COVENANTERS INN LIMITED

⚰️Wound downdissolved
SC100343 · ltd · incorporated 1986-07-31
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
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 material changes in the last 90 days.

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
62/100
Worth a look
🔔
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What this business does
Primary activity: SIC 5510
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 72/100. Strong seller-intent signal (75/100, director aged 62). 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

7 live charges · 3 lenders · oldest 39.1y

35/100
too messy

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

  • · Oldest live charge is 39.1 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: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
15 officers (3 active, 15 linked, 11 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
Filing history
113 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.

Recent activity

Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (63 events)Click to expand
  1. 2012-02-24
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2012-02-24
    🏁
    Company dissolved
  3. 2011-11-04
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2011-10-21
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  5. 2011-10-20
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2011-01-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2010-10-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2010-01-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2010-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2010-01-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2010-01-20
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  12. 2009-05-08
    📄
    accounts-with-made-up-date
    accounts · AA
  13. 2009-01-19
    📄
    legacy
    annual-return · 363a
  14. 2008-08-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2008-01-08
    📄
    legacy
    annual-return · 363a
  16. 2007-10-26
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2007-01-23
    📄
    legacy
    annual-return · 363a
  18. 2006-12-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  19. 2006-12-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2006-10-04
    📄
    legacy
    mortgage · 419a(Scot)
  21. 2006-10-04
    🔓
    Charge satisfied #8
  22. 2006-06-08
    📄
    legacy
    annual-return · 363a
  23. 2006-05-08
    📍
    legacy
    address · 287
  24. 2005-11-26
    📄
    legacy
    mortgage · 419a(Scot)
  25. 2005-11-26
    🔓
    Charge satisfied #7
  26. 2005-10-07
    📄
    legacy
    officers · 288b
  27. 2005-10-07
    📄
    legacy
    officers · 288b
  28. 2005-10-07
    📄
    legacy
    officers · 288b
  29. 2005-09-18
    ➕
    LAVIZANI, Sylvia appointed
    secretary
  30. 2005-09-18
    ➕
    LAVIZANI, Michael appointed
    director
  31. 2005-09-18
    ➕
    LAVIZANI, Sylvia appointed
    director
  32. 2005-09-18
    ➖
    BROWN, John William resigned
    secretary
  33. 2005-09-18
    ➖
    BROWN, John William resigned
    director
  34. 2005-09-18
    ➖
    CAMPBELL, Alistair Ramsay resigned
    director
  35. 2005-09-18
    ➖
    CHARLESON, Kenneth Harvey resigned
    director
  36. 2005-09-18
    ➖
    ROSS, Elliot Wallace resigned
    director
  37. 2005-09-18
    ➖
    ROSS, Peter Angus resigned
    director
  38. 2002-12-18
    ➕
    CHARLESON, Kenneth Harvey appointed
    director
  39. 2000-02-25
    🔓
    Charge satisfied #5
  40. 2000-02-23
    🔓
    Charge satisfied #6
  41. 2000-02-22
    🔒
    Charge registered #8
    Lender: The Governor and Company of the Bank of Scotland
  42. 2000-01-24
    ➖
    WHILLIS, Selby Carter resigned
    director
  43. 1999-12-16
    🔒
    Charge registered #7
    Lender: The Governor and Company of the Bank of Scotland
  44. 1999-01-07
    ➕
    BROWN, John William appointed
    secretary
  45. 1999-01-07
    ➖
    CHALMERS, Robert Stanley resigned
    secretary
  46. 1999-01-07
    ➕
    BROWN, John William appointed
    director
  47. 1998-01-08
    ➖
    CHALMERS, Robert Stanley resigned
    director
  48. 1997-04-28
    ➖
    WEBSTER, Peter Stevenson resigned
    director
  49. 1995-06-01
    ➕
    CHALMERS, Robert Stanley appointed
    secretary
  50. 1995-06-01
    ➖
    WHILLIS, Selby Carter resigned
    secretary
Showing most recent 50 of 63 events

Owner dependency

84/100
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 21 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

76/100
Likely off-market candidate

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

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.
  • primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 40 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 high · 1 med ·
Company dissolved
high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2012-02-24

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.

🔒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

Statusdissolved
Typeltd
Incorporated1986-07-31
Jurisdictionscotland
Primary SIC5510 — SIC 5510

Registered office

Silverwells House
114 Cadzow Street
Hamilton
South Lanarkshire
ML3 6HP

Filing status

Accounts
Next due: —
Last made up to: 2011-01-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 12 resigned)

LAVIZANI, Sylvia→
secretary · appointed 2005-09-18
View their other companies + combined net worth →
Active
LAVIZANI, Michael→
director · ~62y · appointed 2005-09-18
View their other companies + combined net worth →
Active
LAVIZANI, Sylvia→
director · ~53y · appointed 2005-09-18
View their other companies + combined net worth →
Active
BROWN, John William→
secretary · appointed 1999-01-07 · resigned 2005-09-18
Resigned
CHALMERS, Robert Stanley→
secretary · appointed 1995-06-01 · resigned 1999-01-07
Resigned
WHILLIS, Selby Carter→
secretary · resigned 1995-06-01
Resigned
BROWN, John William→
director · ~82y · appointed 1999-01-07 · resigned 2005-09-18
Resigned
CAMPBELL, Alistair Ramsay→
director · ~75y · appointed 1992-08-17 · resigned 2005-09-18
Resigned
CHALMERS, Robert Stanley→
director · ~92y · appointed 1992-08-17 · resigned 1998-01-08
Resigned
CHARLESON, Kenneth Harvey→
director · ~60y · appointed 2002-12-18 · resigned 2005-09-18
Resigned
DIPPIE, James Gordon→
director · ~105y · resigned 1993-04-30
Resigned
ROSS, Elliot Wallace→
director · ~90y · resigned 2005-09-18
Resigned
ROSS, Peter Angus→
director · ~90y · resigned 2005-09-18
Resigned
WEBSTER, Peter Stevenson→
director · ~70y · appointed 1992-08-17 · resigned 1997-04-28
Resigned
WHILLIS, Selby Carter→
director · ~97y · resigned 2000-01-24
Resigned

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

Mortgages & charges

7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property22/02/200004/10/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property16/12/199926/11/2005
satisfied
Northern Rock Building Society
Standard security1 property23/05/199523/02/2000
satisfied
Northern Rock Building Society
Bond & floating charge1 property18/05/199525/02/2000
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property03/12/199024/05/1995
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property13/09/199024/05/1995
satisfied
The British Linen Bank
The British Linen Bank LTD
Standard security1 property15/06/198717/10/1990

Recent filings (113 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-02-24
gazette-notice-voluntary
gazette · GAZ1(A)
2011-11-04
accounts-with-accounts-type-total-exemption-small
accounts · AA
2011-10-21
dissolution-application-strike-off-company
dissolution · DS01
2011-10-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-01-18
accounts-with-accounts-type-dormant
accounts · AA
2010-10-20
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-01-20
change-person-director-company-with-change-date
officers · CH01
2010-01-20
change-person-director-company-with-change-date
officers · CH01
2010-01-20
change-person-secretary-company-with-change-date
officers · CH03
2010-01-20
accounts-with-made-up-date
accounts · AA
2009-05-08
legacy
annual-return · 363a
2009-01-19
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-08-27
legacy
annual-return · 363a
2008-01-08
accounts-with-accounts-type-total-exemption-small
accounts · AA
2007-10-26