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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No material changes in the last 90 days.
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
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 27.3y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 27.3 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
0
filings
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 |
|---|---|---|---|---|---|---|---|
| CARBETH HUTTERS COMMUNITY COMPANY→ SC342792 · est 2008 | — | — | — | 0 | 18y | 83 | 78y |
| CHUNG WAH TAO TAK TONG CHARITY COMPANY LIMITED→ SC192812 · est 1999 | — | — | — | 0 | 27y | 83 | 79y |
| EMPLOYERS IN VOLUNTARY HOUSING LIMITED→ SC184547 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 85y |
| ERGOMAN LIMITED→ SC191098 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 73y |
| GLENACRE MANAGEMENT LIMITED→ SC172787 · est 1997 · no financials extracted | — | — | — | — | 29y | 83 | 73y |
| KADAMPA MEDITATION CENTRE GLASGOW→ SC198732 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 76y |
| KILMARONOCK MILLENNIUM ASSOCIATION→ SC184392 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 86y |
| OLDPL1 LTD→ SC225047 · est 2001 | — | — | £99.1k | — | 24y | 83 | 63y |
| OLDPL2 LTD→ SC174456 · est 1997 | — | — | £52.7k | — | 29y | 83 | 63y |
| PETER BROWN LIMITED→ SC066531 · est 1978 | — | — | £225 | — | 47y | 83 | 91y |
| SARTI (GLASGOW) LIMITED→ SC151744 · est 1994 | — | — | £3 | — | 32y | 83 | 64y |
| THE ROYAL SCOTTISH PIPE BAND ASSOCIATION→ SC394198 · est 2011 · no financials extracted | — | — | — | — | 15y | 83 | 71y |
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