THE EPIC GROUP (SCOTLAND) LIMITED

💤Zombieactive
SC133471 · ltd · incorporated 1991-08-16
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 Aug 2023
Net worth
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

16 live charges · 5 lenders · oldest 34.9y

15/100
under pressure

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

  • · Oldest live charge is 34.9 years old — likely at or near maturity.
  • · 5 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (73/100)

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
50
Lenders & charges
16 charges (16/16 with lender, 16/16 with type)
90
Directors & officers
12 officers (1 active, 12 linked, 5 with DOB)
78
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
7 connected companies via shared directors
66
Filing history
151 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 · accounting standard unknown
Metric2023-08-31

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
1
filing
  • 1 confirmation-statement
Last 90 days
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (72 events)Click to expand
  1. 2025-10-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-24
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-03-24
    🔓
    Charge satisfied #17
  4. 2024-09-30
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-07-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-10-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-03-02
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  10. 2020-10-22
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2020-10-15
    🔒
    Charge registered #17
    Lender: Santander UK PLC as Security Trustee
  12. 2020-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2020-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2020-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2020-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  16. 2020-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  17. 2020-08-31
    🔓
    Charge satisfied #13
  18. 2020-08-31
    🔓
    Charge satisfied #7
  19. 2020-08-31
    🔓
    Charge satisfied #6
  20. 2020-08-31
    🔓
    Charge satisfied #5
  21. 2020-08-31
    🔓
    Charge satisfied #9
  22. 2020-08-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  23. 2020-08-13
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  24. 2020-08-13
    📄
    mortgage-charge-whole-release-with-charge-number
    mortgage · MR05
  25. 2020-08-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2020-08-13
    🔓
    Charge satisfied #4
  27. 2020-08-13
    🔓
    Charge satisfied #2
  28. 2019-09-06
    🔓
    Charge satisfied #14
  29. 2019-09-06
    🔓
    Charge satisfied #12
  30. 2019-09-06
    🔓
    Charge satisfied #8
  31. 2019-09-06
    🔓
    Charge satisfied #3
  32. 2019-08-12
    🔒
    Charge registered #16
    Lender: Together Commercial Finance Limited
  33. 2019-08-06
    🔒
    Charge registered #15
    Lender: Together Commercial Finance Limited
  34. 2017-04-12
    MASON, Catherine Mary resigned
    secretary
  35. 2012-09-03
    MASON, Catherine Mary appointed
    secretary
  36. 2012-09-03
    MORTON FRASER SECRETARIES LIMITED resigned
    corporate-secretary
  37. 2007-05-28
    🔒
    Charge registered #14
    Lender: The Royal Bank of Scotland PLC
  38. 2006-10-06
    🔒
    Charge registered #13
    Lender: The Royal Bank of Scotland PLC
  39. 2006-01-20
    WILSON, Marissa resigned
    secretary
  40. 2006-01-20
    MORTON FRASER SECRETARIES LIMITED appointed
    corporate-secretary
  41. 2005-08-29
    MASON, Catherine Mary resigned
    secretary
  42. 2005-08-29
    WILSON, Marissa appointed
    secretary
  43. 2005-06-01
    COWE, William Duthie resigned
    director
  44. 2005-01-01
    COWE, William Duthie appointed
    director
  45. 2004-11-26
    🔓
    Charge satisfied #11
  46. 2003-11-26
    🔒
    Charge registered #11
    Lender: Macadam Leisure Limited
  47. 2003-11-20
    🔒
    Charge registered #12
    Lender: The Royal Bank of Scotland PLC
  48. 2003-10-27
    🔓
    Charge satisfied #10
  49. 2002-11-15
    🔒
    Charge registered #10
    Lender: Eagle Star Life Assurance Company Limited
  50. 2002-03-26
    MASON, Catherine Mary appointed
    secretary
Showing most recent 50 of 72 events

Owner dependency

93/100
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.
  • +Long-tenure founder: Senior director has been in place 35 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

85/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 35 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 35 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 ·
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 Michael Duthie Wilson
Individual · British · DOB 01/1965 · age 61
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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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
Typeltd
Incorporated1991-08-16
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

2 Union Terrace
Union Terrace
Aberdeen
AB10 1NJ
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2027-04-07
Last: 2026-03-24

Officers (1 active · 11 resigned)

WILSON, Michael Duthie
director · ~61y · appointed 1991-10-01
View their other companies + combined net worth →
Active
MASON, Catherine Mary
secretary · appointed 2012-09-03 · resigned 2017-04-12
Resigned
MASON, Catherine Mary
secretary · appointed 2002-03-26 · resigned 2005-08-29
Resigned
MIDDLETON, Sandra Elizabeth
nominee-secretary · appointed 1991-08-16 · resigned 1991-10-01
Resigned
SHAW, Mark David
secretary · appointed 1991-10-01 · resigned 1993-06-18
Resigned
WILSON, Marissa
secretary · appointed 2005-08-29 · resigned 2006-01-20
Resigned
MORTON FRASER SECRETARIES LIMITED
corporate-secretary · appointed 2006-01-20 · resigned 2012-09-03
Resigned
RAEBURN CHRISTIE CLARK & WALLACE
corporate-secretary · appointed 1993-07-16 · resigned 2002-03-25
Resigned
COLVILLE, David Charles
director · ~58y · appointed 1998-04-02 · resigned 1999-08-29
Resigned
COWE, William Duthie
director · ~59y · appointed 2005-01-01 · resigned 2005-06-01
Resigned
SHAW, James
director · ~81y · appointed 1993-03-09 · resigned 1993-06-18
Resigned
SHAW, Mark David
director · ~58y · appointed 1991-10-01 · resigned 1993-06-18
Resigned

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

Mortgages & charges

16
Total charges
2
Outstanding
1
Active lenders
Status:Lender:16 of 16 shown
TypeProperties
satisfied
Santander
Santander UK PLC as Security Trustee
A registered charge15/10/202024/03/2025
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties12/08/2019
outstanding
Together Money
Together Commercial Finance Limited
A registered charge06/08/2019
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property28/05/200706/09/2019
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property06/10/200631/08/2020
satisfied
Macadam Leisure
Macadam Leisure Limited
Standard security1 property26/11/200326/11/2004
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property20/11/200306/09/2019
satisfied
Eagle Star Life Assurance Company
Eagle Star Life Assurance Company Limited
Bond & floating charge1 property15/11/200227/10/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property26/11/200106/09/2019
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property14/07/199931/08/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property22/03/199931/08/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/07/199831/08/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property30/12/199413/08/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security2 properties27/04/199213/08/2020
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Floating charge1 property20/04/199206/09/2019
satisfied
Eagle Star Life Assurance Company
Eagle Star Life Assurance Company Limited
Mortgage deed1 property08/07/199131/08/2020
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (151 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-10-21
confirmation-statement-with-updates
confirmation-statement · CS01
2025-03-24
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2021-03-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-10-22