HORSESHOE HOTELS LIMITED
🌳Matureactive
SC187861 · ltd · incorporated 1998-07-23
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
PursueActive trading company with a 70-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 70). Share purchase looks the cleaner deal structure. 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 (65/100).
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 27.0y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
16 officers (6 active, 16 linked, 11 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
116 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
PassWatchWorth a lookStrongExceptional
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
2
filings
- • 1 accounts
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (56 events)Click to expand
- 2025-12-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2025-11-25📄change-person-director-company-with-change-dateofficers · CH01
- 2025-01-09➕WORDIE, James Thompson appointeddirector
- 2025-01-09📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-12-03📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-11-24📄accounts-with-accounts-type-dormantaccounts · AA
- 2023-07-24📄change-person-director-company-with-change-dateofficers · CH01
- 2023-07-24📄change-person-director-company-with-change-dateofficers · CH01
- 2022-12-08📄accounts-with-accounts-type-dormantaccounts · AA
- 2022-10-13➕CHARTERS, Andrew David appointedsecretary
- 2022-10-13➖HORTON, Kenneth James resignedsecretary
- 2022-10-13📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2022-10-13📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2022-04-19📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-04-14➕GARDINER, John appointeddirector
- 2022-02-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2021-12-14📄termination-director-company-with-name-termination-dateofficers · TM01
- 2021-12-09➖STANISTREET, Nigel David Alexander resigneddirector
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-11-04📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2021-10-27🔒Charge registered #6Lender: Lloyds Bank Corporate Markets PLC
- 2021-10-26🔒Charge registered #5Lender: Lloyds Bank Corporate Markets PLC
- 2018-12-31➖MCALPINE, John Calder resigneddirector
- 2018-04-03➕STANISTREET, Nigel David Alexander appointeddirector
- 2015-03-07🔓Charge satisfied #1
- 2014-12-29🔒Charge registered #3Lender: Bank of Scotland PLC
- 2014-12-24🔒Charge registered #4Lender: Bank of Scotland PLC.
- 2010-07-28🔓Charge satisfied #2
- 2004-11-24➖WORDIE, Peter Jeffrey resigneddirector
- 2003-04-01➕MCALPINE, John Calder appointeddirector
- 2003-03-31➖WORDIE, George Thompson resigneddirector
- 1999-06-08🔒Charge registered #2Lender: Clydesdale Bank Public Limited Company
- 1999-05-17➖GILCHRIST, Iain Johnston resignedsecretary
- 1999-05-17➕HORTON, Kenneth James appointedsecretary
- 1999-04-19🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1999-03-22➕WORDIE, Alan John Kynoch appointeddirector
- 1999-03-22➕WORDIE, Charles Jeffrey appointeddirector
- 1999-03-22➕WORDIE, William Ellis appointeddirector
- 1999-03-22➕GILCHRIST, Iain Johnston appointedsecretary
- 1999-03-22➕WORDIE, George Thompson appointeddirector
- 1999-03-22➕WORDIE, Peter Jeffrey appointeddirector
- 1998-07-23🏢Company incorporatedAs HORSESHOE HOTELS LIMITED
- 1998-07-23➕REID, Brian appointedsecretary
- 1998-07-23➖REID, Brian resignedsecretary
Showing most recent 50 of 56 events
Owner dependency
73/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -5 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 70 — 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 candidateStrong 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.
- primary20+ year tenure: Director in role 27 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Wordie Properties Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Wordie Properties Limited
Corporate parent · holds 75-100% shares
⬇
HORSESHOE HOTELS LIMITED
This company · SC187861
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 |
|---|---|---|---|---|
Wordie Properties Limited Corporate entity | 75–100% | — | 75-100% shares | 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
Active · Other · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| AGES LIMITED→ SC357300 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| AGF DAVIES LIMITED→ SC747437 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| ALITER CAPITAL CO-INVEST LP→ SL029089 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ALPHARD ENTERPRISE LP→ SL031099 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| AMBORIO LP→ SL030321 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| AMOS THREE LLP→ SO301661 · est 2007 · no financials extracted | — | — | — | — | 18y | — | — |
| AMS INVESTMENTS (SCOTLAND) LLP→ SO301931 · est 2008 · no financials extracted | — | — | — | — | 17y | — | — |
| AMX FIRE PROTECTION LTD→ SC879766 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| ANCROFT ALLIANCE L.P.→ SL013111 · est 2013 · no financials extracted | — | — | — | — | 12y | — | — |
| ANDREW HAY & CO LLP→ SO306281 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| ANDREW MCLENNAN LIMITED→ SC030398 · est 1954 · no financials extracted | — | — | — | — | 71y | — | — |
| ANDREW WRIGHT ROOFING LIMITED→ SC262059 · est 2004 · no financials extracted | — | — | — | — | 22y | — | — |
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
Incorporated1998-07-23
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
208 West George Street
Glasgow
G2 2PQ
Filing status
Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2026-08-06
Last: 2025-07-23
Officers (6 active · 10 resigned)
CHARTERS, Andrew David→
Activesecretary · appointed 2022-10-13
View their other companies + combined net worth →
GARDINER, John→
Activedirector · ~70y · appointed 2022-04-14
View their other companies + combined net worth →
WORDIE, Alan John Kynoch→
Activedirector · ~70y · appointed 1999-03-22
View their other companies + combined net worth →
WORDIE, Charles Jeffrey→
Activedirector · ~57y · appointed 1999-03-22
View their other companies + combined net worth →
WORDIE, James Thompson→
Activedirector · ~32y · appointed 2025-01-09
View their other companies + combined net worth →
WORDIE, William Ellis→
Activedirector · ~62y · appointed 1999-03-22
View their other companies + combined net worth →
GILCHRIST, Iain Johnston→
Resignedsecretary · appointed 1999-03-22 · resigned 1999-05-17
HORTON, Kenneth James→
Resignedsecretary · appointed 1999-05-17 · resigned 2022-10-13
REID, Brian→
Resignedsecretary · appointed 1998-07-23 · resigned 1998-07-23
REID, Brian→
Resignednominee-secretary · appointed 1998-07-23 · resigned 1998-07-23
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1998-07-23 · resigned 1998-07-23
MABBOTT, Stephen→
Resignednominee-director · ~76y · appointed 1998-07-23 · resigned 1998-07-23
MCALPINE, John Calder→
Resigneddirector · ~78y · appointed 2003-04-01 · resigned 2018-12-31
STANISTREET, Nigel David Alexander→
Resigneddirector · ~65y · appointed 2018-04-03 · resigned 2021-12-09
WORDIE, George Thompson→
Resigneddirector · ~99y · appointed 1999-03-22 · resigned 2003-03-31
WORDIE, Peter Jeffrey→
Resigneddirector · ~94y · appointed 1999-03-22 · resigned 2004-11-24
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
4
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Lloyds Bank Corporate Markets PLC | A registered charge | 1 property | 27/10/2021 | — | |
| outstanding | Lloyds Banking Group Lloyds Bank Corporate Markets PLC | A registered charge | — | 26/10/2021 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 29/12/2014 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC. | A registered charge | — | 24/12/2014 | — | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 08/06/1999 | 28/07/2010 | |
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 19/04/1999 | 07/03/2015 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (116 total)
accounts-with-accounts-type-dormant
accounts · AA
2025-12-03
change-person-director-company-with-change-date
officers · CH01
2025-11-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-24
appoint-person-director-company-with-name-date
officers · AP01
2025-01-09
accounts-with-accounts-type-dormant
accounts · AA
2024-12-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-23
accounts-with-accounts-type-dormant
accounts · AA
2023-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-24
change-person-director-company-with-change-date
officers · CH01
2023-07-24
change-person-director-company-with-change-date
officers · CH01
2023-07-24
accounts-with-accounts-type-dormant
accounts · AA
2022-12-08
appoint-person-secretary-company-with-name-date
officers · AP03
2022-10-13
termination-secretary-company-with-name-termination-date
officers · TM02
2022-10-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-25
appoint-person-director-company-with-name-date
officers · AP01
2022-04-19