KESTREL INNS LIMITED

💤Zombieactive
SC166916 · ltd · incorporated 1996-07-10
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
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Turnover
year to Aug 2024
Net worth
£285.9k
book net assets
Opportunity
79/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 67/100. Strong seller-intent signal (93/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

7 live charges · 3 lenders · oldest 29.0y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 29.0 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (79/100)

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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 5 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
92 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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 £285,852
Net assets shrinking
Down £22,113 YoY
Cash YoY
-28%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£115k
↓ 28% YoY
Net Worth
£286k
↓ 7.2% YoY
Current Assets
£116k
↓ 34% YoY
Current Liabilities
£0£62k£123k£185k£246k£308kAug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-08-312023-08-31
Total assets£299.2k£331.0k
Current assets£116.1k£175.4k
Cash£115.2k£160.5k
Debtors£820£14.9k
Net assets£285.9k£308.0k

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 mortgage
Last 180 days
1
filing
  • 1 mortgage
Counts from Companies House filing history.
Corporate timeline (41 events)Click to expand
  1. 2026-02-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-02-19
    🔓
    Charge satisfied #6
  3. 2025-08-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2024-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2023-03-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  7. 2022-08-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2020-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-07-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2019-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-09-09
    GRAHAM, Jack resigned
    director
  13. 2018-05-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-05-24
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-05-02
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2015-07-15
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-05-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-11-02
    GRAHAM, Kenneth resigned
    director
  19. 2010-01-01
    GRAHAM, Kenneth appointed
    director
  20. 2008-02-22
    🔓
    Charge satisfied #5
  21. 2008-02-01
    🔓
    Charge satisfied #4
  22. 2008-02-01
    🔓
    Charge satisfied #3
  23. 2008-02-01
    🔓
    Charge satisfied #2
  24. 2008-01-25
    🔒
    Charge registered #7
    Lender: The Royal Bank of Scotland PLC
  25. 2007-12-03
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  26. 2007-10-01
    GRAHAM, Jack appointed
    director
  27. 2007-10-01
    GRAHAM, Kenneth resigned
    director
  28. 1999-06-17
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  29. 1999-06-07
    🔓
    Charge satisfied #1
  30. 1999-05-31
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  31. 1998-10-21
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  32. 1997-06-10
    🔒
    Charge registered #2
    Lender: Carlsberg-Tetley Alloa Limited
  33. 1997-05-08
    🔒
    Charge registered #1
    Lender: Carlsberg-Tetley Alloa Limited
  34. 1996-07-10
    🏢
    Company incorporated
    As KESTREL INNS LIMITED
  35. 1996-07-10
    GRAHAM, Gordon appointed
    secretary
  36. 1996-07-10
    GRAHAM, Gordon appointed
    director
  37. 1996-07-10
    REID, Brian appointed
    nominee-secretary
  38. 1996-07-10
    REID, Brian resigned
    nominee-secretary
  39. 1996-07-10
    GRAHAM, Kenneth appointed
    director
  40. 1996-07-10
    MABBOTT, Stephen appointed
    nominee-director
  41. 1996-07-10
    MABBOTT, Stephen resigned
    nominee-director

Owner dependency

100/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 30 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100
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 70 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Gordon Graham
Individual · British · DOB 11/1956 · age 70
2550%
sig. influence25-50% shares · significant influence06/04/2016

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

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.

See pricing →

Company details

Statusactive
Typeltd
Incorporated1996-07-10
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

Arran House 15d Skye Road
Shawfarm Industrial Estate
Prestwick
KA9 2TA
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-07-17
Last: 2025-07-03

Officers (2 active · 5 resigned)

GRAHAM, Gordon
secretary · appointed 1996-07-10
View their other companies + combined net worth →
Active
GRAHAM, Gordon
director · ~70y · appointed 1996-07-10
View their other companies + combined net worth →
Active
REID, Brian
nominee-secretary · appointed 1996-07-10 · resigned 1996-07-10
Resigned
GRAHAM, Jack
director · ~98y · appointed 2007-10-01 · resigned 2018-09-09
Resigned
GRAHAM, Kenneth
director · ~65y · appointed 2010-01-01 · resigned 2011-11-02
Resigned
GRAHAM, Kenneth
director · ~65y · appointed 1996-07-10 · resigned 2007-10-01
Resigned
MABBOTT, Stephen
nominee-director · ~76y · appointed 1996-07-10 · resigned 1996-07-10
Resigned

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

Mortgages & charges

7
Total charges
1
Outstanding
1
Active lenders
Status:Lender:7 of 7 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property25/01/2008
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property03/12/200719/02/2026
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property17/06/199922/02/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property31/05/199901/02/2008
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property21/10/199801/02/2008
satisfied
Carlsberg-Tetley Alloa
Carlsberg-Tetley Alloa Limited
Standard security1 property10/06/199701/02/2008
satisfied
Carlsberg-Tetley Alloa
Carlsberg-Tetley Alloa Limited
Bond & floating charge1 property08/05/199707/06/1999
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (92 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-02-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-08-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-03
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-05-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-05-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-03-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-25
confirmation-statement-with-updates
confirmation-statement · CS01
2022-07-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-27
confirmation-statement-with-updates
confirmation-statement · CS01
2020-09-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2019-07-31