REID MARINE LIMITED

🌳Matureactive

SC071758 · ltd · incorporated 1980-06-09

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.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 40.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£6.75M

book net assets

Opportunity

79/100

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

Asset-holding vehicle with a 78-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 85/100. Strong seller-intent signal (73/100, director aged 78). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 40.9y

70/100

ready

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

· Oldest live charge is 40.9 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

6 officers (5 active, 6 linked, 5 with DOB)

Ownership & PSC

0 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

133 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

🔒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

79/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £6,747,458

Cash YoY

+82%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£115k

↑ 82% YoY

Net Worth

£6.7m

~ YoY

Current Assets

£135k

↓ 97% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-12-31	2023-12-31
Total assets	£7.38M	£7.32M
Current assets	£135.1k	£5.17M
Cash	£115.1k	£63.3k
Debtors	£20.0k	£25.0k
Net assets	£6.75M	£6.69M

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

filings

Last 90 days

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 officers

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-01-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-11-12
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-30
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-23
📄
change-person-director-company-with-change-date
officers · CH01
2025-09-23
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-09-23
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-09
📄
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2025-06-09
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-09-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-05-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-03-26
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-03-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-20
➖
REID, David resigned
director
2023-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-14
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-11-14
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2023-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2014-11-07
🔓
Charge satisfied #4
2009-02-12
🔓
Charge satisfied #3
2009-02-12
🔓
Charge satisfied #2
1996-08-23
🔒
Charge registered #4
Lender: The Royal Bank of Scotland PLC
1995-07-24
➕
SMALLWOOD, Helga appointed
director
1995-07-23
➕
REID, Britt appointed
director
1994-12-08
🔓
Charge satisfied #1
1988-03-17
🔒
Charge registered #3
Lender: Orkney Islands Council
1987-12-15
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1985-06-13
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1980-06-09
🏢
Company incorporated
As REID MARINE LIMITED

Owner dependency

88/100

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

-4 active directors: Broader management team in place — suggests transferable governance.
+Founder name in company name: Company name contains director surname "REID" — strong identity link between founder and business.
+Long-tenure founder: Senior director has been in place 31 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 78 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

Likely off-market candidate

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 78 years old. Natural succession window is now.
primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 46 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 ·

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.

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GESTAQUOY LTD→ SC434200 · est 2012	£86.3k £73.3k–£99.2k	—	£86.3k	—	13y	79	58y
BRORA PROPERTIES LIMITED→ SC262296 · est 2004	£71.9k £61.1k–£82.7k	—	£71.9k	—	22y	80	82y
JOHNSTON PROPERTIES (ORKNEY) LIMITED→ SC632400 · est 2019	£45.1k £38.3k–£51.9k	—	£45.1k	—	6y	79	71y
ENTERPRISE PROPERTIES (ORKNEY) LIMITED→ SC327200 · est 2007	—	—	—	0	18y	83	64y
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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.

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Company details

Statusactive

Typeltd

Incorporated1980-06-09

Jurisdictionscotland

Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Quest Buildings

27/29 Albert Street

Kirkwall

Orkney

KW15 1HL

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2026-11-28

Last: 2025-11-14