IN EXTREMIS LIMITED

🌳Matureactive
SC142085 · ltd · incorporated 1993-01-14
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 Mar 2025
Net worth
£61.2k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Operation of sports facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -59% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 31.8y

45/100
under pressure

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

  • · Oldest live charge is 31.8 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · 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, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 3 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
101 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £61,245
Net assets shrinking
Down £21,729 YoY
Cash draining
Cash down 59% YoY
Cash YoY
-59%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£59k
↓ 59% YoY
Net Worth
£61k
↓ 26% YoY
Current Assets
£93k
↓ 49% YoY
Current Liabilities
—
£0£36k£73k£109k£146k£182kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£61.2k£83.0k
Current assets£93.1k£182.5k
Cash£58.5k£141.8k
Debtors£9.2k£15.9k
Net assets£61.2k£83.0k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (26 events)Click to expand
  1. 2025-12-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-01-19
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2020-12-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2019-11-18
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-12-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-12-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-09-01
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2016-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-08-22
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  14. 2016-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2016-08-22
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2009-10-01
    ➖
    MAYES, Alexander Thomson resigned
    director
  17. 1994-07-14
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  18. 1993-01-19
    ➕
    LAWSON, Derek appointed
    secretary
  19. 1993-01-19
    ➕
    LAWSON, Derek appointed
    director
  20. 1993-01-19
    ➕
    MACKAY, Neil Langmuir appointed
    director
  21. 1993-01-19
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  22. 1993-01-19
    ➕
    MAYES, Alexander Thomson appointed
    director
  23. 1993-01-19
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  24. 1993-01-14
    🏢
    Company incorporated
    As IN EXTREMIS LIMITED
  25. 1993-01-14
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  26. 1993-01-14
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

76/100
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.
  • +Long-tenure founder: Senior director has been in place 33 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.

Succession & seller-readiness

76/100
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.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 33 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 33 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 Derek Lawson
Individual · Scottish · DOB 04/1965 · age 61
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016
Mr Neil Langmuir Mackay
Individual · British · DOB 03/1965 · age 61
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

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 · Leisure & entertainment · G postcode area
CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
STEWART TRAVEL LIMITED→
SC400502 · est 2011
£30.04M
£23.36M–£36.72M
£109.39M—3600014y9168y
IF ONLY HOLIDAYS LIMITED→
SC268032 · est 2004
£4.61M
£3.59M–£5.64M
——590021y8569y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→
SC400717 · est 2011
£3.2k
£2.5k–£3.9k
——014y9366y
ALLAN GLEN'S SPORTS CLUB LIMITED→
SC117858 · est 1989
——£1.9k—37y8388y
D. & D. AMUSEMENTS LTD.→
SC196522 · est 1999
——£120.9k—26y8368y
FACT THREE→
SC319714 · est 2007
——£168.8k—19y8373y
GREENACRES CURLING LTD.→
SC200546 · est 1999
———120026y8377y
SCOTTISH JEWISH ARCHIVES CENTRE→
SC210878 · est 2000
——£120.5k—25y8379y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→
SC016172 · est 1930 · no financials extracted
————95y8375y
THE ANTONINE SPORTS CENTRE→
SC144453 · est 1993
——£199.7k—32y8386y
THE GLADIATOR PROGRAMME LIMITED→
SC214238 · est 2000 · no financials extracted
————25y8374y
WESTERN LAWN TENNIS COMPANY, LIMITED→
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————103y8376y
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
Incorporated1993-01-14
Jurisdictionscotland
Primary SIC93110 — Operation of sports facilities

Registered office

C/O Glasgow Climbing Centre
534 Paisley Road West (Ibrox
Church) Ibrox
Glasgow
G51 1RN

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-01-15
Last: 2026-01-01

Officers (3 active · 3 resigned)

LAWSON, Derek→
secretary · appointed 1993-01-19
View their other companies + combined net worth →
Active
LAWSON, Derek→
director · ~61y · appointed 1993-01-19
View their other companies + combined net worth →
Active
MACKAY, Neil Langmuir→
director · ~61y · appointed 1993-01-19
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1993-01-14 · resigned 1993-01-19
Resigned
MAYES, Alexander Thomson→
director · ~73y · appointed 1993-01-19 · resigned 2009-10-01
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1993-01-14 · resigned 1993-01-19
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property14/07/1994—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (101 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-01-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-01-07
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-17
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2021-01-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-01-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-12-08
confirmation-statement-with-updates
confirmation-statement · CS01
2020-01-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-18