MURRAY INVESTMENTS LIMITED

🌳Matureactive
SC144558 · ltd · incorporated 1993-05-25
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 32.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2024
Net worth
£86.5k
book net assets
Opportunity
79/100
Strong
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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
Property-backed borrower with a 73-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (93/100, director aged 73). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 2 lenders · oldest 32.8y

70/100
ready

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

  • · Oldest live charge is 32.8 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

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
5 charges (5/5 with lender, 5/5 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
9 connected companies via shared directors
72
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £86,486

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£86k
↑ 17% YoY
Current Assets
£8k
↑ 32% YoY
Current Liabilities
—
£0£17k£35k£52k£69k£86kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-08-312023-08-31
Total assets£86.5k£74.1k
Current assets£7.9k£5.9k
Net assets£86.5k£74.1k

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
0
filings
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-03-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-05-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-03-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-04-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2021-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2020-08-04
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  7. 2020-07-27
    🔒
    Charge registered #5
    Lender: The Highland Council
  8. 2019-12-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2018-12-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-02-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-09-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2017-09-14
    🔓
    Charge satisfied #1
  13. 2017-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2017-08-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  15. 2017-08-31
    🔓
    Charge satisfied #4
  16. 2017-08-31
    🔓
    Charge satisfied #3
  17. 2017-06-14
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  18. 2017-06-14
    🔓
    Charge satisfied #2
  19. 2016-11-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2016-06-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2007-01-10
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  22. 2006-10-25
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  23. 2002-06-19
    ➖
    FORBES, William Fraser resigned
    director
  24. 1995-06-24
    ➕
    FORBES, William Fraser appointed
    director
  25. 1993-08-06
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  26. 1993-07-09
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  27. 1993-06-07
    ➕
    OFFIN, David Niall appointed
    secretary
  28. 1993-06-07
    ➕
    FORBES, Neil Gordon appointed
    director
  29. 1993-06-07
    ➕
    OFFIN, David Niall appointed
    director
  30. 1993-06-07
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  31. 1993-06-07
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  32. 1993-05-25
    🏢
    Company incorporated
    As MURRAY INVESTMENTS LIMITED
  33. 1993-05-25
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  34. 1993-05-25
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

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
  • +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.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

96/100
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 73 years old. Natural succession window is now.
  • 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

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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Neil Gordon Forbes
Individual · British · DOB 12/1955 · age 71
25–50%
—25-50% shares06/04/2016
Mr David Niall Offin
Individual · British · DOB 09/1953 · age 73
——sig. influencesignificant influence06/04/2016

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
Incorporated1993-05-25
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

Victoria Buildings
High Street
Tain
Ross-Shire
IV19 1AE

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-06-10
Last: 2025-05-27

Officers (3 active · 3 resigned)

OFFIN, David Niall→
secretary · appointed 1993-06-07
View their other companies + combined net worth →
Active
FORBES, Neil Gordon→
director · ~72y · appointed 1993-06-07
View their other companies + combined net worth →
Active
OFFIN, David Niall→
director · ~73y · appointed 1993-06-07
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 1993-05-25 · resigned 1993-06-07
Resigned
FORBES, William Fraser→
director · ~77y · appointed 1995-06-24 · resigned 2002-06-19
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 1993-05-25 · resigned 1993-06-07
Resigned

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

Mortgages & charges

5
Total charges
1
Outstanding
1
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
The Highland Council
A registered charge1 property27/07/2020—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property10/01/200731/08/2017
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property25/10/200631/08/2017
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property06/08/199314/06/2017
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property09/07/199314/09/2017
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-03-27
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-22
accounts-with-accounts-type-micro-entity
accounts · AA
2023-03-02
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2022-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-26
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-08-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-25
accounts-with-accounts-type-micro-entity
accounts · AA
2019-12-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-26