LINNHE LEISURE

🌳Matureactive

SC173320 · private-limited-guarant-nsc-limited-exemption · incorporated 1997-03-10

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

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

—

not disclosed

Net worth

—

book net assets

Opportunity

72/100

Strong

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Operation of arts facilities

Sector: Arts, entertainment & recreation

ALSO REGISTERED FOR

93199Other sports activities

Investor take

Pass (distressed without resilience)

Distressed active trading company — structural issues outweigh the discount.

Opportunity 72/100 (strong), bankability 50/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: asset disposal / carve-out (45/100).

🏦

Refinance opportunity

3 live charges · 2 lenders · oldest 26.7y

40/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 26.7 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 58/100 (high).

Data confidence

Overall: low (49/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

3 charges (3/3 with lender, 3/3 with type)

Directors & officers

49 officers (7 active, 49 linked, 42 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

174 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

72/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

• 1 confirmation-statement
• 1 officers

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (117 events)Click to expand

2026-03-23
📄
replacement-filing-of-director-appointment-with-name
officers · RP01AP01
2026-02-19
📄
change-person-director-company-with-change-date
officers · CH01
2025-12-15
📄
accounts-with-accounts-type-full
accounts · AA
2025-10-09
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-25
➕
SILLARS, Eoghann James appointed
director
2025-06-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-13
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-06-01
➖
MCALPINE, Mary Suzanne resigned
director
2025-06-01
➖
MEADOWS, Garry Mark resigned
director
2025-03-17
➖
SPEIRS, Paula resigned
director
2025-03-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-17
➕
SPEIRS, Paula appointed
director
2024-12-06
📄
accounts-with-accounts-type-small
accounts · AA
2024-12-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-19
➕
MEADOWS, Garry Mark appointed
director
2024-11-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-11-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-10-29
➕
MACDONALD, Katrina appointed
director
2024-10-29
➕
WHYTE, Leah Jane appointed
director
2024-08-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-16
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-08-15
➖
JEFFREY, Paul resigned
director
2024-08-05
➖
BATEMAN, Hannah Margaret resigned
director
2024-08-05
➖
RIGG, Christine Ann resigned
director
2024-06-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-05-28
➕
BATEMAN, Hannah Margaret appointed
director
2023-11-10
📄
change-person-director-company-with-change-date
officers · CH01
2023-11-09
📄
accounts-with-accounts-type-small
accounts · AA
2023-10-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-10-24
➕
WHYTE, Martin Alexander appointed
director
2023-03-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-02-21
➖
FRASER, Sheana Fenton resigned
director
2022-11-07
📄
accounts-with-accounts-type-small
accounts · AA
2022-08-16
➖
YOUNG, Donald resigned
director
2022-02-10
➕
RIGG, Christine Ann appointed
director
2022-02-09
➕
MCALPINE, Mary Suzanne appointed
director
2021-12-02
➖
JOHNSTON, Iain Macinnes resigned
director
2021-11-03
➕
JEFFREY, Paul appointed
director
2021-10-23
➕
HEARDMAN, Nigel appointed
director
2020-09-04
🔓
Charge satisfied #3
2020-01-21
➕
JOHNSTON, Iain Macinnes appointed
director
2018-02-20
➕
HEARDMAN, Rita Christine appointed
director
2017-11-21
➖
HUMPHREYS, Anthony Victor resigned
director
2016-11-15
➖
LIDDELL, Glen resigned
director
2015-09-15
🔒
Charge registered #3
Lender: Sis (Community Finance) Limited
2015-08-18
➕
HUMPHREYS, Anthony Victor appointed
director
2015-08-07
➕
YOUNG, Donald appointed
director
2014-01-31
➖
BRUCE, George Murdoch resigned
director

Showing most recent 50 of 117 events

Owner dependency

73/100

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 22 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

80/100

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 71 years old. Natural succession window is now.
primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

2 med ·

Has insolvency history

medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MCALPINE, Mary Suzanne resigned 2025-06-01; MEADOWS, Garry Mark resigned 2025-06-01

🔒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 · Leisure & entertainment · PH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
WILDERNESS GROUP LTD→ SC211011 · est 2000	£4.97M £3.86M–£6.07M	£11.85M	—	6400	25y	92	58y
ST JOHNSTONE FOOTBALL CLUB LIMITED (THE)→ SC007629 · est 1910	£1.64M £1.28M–£2.01M	—	—	236	115y	82	65y
GRANTOWN MUSEUM AND HERITAGE TRUST→ SC138200 · est 1992 · no financials extracted	—	—	—	—	34y	82	82y
LOYAL LEISURE LTD.→ SC296336 · est 2006	—	—	—	3700	20y	82	80y
PITLOCHRY GOLF LIMITED→ SC368534 · est 2009	—	—	£689.8k	—	16y	82	61y
THE ARDNAMURCHAN TRUST→ SC202981 · est 2000	—	—	—	2	26y	82	66y
BLAIRGOWRIE COMMUNITY PROJECT→ SC190554 · est 1998	—	—	£0	—	27y	81	81y
CAIRNGORM MOUNTAIN TRUST LTD.→ SC032229 · est 1957	—	—	£4.2k	—	69y	81	79y
CRIEFF HIGHLAND GATHERING LIMITED→ SC018654 · est 1935	—	—	£113.9k	—	90y	81	74y
FEIS GLEANN ALBAINN→ SC325521 · est 2007 · no financials extracted	—	—	—	—	18y	81	81y
FINGASK FOLLIES→ SC366264 · est 2009 · no financials extracted	—	—	—	—	16y	81	87y
GANNOCHY SPORTS PAVILION (PERTH) LIMITED→ SC051857 · est 1972	—	—	—	0	53y	81	80y

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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated1997-03-10

Jurisdictionscotland

Primary SIC90040 — Operation of arts facilities

Registered office

Nevis Centre

An Aird Road

Fort William

Inverness-Shire

PH33 6AN

Scotland

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-24

Last: 2026-03-10