MORAG'S LODGES LIMITED
🌳Matureactive
SC192271 · ltd · incorporated 1998-12-30
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 27.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
83/100
Exceptional
What this business does
Primary activity: Youth hostels
Sector: Accommodation & food service
Investor take
PursueActive trading company with a 61-year-old founder — textbook succession opportunity.
Opportunity 83/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
3 live charges · oldest 27.2y
65/100
clean up first
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 27.2 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (60/100)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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
11 officers (3 active, 11 linked, 7 with DOB)
83
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
12 connected companies via shared directors
81
Filing history
106 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
4
filings
- • 2 persons-with-significant-control
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (44 events)Click to expand
- 2026-01-09📄accounts-with-accounts-type-smallaccounts · AA
- 2026-01-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2026-01-05📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-10-03📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2024-10-03📄legacyaccounts · PARENT_ACC
- 2024-10-03📄legacyother · AGREEMENT2
- 2024-10-03📄legacyother · GUARANTEE2
- 2024-04-26📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-04-26🔓Charge satisfied #4
- 2023-10-12📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2023-10-12📄legacyaccounts · PARENT_ACC
- 2023-10-11📄legacyother · GUARANTEE2
- 2023-10-11📄legacyother · AGREEMENT2
- 2023-06-16📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2023-06-16📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2022-09-29📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2022-09-27📄legacyaccounts · PARENT_ACC
- 2022-09-27📄legacyother · AGREEMENT2
- 2022-09-27📄legacyother · GUARANTEE2
- 2021-10-07📄accounts-with-accounts-type-audit-exemption-subsiduaryaccounts · AA
- 2021-10-07📄legacyaccounts · PARENT_ACC
- 2013-02-05➕WARD, Christopher Graeme appointeddirector
- 2013-02-05➖CAMPBELL, Alastair Maclennan resigneddirector
- 2004-12-29➖HOSKING, David Dargaville resigneddirector
- 2002-07-15➕HOWIE, Derek Ivol David appointeddirector
- 2002-07-15➖NESS, Michael Anthony resigneddirector
- 2002-05-20➕NESS, Michael Anthony appointeddirector
- 2001-01-19➕HOWIE, Derek Ivol David appointedsecretary
- 2001-01-19➖MACLEAN, Kenneth William resignedsecretary
- 2001-01-19➖CAMPBELL, Donald Macneill resigneddirector
- 2001-01-19➖CAMPBELL, Neil Stewart resigneddirector
- 2001-01-19➕HOSKING, David Dargaville appointeddirector
- 2001-01-09🔒Charge registered #4Lender: Clydesdale Bank Public Limited Company
- 1999-04-01➕CAMPBELL, Alastair Maclennan appointeddirector
- 1999-03-25🔒Charge registered #3Lender: Clydesdale Bank Public Limited Company
- 1999-03-11🔒Charge registered #1Lender: Clydesdale Bank Public Limited Company
- 1999-01-26➕MACLEAN, Kenneth William appointedsecretary
- 1999-01-26➖OSWALDS OF EDINBURGH LIMITED resignedcorporate-nominee-secretary
- 1999-01-26➕CAMPBELL, Donald Macneill appointeddirector
- 1999-01-26➕CAMPBELL, Neil Stewart appointeddirector
- 1999-01-26➖JORDANS (SCOTLAND) LIMITED resignedcorporate-nominee-director
- 1998-12-30🏢Company incorporatedAs MORAG'S LODGES LIMITED
- 1998-12-30➕OSWALDS OF EDINBURGH LIMITED appointedcorporate-nominee-secretary
- 1998-12-30➕JORDANS (SCOTLAND) LIMITED appointedcorporate-nominee-director
Owner dependency
76/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 24 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 61 — approaching natural succession window.
Succession & seller-readiness
76/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 27 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
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Group structure
Radical Travel Group Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Radical Travel Group Limited
Corporate parent · holds 75-100% shares
⬇
MORAG'S LODGES LIMITED
This company · SC192271
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 |
|---|---|---|---|---|
Radical Travel Group Limited Corporate entity | 75–100% | — | 75-100% shares | 06/04/2016 |
2 historic (ceased) PSCs
- Ms Victoria Tollman O'Hanaceased 16/06/2023· 50-75% shares
- Busabout (Uk) Limitedceased 06/04/2016· 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
Active · Hospitality · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| OMNI TAVERNS LTD.→ SC307655 · est 2006 | £2.84M £2.13M–£3.55M | — | — | 8600 | 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 |
| SALTIRE HOSPITALITY LIMITED→ SC208776 · est 2000 | — | — | — | 83 | 25y | 83 | 63y |
| VENISON ADVISORY SERVICE LTD→ SC423023 · est 2012 · no financials extracted | — | — | — | — | 13y | — | — |
| WEF LEISURE LTD→ SC590596 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
| WESTNOTE BAR COMPANY LTD→ SC624624 · est 2019 · no financials extracted | — | — | — | — | 7y | — | — |
| YANXIA LTD→ SC727265 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
6 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
Incorporated1998-12-30
Jurisdictionscotland
Primary SIC55202 — Youth hostels
Registered office
Atholl Exchange, 2nd Floor
6 Canning Street
Edinburgh
EH3 8EG
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-13
Last: 2025-12-30
Officers (3 active · 8 resigned)
HOWIE, Derek Ivol David→
Activesecretary · appointed 2001-01-19
View their other companies + combined net worth →
HOWIE, Derek Ivol David→
Activedirector · ~61y · appointed 2002-07-15
View their other companies + combined net worth →
WARD, Christopher Graeme→
Activedirector · ~51y · appointed 2013-02-05
View their other companies + combined net worth →
MACLEAN, Kenneth William→
Resignedsecretary · appointed 1999-01-26 · resigned 2001-01-19
OSWALDS OF EDINBURGH LIMITED→
Resignedcorporate-nominee-secretary · appointed 1998-12-30 · resigned 1999-01-26
CAMPBELL, Alastair Maclennan→
Resigneddirector · ~59y · appointed 1999-04-01 · resigned 2013-02-05
CAMPBELL, Donald Macneill→
Resigneddirector · ~61y · appointed 1999-01-26 · resigned 2001-01-19
CAMPBELL, Neil Stewart→
Resigneddirector · ~55y · appointed 1999-01-26 · resigned 2001-01-19
HOSKING, David Dargaville→
Resigneddirector · ~73y · appointed 2001-01-19 · resigned 2004-12-29
NESS, Michael Anthony→
Resigneddirector · ~81y · appointed 2002-05-20 · resigned 2002-07-15
JORDANS (SCOTLAND) LIMITED→
Resignedcorporate-nominee-director · appointed 1998-12-30 · resigned 1999-01-26
Click a director name to see their full track record across all companies.
Mortgages & charges
3
Total charges
2
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 09/01/2001 | 26/04/2024 | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 25/03/1999 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 11/03/1999 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (106 total)
accounts-with-accounts-type-small
accounts · AA
2026-01-09
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-01-05
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-13
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2024-10-03
legacy
accounts · PARENT_ACC
2024-10-03
legacy
other · AGREEMENT2
2024-10-03
legacy
other · GUARANTEE2
2024-10-03
mortgage-satisfy-charge-full
mortgage · MR04
2024-04-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-03
accounts-with-accounts-type-audit-exemption-subsiduary
accounts · AA
2023-10-12
legacy
accounts · PARENT_ACC
2023-10-12
legacy
other · GUARANTEE2
2023-10-11
legacy
other · AGREEMENT2
2023-10-11