KEITH & DUFFTOWN RAILWAY ASSOCIATION

🌳Matureactive

SC157099 · private-limited-guarant-nsc-limited-exemption · incorporated 1995-04-01

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

approaching window · 12-months

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

· Oldest live charge 25.9y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 49100

Sector: Transportation & storage

Investor take

Pursue

Active trading company with a 82-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 85/100. Strong seller-intent signal (63/100, director aged 82). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 25.9y

65/100

clean up first

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

· Oldest live charge is 25.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (57/100)

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

No iXBRL financials extracted

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

62 officers (8 active, 62 linked, 54 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

194 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Recent activity

Last 30 days

filing

• 1 confirmation-statement

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filings

• 3 officers
• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (139 events)Click to expand

2025-12-01
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-11-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-15
➕
CHAPMAN, Stuart John appointed
director
2025-11-15
➕
LINFIELD, Paul Anthony appointed
director
2025-11-15
➖
LANGFORD, Michael Owen resigned
director
2025-09-23
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-02-10
➖
GUNN, George resigned
director
2025-02-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-01-31
➖
MILLAR, Norman Dougall resigned
director
2024-12-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
➖
ENRIGHT, Jonathan resigned
director
2023-11-30
➕
GUNN, George appointed
director
2023-11-30
➖
KING, Lawrence Norman resigned
director
2023-11-30
➕
MILLAR, Norman Dougall appointed
director
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-12-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-02
➕
GORDON, Peter Wilson appointed
director
2022-11-02
➕
MOIR, Alan appointed
director
2022-11-02
➕
SLOAN, Phineas appointed
director
2022-11-02
➖
FURR, Rodney David resigned
director
2022-11-02
➖
HASSALL, Renee Caroline Manuela resigned
director
2022-11-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-02
📄
termination-director-company-with-name-termination-date
officers · TM01
2022-11-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-11-02
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-15
➖
NISBET, Douglas James resigned
director
2022-02-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2021-12-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-14
➕
ENRIGHT, Jonathan appointed
director
2020-11-14
➕
NISBET, Douglas James appointed
director
2020-11-14
➖
STUART, Sybil Alexa resigned
director
2020-08-04
➖
ANGUS, Benjamin David resigned
director
2019-11-09
➕
HASSALL, Renee Caroline Manuela appointed
secretary
2019-11-09
➕
CROWE, Bruce appointed
director
2019-11-09
➖
BALMER, Robert Edward resigned
secretary
2019-11-09
➖
BALMER, Robert Edward resigned
director
2019-11-09
➖
BODIAM, Nigel John David resigned
director
2019-11-09
➕
FURR, Rodney David appointed
director
2019-11-09
➕
HASSALL, Renee Caroline Manuela appointed
director
2019-11-09
➖
MCKENZIE, Ian Rome Innes resigned
director
2018-10-13
➕
ANGUS, Benjamin David appointed
director
2018-10-13
➖
RHODES, Stephen Ford resigned
director
2016-10-08
➕
BALMER, Robert Edward appointed
secretary

Showing most recent 50 of 139 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 82 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 82 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 18 years.
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

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mrs Renee Caroline Manuela Hassall Individual · British · DOB 09/1947 · age 79	—	—	sig. influencesignificant influence	16/11/2019

1 historic (ceased) PSC

Mr Robert Edward Balmerceased 09/11/2019· significant influence · firm interest

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 · Transport & logistics · AB postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
MCPHERSON LIMITED→ SC218508 · est 2001	£12.64M £9.48M–£15.81M	—	—	46800	25y	84	71y
STREAMLINE SHIPPING AGENCIES LIMITED→ SC073938 · est 1981	£5.76M £4.32M–£7.20M	£41.24M	—	24500	45y	85	74y
ALP (SCOTLAND) LIMITED→ SC261031 · est 2003	—	—	£246.4k	—	22y	83	61y
BOX POOL SOLUTIONS LIMITED→ SC286718 · est 2005	—	—	£2.66M	—	20y	83	77y
CALEY COLD STORE LIMITED→ SC270634 · est 2004	—	—	£3.28M	—	21y	83	73y
ENLIM (SCOTLAND) LTD.→ SC248672 · est 2003	—	—	—	500	22y	83	62y
HARBOUR HAULAGE LIMITED→ SC202822 · est 2000	—	—	£951.9k	—	26y	83	62y
SHETLAND LINE 1984 LIMITED→ SC088013 · est 1984	—	—	—	0	41y	83	74y
PREMIER COACHES (KINTORE) LIMITED→ SC364464 · est 2009 · no financials extracted	—	—	—	—	16y	—	—
SEA-CARGO ABERDEEN LIMITED→ SC310601 · est 2006 · no financials extracted	—	—	—	—	19y	—	—
TRABAZ DELIVERY LTD→ SC755597 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
V.G. MATHERS LIMITED→ SC151520 · est 1994 · no financials extracted	—	—	—	—	31y	—	—

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.

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Company details

Statusactive

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1995-04-01

Jurisdictionscotland

Primary SIC49100 — SIC 49100

Registered office

Dufftown Station

Dufftown

Banffshire

AB55 4BA

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-04-15

Last: 2026-04-01