SPEYSIDE DISTILLERS COMPANY LIMITED

🌳Matureactive
SC199495 · ltd · incorporated 1999-09-02
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£6.73M
book net assets
Opportunity
78/100
Strong
🔔
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What this business does
Primary activity: SIC 11010
Sector: Manufacturing
ALSO REGISTERED FOR
  • 46342SIC 46342
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 78/100 (strong), bankability 67/100. Strong seller-intent signal (68/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

9 live charges · 3 lenders · oldest 24.4y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 24.4 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Legal-friction score 30/100 — workable, but lender will want more DD.

Data confidence

Overall: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
16 officers (2 active, 16 linked, 14 with DOB)
88
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
135 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
77
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 £6,725,056
Cash YoY
-9%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£173k
↓ 8.7% YoY
Net Worth
£6.7m
↑ 8.8% YoY
Current Assets
£19m
↑ 17% YoY
Current Liabilities
—
£0£3.9m£7.7m£12m£15m£19mDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£17.81M£15.28M
Current assets£19.37M£16.62M
Cash£173.4k£189.9k
Debtors£3.42M£1.95M
Net assets£6.73M£6.18M

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals 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
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (62 events)Click to expand
  1. 2025-10-06
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-09-15
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2025-09-08
    ➖
    TING, Wen-Chieh resigned
    director
  4. 2024-12-24
    📄
    accounts-with-accounts-type-small
    accounts · AA
  5. 2023-12-19
    📄
    change-person-director-company-with-change-date
    officers · CH01
  6. 2023-12-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  7. 2023-12-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2023-12-15
    ➖
    CHANG, Yung Sheng resigned
    director
  9. 2023-09-15
    ➕
    TING, Wen-Chieh appointed
    director
  10. 2023-09-12
    📄
    accounts-with-accounts-type-small
    accounts · AA
  11. 2022-09-02
    📄
    accounts-with-accounts-type-small
    accounts · AA
  12. 2021-10-01
    📄
    accounts-with-accounts-type-small
    accounts · AA
  13. 2020-09-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  14. 2019-09-26
    📄
    accounts-with-accounts-type-small
    accounts · AA
  15. 2018-09-20
    📄
    accounts-with-accounts-type-small
    accounts · AA
  16. 2017-09-06
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2017-08-25
    📄
    accounts-with-accounts-type-small
    accounts · AA
  18. 2017-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2017-08-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2014-05-14
    🔒
    Charge registered #9
    Lender: Clydesdale Bank PLC
  21. 2014-04-29
    🔒
    Charge registered #8
    Lender: Clydesdale Bank PLC
  22. 2014-04-02
    🔓
    Charge satisfied #6
  23. 2014-04-02
    🔓
    Charge satisfied #5
  24. 2014-04-02
    🔓
    Charge satisfied #4
  25. 2014-04-02
    🔓
    Charge satisfied #3
  26. 2014-04-02
    🔓
    Charge satisfied #2
  27. 2014-04-02
    🔓
    Charge satisfied #1
  28. 2014-03-26
    🔒
    Charge registered #7
    Lender: Clydesdale Bank PLC
  29. 2012-09-19
    ➕
    HO, Yu Hung appointed
    director
  30. 2012-09-19
    ➕
    MCDONOUGH, John appointed
    director
  31. 2012-09-19
    ➖
    AYKROYD, James Alexander Frederic, Sir resigned
    secretary
  32. 2012-09-19
    ➖
    ANDERSEN, Kai resigned
    director
  33. 2012-09-19
    ➖
    ANDERSEN, Martha Goodnow resigned
    director
  34. 2012-09-19
    ➖
    AYKROYD, James Alexander Frederic, Sir resigned
    director
  35. 2012-09-19
    ➕
    CHANG, Yung Sheng appointed
    director
  36. 2012-08-01
    🔒
    Charge registered #6
    Lender: Bank of Scotland PLC
  37. 2012-08-01
    🔒
    Charge registered #5
    Lender: Bank of Scotland PLC
  38. 2012-03-13
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  39. 2010-04-19
    ➕
    ANDERSEN, Kai appointed
    director
  40. 2010-04-19
    ➖
    ANDERSEN, Rolf resigned
    director
  41. 2007-11-01
    ➖
    HENDRY, Stuart Fullarton resigned
    director
  42. 2007-11-01
    ➖
    TAYLOR, Graham Russell resigned
    director
  43. 2007-09-24
    ➕
    ANDERSEN, Martha Goodnow appointed
    director
  44. 2005-05-30
    ➖
    JERMAN, Ian Lindsey Crawford resigned
    director
  45. 2003-09-03
    ➖
    MACDONALD, Morinne resigned
    secretary
  46. 2002-01-31
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  47. 2002-01-31
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  48. 2001-11-19
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  49. 2001-01-10
    ➕
    HENDRY, Stuart Fullarton appointed
    director
  50. 2001-01-10
    ➕
    TAYLOR, Graham Russell appointed
    director
Showing most recent 50 of 62 events

Owner dependency

73/100
High — earn-out structure required

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

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

89/100
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 70 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 14 years.
  • 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

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Hoe International Ltd is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Hoe International Ltd
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
SPEYSIDE DISTILLERS COMPANY LIMITED
This company · SC199495

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%
NameSharesVoting rightsNature of controlNotified
Hoe International Ltd
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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 →

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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
Incorporated1999-09-02
Jurisdictionscotland
Primary SIC11010 — SIC 11010

Registered office

197 Bath Street
Glasgow
G2 4HU
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-09-16
Last: 2025-09-02

Officers (2 active · 14 resigned)

HO, Yu Hung→
director · ~62y · appointed 2012-09-19
View their other companies + combined net worth →
Active
MCDONOUGH, John→
director · ~70y · appointed 2012-09-19
View their other companies + combined net worth →
Active
AYKROYD, James Alexander Frederic, Sir→
secretary · appointed 2000-08-31 · resigned 2012-09-19
Resigned
MACDONALD, Morinne→
secretary · appointed 1999-09-02 · resigned 2003-09-03
Resigned
ANDERSEN, Kai→
director · ~52y · appointed 2010-04-19 · resigned 2012-09-19
Resigned
ANDERSEN, Martha Goodnow→
director · ~85y · appointed 2007-09-24 · resigned 2012-09-19
Resigned
ANDERSEN, Rolf→
director · ~85y · appointed 2000-08-31 · resigned 2010-04-19
Resigned
AYKROYD, James Alexander Frederic, Sir→
director · ~83y · appointed 2000-08-31 · resigned 2012-09-19
Resigned
CHANG, Yung Sheng→
director · ~73y · appointed 2012-09-19 · resigned 2023-12-15
Resigned
CHRISTIE, Ricky→
director · ~74y · appointed 2000-04-20 · resigned 2000-08-31
Resigned
HENDERSON, Christine Selbie→
director · ~74y · appointed 1999-09-02 · resigned 2000-04-20
Resigned
HENDRY, Stuart Fullarton→
director · ~61y · appointed 2001-01-10 · resigned 2007-11-01
Resigned
JERMAN, Ian Lindsey Crawford→
director · ~83y · appointed 2000-08-31 · resigned 2005-05-30
Resigned
MACDONALD, Morinne→
director · ~70y · appointed 1999-09-02 · resigned 2000-04-20
Resigned
TAYLOR, Graham Russell→
director · ~70y · appointed 2001-01-10 · resigned 2007-11-01
Resigned
TING, Wen-Chieh→
director · ~56y · appointed 2023-09-15 · resigned 2025-09-08
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

9
Total charges
3
Outstanding
1
Active lenders
Status:Lender:9 of 9 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge3 properties14/05/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge3 properties29/04/2014—
outstanding
Virgin Money
Clydesdale Bank PLC
A registered charge1 property26/03/2014—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property01/08/201202/04/2014
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property01/08/201202/04/2014
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Pledge1 property13/03/201202/04/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property31/01/200202/04/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property31/01/200202/04/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property19/11/200102/04/2014
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (135 total)

accounts-with-accounts-type-small
accounts · AA
2025-10-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-01
termination-director-company-with-name-termination-date
officers · TM01
2025-09-15
accounts-with-accounts-type-small
accounts · AA
2024-12-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-07
change-person-director-company-with-change-date
officers · CH01
2023-12-19
appoint-person-director-company-with-name-date
officers · AP01
2023-12-19
termination-director-company-with-name-termination-date
officers · TM01
2023-12-19
accounts-with-accounts-type-small
accounts · AA
2023-09-12
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-06
accounts-with-accounts-type-small
accounts · AA
2022-09-02
accounts-with-accounts-type-small
accounts · AA
2021-10-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-02
accounts-with-accounts-type-small
accounts · AA
2020-09-25