STRANRAER MILLENNIUM CENTRE COMMUNITY TRUST

🌳Matureactive

SC189780 · private-limited-guarant-nsc · incorporated 1998-09-29

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.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2024

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Activities of exhibition and fair organisers

Sector: Administrative & support services

ALSO REGISTERED FOR

86900Other human health activities
90040Operation of arts facilities

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 57/100. Strong seller-intent signal (63/100, director aged 80). 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 (45/100).

🏦

Refinance opportunity

4 live charges · 4 lenders · oldest 26.4y

25/100

too messy

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

· Oldest live charge is 26.4 years old — likely at or near maturity.
· 4 lenders named — inter-creditor friction likely.
· Legal-friction score 48/100 (high).

Data confidence

Overall: medium (64/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 3 SIC codes, incorporation date

100

Financials

1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed

Lenders & charges

4 charges (4/4 with lender, 4/4 with type)

Directors & officers

34 officers (6 active, 34 linked, 31 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

1 connected companies via shared directors

Filing history

135 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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.

Key financials

1 year extracted from filed iXBRL accounts

Cash

—

Net Worth

—

Current Assets

—

Current Liabilities

—

Financials

Extracted from Companies House accounts · FRS 102

Metric	2024-03-31
Average employees	700

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

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (88 events)Click to expand

2025-12-11
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-21
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-10
➕
GIBSON, Ian appointed
director
2025-03-10
➖
CUNNINGHAM, Susan Douglas resigned
director
2024-12-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-02
📄
memorandum-articles
incorporation · MA
2024-09-02
📄
resolution
resolution · RESOLUTIONS
2024-08-30
📄
memorandum-articles
incorporation · MA
2024-08-23
📄
statement-of-companys-objects
change-of-constitution · CC04
2024-08-21
📄
resolution
resolution · RESOLUTIONS
2024-08-15
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-08-15
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-08-13
➕
MCCUTCHEON, John Peter appointed
secretary
2024-08-13
➖
CUNNINGHAM, Susan Douglas resigned
secretary
2024-02-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-02-12
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-01-31
➖
HARBOTTLE, Harold resigned
director
2024-01-31
➖
MCCUTCHEON, Stephen John resigned
director
2023-11-27
📄
memorandum-articles
incorporation · MA
2023-11-27
📄
resolution
resolution · RESOLUTIONS
2023-10-31
📄
resolution
resolution · RESOLUTIONS
2023-10-23
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-10-12
➖
GREEN, Amanda resigned
director
2023-09-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-03-29
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-03-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-03-29
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-02-08
➖
AKIENS, Emma-Louise resigned
director
2023-02-08
➕
MCCUTCHEON, Stephen John appointed
director
2023-02-08
➖
MCGHIE, Catriona resigned
director
2022-02-16
➕
AKIENS, Emma-Louise appointed
director
2022-02-16
➕
MCGHIE, Catriona appointed
director
2022-02-05
➖
MCCUTCHEON, Stephen John resigned
director
2020-10-21
➕
MCCUTCHEON, John Peter appointed
director
2020-10-21
➕
HARBOTTLE, Harold appointed
director
2019-11-25
➕
MCCUTCHEON, Stephen John appointed
director
2019-11-12
➕
COCKBURN, John Browning appointed
director
2018-06-08
🔒
Charge registered #4
Lender: Big Lottery Fund
2017-10-01
➕
GREEN, Amanda appointed
director
2017-04-03
➖
SMITH, Catherine Hagan Renee resigned
director
2017-03-31
➖
FLOWER, Stephen Edward resigned
director
2015-09-23
➖
ALEXANDER, Ross resigned
director
2015-09-23
➖
SNEDDON, Robert resigned
director
2015-07-15
➖
FARQUHAR, Susan Jacqueline resigned
director
2013-08-12
➖
BOWIE, Ronald resigned
director
2013-08-12
➖
HILTON, James Roland resigned
director
2008-06-21
➖
HANSON, Keith resigned
director
2008-06-21
➖
HANSON, Rosemary resigned
director
2008-06-21
➕
SNEDDON, Robert appointed
director

Showing most recent 50 of 88 events

Owner dependency

65/100

High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS

-5 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 28 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.

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 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 28 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

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

🔒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 · Trade services · DG postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
HARDIE HOLDINGS LIMITED→ SC222639 · est 2001	£2.62M £1.96M–£3.27M	—	—	2	24y	82	66y
D R W LTD.→ SC278769 · est 2005	—	—	£91.7k	—	21y	83	71y
BURNFOOT FARMS→ SC387583 · est 2010 · no financials extracted	—	—	—	—	15y	82	74y
CHARLES PAISLEY & SONS LIMITED→ SC273942 · est 2004	—	—	£422.9k	—	21y	82	63y
LESLEY GREENLEES LIMITED→ SC386519 · est 2010	—	—	£244.9k	—	15y	82	83y
ROUCAN LOCH CREMATORIUM COMPANY LIMITED→ SC252072 · est 2003	—	—	—	900	22y	82	65y
THOMSON, RODDICK & LAURIE LIMITED→ SC028073 · est 1950 · no financials extracted	—	—	—	—	75y	82	74y
ALARM SYSTEMS LIMITED→ SC168495 · est 1996	—	—	£1.05M	—	29y	81	79y
CROSSROADS CARE AND SUPPORT→ SC220161 · est 2001 · no financials extracted	—	—	—	—	24y	81	83y
DOODLE TRUST→ SC371597 · est 2010	—	—	£192.5k	—	16y	81	73y
KIRKCUDBRIGHT 2000 LIMITED→ SC203223 · est 2000 · no financials extracted	—	—	—	—	26y	81	83y
THOMSON RODDICK CALLAN LIMITED→ SC736177 · est 2022 · no financials extracted	—	—	—	—	3y	—	—

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

Incorporated1998-09-29

Jurisdictionscotland

Primary SIC82301 — Activities of exhibition and fair organisers

Registered office

The Millenium Centre

75 George Street

Stranraer

DG9 7JP

Filing status

Accounts

Next due: 2026-12-31

Last made up to: 2025-03-31

Confirmation statement

Next due: 2027-03-05

Last: 2026-02-19