HIGHLAND HISTORIC BUILDINGS TRUST
🌳Matureactive
SC101235 · private-limited-guarant-nsc-limited-exemption · incorporated 1986-10-08
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
—
year to Dec 2025
Net worth
—
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Management of real estate on a fee or contract basis
Sector: Real estate
Investor take
PursueProperty-backed borrower with a 72-year-old founder — textbook succession opportunity.
Opportunity 75/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 72). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (45/100).
🏦
Refinance opportunity
5 live charges · 4 lenders · oldest 36.9y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 36.9 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 48/100 (high).
Data confidence
Overall: medium (72/100)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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
46 officers (3 active, 46 linked, 41 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
192 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
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
69
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Average employees | 0 | 0 |
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
0
filings
Last 90 days
1
filing
- • 1 accounts
Last 180 days
1
filing
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (107 events)Click to expand
- 2026-03-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-11-14➖BOYD, William Alexander resigneddirector
- 2025-11-14➖JOHNSTON, Kenneth Alexander resigneddirector
- 2025-11-14➖MACDONALD, John Hugh resigneddirector
- 2025-11-14➖MACGRUER, Michael resigneddirector
- 2025-11-14➖MIERS, Mary resigneddirector
- 2025-11-14➖MUNRO, Hector William resigneddirector
- 2025-11-14➖SINCLAIR, Andrew David, Councillor resigneddirector
- 2025-04-10📄change-person-director-company-with-change-dateofficers · CH01
- 2025-04-10📄change-person-secretary-company-with-change-dateofficers · CH03
- 2025-03-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-18🔒Charge registered #5Lender: Sse Generation Limited
- 2025-03-17📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-08-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-12-21📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2023-12-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-12-20➖DUGUID, Catriona resigneddirector
- 2023-11-13📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-10-31➖DUNCAN, John Thomson resigneddirector
- 2022-11-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-25📄change-person-director-company-with-change-dateofficers · CH01
- 2022-10-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-10-21📄termination-director-company-with-name-termination-dateofficers · TM01
- 2022-05-05➖BALFOUR, Roderick Andrew Christopher resigneddirector
- 2022-05-05➕BOYD, William Alexander appointeddirector
- 2021-10-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-03-27➖HENDERSON, Allan George, Cllr. resigneddirector
- 2020-03-27➕SINCLAIR, Andrew David, Councillor appointeddirector
- 2018-11-30➕HENDERSON, Allan George, Cllr. appointeddirector
- 2018-11-30➖PATERSON, Margaret Elizabeth resigneddirector
- 2017-05-21➕BENNETT, Alexander Martin appointeddirector
- 2017-05-21➕BALFOUR, Roderick Andrew Christopher appointeddirector
- 2017-05-21➕DUGUID, Catriona appointeddirector
- 2017-05-21➖KERR, Donald Alexander resigneddirector
- 2017-05-21➖MACLEOD, Kenneth John Baillie Stewart resigneddirector
- 2017-05-21➕PATERSON, Margaret Elizabeth appointeddirector
- 2016-12-12➖SMITH, Graeme Munro resigneddirector
- 2016-12-09➖MACINTYRE, Hector Roy resigneddirector
- 2015-12-11➖GUNN, Aline Lavender resigneddirector
- 2013-02-08➕SMITH, Graeme Munro appointeddirector
- 2012-05-03➖SMITH, Graeme Munro resigneddirector
- 2012-05-03➖WOOD, Hamish Harman resigneddirector
- 2012-02-18➖ROWE, Leslie John resigneddirector
Showing most recent 50 of 107 events
Owner dependency
73/100
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.
- +Founder age: Director aged approximately 72 — succession pressure is live.
Succession & seller-readiness
89/100
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 72 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 15 years.
- 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
2 med ·7 director resignations in last 12 months
mediumMultiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: BOYD, William Alexander resigned 2025-11-14; JOHNSTON, Kenneth Alexander resigned 2025-11-14; MACDONALD, John Hugh resigned 2025-11-14
Charge satisfaction-then-recreation pattern
mediumMultiple 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 →Similar companies
Active · Property · IV postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| BLAVEN LIMITED→ SC160238 · est 1995 | £1.94M £1.65M–£2.24M | — | £1.94M | — | 30y | 83 | 73y |
| REDDLEMAN PROPERTIES LIMITED→ SC210065 · est 2000 | £1.04M £882.8k–£1.19M | — | £1.04M | — | 25y | 82 | 61y |
| PURESURF LIMITED→ SC186167 · est 1998 | £839.5k £713.6k–£965.4k | — | £839.5k | — | 28y | 82 | 65y |
| GLENVICASKILL DEVELOPMENTS LIMITED→ SC235334 · est 2002 | £658.2k £559.5k–£756.9k | — | £658.2k | — | 23y | 82 | 82y |
| W. & A.B. RICHARDSON LIMITED→ SC022381 · est 1943 | £561.0k £476.8k–£645.1k | — | £561.0k | — | 83y | 82 | 63y |
| GEDDES PROPERTIES (NAIRN) LIMITED→ SC141250 · est 1992 | £538.2k £457.5k–£618.9k | — | £538.2k | — | 33y | 82 | 65y |
| FINDHORN SALMON FISHINGS LIMITED→ SC030593 · est 1955 | £291.2k £247.5k–£334.9k | — | £291.2k | — | 71y | 82 | 77y |
| FAIRFIELD PROPERTIES (INVERNESS) LTD.→ SC244714 · est 2003 | £217.0k £184.5k–£249.6k | — | £217.0k | — | 23y | 82 | 75y |
| NORTHLANDS PROPERTIES LIMITED→ SC195787 · est 1999 | £214.5k £182.3k–£246.6k | — | £214.5k | — | 27y | 83 | 59y |
| CRUACHAN FLATS LIMITED→ SC242899 · est 2003 | £148.1k £125.9k–£170.3k | — | £148.1k | — | 23y | 82 | 77y |
| BELVOIR LETTINGS (MORAY) LTD→ SC302163 · est 2006 | £124.4k £105.7k–£143.0k | — | £124.4k | — | 20y | 82 | 67y |
| CAMERON HARRIS LTD.→ SC241344 · est 2002 | £93.0k £79.0k–£106.9k | — | £93.0k | — | 23y | 82 | 78y |
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
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated1986-10-08
Jurisdictionscotland
Primary SIC68320 — Management of real estate on a fee or contract basis
Registered office
Redwood
19 Culduthel Road
Inverness
IV2 4AA
Filing status
Accounts
Next due: 2027-09-30
Last made up to: 2025-12-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11
Officers (3 active · 43 resigned)
GRAHAM, Douglas Riddle Ross→
Activesecretary · appointed 2008-11-14
View their other companies + combined net worth →
BENNETT, Alexander Martin→
Activedirector · ~72y · appointed 2017-05-21
View their other companies + combined net worth →
SMITH, Jean Ramsay→
Activedirector · ~70y · appointed 2011-11-30
View their other companies + combined net worth →
CHEETHAM, Barbara Ann→
Resignedsecretary · resigned 2008-11-14
ALEXANDER, James Bremner Durrand→
Resigneddirector · ~83y · resigned 2002-02-05
BALFOUR, Roderick Andrew Christopher→
Resigneddirector · ~86y · appointed 2017-05-21 · resigned 2022-05-05
BOYD, William Alexander→
Resigneddirector · ~80y · appointed 2022-05-05 · resigned 2025-11-14
CHALMER, George Alexander Duncan→
Resigneddirector · ~96y · resigned 1992-05-14
CLOUGH, Monica→
Resigneddirector · ~104y · appointed 1992-01-29 · resigned 1994-04-08
DOUGLAS, Graham John→
Resigneddirector · ~83y · appointed 1998-07-17 · resigned 2006-09-08
DUGUID, Catriona→
Resigneddirector · ~46y · appointed 2017-05-21 · resigned 2023-12-20
DUNCAN, John Thomson→
Resigneddirector · ~78y · appointed 2008-11-14 · resigned 2023-10-31
DUNCAN, John Thomson→
Resigneddirector · ~78y · resigned 2004-08-26
DUNLOP, Basil Matthew Stuart→
Resigneddirector · ~90y · appointed 1999-06-24 · resigned 2004-03-19
DURHAM, Jane Mary Stow→
Resigneddirector · ~102y · resigned 1997-04-02
GLADWIN, Julia-Jane Christine→
Resigneddirector · ~61y · appointed 1998-07-17 · resigned 2000-11-16
GRAHAM, Nigel John Osbern, Major→
Resigneddirector · ~99y · appointed 1996-04-19 · resigned 2007-11-02
GUNN, Aline Lavender→
Resigneddirector · ~93y · appointed 2000-10-20 · resigned 2015-12-11
HAMILTON, William→
Resigneddirector · ~86y · resigned 1996-03-31
HAMILTON-GRIERSON, Pleasaunce Jill→
Resigneddirector · ~92y · appointed 2006-09-08 · resigned 2011-11-30
Click a director name to see their full track record across all companies.
Mortgages & charges
5
Total charges
2
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Sse Generation Sse Generation Limited | A registered charge | 1 property | 18/03/2025 | — | |
| outstanding | Scottish Ministers | Standard security | 1 property | 31/03/2005 | — | |
| satisfied | The Highland Council | Standard security | 1 property | 01/02/2002 | 29/10/2004 | |
| satisfied | Architectural Heritage Fund | Standard security | 1 property | 07/09/2001 | 29/10/2004 | |
| satisfied | Architectural Heritage Fund | Standard security | 1 property | 07/07/1989 | 25/05/1990 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (192 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-11
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
termination-director-company-with-name-termination-date
officers · TM01
2025-11-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-14
change-person-director-company-with-change-date
officers · CH01
2025-04-10
change-person-secretary-company-with-change-date
officers · CH03
2025-04-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-29