KINGS ARMS HOTEL LIMITED

🌳Matureactive

SC146537 · ltd · incorporated 1993-09-16

Investment thesis

Established operating company — standard diligence applies, no dominant angle.

Why interesting: Live, filing, normal profile.

Why risky: No standout signals in either direction.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 32.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Nov 2025

Net worth

£11.9k

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pursue

Active trading company with a 72-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 75/100. Strong seller-intent signal (83/100, director aged 72). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 32.2y

50/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 32.2 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (76/100)

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

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

6 officers (3 active, 6 linked, 2 with DOB)

Ownership & PSC

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

Director network

Network not yet resolved

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

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

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 £11,941

Net assets shrinking

Down £27,547 YoY

Cash YoY

-3%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£219k

↓ 2.8% YoY

Net Worth

£12k

↓ 70% YoY

Current Assets

£227k

↓ 2.3% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-11-30	2024-11-30
Total assets	£21.8k	£49.8k
Current assets	£227.4k	£232.8k
Cash	£219.0k	£225.3k
Debtors	£1.0k	—
Net assets	£11.9k	£39.5k

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

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (28 events)Click to expand

2026-01-16
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-20
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-20
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-28
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-03-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-02-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-02-23
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accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-02-02
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accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-02-15
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-09-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-02-23
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-09-22
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-02-11
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2008-07-24
➕
FULTON, David Andrew James appointed
secretary
2008-07-24
➖
MYLES, Robert Ritchie resigned
secretary
1994-01-31
🔒
Charge registered #3
Lender: David Fulton and Another
1994-01-31
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
1994-01-31
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1993-12-07
➕
FULTON, David Andrew James appointed
director
1993-12-07
➕
FULTON, Pauline appointed
director
1993-12-07
➕
MYLES, Robert Ritchie appointed
secretary
1993-12-07
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1993-12-07
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1993-09-16
🏢
Company incorporated
As KINGS ARMS HOTEL LIMITED
1993-09-16
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1993-09-16
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

Owner dependency

91/100

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 32 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 72 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 72 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 32 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

Name	Shares	Voting rights	Nature of control	Notified
David Andrew James Fulton Individual · British · DOB 09/1954 · age 72	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Pauline Fulton Individual · British · DOB 02/1961 · age 65	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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BORDER CARAVANS LIMITED→ SC245575 · est 2003	—	—	£3.16M	—	23y	83	78y
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BARNCROSH LEISURE COMPANY LIMITED→ SC060878 · est 1976	—	—	£349.0k	—	49y	82	67y
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MACDONALD THORNTON LIMITED→ SC291749 · est 2005	—	—	£534.3k	—	20y	82	63y
REDBURN HOUSE LIMITED→ SC224730 · est 2001	—	—	—	300	24y	82	69y
THE GRETNA INN HOTEL LIMITED→ SC841199 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
THE MARINA HOTEL (MCKEOWN) LIMITED→ SC717159 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
THE NEW STEAMBOAT LIMITED→ SC454150 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
THE OLD BANK RESTAURANT LIMITED→ SC333701 · est 2007 · no financials extracted	—	—	—	—	18y	—	—
THE POWFOOT GOLF HOTEL (ANNAN) LIMITED→ SC523172 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
THE ROLLING DOUGH LTD→ SC777520 · est 2023 · no financials extracted	—	—	—	—	2y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

8 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.

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Company details

Statusactive

Typeltd

Incorporated1993-09-16

Jurisdictionscotland

Primary SIC55100 — Hotels and similar accommodation

Registered office

31-33 St. Andrew Street

Castle Douglas

Kirkcudbrightshire

DG7 1EL

Filing status

Accounts

Next due: 2027-08-31

Last made up to: 2025-11-30

Confirmation statement

Next due: 2026-09-30

Last: 2025-09-16

Officers (3 active · 3 resigned)

FULTON, David Andrew James→

secretary · appointed 2008-07-24

View their other companies + combined net worth →

Active

FULTON, David Andrew James→

director · ~72y · appointed 1993-12-07

View their other companies + combined net worth →

Active

FULTON, Pauline→

director · ~65y · appointed 1993-12-07

View their other companies + combined net worth →

Active

MYLES, Robert Ritchie→

secretary · appointed 1993-12-07 · resigned 2008-07-24

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1993-09-16 · resigned 1993-12-07

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1993-09-16 · resigned 1993-12-07

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:3 of 3 shown

		Type	Properties
outstanding	David Fulton and Another	Standard security	1 property	31/01/1994	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	31/01/1994	—
outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	Floating charge	1 property	31/01/1994	—

Click column headers to sort. Use filters above to narrow by status and lender.