THE COCKATOO BAR AND RESTAURANT LIMITED
⚰️Wound downdissolved
SC175176 · ltd · incorporated 1997-05-07
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 62/100 (worth a look), bankability 62/100. Strong seller-intent signal (78/100, director aged 69). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
8 live charges · 4 lenders · oldest 28.7y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 28.7 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 35/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (57/100)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
No iXBRL financials extracted
0
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
107 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review 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 (47 events)Click to expand
- 2025-09-09📄gazette-dissolved-compulsorygazette · GAZ2
- 2025-09-09🏁Company dissolved
- 2025-06-24📄gazette-notice-compulsorygazette · GAZ1
- 2024-07-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-10-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-31📄change-account-reference-date-company-current-shortenedaccounts · AA01
- 2022-09-28📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2022-04-23📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-12-23📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-12-23🔓Charge satisfied #1
- 2021-11-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2021-11-26🔓Charge satisfied #7
- 2021-05-20📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2021-05-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2020-12-16📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-12-08📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-11-30🔒Charge registered #8Lender: Iain Keith Glass
- 2020-06-12📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2020-05-19📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2020-04-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-10-03📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2018-10-22📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-25🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2015-05-05➖GLASS, Kevin resignedsecretary
- 2013-01-29➖GLASS, Kevin resigneddirector
- 2012-09-11🔓Charge satisfied #4
- 2012-09-11🔓Charge satisfied #3
- 2008-01-31➕GLASS, Kevin appointedsecretary
- 2008-01-31➖SMALL, Janet Margaret resignedsecretary
- 2005-01-17🔒Charge registered #6Lender: The Royal Bank of Scotland PLC
- 2005-01-12🔓Charge satisfied #5
- 2003-03-11➕GLASS, Kevin appointeddirector
- 2003-02-01➕SMALL, Janet Margaret appointedsecretary
- 2003-02-01➖ARCHIBALD CAMPBELL & HARLEY resignedcorporate-nominee-secretary
- 2003-01-31➖GLASS, James Alfred resigneddirector
- 2002-03-14🔒Charge registered #5Lender: Belhaven Brewery Company Limited
- 2002-03-12🔒Charge registered #4Lender: Mactaggart & Mickel Limited
- 2002-02-21🔒Charge registered #3Lender: Belhaven Brewery Company Limited
- 1997-12-12🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1997-09-25🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 1997-05-22➕GLASS, Iain Keith appointeddirector
- 1997-05-22➕GLASS, James Richard appointeddirector
- 1997-05-22➖BLACK, Douglas Maclean resignednominee-director
- 1997-05-22➕GLASS, James Alfred appointeddirector
- 1997-05-07🏢Company incorporatedAs THE COCKATOO BAR AND RESTAURANT LIMITED
- 1997-05-07➕ARCHIBALD CAMPBELL & HARLEY appointedcorporate-nominee-secretary
- 1997-05-07➕BLACK, Douglas Maclean appointednominee-director
Owner dependency
91/100
Critical — business is the founderThe 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 29 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
86/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 29 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 29 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 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2025-09-09
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Premier Custom Build Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Premier Custom Build Limited
Corporate parent · holds 75-100% shares
⬇
THE COCKATOO BAR AND RESTAURANT LIMITED
This company · SC175176
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Premier Custom Build Limited Corporate entity | 75–100% | — | 75-100% shares | 16/04/2020 |
1 historic (ceased) PSC
- Mr Iain Keith Glassceased 16/04/2020· 75-100% 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 →Similar companies
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|---|---|---|---|---|---|---|---|
| THE BONHAM HOTEL EDINBURGH LIMITED→ SC118669 · est 1989 | £13.13M £9.85M–£16.41M | — | — | 65 | 36y | 83 | 69y |
| OMNI TAVERNS LTD.→ SC307655 · est 2006 | £2.89M £2.17M–£3.61M | — | — | 85 | 19y | 87 | 60y |
| ADJUSTLIGHT LIMITED→ SC139599 · est 1992 · no financials extracted | — | — | — | — | 33y | 83 | 58y |
| ARCHERFIELD HOUSE HOTEL MANAGEMENT LIMITED→ SC272735 · est 2004 · no financials extracted | — | — | — | — | 21y | 83 | 79y |
| COURT HOTEL SUITES LIMITED→ SC373209 · est 2010 | — | — | £553.1k | — | 16y | 83 | 64y |
| DESTINATION EDINBURGH LIMITED→ SC357298 · est 2009 | — | — | £254.5k | — | 17y | 83 | 58y |
| ELITE HOTELS LIMITED→ SC103199 · est 1987 | — | — | — | 0 | 39y | 83 | 76y |
| J J BEAM LIMITED→ SC132477 · est 1991 | — | — | — | 18 | 34y | 83 | 74y |
| MORAG'S LODGES LIMITED→ SC192271 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 61y |
| SALTIRE HOSPITALITY LIMITED→ SC208776 · est 2000 | — | — | — | 83 | 25y | 83 | 63y |
| SCOTS GUARDS ASSOCIATION CLUB, LIMITED→ SC013223 · est 1924 | — | — | — | 6 | 101y | 83 | 80y |
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Statusdissolved
Typeltd
Incorporated1997-05-07
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
30/5 Hardengreen Industrial Estate
Dalkeith
EH22 3NX
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2023-07-30
Confirmation statement
Next due: —
Last: 2024-05-06
Officers (0 active · 6 resigned)
GLASS, Iain Keith→
Activedirector · ~62y · appointed 1997-05-22
View their other companies + combined net worth →
GLASS, James Richard→
Activedirector · ~69y · appointed 1997-05-22
View their other companies + combined net worth →
GLASS, Kevin→
Resignedsecretary · appointed 2008-01-31 · resigned 2015-05-05
SMALL, Janet Margaret→
Resignedsecretary · appointed 2003-02-01 · resigned 2008-01-31
ARCHIBALD CAMPBELL & HARLEY→
Resignedcorporate-nominee-secretary · appointed 1997-05-07 · resigned 2003-02-01
BLACK, Douglas Maclean→
Resignednominee-director · ~67y · appointed 1997-05-07 · resigned 1997-05-22
GLASS, James Alfred→
Resigneddirector · ~94y · appointed 1997-05-22 · resigned 2003-01-31
GLASS, Kevin→
Resigneddirector · ~58y · appointed 2003-03-11 · resigned 2013-01-29
Click a director name to see their full track record across all companies.
Mortgages & charges
8
Total charges
3
Outstanding
2
Active lenders
Status:Lender:8 of 8 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Iain Keith Glass | A registered charge | 1 property | 30/11/2020 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | A registered charge | — | 25/11/2016 | 26/11/2021 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 17/01/2005 | — | |
| satisfied | Belhaven Brewery Company Belhaven Brewery Company Limited | Bond & floating charge | 1 property | 14/03/2002 | 12/01/2005 | |
| satisfied | Mactaggart & Mickel Mactaggart & Mickel Limited | Standard security | 1 property | 12/03/2002 | 11/09/2012 | |
| satisfied | Belhaven Brewery Company Belhaven Brewery Company Limited | Standard security | 1 property | 21/02/2002 | 11/09/2012 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 12/12/1997 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 25/09/1997 | 23/12/2021 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (107 total)
gazette-dissolved-compulsory
gazette · GAZ2
2025-09-09
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-27
change-account-reference-date-company-current-shortened
accounts · AA01
2023-07-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-23
mortgage-satisfy-charge-full
mortgage · MR04
2021-12-23
mortgage-satisfy-charge-full
mortgage · MR04
2021-11-26
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-20
confirmation-statement-with-updates
confirmation-statement · CS01
2021-05-19
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-05-19