PITTODRIE GROUP LIMITED

🌳Matureactive

SC138396 · ltd · incorporated 1992-05-21

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

hardening · 12-months

Already tight — no obvious softening catalysts on the horizon.

· Thesis: well-run, low negotiation leverage

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Sept 2024

Net worth

£1.01M

book net assets

Opportunity

78/100

Strong

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What this business does

Primary activity: Activities of head offices

Sector: Professional, scientific & technical

Investor take

Pursue

Asset-holding vehicle with a 69-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 77/100. Strong seller-intent signal (78/100, director aged 69). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 33.6y

35/100

too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

· Oldest live charge is 33.6 years old — likely at or near maturity.
· 3 lenders named — inter-creditor friction likely.
· Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (84/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

7 charges (7/7 with lender, 7/7 with type)

Directors & officers

15 officers (3 active, 15 linked, 12 with DOB)

Ownership & PSC

1 active PSC(s) of 2 total, 2 with control declared

Director network

17 connected companies via shared directors

Filing history

157 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

78/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

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 £1,015,000

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£1.0m

~ YoY

Current Assets

£504k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-09-26	2023-09-28
Total assets	£1.01M	£1.01M
Current assets	£504.0k	£504.0k
Net assets	£1.01M	£1.01M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (63 events)Click to expand

2025-06-20
📄
change-person-director-company-with-change-date
officers · CH01
2025-06-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-06-04
📄
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2025-06-03
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-05-20
📄
change-person-secretary-company-with-change-date
officers · CH03
2025-05-16
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-05-15
📄
change-person-director-company-with-change-date
officers · CH01
2025-05-15
📄
change-person-director-company-with-change-date
officers · CH01
2024-12-30
📍
move-registers-to-registered-office-company-with-new-address
address · AD04
2024-06-21
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
📄
mortgage-satisfy-charge-full
mortgage · MR04
2024-02-21
🔓
Charge satisfied #7
2024-02-21
🔓
Charge satisfied #6
2024-02-21
🔓
Charge satisfied #5
2024-02-21
🔓
Charge satisfied #4
2024-02-21
🔓
Charge satisfied #3
2024-02-21
🔓
Charge satisfied #2
2024-02-21
🔓
Charge satisfied #1
2023-10-23
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-06-13
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-12-06
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-05
➖
CARTER, Phil resigned
director
2022-10-24
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-10-20
➕
GILLIES, Hugh appointed
director
2022-01-19
➕
FRASER, Robert Gordon appointed
director
2022-01-07
➕
CARTER, Phil appointed
director
2022-01-07
➖
FALLS, Aaron Peter resigned
director
2021-05-19
➕
FALLS, Aaron Peter appointed
director
2021-05-19
➖
FRASER, Robert Gordon resigned
director
2020-08-24
🔒
Charge registered #7
Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
2020-08-24
🔒
Charge registered #6
Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
2020-08-24
🔒
Charge registered #5
Lender: Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)
2019-05-31
➖
MCBURNIE, Jason resigned
director
2017-02-17
➕
MCBURNIE, Jason appointed
director
2010-10-29
🔒
Charge registered #4
Lender: Bank of Scotland PLC
2010-10-29
🔒
Charge registered #3
Lender: Bank of Scotland PLC
2010-10-29
🔒
Charge registered #2
Lender: Bank of Scotland PLC
2010-07-06
➖
MACDONALD, Donald John resigned
director
2009-10-01
➕
FRASER, Robert Gordon appointed
director
2009-10-01
➖
LAING, David Kemlo resigned
director
2009-10-01
➖
SMITH, George Robert Theodore resigned
director
2008-04-11
➖
SMITH, Gerard Henry resigned
director
2005-03-31
➖
BUSBY, James George William resigned
director
2001-08-21
➖
CHRISTIE, Scott Sommervaille resigned
director

Showing most recent 50 of 63 events

Owner dependency

73/100

High — earn-out structure required

Material 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 69 — succession pressure is live.

Succession & seller-readiness

66/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
secondaryStable-but-static management: Company is 34 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.

Group structure

Macdonald Hotels And Resorts Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Macdonald Hotels And Resorts Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

PITTODRIE GROUP LIMITED

This company · SC138396

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Macdonald Hotels And Resorts Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	05/05/2023

1 historic (ceased) PSC

Hsdl Nominees Limitedceased 05/05/2023· 75-100% shares · 75-100% voting · board control

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 · Professional services · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCGHEE GROUP LIMITED→ SC362390 · est 2009	£20.62M £15.19M–£26.04M	—	—	—	16y	87	67y
I3WORKS LTD→ SC477423 · est 2014	£16.71M £12.31M–£21.11M	£38.15M	—	14200	12y	92	61y
24/26 HOLDINGS LTD→ SC470528 · est 2014	£4.81M £3.54M–£6.07M	—	—	26	12y	85	67y
INTERLOCK INVESTMENTS LIMITED→ SC057982 · est 1975	£3.26M £2.40M–£4.11M	—	—	20	50y	84	72y
SKYVISION INTERNATIONAL LIMITED→ SC153156 · est 1994	£837.2k £616.9k–£1.06M	£680.4k	—	100	31y	88	65y
ACCU-TECH SYSTEMS LIMITED→ SC223891 · est 2001	£22.3k £16.4k–£28.2k	£413.2k	—	300	24y	85	58y
'A' FLIGHT AVIATION LIMITED→ SC157855 · est 1995	—	—	£6.9k	—	31y	83	72y
ADVANCED ASSET CONSULTANTS LIMITED→ SC362302 · est 2009	—	—	—	13	16y	83	63y
AKELA PLANT HIRE LTD→ SC313584 · est 2006	—	—	£1.69M	—	19y	83	58y
ANDERSON KNIGHT LIMITED→ SC214850 · est 2001	—	—	—	2300	25y	83	63y
ASSISTING SUCCESS LIMITED→ SC294900 · est 2005	—	—	£29.2k	—	20y	83	62y
BIO-IMAGES DRUG DELIVERY LTD→ SC383233 · est 2010	—	—	—	0	15y	83	82y

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

Incorporated1992-05-21

Jurisdictionscotland

Primary SIC70100 — Activities of head offices

Registered office

Crutherland House And Spa

Strathaven Road

East Kilbride

G75 0QJ

United Kingdom

Filing status

Accounts

Next due: 2026-06-26

Last made up to: 2024-09-26

Confirmation statement

Next due: 2027-04-14

Last: 2026-03-31

Officers (3 active · 12 resigned)

FRASER, Robert Gordon→

secretary · appointed 2001-04-20

View their other companies + combined net worth →

Active

FRASER, Robert Gordon→

director · ~69y · appointed 2022-01-19

View their other companies + combined net worth →

Active

GILLIES, Hugh→

director · ~34y · appointed 2022-10-20

View their other companies + combined net worth →

Active

LEDINGHAM CHALMERS→

corporate-nominee-secretary · appointed 1992-05-21 · resigned 2001-04-20

Resigned

BUSBY, James George William→

director · ~78y · appointed 1992-08-18 · resigned 2005-03-31

Resigned

CARTER, Phil→

director · ~41y · appointed 2022-01-07 · resigned 2022-12-05

Resigned

CHRISTIE, Scott Sommervaille→

director · ~61y · appointed 2001-04-20 · resigned 2001-08-21

Resigned

FALLS, Aaron Peter→

director · ~47y · appointed 2021-05-19 · resigned 2022-01-07

Resigned

FRASER, Robert Gordon→

director · ~69y · appointed 2009-10-01 · resigned 2021-05-19

Resigned

LAING, David Kemlo→

director · ~73y · appointed 1992-08-18 · resigned 2009-10-01

Resigned

MACDONALD, Donald John→

director · ~79y · appointed 1992-08-18 · resigned 2010-07-06

Resigned

MCBURNIE, Jason→

director · ~48y · appointed 2017-02-17 · resigned 2019-05-31

Resigned

SMITH, George Robert Theodore→

director · ~76y · appointed 1992-08-04 · resigned 2009-10-01

Resigned

SMITH, Gerard Henry→

director · ~76y · appointed 1992-08-18 · resigned 2008-04-11

Resigned

DURANO LIMITED→

corporate-nominee-director · appointed 1992-05-21 · resigned 1992-08-04

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:7 of 7 shown

		Type	Properties
satisfied	Lloyds Banking Group Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)	A registered charge	1 property	24/08/2020	21/02/2024
satisfied	Lloyds Banking Group Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)	A registered charge	—	24/08/2020	21/02/2024
satisfied	Lloyds Banking Group Bank of Scotland PLC as Agent and Security Trustee for Each of the Secured Parties (As Defined in the Instrument Appended to This MR01)	A registered charge	—	24/08/2020	21/02/2024
satisfied	Lloyds Banking Group Bank of Scotland PLC	Share pledge	1 property	29/10/2010	21/02/2024
satisfied	Lloyds Banking Group Bank of Scotland PLC	Debenture	1 property	29/10/2010	21/02/2024
satisfied	Lloyds Banking Group Bank of Scotland PLC	Bond & floating charge	1 property	29/10/2010	21/02/2024
satisfied	Lloyds Banking Group The Governor and Company of the Bank of Scotland	Bond & floating charge	1 property	16/10/1992	21/02/2024

Recent filings (157 total)

confirmation-statement-with-no-updates

confirmation-statement · CS01

2026-04-07

change-person-director-company-with-change-date

officers · CH01

2025-06-20

accounts-with-accounts-type-micro-entity

accounts · AA

2025-06-13

second-filing-of-confirmation-statement-with-made-up-date

confirmation-statement · RP04CS01

2025-06-04

cessation-of-a-person-with-significant-control

persons-with-significant-control · PSC07

2025-06-03

change-person-secretary-company-with-change-date

officers · CH03

2025-05-20

notification-of-a-person-with-significant-control

persons-with-significant-control · PSC02

2025-05-16

change-person-director-company-with-change-date

officers · CH01

2025-05-15

change-person-director-company-with-change-date

officers · CH01

2025-05-15

confirmation-statement-with-no-updates

confirmation-statement · CS01

2025-04-10

move-registers-to-registered-office-company-with-new-address

address · AD04

2024-12-30

accounts-with-accounts-type-micro-entity

accounts · AA

2024-06-21

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-04-04

mortgage-satisfy-charge-full

mortgage · MR04

2024-02-21

mortgage-satisfy-charge-full

mortgage · MR04

2024-02-21