REID & FRASER LTD.

🌳Matureactive

SC194713 · ltd · incorporated 1999-03-29

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

approaching window · 12-months

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

· Oldest live charge 26.4y old — refinance window within 12 months

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

—

year to May 2025

Net worth

£367.3k

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Accounting and auditing activities

Sector: Professional, scientific & technical

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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

2 live charges · oldest 26.4y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 26.4 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 (79/100)

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

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

7 officers (4 active, 7 linked, 4 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

2 connected companies via shared directors

Filing history

81 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.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £367,266

Cash YoY

-5%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£71k

↓ 4.6% YoY

Net Worth

£367k

↑ 3.6% YoY

Current Assets

£378k

↑ 5.9% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-05-31	2024-05-31
Total assets	£367.3k	£354.5k
Current assets	£377.6k	£356.6k
Cash	£71.1k	£74.5k
Debtors	£145.7k	£117.4k
Net assets	£367.3k	£354.5k

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

filings

Last 180 days

filings

• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (32 events)Click to expand

2026-02-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-02-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-02-27
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-02-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-16
📄
appoint-person-director-company-with-name-date
officers · AP01
2022-02-15
➕
CAMERON, Linda appointed
director
2022-02-15
➕
MACGREGOR, Steven appointed
director
2021-11-04
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2021-11-04
📄
memorandum-articles
incorporation · MA
2021-11-04
📄
resolution
resolution · RESOLUTIONS
2021-11-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-11-04
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2021-06-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-12
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-12
📄
change-person-director-company-with-change-date
officers · CH01
2019-11-12
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2019-11-12
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2005-05-31
➖
GRANT, Andrew resigned
director
2005-05-10
➕
WALKER, Hazel appointed
secretary
2005-05-10
➖
WALKER, Stuart Douglas resigned
secretary
2003-10-13
🔓
Charge satisfied #2
2000-06-14
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2000-02-22
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
1999-03-29
🏢
Company incorporated
As REID & FRASER LTD.
1999-03-29
➕
WALKER, Stuart Douglas appointed
director
1999-03-29
➕
WALKER, Stuart Douglas appointed
secretary
1999-03-29
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
1999-03-29
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
1999-03-29
➕
GRANT, Andrew appointed
director

Owner dependency

68/100

High — earn-out structure required

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

FACTORS

+Long-tenure founder: Senior director has been in place 27 years — deep operational knowledge concentrated in one person.
+Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

70/100

Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
primary20+ year tenure: Director in role 27 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

clean

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

Group structure

Reid & Fraser Eot Trustees Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Reid & Fraser Eot Trustees Limited

Corporate parent · holds 75-100% shares

ultimate parent

⬇

REID & FRASER LTD.

This company · SC194713

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
Reid & Fraser Eot Trustees Limited Corporate entity	75–100%	75–100%	75-100% shares · 75-100% voting	22/10/2021

2 historic (ceased) PSCs

Mrs Hazel Walkerceased 22/10/2021· 25-50% shares
Mr Stuart Douglas Walkerceased 22/10/2021· 25-50% 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

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BRAEMARA LIMITED→ SC202577 · est 1999	—	—	£786.7k	—	26y	82	80y
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IGTL TECHNOLOGY LTD→ SC378560 · est 2010	—	—	£394.5k	—	16y	81	65y
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AA WHYTE CONSULTANCY LIMITED→ SC365455 · est 2009	—	—	£14.4k	—	16y	80	69y
BRECK DESIGNS LIMITED→ SC306148 · est 2006	—	—	£2.7k	—	19y	80	69y
KIRREN & COMPANY LTD→ SC398168 · est 2011	—	—	£307	—	15y	80	67y
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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

Incorporated1999-03-29

Jurisdictionscotland

Primary SIC69201 — Accounting and auditing activities

Registered office

15 Princes Street

Thurso

Caithness

KW14 7BQ

Filing status

Accounts

Next due: 2027-02-28

Last made up to: 2025-05-31

Confirmation statement

Next due: 2027-04-12

Last: 2026-03-29

Officers (4 active · 3 resigned)

WALKER, Hazel→

secretary · appointed 2005-05-10

View their other companies + combined net worth →

Active

CAMERON, Linda→

director · ~59y · appointed 2022-02-15

View their other companies + combined net worth →

Active

MACGREGOR, Steven→

director · ~57y · appointed 2022-02-15

View their other companies + combined net worth →

Active

WALKER, Stuart Douglas→

director · ~55y · appointed 1999-03-29

View their other companies + combined net worth →

Active

WALKER, Stuart Douglas→

secretary · appointed 1999-03-29 · resigned 2005-05-10

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 1999-03-29 · resigned 1999-03-29

Resigned

GRANT, Andrew→

director · ~81y · appointed 1999-03-29 · resigned 2005-05-31

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	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	14/06/2000	13/10/2003
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	22/02/2000	—

Click column headers to sort. Use filters above to narrow by status and lender.