IRVINE ENTERPRISES SHETLAND LIMITED

🌳Matureactive
SC136867 · ltd · incorporated 1992-02-27
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
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 31.0y 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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Active trading company with a 64-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 85/100. Strong seller-intent signal (80/100, director aged 64). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 31.0y

70/100
ready

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

  • · Oldest live charge is 31.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
85
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees500600

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
0
filings
Last 90 days
0
filings
Last 180 days
5
filings
  • • 3 officers
  • • 1 confirmation-statement
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (36 events)Click to expand
  1. 2026-03-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2026-03-05
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2026-03-05
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  4. 2026-03-05
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2025-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-08-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-09-13
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-02-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  9. 2023-02-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  10. 2023-02-23
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2023-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2023-02-03
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  13. 2023-01-11
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2022-09-26
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  15. 2022-09-26
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  16. 2022-09-26
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2022-09-06
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-05-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2022-05-04
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  20. 2021-07-05
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2020-04-01
    🔓
    Charge satisfied #2
  22. 2020-02-27
    🔓
    Charge satisfied #1
  23. 2020-01-01
    ➕
    IRVINE, Raewyn Jan appointed
    director
  24. 2005-09-06
    🔒
    Charge registered #2
    Lender: Lloyds Tsb Scotland PLC
  25. 2002-07-29
    ➕
    IRVINE, Raewyn Jan appointed
    secretary
  26. 2002-07-29
    ➖
    IRVINE, George Robert resigned
    secretary
  27. 2002-07-29
    ➖
    IRVINE, George Robert resigned
    director
  28. 1995-06-12
    🔒
    Charge registered #1
    Lender: Tsb Bank Scotland PLC
  29. 1992-03-12
    ➕
    IRVINE, Leslie appointed
    director
  30. 1992-03-12
    ➕
    IRVINE, George Robert appointed
    secretary
  31. 1992-03-12
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  32. 1992-03-12
    ➕
    IRVINE, George Robert appointed
    director
  33. 1992-03-12
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  34. 1992-02-27
    🏢
    Company incorporated
    As IRVINE ENTERPRISES SHETLAND LIMITED
  35. 1992-02-27
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  36. 1992-02-27
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

99/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder name in company name: Company name contains director surname "IRVINE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 34 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

86/100
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 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 34 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 34 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Leslie Irvine
Individual · British · DOB 06/1962 · age 64
50–75%
50–75%board control50-75% shares · 50-75% voting · board control27/02/2017
Mrs Raewyn Jan Irvine
Individual · British · DOB 11/1968 · age 58
25–50%
25–50%board control25-50% shares · 25-50% voting · board control27/02/2017

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

6 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
Incorporated1992-02-27
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Gremista House Gremista Industrial Estate
Gremista
Lerwick
Shetland
ZE1 0PX
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-03-13
Last: 2026-02-27

Officers (3 active · 4 resigned)

IRVINE, Raewyn Jan→
secretary · appointed 2002-07-29
View their other companies + combined net worth →
Active
IRVINE, Leslie→
director · ~64y · appointed 1992-03-12
View their other companies + combined net worth →
Active
IRVINE, Raewyn Jan→
director · ~58y · appointed 2020-01-01
View their other companies + combined net worth →
Active
IRVINE, George Robert→
secretary · appointed 1992-03-12 · resigned 2002-07-29
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1992-02-27 · resigned 1992-03-12
Resigned
IRVINE, George Robert→
director · ~89y · appointed 1992-03-12 · resigned 2002-07-29
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1992-02-27 · resigned 1992-03-12
Resigned

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

Mortgages & charges

2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
satisfied
Lloyds Banking Group
Lloyds Tsb Scotland PLC
Standard security1 property06/09/200501/04/2020
satisfied
Lloyds Banking Group
Tsb Bank Scotland PLC
Bond & floating charge1 property12/06/199527/02/2020

Recent filings (107 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-09
change-person-director-company-with-change-date
officers · CH01
2026-03-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-03-05
change-person-secretary-company-with-change-date
officers · CH03
2026-03-05
change-person-director-company-with-change-date
officers · CH01
2026-03-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-28
confirmation-statement-with-updates
confirmation-statement · CS01
2024-02-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-13
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-28
change-person-director-company-with-change-date
officers · CH01
2023-02-23
change-person-director-company-with-change-date
officers · CH01
2023-02-23
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-02-03