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.
Why now
Window steady · low confidence
Steady and stalled — no momentum either way. Needs an approach trigger.
What changed my view
Last 30 days

No material changes in the last 30 days.

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 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 29.1y

15/100
under pressure

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

  • · Oldest live charge is 29.1 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
0
filings
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
25–50%
—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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——25524y8564y
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————21y8379y
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———217y8259y
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———027y8274y
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———029y8274y
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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