A YARN FROM NORTH RONALDSAY LIMITED

🌳Matureactive
SC163514 · private-limited-guarant-nsc · incorporated 1996-02-20
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.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: zombie → mature
  • · Investment thesis: zombie_hold → unclassified
  • · Opportunity score: 70 → 82
  • · Bankability: 75 → 80
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 23.4y old — refinance window within 12 months
What changed my view
Last 30 days

Picture improved over the last 30 days — 3 positive signals vs 1 negative.

  • ↑Lifecycle stage: zombie → mature
  • ·Investment thesis: zombie_hold → unclassified
  • ↑Opportunity score: 70 → 82
  • ↑Bankability: 75 → 80
  • ↓Live charges: 0 → 1
  • +2 more
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: SIC 13990
Sector: Manufacturing
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

1 live charge · oldest 23.4y

65/100
clean up first

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

  • · Oldest live charge is 23.4 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 (72/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (2 active, 10 linked, 8 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
2 connected companies via shared directors
51
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 accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Feb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-29
Average employees00

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
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (35 events)Click to expand
  1. 2025-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2022-09-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2022-09-29
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2022-09-28
    ➖
    SCOTT, Sinclair Tulloch resigned
    director
  8. 2022-09-28
    ➖
    TAIT, Helga resigned
    director
  9. 2021-11-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-02-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-25
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2020-02-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2019-11-28
    ➖
    THOMSON, Albert James Martin resigned
    director
  14. 2019-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2018-10-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  16. 2017-11-17
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2016-11-10
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-04-01
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  19. 2016-02-21
    ➖
    BAYLEY, Norman William resigned
    secretary
  20. 2005-05-12
    ➕
    TULLOCH, Jean appointed
    director
  21. 2004-12-01
    ➖
    TULLOCH, Sandra Thomson resigned
    director
  22. 2003-01-31
    ➖
    CUTT, John William Arthur resigned
    director
  23. 2003-01-31
    ➕
    TULLOCH, Sandra Thomson appointed
    director
  24. 2003-01-21
    🔒
    Charge registered #1
    Lender: Orkney Islands Council
  25. 2000-11-21
    ➕
    BAYLEY, Norman William appointed
    secretary
  26. 2000-11-21
    ➖
    CUTT, John William Arthur resigned
    secretary
  27. 1999-05-01
    ➖
    FIRTH, Howard Nicol resigned
    director
  28. 1999-05-01
    ➕
    SCOTT, Sinclair Tulloch appointed
    director
  29. 1996-02-20
    🏢
    Company incorporated
    As A YARN FROM NORTH RONALDSAY LIMITED
  30. 1996-02-20
    ➕
    MUIR, William Tulloch appointed
    director
  31. 1996-02-20
    ➕
    CUTT, John William Arthur appointed
    secretary
  32. 1996-02-20
    ➕
    CUTT, John William Arthur appointed
    director
  33. 1996-02-20
    ➕
    FIRTH, Howard Nicol appointed
    director
  34. 1996-02-20
    ➕
    TAIT, Helga appointed
    director
  35. 1996-02-20
    ➕
    THOMSON, Albert James Martin appointed
    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 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — 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 78 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 30 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 30 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.)
🔒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-limited-guarant-nsc
Incorporated1996-02-20
Jurisdictionscotland
Primary SIC13990 — SIC 13990

Registered office

8 Albert Street
Kirkwall
Orkney
KW15 1HP

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-03-06
Last: 2026-02-20

Officers (2 active · 8 resigned)

MUIR, William Tulloch→
director · ~78y · appointed 1996-02-20
View their other companies + combined net worth →
Active
TULLOCH, Jean→
director · ~74y · appointed 2005-05-12
View their other companies + combined net worth →
Active
BAYLEY, Norman William→
secretary · appointed 2000-11-21 · resigned 2016-02-21
Resigned
CUTT, John William Arthur→
secretary · appointed 1996-02-20 · resigned 2000-11-21
Resigned
CUTT, John William Arthur→
director · ~100y · appointed 1996-02-20 · resigned 2003-01-31
Resigned
FIRTH, Howard Nicol→
director · ~81y · appointed 1996-02-20 · resigned 1999-05-01
Resigned
SCOTT, Sinclair Tulloch→
director · ~89y · appointed 1999-05-01 · resigned 2022-09-28
Resigned
TAIT, Helga→
director · ~63y · appointed 1996-02-20 · resigned 2022-09-28
Resigned
THOMSON, Albert James Martin→
director · ~93y · appointed 1996-02-20 · resigned 2019-11-28
Resigned
TULLOCH, Sandra Thomson→
director · ~82y · appointed 2003-01-31 · resigned 2004-12-01
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Orkney Islands Council
Floating charge1 property21/01/2003—
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
2026-03-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
termination-director-company-with-name-termination-date
officers · TM01
2022-09-29
termination-director-company-with-name-termination-date
officers · TM01
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-25