AIRPORT DRIVING RANGE COMPANY LIMITED
🌳Matureactive
SC076905 · ltd · incorporated 1981-12-07
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No snapshot from 90 days ago — start tracking from today.
Last 180 days
No snapshot from 180 days ago — start tracking from today.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
PursueStrong opportunity: property-backed borrower with strong profile and acceptable with review structure.
Opportunity 78/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
5 live charges · 3 lenders · oldest 44.1y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 44.1 years old — likely at or near maturity.
- · 3 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 17 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
139 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (64 events)Click to expand
- 2025-12-18📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-04-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-03-31➖MERRILL, Juan Caine resigneddirector
- 2025-03-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-03-12➕BECKWITH, Sheena Marion appointeddirector
- 2024-11-11📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-12-07📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-11-15📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-30📄accounts-with-accounts-type-fullaccounts · AA
- 2021-12-22📄change-person-director-company-with-change-dateofficers · CH01
- 2021-12-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2021-12-14➕MERRILL, Juan Caine appointeddirector
- 2021-08-26➖ADAMS, Stewart Andrew resigneddirector
- 2021-08-26📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-01-13📄accounts-amended-with-accounts-type-fullaccounts · AAMD
- 2020-12-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-12-18📄accounts-with-accounts-type-fullaccounts · AA
- 2018-12-31📄accounts-with-accounts-type-fullaccounts · AA
- 2018-04-20📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-04-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-04-09➕FORGIE, Ian Mackay appointeddirector
- 2018-04-03➖BANKS, Derek William resigneddirector
- 2017-11-01➕ADAMS, Stewart Andrew appointeddirector
- 2017-10-31➖SMITH, Ronald Trotter resigneddirector
- 2017-09-01➕BANKS, Derek William appointeddirector
- 2017-09-01➖MILLER, Andrew Baxter resigneddirector
- 2016-06-30➖JENNER, Richard Winston resigneddirector
- 2016-05-30➕SMITH, Ronald Trotter appointeddirector
- 2015-12-18➕JENNER, Richard Winston appointeddirector
- 2015-12-18➖MCLEOD, Grant Harrison resigneddirector
- 2015-09-29➖COCHRANE, Iain William resigneddirector
- 2015-09-29➕MILLER, Andrew Baxter appointeddirector
- 2015-08-27➖SWEENIE, Andrew Graeme resigneddirector
- 2015-04-09🔒Charge registered #5Lender: The Scottish Ministers
- 2015-02-05🔒Charge registered #4Lender: The Scottish Ministers
- 2014-08-26➖MCLEOD, Grant Harrison resignedsecretary
- 2014-08-26➕MCLEOD, Grant Harrison appointeddirector
- 2014-08-26➕SWEENIE, Andrew Graeme appointeddirector
- 2014-06-30➖WILSON, Thomas Mackenzie resigneddirector
- 2013-11-22➖FITZGERALD, Steven resigneddirector
- 2011-04-01➕WILSON, Thomas Mackenzie appointeddirector
- 2010-05-06➖CHANDLER, Christopher James resignedsecretary
- 2010-05-06➕MCLEOD, Grant Harrison appointedsecretary
- 2009-11-01➖RODWELL, Mark Andrew resigneddirector
- 2009-10-01➕COCHRANE, Iain William appointeddirector
- 2009-04-01➖BARR, William James resigneddirector
- 2007-06-04➕CHANDLER, Christopher James appointedsecretary
- 2007-06-04➖SWEENIE, Andrew Graeme resignedsecretary
- 2007-01-13🔓Charge satisfied #3
- 2007-01-13🔓Charge satisfied #2
Showing most recent 50 of 64 events
Owner dependency
66/100
High — earn-out structure requiredMaterial 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.
- +Senior director age: Director aged approximately 62 — approaching natural succession window.
Succession & seller-readiness
46/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
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.
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.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Scottish Government Individual | 75–100% | — | 75-100% shares | 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
Active · Property · KA postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FREEPORT SCOTLAND LIMITED→ SC087372 · est 1984 | £2.26M £1.92M–£2.60M | — | £2.26M | — | 42y | 83 | 65y |
| ROBB DONALD & CO. LIMITED→ SC109886 · est 1988 | £1.67M £1.42M–£1.92M | — | £1.67M | — | 38y | 83 | 76y |
| DOONBANK INVESTMENTS LIMITED→ SC089875 · est 1984 | £1.61M £1.37M–£1.85M | — | £1.61M | — | 41y | 83 | 69y |
| BUILDWAYS LIMITED→ SC035627 · est 1960 | £652.9k £555.0k–£750.9k | — | £652.9k | — | 65y | 82 | 72y |
| DAEDALUS PROPERTIES LIMITED→ SC222335 · est 2001 | £637.0k £541.5k–£732.6k | — | £637.0k | — | 24y | 82 | 67y |
| DS PROPERTY MANAGEMENT LIMITED→ SC372145 · est 2010 | £234.1k £199.0k–£269.2k | — | £234.1k | — | 16y | 83 | 61y |
| AYRSHIRE PROPERTY MANAGEMENT LTD.→ SC387933 · est 2010 | £202.4k £172.0k–£232.8k | — | £202.4k | — | 15y | 82 | 69y |
| DABART LIMITED→ SC169972 · est 1996 | £198.2k £168.5k–£227.9k | — | £198.2k | — | 29y | 82 | 79y |
| CITY TYRES & EXHAUSTS LIMITED→ SC186944 · est 1998 | £193.0k £164.0k–£221.9k | — | £193.0k | — | 27y | 82 | 80y |
| MCG PROPERTIES LIMITED→ SC297086 · est 2006 | £111.8k £95.0k–£128.6k | — | £111.8k | — | 20y | 83 | 71y |
| J G D PROPERTIES LIMITED→ SC254693 · est 2003 | £97.6k £82.9k–£112.2k | — | £97.6k | — | 22y | 82 | 77y |
| CROSSING PROPERTIES LTD.→ SC170722 · est 1996 | £83.5k £71.0k–£96.0k | — | £83.5k | — | 29y | 82 | 78y |
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
Incorporated1981-12-07
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis
Registered office
Glasgow Prestwick Airport
Aviation House
Prestwick
Ayrshire
KA9 2PL
Filing status
Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-12-14
Last: 2025-11-30
Officers (2 active · 21 resigned)
BECKWITH, Sheena Marion→
Activedirector · ~61y · appointed 2025-03-12
View their other companies + combined net worth →
FORGIE, Ian Mackay→
Activedirector · ~62y · appointed 2018-04-09
View their other companies + combined net worth →
CAIRNS, Thomas→
Resignedsecretary · resigned 2006-08-11
CHANDLER, Christopher James→
Resignedsecretary · appointed 2007-06-04 · resigned 2010-05-06
MCLEOD, Grant Harrison→
Resignedsecretary · appointed 2010-05-06 · resigned 2014-08-26
SWEENIE, Andrew Graeme→
Resignedsecretary · appointed 2006-08-11 · resigned 2007-06-04
ADAMS, Stewart Andrew→
Resigneddirector · ~66y · appointed 2017-11-01 · resigned 2021-08-26
BANKS, Derek William→
Resigneddirector · ~60y · appointed 2017-09-01 · resigned 2018-04-03
BARR, William James→
Resigneddirector · ~87y · appointed 2006-08-11 · resigned 2009-04-01
CAIRNS, Ann→
Resigneddirector · ~70y · resigned 2006-08-11
CAIRNS, Thomas→
Resigneddirector · ~72y · resigned 2006-08-11
CAIRNS, Thomas Samson→
Resigneddirector · resigned 1991-12-31
COCHRANE, Iain William→
Resigneddirector · ~63y · appointed 2009-10-01 · resigned 2015-09-29
FITZGERALD, Steven→
Resigneddirector · ~58y · appointed 2006-08-11 · resigned 2013-11-22
JENNER, Richard Winston→
Resigneddirector · ~82y · appointed 2015-12-18 · resigned 2016-06-30
LAVERTY, William Lockhart→
Resigneddirector · resigned 1991-12-31
MCLEOD, Grant Harrison→
Resigneddirector · ~52y · appointed 2014-08-26 · resigned 2015-12-18
MERRILL, Juan Caine→
Resigneddirector · ~64y · appointed 2021-12-14 · resigned 2025-03-31
MILLER, Andrew Baxter→
Resigneddirector · ~72y · appointed 2015-09-29 · resigned 2017-09-01
RODWELL, Mark Andrew→
Resigneddirector · ~62y · appointed 2006-08-11 · resigned 2009-11-01
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | The Scottish Ministers | A registered charge | 1 property | 09/04/2015 | — | |
| outstanding | The Scottish Ministers | A registered charge | — | 05/02/2015 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 31/03/1992 | 13/01/2007 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 10/01/1990 | 13/01/2007 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 22/04/1982 | 21/08/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (139 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-04
accounts-with-accounts-type-dormant
accounts · AA
2025-12-18
termination-director-company-with-name-termination-date
officers · TM01
2025-04-14
appoint-person-director-company-with-name-date
officers · AP01
2025-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-19
accounts-with-accounts-type-dormant
accounts · AA
2024-11-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-11
accounts-with-accounts-type-dormant
accounts · AA
2023-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-29
accounts-with-accounts-type-full
accounts · AA
2022-11-15
accounts-with-accounts-type-full
accounts · AA
2021-12-30
change-person-director-company-with-change-date
officers · CH01
2021-12-22
appoint-person-director-company-with-name-date
officers · AP01
2021-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-12-13
termination-director-company-with-name-termination-date
officers · TM01
2021-08-26