NEVIS RANGE DEVELOPMENT COMPANY LIMITED

🌳Matureactive

SC113211 · ltd · incorporated 1988-09-01

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Oct 2024

Net worth

£3.00M

book net assets

Opportunity

75/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Licenced restaurants

Sector: Accommodation & food service

ALSO REGISTERED FOR

93110Operation of sports facilities

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 57/100. Strong seller-intent signal (63/100, director aged 82). Biggest value-creation lever: Consolidate lender relationships. 12 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

18 live charges · 12 lenders · oldest 37.3y

15/100

under pressure

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

· Oldest live charge is 37.3 years old — likely at or near maturity.
· 12 lenders named — inter-creditor friction likely.
· Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: high (80/100)

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

Lenders & charges

18 charges (18/18 with lender, 18/18 with type)

Directors & officers

20 officers (4 active, 20 linked, 17 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

3 connected companies via shared directors

Filing history

243 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £3,002,055

Cash draining

Cash down 56% YoY

Cash YoY

-56%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£265k

↓ 56% YoY

Net Worth

£3.0m

↑ 12% YoY

Current Assets

£1.2m

↑ 38% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-10-31	2023-10-31
Total assets	£6.14M	£6.45M
Current assets	£1.19M	£864.0k
Cash	£265.0k	£600.3k
Debtors	£777.2k	£217.7k
Net assets	£3.00M	£2.67M

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

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (83 events)Click to expand

2025-10-31
📄
accounts-with-accounts-type-group
accounts · AA
2025-01-21
➖
RICE, George resigned
director
2025-01-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-17
➖
WILLIAMSON, Craig James resigned
director
2025-01-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-10-30
📄
accounts-with-accounts-type-group
accounts · AA
2023-07-27
📄
accounts-with-accounts-type-full
accounts · AA
2023-04-18
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-04-12
🔒
Charge registered #18
Lender: Highlands and Islands Enterprise
2023-04-08
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-04-06
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-04-06
📄
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2023-04-03
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-03-27
🔒
Charge registered #17
Lender: Highlands and Islands Enterprise
2022-09-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-08-05
➖
SYKES, Ian Andrew resigned
director
2022-05-24
📄
accounts-with-accounts-type-full
accounts · AA
2022-03-31
➕
RICE, George appointed
director
2022-03-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2021-10-19
📄
capital-name-of-class-of-shares
capital · SH08
2021-10-07
📄
capital-allotment-shares
capital · SH01
2021-10-06
📄
resolution
resolution · RESOLUTIONS
2021-10-06
📄
memorandum-articles
incorporation · MA
2021-09-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2021-09-21
🔓
Charge satisfied #16
2021-05-28
📄
accounts-with-accounts-type-full
accounts · AA
2020-03-18
➕
O'BRIEN, Christopher Paul appointed
director
2020-01-31
➖
DERRINGTON, Karen resigned
director
2020-01-31
➖
MILTON, Ian Murray resigned
director
2019-09-30
🔓
Charge satisfied #13
2019-03-31
➖
MACPHERSON, Chris resigned
director
2018-06-18
➖
MACFARLANE, Peter Thomas resigned
director
2017-04-25
➖
GUNN, James resigned
director
2016-05-05
➕
SUTHERLAND, John appointed
director
2016-05-05
➕
DERRINGTON, Karen appointed
director
2016-03-28
🔒
Charge registered #16
Lender: Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees
2015-10-30
➖
AUSTIN, Marian Josephine resigned
director
2014-12-04
➕
BELL, Jonathan Richard Miles appointed
secretary
2014-12-04
➖
TODS MURRAY LLP resigned
corporate-secretary
2014-11-28
🔒
Charge registered #15
Lender: Sportscotland
2014-11-06
🔒
Charge registered #14
Lender: Scottish Sports Council Trading as 'Sportscotland'
2011-10-07
🔒
Charge registered #13
Lender: Hsbc Bank PLC
2011-10-07
🔒
Charge registered #12
Lender: Hsbc Bank PLC
2011-10-07
🔒
Charge registered #11
Lender: Hsbc Bank PLC
2011-09-21
🔓
Charge satisfied #9
2011-09-10
🔓
Charge satisfied #8
2011-08-18
🔒
Charge registered #10
Lender: Hsbc Bank PLC
2011-03-29
➕
WILLIAMSON, Craig James appointed
director
2010-07-23
🔓
Charge satisfied #7
2009-04-24
➕
MACFARLANE, Peter Thomas appointed
director

Showing most recent 50 of 83 events

Owner dependency

83/100

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

+Long-tenure founder: Senior director has been in place 38 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 82 years old. Natural succession window is now.
primary20+ year tenure: Director in role 38 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 38 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 med · 1 low

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.

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Fort Nevis Limited holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️

Fort Nevis Limited

Corporate parent · holds 25-50% shares

significant stake

⬇

NEVIS RANGE DEVELOPMENT COMPANY LIMITED

This company · SC113211

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
Fort Nevis Limited Corporate entity	25–50%	—	25-50% shares	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 · Hospitality · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LOCH RANNOCH HIGHLAND CLUB LTD→ SC640740 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
LOCH SHIEL HOTEL (ACHARACLE) LIMITED→ SC448548 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
M&A FOODS (PERTH) LIMITED→ SC824248 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
MIKE & LENA SINGER LTD→ SC408898 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
PERTH RACECOURSE LIMITED→ SC744882 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
PONDFAULD HOLIDAYS LIMITED→ SC256885 · est 2003 · no financials extracted	—	—	—	—	22y	—	—
QUAICH HOTELS LIMITED→ SC379717 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
REDFOX HOSPITALITY LIMITED→ SC673326 · est 2020 · no financials extracted	—	—	—	—	5y	—	—
RMACP LTD→ SC773249 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
ROMA OUTSIDE CATERING LTD→ SC822182 · est 2024 · no financials extracted	—	—	—	—	1y	—	—
ROOST CABINS LTD→ SC730435 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
ROSEBURN PROPERTY LIMITED→ SC831948 · est 2024 · no financials extracted	—	—	—	—	1y	—	—

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

Incorporated1988-09-01

Jurisdictionscotland

Primary SIC56101 — Licenced restaurants

Registered office

Nevis Range Mountain Resort

Torlundy

Fort William

PH33 6SQ

Filing status

Accounts

Next due: 2026-07-31

Last made up to: 2024-10-31

Confirmation statement

Next due: 2027-03-20

Last: 2026-03-06

Officers (4 active · 16 resigned)

BELL, Jonathan Richard Miles→

secretary · appointed 2014-12-04

View their other companies + combined net worth →

Active

O'BRIEN, Christopher Paul→

director · ~47y · appointed 2020-03-18

View their other companies + combined net worth →

Active

SUTHERLAND, Ian David→

director · ~82y · appointed 1988-09-01

View their other companies + combined net worth →

Active

SUTHERLAND, John→

director · ~49y · appointed 2016-05-05

View their other companies + combined net worth →

Active

TODS MURRAY LLP→

corporate-secretary · appointed 2004-05-01 · resigned 2014-12-04

Resigned

TODS MURRAY LLP→

corporate-secretary · appointed 1988-09-01 · resigned 2004-05-01

Resigned

AUSTIN, Marian Josephine→

director · ~67y · appointed 1992-12-14 · resigned 2015-10-30

Resigned

DERRINGTON, Karen→

director · ~48y · appointed 2016-05-05 · resigned 2020-01-31

Resigned

GOVAN, David→

director · ~76y · appointed 1998-02-20 · resigned 2007-04-30

Resigned

GUNN, James→

director · ~86y · appointed 1989-06-01 · resigned 2017-04-25

Resigned

HORSBURGH, Leonard Charles→

director · ~86y · appointed 1989-06-01 · resigned 1993-03-14

Resigned

JONES, Ian Quayle→

director · ~85y · resigned 1999-02-26

Resigned

KENNEDY, Alison Mary→

director · ~73y · appointed 1989-06-01 · resigned 1993-03-14

Resigned

MACFARLANE, Peter Thomas→

director · ~68y · appointed 2009-04-24 · resigned 2018-06-18

Resigned

MACPHERSON, Chris→

director · ~55y · appointed 2009-04-24 · resigned 2019-03-31

Resigned

MILTON, Ian Murray→

director · ~81y · appointed 1988-09-01 · resigned 2020-01-31

Resigned

RICE, George→

director · ~75y · appointed 2022-03-31 · resigned 2025-01-21

Resigned

STEVENSON, David Deas→

director · ~85y · resigned 1999-02-26

Resigned

SYKES, Ian Andrew→

director · ~83y · appointed 1988-09-01 · resigned 2022-08-05

Resigned

WILLIAMSON, Craig James→

director · ~68y · appointed 2011-03-29 · resigned 2025-01-17

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:18 of 18 shown

		Type	Properties
outstanding	Highlands and Islands Enterprise	A registered charge	1 property	12/04/2023	—
outstanding	Highlands and Islands Enterprise	A registered charge	—	27/03/2023	—
satisfied	Close Leasing and Its Successors in Title, Permitted Assignees and Permitted Transferees Close Leasing Limited and Its Successors in Title, Permitted Assignees and Permitted Transferees	A registered charge	—	28/03/2016	21/09/2021
outstanding	Sportscotland	A registered charge	1 property	28/11/2014	—
outstanding	Scottish Sports Council Trading as 'Sportscotland'	A registered charge	—	06/11/2014	—
satisfied	HSBC Hsbc Bank PLC	Standard security	1 property	07/10/2011	30/09/2019
outstanding	HSBC Hsbc Bank PLC	Standard security	1 property	07/10/2011	—
outstanding	HSBC Hsbc Bank PLC	Standard security	1 property	07/10/2011	—
outstanding	HSBC Hsbc Bank PLC	Floating charge	1 property	18/08/2011	—
satisfied	Lloyds Banking Group Royal Bank of Scotland PLC	Standard security	1 property	26/06/2008	21/09/2011
satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	05/09/2000	10/09/2011
satisfied	The Scottish Sports Council	Floating charge	1 property	24/02/1997	23/07/2010
satisfied	Royal Scot Leasing Royal Scot Leasing Limited	Standard security	1 property	20/12/1995	01/04/2009
satisfied	Lochaber Lochaber Limited	Floating charge	1 property	25/09/1995	03/04/2009
satisfied	3I Group 3I Group PLC	Bond & floating charge	1 property	25/09/1995	04/07/2000
satisfied	3I Group 3I Group PLC	Bond & floating charge	1 property	25/09/1995	04/07/2000
satisfied	Royal Scot Leasing Royal Scot Leasing LTD	Standard security	1 property	25/01/1989	01/04/2009
satisfied	Royal Scot Leasing Royal Scot Leasing LTD	Bond & floating charge	1 property	23/01/1989	26/09/2000

Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (243 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-03-13

accounts-with-accounts-type-group

accounts · AA

2025-10-31

confirmation-statement-with-updates

confirmation-statement · CS01

2025-03-19

termination-director-company-with-name-termination-date

officers · TM01

2025-01-21

termination-director-company-with-name-termination-date

officers · TM01

2025-01-17

accounts-with-accounts-type-group

accounts · AA

2024-10-30

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-03-19

accounts-with-accounts-type-full

accounts · AA

2023-07-27

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-04-18

confirmation-statement-with-updates

confirmation-statement · CS01

2023-04-12

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2023-04-08

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2023-04-06

mortgage-alter-floating-charge-with-number

mortgage · 466(Scot)

2023-04-06

mortgage-create-with-deed-with-charge-number-charge-creation-date

mortgage · MR01

2023-04-03

termination-director-company-with-name-termination-date

officers · TM01

2022-09-27