HIGHLAND LOCKSMITHS & SECURITY SYSTEMS LIMITED

🌳Matureactive

SC182981 · ltd · incorporated 1998-02-16

Investment thesis

Well-run mature business — low negotiation leverage; premium likely.

Why interesting: Textbook target; clean filings, stable trading.

Why risky: No pressure on seller; any deal likely at full price.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 28.2y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Dec 2024

Net worth

£470.9k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: SIC 99999

Sector: Extraterritorial bodies

Investor take

Pursue

Asset-holding vehicle with a 71-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (73/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 28.2y

85/100

ready

Refinance conversation should be productive — structure clean and timing right.

· Oldest live charge is 28.2 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

8 officers (4 active, 8 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

9 connected companies via shared directors

Filing history

84 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £470,897

Net assets shrinking

Down £367 YoY

Cash YoY

-2%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£20k

↓ 1.6% YoY

Net Worth

£471k

~ YoY

Current Assets

£495k

~ YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2024-12-31	2023-12-31
Total assets	£470.9k	£471.3k
Current assets	£494.6k	£494.9k
Cash	£19.6k	£19.9k
Debtors	£475.0k	£475.0k
Net assets	£470.9k	£471.3k

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

filings

Last 90 days

filing

• 1 confirmation-statement

Last 180 days

filing

• 1 confirmation-statement

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2025-09-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-09-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-09-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-09-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-18
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-27
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-09-28
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-09-29
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-03-24
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-03-24
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-03-24
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-02-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2016-02-15
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2016-02-15
📄
termination-director-company-with-name-termination-date
officers · TM01
2016-01-27
🔓
Charge satisfied #2
2016-01-25
➕
FRASER, Douglas William appointed
secretary
2016-01-25
➕
FRASER, Douglas William appointed
director
2016-01-25
➕
MACGREGOR, Alexander James appointed
director
2016-01-25
➕
MACGREGOR, John William appointed
director
2016-01-25
➖
KLING, Eileen Josephine resigned
secretary
2016-01-25
➖
KLING, Robert John resigned
director
2000-11-27
🔒
Charge registered #2
Lender: The Royal Bank of Scotland PLC
2000-06-15
🔓
Charge satisfied #1
1998-03-13
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
1998-03-03
➕
KLING, Eileen Josephine appointed
secretary
1998-03-03
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1998-03-03
➕
KLING, Robert John appointed
director
1998-03-03
➖
JORDANS (SCOTLAND) LIMITED resigned
corporate-nominee-director
1998-02-16
🏢
Company incorporated
As HIGHLAND LOCKSMITHS & SECURITY SYSTEMS LIMITED
1998-02-16
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1998-02-16
➕
JORDANS (SCOTLAND) LIMITED appointed
corporate-nominee-director

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

+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

75/100

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.
secondaryStable-but-static management: Company is 28 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.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Alexander Macgregor Individual · Scottish · DOB 06/1929 · age 97	—	—	sig. influencesignificant influence	06/04/2016

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 →

Similar companies

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KJB TRANSPORT LTD→ SC755546 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
KYLE OF SUTHERLAND DEVELOPMENT TRUST→ SC401019 · est 2011 · no financials extracted	—	—	—	—	14y	—	—
LEYS ESTATE LLP→ SO303096 · est 2010 · no financials extracted	—	—	—	—	15y	—	—
MCM INVESTMENT HOUSE LLP→ SO300076 · est 2002 · no financials extracted	—	—	—	—	24y	—	—
MIDDLE WAY RESOURCES LP→ SL032666 · est 2018 · no financials extracted	—	—	—	—	8y	—	—
MORAY FIRE & SECURITY LTD→ SC838359 · est 2025 · no financials extracted	—	—	—	—	1y	—	—
NORD L.P.→ SL018201 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
OPTIMUS TRADE L.P.→ SL013701 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
OSWALD VENTURES LP→ SL027090 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
OUTRADGE CAPITAL LP→ SL027077 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
OVERSEAS COMMERCE L.P.→ SL017959 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
P&C CAPITAL COMPANY LP→ SL033125 · est 2018 · no financials extracted	—	—	—	—	7y	—	—

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

Typeltd

Incorporated1998-02-16

Jurisdictionscotland

Primary SIC99999 — SIC 99999

Registered office

15 - 17 Henderson Road

Longman Industrial Estate

Inverness

IV1 1SN

Scotland

Filing status

Accounts

Next due: 2026-09-30

Last made up to: 2024-12-31

Confirmation statement

Next due: 2027-03-02

Last: 2026-02-16

Officers (4 active · 4 resigned)

FRASER, Douglas William→

secretary · appointed 2016-01-25

View their other companies + combined net worth →

Active

FRASER, Douglas William→

director · ~51y · appointed 2016-01-25

View their other companies + combined net worth →

Active

MACGREGOR, Alexander James→

director · ~39y · appointed 2016-01-25

View their other companies + combined net worth →

Active

MACGREGOR, John William→

director · ~71y · appointed 2016-01-25

View their other companies + combined net worth →

Active

KLING, Eileen Josephine→

secretary · appointed 1998-03-03 · resigned 2016-01-25

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1998-02-16 · resigned 1998-03-03

Resigned

KLING, Robert John→

director · ~81y · appointed 1998-03-03 · resigned 2016-01-25

Resigned

JORDANS (SCOTLAND) LIMITED→

corporate-nominee-director · appointed 1998-02-16 · resigned 1998-03-03

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:2 of 2 shown

			Type	Properties
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Standard security	1 property	27/11/2000	27/01/2016
	satisfied	Lloyds Banking Group The Royal Bank of Scotland PLC	Bond & floating charge	1 property	13/03/1998	15/06/2000