INVERNESS RETAIL AND BUSINESS PARK LIMITED
🌳Matureactive
SC112742 · ltd · incorporated 1988-08-15
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 May 2025
Net worth
£26.3k
book net assets
Opportunity
78/100
Strong
What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
ALSO REGISTERED FOR
- 68209Other letting and operating of own or leased real estate
Investor take
PursueProperty-backed borrower with a 81-year-old founder — textbook succession opportunity.
Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 81). Share purchase looks the cleaner deal structure. 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 (65/100).
🏦
Refinance opportunity
9 live charges · 4 lenders · oldest 30.6y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 30.6 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: high (82/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 4 with DOB)
81
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
122 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
78/100Strong
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
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £26,250
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£26k
↑ 203% YoY
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-05-31 | 2024-05-31 |
|---|---|---|
| Total assets | £26.3k | — |
| Net assets | £26.3k | £-25.4k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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 (39 events)Click to expand
- 2025-08-04📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-08-12📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2024-07-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-07-11📄change-person-director-company-with-change-dateofficers · CH01
- 2024-07-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-07-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-06-26➕MACKINTOSH, Michael James appointeddirector
- 2024-06-26➖MACKINTOSH, Peter Alexander Stone resigneddirector
- 2023-07-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-10-11📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-09-09📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-11-04📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-11-06📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-09-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-01-08📄withdrawal-of-a-person-with-significant-control-statementpersons-with-significant-control · PSC09
- 2017-11-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-03-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2001-09-05🔓Charge satisfied #7
- 2001-09-05🔓Charge satisfied #5
- 2001-08-16🔒Charge registered #10Lender: The Governor and Company of the Bank of Scotland
- 2001-08-10🔒Charge registered #9Lender: The Governor and Company of the Bank of Scotland
- 2001-08-10🔒Charge registered #8Lender: The Governor and Company of the Bank of Scotland
- 2000-12-11🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2000-10-12🔓Charge satisfied #6
- 2000-09-16🔓Charge satisfied #3
- 1999-09-10🔓Charge satisfied #2
- 1999-09-01🔒Charge registered #6Lender: Hercules Property UK Limited
- 1999-08-26🔒Charge registered #5Lender: Hercules Property UK Limited
- 1997-01-10🔓Charge satisfied #1
- 1996-10-25🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1996-10-21🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1996-02-09➕SHAW, James appointedsecretary
- 1996-02-09➖WILSON, Alan Baxter resignedsecretary
- 1995-12-07🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1991-08-15➖CRICHTON, George resignedsecretary
- 1991-08-15➖MCNIVEN, Alan Ross resignednominee-director
- 1988-08-15🏢Company incorporatedAs INVERNESS RETAIL AND BUSINESS PARK LIMITED
- 1988-08-15➕CRICHTON, George appointedsecretary
- 1988-08-15➕MCNIVEN, Alan Ross appointednominee-director
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 81 — succession pressure is live.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 81 years old. Natural succession window is now.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Narden Services Limited holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
Narden Services Limited
Corporate parent · holds 25-50% shares
⬇
INVERNESS RETAIL AND BUSINESS PARK LIMITED
This company · SC112742
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Narden Services Limited Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
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 →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
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
Incorporated1988-08-15
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate
Registered office
3 Wellington Road
Nairn
IV12 4RE
Scotland
Filing status
Accounts
Next due: 2027-02-28
Last made up to: 2025-05-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12
Officers (3 active · 4 resigned)
Active
MACKINTOSH, Michael James→
Activedirector · ~63y · appointed 2024-06-26
View their other companies + combined net worth →
Active
CRICHTON, George→
Resignedsecretary · appointed 1988-08-15 · resigned 1991-08-15
WILSON, Alan Baxter→
Resignedsecretary · resigned 1996-02-09
MACKINTOSH, Peter Alexander Stone→
Resigneddirector · ~66y · resigned 2024-06-26
MCNIVEN, Alan Ross→
Resignednominee-director · ~76y · appointed 1988-08-15 · resigned 1991-08-15
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
3
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 16/08/2001 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Assignation of rents | 1 property | 10/08/2001 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 10/08/2001 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 11/12/2000 | 05/09/2001 | |
| satisfied | Hercules Property UK Hercules Property UK Limited | Standard security | 1 property | 01/09/1999 | 12/10/2000 | |
| satisfied | Hercules Property UK Hercules Property UK Limited | Floating charge | 1 property | 26/08/1999 | 05/09/2001 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 25/10/1996 | 16/09/2000 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 21/10/1996 | 10/09/1999 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 2 properties | 07/12/1995 | 10/01/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (122 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-14
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-18
change-person-director-company-with-change-date
officers · CH01
2024-07-11
termination-director-company-with-name-termination-date
officers · TM01
2024-07-03
appoint-person-director-company-with-name-date
officers · AP01
2024-07-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-10-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-04