPMENTS LTD→ SC796661 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| VISSER PROPERTY INVESTMENTS LTD→ SC666748 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| VMW PROPERTIES LTD→ SC850785 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| VNS LETS LIMITED→ SC733350 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| VSURE LTD→ SC864181 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| W9 DEVELOPMENTS LTD→ SC764449 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated1979-08-09
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate
Registered office
Former Police Box, 38
Quality Street
Edinburgh
EH4 5BS
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-12
Last: 2025-08-29
Officers (3 active · 2 resigned)
Active
Active
VENTERS, Susan Elaine→
Activedirector · ~56y · appointed 2006-01-01
View their other companies + combined net worth →
BAIRD, Ian Dalziel→
Resigneddirector · ~88y · resigned 2026-04-22
BAIRD, Nigel Fraser→
Resigneddirector · ~59y · appointed 2006-01-01 · resigned 2022-08-20
Click a director name to see their full track record across all companies.
Mortgages & charges
28
Total charges
5
Outstanding
2
Active lenders
Status:Lender:28 of 28 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/06/2019 | 08/08/2025 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/06/2019 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/06/2019 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/06/2019 | 29/04/2025 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 20/06/2019 | 13/11/2023 | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 3 properties | 17/04/2019 | — | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 28/03/2019 | 10/11/2023 | |
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 02/09/2009 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 07/10/2008 | — | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 06/10/2008 | 09/06/2025 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 08/08/2008 | 10/06/2020 | |
| satisfied | Lloyds Banking Group Bank of Scotland PLC | Standard security | 1 property | 11/01/2008 | 08/04/2011 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 14/06/2002 | 13/06/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 14/06/2002 | 07/06/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 14/06/2002 | 19/08/2016 | |
| satisfied | Mrs Mary Drysdale Sutherland Baird | Standard security | 1 property | 12/05/1995 | 27/06/2012 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/04/1992 | 15/07/1999 | |
| satisfied | Charles William Henderson | Standard security | 1 property | 05/06/1990 | 26/04/1995 | |
| satisfied | Alliance & Leicester Building Society | Standard security | 1 property | 27/06/1989 | 10/10/2002 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 09/04/1989 | 13/06/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 09/11/1988 | 25/02/2002 | |
| satisfied | Charles William Henderson | Standard security | 1 property | 06/07/1988 | 04/08/1992 | |
| satisfied | Charles William Henderson | Standard security | 1 property | 28/03/1988 | 04/10/1989 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Letter of offset | 1 property | 19/11/1986 | 13/06/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 23/03/1984 | 26/04/1995 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 30/09/1983 | 06/07/2017 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 01/06/1983 | 16/10/1987 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 17/11/1982 | 08/04/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (148 total)
termination-director-company-with-name-termination-date
officers · TM01
2026-04-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
mortgage-satisfy-charge-full
mortgage · MR04
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-09
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-24
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-13
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-31
termination-director-company-with-name-termination-date
officers · TM01
2022-08-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-07-14