THE MORAY SOCIETY

🌳Matureactive

SC106529 · private-limited-guarant-nsc · incorporated 1987-09-09

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 8.4y old — refinance window within 12 months

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 Mar 2025

Net worth

—

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Operation of historical sites and buildings and similar visitor attractions

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 8.4y

85/100

ready

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

· Oldest live charge is 8.4 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 20/100 — clean.

Data confidence

Overall: medium (62/100)

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

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

72 officers (10 active, 72 linked, 65 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

211 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

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

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.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-03-31
Average employees	300

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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

• 3 officers
• 1 confirmation-statement

Last 90 days

filings

• 5 officers
• 1 confirmation-statement

Last 180 days

filings

• 6 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (152 events)Click to expand

2026-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-05-21
📄
change-person-director-company-with-change-date
officers · CH01
2026-05-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-05-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-05-10
➖
DALGARNO, William Alexander resigned
director
2026-03-13
➕
CHILTON, Laura Gray appointed
director
2026-02-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-11
➖
HENDERSON, Andrew resigned
director
2025-12-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-18
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-14
📄
change-person-director-company-with-change-date
officers · CH01
2025-02-27
📄
change-account-reference-date-company-current-extended
accounts · AA01
2025-02-25
📄
resolution
resolution · RESOLUTIONS
2025-02-25
📄
memorandum-articles
incorporation · MA
2024-09-25
📄
accounts-with-accounts-type-small
accounts · AA
2024-06-06
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-06-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-20
➕
BRADFORD, Eleanor Caroline appointed
director
2024-05-20
➕
HENDERSON, Andrew appointed
director
2024-03-12
📄
change-person-director-company-with-change-date
officers · CH01
2023-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-03
📄
change-person-director-company-with-change-date
officers · CH01
2022-12-08
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-12-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-01
➕
WRIGHT, Alison Jane, Dr appointed
director
2022-12-01
➖
JOHNSTON, Grenville Shaw, Lt Colonel resigned
director
2022-09-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-08
➖
LAING, Richard, Professor resigned
director
2022-01-19
➖
WEBSTER, Caroline resigned
director
2021-09-17
➖
CAMERON, Edna resigned
director
2021-09-17
➖
RUSSELL, Clodagh Rebecca Helen resigned
director
2021-04-28
➕
BROWN, Nicholas Alistair, Dr appointed
director
2021-04-28
➕
LAING, Richard, Professor appointed
director
2021-02-03
➖
SHAND, Mary resigned
director
2019-11-01
➕
HUYTON, Stuart Lindsay appointed
director
2018-04-28
➕
WEBSTER, Caroline appointed
director
2018-02-09
🔒
Charge registered #1
Lender: Historic Environment Scotland
2017-04-28
➕
ROBERTSON, Graham Sinclair appointed
secretary
2017-04-28
➕
ROBERTSON, Graham Sinclair appointed
director
2017-04-28
➕
SKELLY, Donna Margaret appointed
director
2017-04-28
➖
FERGUSON, Kenneth resigned
secretary
2017-04-28
➖
DACRE MBE DL, John Philip, Group Captain resigned
director
2017-04-28
➖
FERGUSON CA, Kenneth resigned
director
2017-04-28
➖
MONRO, Angela resigned
director
2017-04-28
➖
YOOL, Marion Shearer resigned
director
2015-07-21
➕
HERBERT, Claire Helen appointed
director
2015-04-24
➖
ROBINSON, Elizabeth Margot resigned
director
2015-01-20
➕
RUSSELL, Clodagh Rebecca Helen appointed
director
2014-10-21
➕
DACRE MBE DL, John Philip, Group Captain appointed
director

Showing most recent 50 of 152 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-9 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

80/100

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 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 30 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: DALGARNO, William Alexander resigned 2026-05-10; HENDERSON, Andrew resigned 2026-02-11

Similar companies

Active · Leisure & entertainment · IV postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LOCH NESS MARATHON LIMITED→ SC312511 · est 2006	£670.8k £521.7k–£819.9k	—	—	400	19y	81	62y
CALEDONIAN CONCEPTS (SCOTLAND) LIMITED→ SC310846 · est 2006	£393.3k £305.9k–£480.7k	—	—	400	19y	81	68y
DORNOCH AND DISTRICT COMMUNITY ASSOCIATION→ SC375856 · est 2010	—	—	£346.7k	—	16y	83	84y
HIGHLAND GLIDING CLUB LIMITED→ SC155807 · est 1995	—	—	£218.2k	—	31y	83	71y
ELGIN KART RACEWAY & ACTIVITY CENTRE LIMITED→ SC337383 · est 2008	—	—	£3.5k	—	18y	82	74y
APPLECROSS HISTORICAL SOCIETY→ SC208619 · est 2000	—	—	—	0	25y	81	80y
AULDEARN COMMUNITY TRUST→ SC229632 · est 2002	—	—	£69.3k	—	24y	81	82y
AULTBEA REGENERATION COMPANY→ SC352697 · est 2008 · no financials extracted	—	—	—	—	17y	81	78y
DANCE NORTH SCOTLAND C.I.C.→ SC260642 · est 2003 · no financials extracted	—	—	—	—	22y	81	73y
EILEAN BAN TRUST→ SC189729 · est 1998 · no financials extracted	—	—	—	—	27y	81	87y
FINDHORN VILLAGE HERITAGE COMPANY→ SC132026 · est 1991	—	—	£105.0k	—	34y	81	83y
GLENFINNAN STATION MUSEUM LTD→ SC310896 · est 2006	—	—	—	3	19y	81	77y

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

Incorporated1987-09-09

Jurisdictionscotland

Primary SIC91030 — Operation of historical sites and buildings and similar visitor attractions

Registered office

Elgin Museum

1 High Street

Elgin

Moray

IV30 1EQ

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-05-24

Last: 2026-05-10