ORKNEY TELEVISION ENTERPRISE

🌳Matureactive
SC158081 · private-unlimited · incorporated 1995-05-18
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 30.7y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Retail sale of electrical household appliances in specialised stores
Sector: Wholesale & retail
ALSO REGISTERED FOR
  • 68209Other letting and operating of own or leased real estate
Investor take
Pursue
Active trading company with a 62-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 70/100. Strong seller-intent signal (70/100, director aged 62). 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

4 live charges · oldest 30.7y

65/100
clean up first

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

  • · Oldest live charge is 30.7 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 (58/100)

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
No iXBRL financials extracted
0
Lenders & charges
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
6 officers (3 active, 6 linked, 4 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
48 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.

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 (30 events)Click to expand
  1. 2024-08-15
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  2. 2024-08-13
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  3. 2024-08-13
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  4. 2024-08-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2024-08-12
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  6. 2024-08-07
    ➖
    DEARNESS, Frances May Fallon resigned
    director
  7. 2016-06-21
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  8. 2015-06-11
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  9. 2014-06-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2013-05-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2012-07-04
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2011-12-07
    📄
    appoint-person-director-company-with-name
    officers · AP01
  13. 2011-11-01
    ➕
    MCLENNAN, Amanda Ann appointed
    director
  14. 2011-05-26
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2010-06-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2010-06-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2009-06-15
    📄
    legacy
    annual-return · 363a
  19. 2008-06-09
    📄
    legacy
    annual-return · 363a
  20. 1999-03-01
    ➕
    MCLENNAN, Norman Spence Nicol appointed
    secretary
  21. 1999-03-01
    ➖
    MCLENNAN, Frances May Fallon resigned
    secretary
  22. 1998-11-20
    ➕
    DEARNESS, Frances May Fallon appointed
    director
  23. 1997-11-20
    ➖
    MCLENNAN, Eric Nicol resigned
    director
  24. 1996-11-29
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  25. 1996-11-29
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  26. 1995-08-14
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  27. 1995-05-18
    🏢
    Company incorporated
    As ORKNEY TELEVISION ENTERPRISE
  28. 1995-05-18
    ➕
    MCLENNAN, Norman Spence Nicol appointed
    director
  29. 1995-05-18
    ➕
    MCLENNAN, Frances May Fallon appointed
    secretary
  30. 1995-05-18
    ➕
    MCLENNAN, Eric Nicol appointed
    director

Owner dependency

84/100
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 31 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 62. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 31 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 31 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.)

Group structure

Mclennan Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mclennan Holdings Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
ORKNEY TELEVISION ENTERPRISE
This company · SC158081

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mclennan Holdings Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control07/08/2024
1 historic (ceased) PSC
  • Mrs Frances May Fallon Dearnessceased 07/08/2024· 25-50% shares

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
Typeprivate-unlimited
Incorporated1995-05-18
Jurisdictionscotland
Primary SIC47540 — Retail sale of electrical household appliances in specialised stores

Registered office

17 Broad Street
Kirkwall
Isle Of Orkney
KW15 1DH

Filing status

Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: 2026-06-01
Last: 2025-05-18

Officers (3 active · 3 resigned)

MCLENNAN, Norman Spence Nicol→
secretary · appointed 1999-03-01
View their other companies + combined net worth →
Active
MCLENNAN, Amanda Ann→
director · ~56y · appointed 2011-11-01
View their other companies + combined net worth →
Active
MCLENNAN, Norman Spence Nicol→
director · ~62y · appointed 1995-05-18
View their other companies + combined net worth →
Active
MCLENNAN, Frances May Fallon→
secretary · appointed 1995-05-18 · resigned 1999-03-01
Resigned
DEARNESS, Frances May Fallon→
director · ~64y · appointed 1998-11-20 · resigned 2024-08-07
Resigned
MCLENNAN, Eric Nicol→
director · ~88y · appointed 1995-05-18 · resigned 1997-11-20
Resigned

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

Mortgages & charges

4
Total charges
4
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property12/08/2024—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/11/1996—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property29/11/1996—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property14/08/1995—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (48 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-06-02
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-08-15
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-08-13
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-08-13
termination-director-company-with-name-termination-date
officers · TM01
2024-08-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-05-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-06-21
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-06-11