SINCLAIR LEISURE LIMITED

💤Zombieactive
SC110447 · ltd · incorporated 1988-04-13
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Apr 2025
Net worth
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 65-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 75/100. Strong seller-intent signal (78/100, director aged 65). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

8 live charges · 2 lenders · oldest 36.9y

30/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 36.9 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
5 officers (2 active, 5 linked, 3 with DOB)
82
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
109 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Apr 2024Apr 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Average employees142100

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
2
filings
  • 1 confirmation-statement
  • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-01-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-12-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-12-19
    🔓
    Charge satisfied #7
  5. 2024-11-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-11-26
    🔓
    Charge satisfied #6
  7. 2024-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2024-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  9. 2024-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2024-10-26
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2024-10-26
    🔓
    Charge satisfied #5
  13. 2024-10-26
    🔓
    Charge satisfied #4
  14. 2024-10-26
    🔓
    Charge satisfied #3
  15. 2024-10-26
    🔓
    Charge satisfied #1
  16. 2024-10-26
    🔓
    Charge satisfied #2
  17. 2024-05-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  18. 2023-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2023-01-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2022-01-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2021-02-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-03-10
    📄
    capital-name-of-class-of-shares
    capital · SH08
  23. 2020-03-05
    📄
    resolution
    resolution · RESOLUTIONS
  24. 2020-03-05
    📄
    resolution
    resolution · RESOLUTIONS
  25. 2020-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  26. 2006-07-14
    🔒
    Charge registered #8
    Lender: The Royal Bank of Scotland PLC
  27. 2006-07-14
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  28. 2006-07-06
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  29. 2002-03-25
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  30. 1998-10-05
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  31. 1998-02-12
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  32. 1997-11-13
    SINCLAIR, Christine appointed
    secretary
  33. 1997-11-13
    SINCLAIR, Norman James Anderson resigned
    secretary
  34. 1997-11-13
    SINCLAIR, James Alfred resigned
    director
  35. 1997-11-13
    SINCLAIR, Mary Jane resigned
    director
  36. 1994-10-06
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 1989-05-19
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  38. 1988-04-13
    🏢
    Company incorporated
    As SINCLAIR LEISURE LIMITED

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "SINCLAIR" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 65 — succession pressure is live.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 65. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondaryStable-but-static management: Company is 38 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

1 med ·
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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Norman James Anderson Sinclair
Individual · United Kingdom · DOB 03/1961 · age 65
75100%
75–100%sig. influence75-100% shares · 75-100% voting · significant influence · firm interest01/05/2016

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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

8 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
Incorporated1988-04-13
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

10 B Balmakeith Business Park
Nairn
IV12 5QW
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-03-30
Last: 2026-03-16

Officers (2 active · 3 resigned)

SINCLAIR, Christine
secretary · appointed 1997-11-13
View their other companies + combined net worth →
Active
SINCLAIR, Norman James Anderson
director · ~65y
View their other companies + combined net worth →
Active
SINCLAIR, Norman James Anderson
secretary · resigned 1997-11-13
Resigned
SINCLAIR, James Alfred
director · ~95y · resigned 1997-11-13
Resigned
SINCLAIR, Mary Jane
director · ~96y · resigned 1997-11-13
Resigned

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

Mortgages & charges

8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/07/2006
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/07/200619/12/2024
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property06/07/200626/11/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property25/03/200226/10/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property05/10/199826/10/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property12/02/199826/10/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property06/10/199426/10/2024
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property19/05/198926/10/2024
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (109 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-04-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-01-23
mortgage-satisfy-charge-full
mortgage · MR04
2024-12-19
mortgage-satisfy-charge-full
mortgage · MR04
2024-11-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-26
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-04-19