GRAMPIAN GOLF & LEISURE ASSOCIATES LIMITED

🌳Matureactive
SC093558 · ltd · incorporated 1985-05-31
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 77-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 67/100. Strong seller-intent signal (83/100, director aged 77). 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 (65/100).

🏦

Refinance opportunity

3 live charges · 3 lenders · oldest 34.9y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 34.9 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (59/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
198 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
4
filings
  • 2 accounts
  • 2 other
Last 180 days
4
filings
  • 2 accounts
  • 2 other
Counts from Companies House filing history.
Corporate timeline (49 events)Click to expand
  1. 2026-02-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  2. 2026-02-04
    📄
    legacy
    accounts · PARENT_ACC
  3. 2026-02-04
    📄
    legacy
    other · GUARANTEE2
  4. 2026-02-04
    📄
    legacy
    other · AGREEMENT2
  5. 2025-02-04
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  6. 2025-02-04
    📄
    legacy
    accounts · PARENT_ACC
  7. 2025-02-04
    📄
    legacy
    other · GUARANTEE2
  8. 2025-02-04
    📄
    legacy
    other · AGREEMENT2
  9. 2024-07-15
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  10. 2024-07-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2024-02-13
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  12. 2024-02-09
    📄
    legacy
    accounts · PARENT_ACC
  13. 2024-02-09
    📄
    legacy
    other · AGREEMENT2
  14. 2024-02-09
    📄
    legacy
    other · GUARANTEE2
  15. 2024-02-02
    📄
    legacy
    accounts · PARENT_ACC
  16. 2024-02-02
    📄
    legacy
    other · AGREEMENT2
  17. 2023-01-30
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  18. 2023-01-30
    📄
    legacy
    accounts · PARENT_ACC
  19. 2023-01-30
    📄
    legacy
    other · AGREEMENT2
  20. 2023-01-30
    📄
    legacy
    other · GUARANTEE2
  21. 2022-02-02
    📄
    accounts-with-accounts-type-audit-exemption-subsiduary
    accounts · AA
  22. 2018-02-13
    PAYTON, Graham resigned
    director
  23. 2013-05-17
    🔓
    Charge satisfied #2
  24. 2013-03-14
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  25. 2011-02-25
    🔒
    Charge registered #2
    Lender: Clydesdale Bank PLC
  26. 2010-05-01
    PAYTON, Graham appointed
    director
  27. 2007-01-01
    GIRVAN, Paul Raymond appointed
    director
  28. 2006-09-18
    LINTS, Henry John resigned
    director
  29. 2006-04-01
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  30. 2006-04-01
    LEDINGHAM CHALMERS LLP resigned
    corporate-secretary
  31. 1999-12-07
    DAVIDSON, Bruce Alexander resigned
    director
  32. 1996-01-26
    CRAIG, James Douglas appointed
    director
  33. 1996-01-26
    DAVIDSON, Laura Anne resigned
    secretary
  34. 1996-01-26
    LEDINGHAM CHALMERS LLP appointed
    corporate-secretary
  35. 1996-01-26
    CLARK (JNR), Francis resigned
    director
  36. 1996-01-26
    LINTS, Henry John appointed
    director
  37. 1996-01-26
    LITTLE, Hugh Wilson Mcintosh resigned
    director
  38. 1996-01-26
    STEWART, Ian Renshaw resigned
    director
  39. 1995-03-01
    LITTLE, Hugh Wilson Mcintosh appointed
    director
  40. 1995-03-01
    SAVEGE, David John Storrier resigned
    director
  41. 1995-02-28
    DAVIDSON, Bruce Alexander resigned
    secretary
  42. 1995-02-28
    DAVIDSON, Laura Anne appointed
    secretary
  43. 1993-11-01
    SPENCE, John Stewart resigned
    director
  44. 1993-10-29
    STEWART, Ian Renshaw appointed
    director
  45. 1991-05-20
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  46. 1990-02-01
    CLARK (JNR), Francis appointed
    director
  47. 1990-02-01
    SPENCE, John Stewart appointed
    director
  48. 1989-08-29
    CHRISTIE, Denis Forbes resigned
    director
  49. 1985-05-31
    🏢
    Company incorporated
    As GRAMPIAN GOLF & LEISURE ASSOCIATES LIMITED

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 77 — succession pressure is live.

Succession & seller-readiness

96/100
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 77 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 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Group structure

Craig Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Craig Group Limited
Corporate parent · holds 75-100% shares
ultimate parent
GRAMPIAN GOLF & LEISURE ASSOCIATES LIMITED
This company · SC093558

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%
NameSharesVoting rightsNature of controlNotified
Craig Group Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting30/04/2018
2 historic (ceased) PSCs
  • Mr James Douglas Craigceased 30/04/2018· 75-100% shares · 75-100% voting
  • Craig Group Limitedceased 02/11/2017· 75-100% shares · 75-100% voting · board control

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 →

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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
Incorporated1985-05-31
Jurisdictionscotland
Primary SIC93110 — Operation of sports facilities

Registered office

Johnstone House
52-54 Rose Street
Aberdeen
AB10 1HA
United Kingdom

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-08-02
Last: 2025-07-19

Officers (3 active · 12 resigned)

LEDINGHAM CHALMERS LLP
corporate-secretary · appointed 2006-04-01
View their other companies + combined net worth →
Active
CRAIG, James Douglas
director · ~77y · appointed 1996-01-26
View their other companies + combined net worth →
Active
GIRVAN, Paul Raymond
director · ~61y · appointed 2007-01-01
View their other companies + combined net worth →
Active
DAVIDSON, Bruce Alexander
secretary · resigned 1995-02-28
Resigned
DAVIDSON, Laura Anne
secretary · appointed 1995-02-28 · resigned 1996-01-26
Resigned
LEDINGHAM CHALMERS LLP
corporate-secretary · appointed 1996-01-26 · resigned 2006-04-01
Resigned
CHRISTIE, Denis Forbes
director · ~74y · resigned 1989-08-29
Resigned
CLARK (JNR), Francis
director · ~74y · appointed 1990-02-01 · resigned 1996-01-26
Resigned
DAVIDSON, Bruce Alexander
director · ~65y · resigned 1999-12-07
Resigned
LINTS, Henry John
director · ~75y · appointed 1996-01-26 · resigned 2006-09-18
Resigned
LITTLE, Hugh Wilson Mcintosh
director · ~69y · appointed 1995-03-01 · resigned 1996-01-26
Resigned
PAYTON, Graham
director · ~71y · appointed 2010-05-01 · resigned 2018-02-13
Resigned
SAVEGE, David John Storrier
director · ~75y · resigned 1995-03-01
Resigned
SPENCE, John Stewart
director · ~79y · appointed 1990-02-01 · resigned 1993-11-01
Resigned
STEWART, Ian Renshaw
director · ~77y · appointed 1993-10-29 · resigned 1996-01-26
Resigned

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

Mortgages & charges

3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property14/03/2013
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property25/02/201117/05/2013
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property20/05/1991
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (198 total)

accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2026-02-04
legacy
accounts · PARENT_ACC
2026-02-04
legacy
other · GUARANTEE2
2026-02-04
legacy
other · AGREEMENT2
2026-02-04
confirmation-statement-with-updates
confirmation-statement · CS01
2025-07-21
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2025-02-04
legacy
accounts · PARENT_ACC
2025-02-04
legacy
other · GUARANTEE2
2025-02-04
legacy
other · AGREEMENT2
2025-02-04
confirmation-statement-with-updates
confirmation-statement · CS01
2024-07-23
change-corporate-secretary-company-with-change-date
officers · CH04
2024-07-15
change-person-director-company-with-change-date
officers · CH01
2024-07-15
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-02-13
legacy
accounts · PARENT_ACC
2024-02-09
legacy
other · AGREEMENT2
2024-02-09