CAIRNHILL LIMITED
🌳Matureactive
SC149949 · ltd · incorporated 1994-03-29
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 31.6y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Apr 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
- 41201Construction of commercial buildings
Investor take
PursueActive trading company with a 88-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 88). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 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 · oldest 31.6y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 31.6 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (77/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 3 with DOB)
82
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
77 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 accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-04-30 | 2024-04-30 |
|---|
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
3
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 persons-with-significant-control
Last 90 days
4
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 persons-with-significant-control
Last 180 days
4
filings
- • 1 confirmation-statement
- • 1 officers
- • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
- 2026-04-23📄change-person-director-company-with-change-dateofficers · CH01
- 2026-04-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2026-01-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2025-01-17📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-09-27📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-03-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC01
- 2023-03-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-01-18📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2021-02-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2020-01-24📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2019-02-14📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-02-14🔓Charge satisfied #2
- 2019-01-22📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2018-01-31📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-01-12📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2004-04-01➖LOWE, Gillian Macdonald resigneddirector
- 1997-03-06🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1994-09-27🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1994-09-22🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1994-03-29🏢Company incorporatedAs CAIRNHILL LIMITED
- 1994-03-29➕MACDONALD, Alpin Iain appointedsecretary
- 1994-03-29➕MACDONALD, Alpin Iain appointeddirector
- 1994-03-29➕MACDONALD, Anne Munro appointeddirector
- 1994-03-29➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1994-03-29➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1994-03-29➕LOWE, Gillian Macdonald appointeddirector
Owner dependency
91/100
Critical — business is the founderThe 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 88 — 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 candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 88 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 32 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
cleanNo 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 |
|---|---|---|---|---|
Mrs Anne Munro Macdonald Individual · British · DOB 04/1944 · age 82 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 27/03/2023 |
Mr Alpin Iain Macdonald Individual · British · DOB 01/1938 · age 88 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 01/06/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| ALASDAIR I CAMPBELL LIMITED→ SC338178 · est 2008 · no financials extracted | — | — | — | — | 18y | — | — |
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| C MAC JOINERY LTD→ SC702895 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| CALTECH LTD→ SC804486 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CAMPBELL & SON ROOFING LTD→ SC636321 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| CAPSTONE CONSTRUCTION SCOTLAND LIMITED→ SC224032 · est 2001 · no financials extracted | — | — | — | — | 24y | — | — |
| CBLACK LTD→ SC795175 · est 2024 · no financials extracted | — | — | — | — | 2y | — | — |
| CHALMERS ELECTRICAL CONTRACTORS LTD→ SC863966 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
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
Incorporated1994-03-29
Jurisdictionscotland
Primary SIC41100 — Development of building projects
Registered office
8a Glenglass Road
Evanton
Highland
IV16 9YN
Filing status
Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2027-04-11
Last: 2026-03-28
Officers (3 active · 2 resigned)
MACDONALD, Alpin Iain→
Activesecretary · appointed 1994-03-29
View their other companies + combined net worth →
MACDONALD, Alpin Iain→
Activedirector · ~88y · appointed 1994-03-29
View their other companies + combined net worth →
MACDONALD, Anne Munro→
Activedirector · ~82y · appointed 1994-03-29
View their other companies + combined net worth →
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1994-03-29 · resigned 1994-03-29
LOWE, Gillian Macdonald→
Resigneddirector · ~56y · appointed 1994-03-29 · resigned 2004-04-01
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 06/03/1997 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 27/09/1994 | 14/02/2019 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 22/09/1994 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (77 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-23
change-person-director-company-with-change-date
officers · CH01
2026-04-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-04-23
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2026-01-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-27
confirmation-statement-with-updates
confirmation-statement · CS01
2023-03-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2023-03-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-03-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-01-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-01-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-29