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.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 26.2y old — refinance window within 12 months

🔒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 26.2y

65/100

clean up first

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

· Oldest live charge is 26.2 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 (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

filing

• 1 confirmation-statement

Last 90 days

filings

• 1 confirmation-statement
• 1 accounts

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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ORCADIA→ SC272848 · est 2004 · no financials extracted	—	—	—	—	21y	83	61y
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R & M JENKINS LIMITED→ SC285460 · est 2005	—	—	£1.60M	—	20y	82	75y
IGTL TECHNOLOGY LTD→ SC378560 · est 2010	—	—	£394.5k	—	15y	81	65y
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55 NORTH NETWORK LIMITED→ SC345212 · est 2008	—	—	£996.6k	—	17y	80	71y
AA WHYTE CONSULTANCY LIMITED→ SC365455 · est 2009	—	—	£13.7k	—	16y	80	69y
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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.