THE ARDNAMURCHAN TRUST

🌳Matureactive
SC202981 · private-limited-guarant-nsc-limited-exemption · incorporated 2000-01-14
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 15.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 66). 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

1 live charge · oldest 15.1y

65/100
clean up first

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

  • · Oldest live charge is 15.1 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 (72/100)

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
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
9 officers (3 active, 9 linked, 6 with DOB)
83
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
74 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Jan 2024Jan 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-01-312024-01-31
Average employees2200

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
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Last 180 days
4
filings
  • • 2 officers
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-02-26
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  2. 2026-02-26
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  3. 2026-01-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2026-01-18
    ➕
    MACLACHLAN, Morven Ann appointed
    director
  5. 2026-01-18
    ➖
    KELLY, William Robert resigned
    director
  6. 2024-10-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2023-10-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2022-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2021-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-01-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2019-08-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-08-15
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2017-10-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-08-03
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2016-01-21
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  16. 2015-08-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2015-01-21
    📄
    annual-return-company-with-made-up-date-no-member-list
    annual-return · AR01
  18. 2013-12-15
    ➕
    KELLY, William Robert appointed
    director
  19. 2011-03-09
    🔒
    Charge registered #1
    Lender: Donald Francis Irwin Houston
  20. 2010-12-08
    ➖
    IRWIN HOUSTON, Robert Stephan resigned
    director
  21. 2009-01-20
    ➖
    CLARK, Peter Alan resigned
    director
  22. 2009-01-20
    ➖
    THOMPSON, George William resigned
    director
  23. 2003-01-01
    ➕
    CLARK, Peter Alan appointed
    director
  24. 2003-01-01
    ➕
    THOMPSON, George William appointed
    director
  25. 2000-02-17
    ➖
    MBM SECRETARIAL SERVICES LIMITED resigned
    corporate-secretary
  26. 2000-02-17
    ➖
    MBM BOARD NOMINEES LIMITED resigned
    corporate-nominee-director
  27. 2000-01-14
    🏢
    Company incorporated
    As THE ARDNAMURCHAN TRUST
  28. 2000-01-14
    ➕
    JEFFERY, Harry Ernest appointed
    secretary
  29. 2000-01-14
    ➕
    IRWIN-HOUSTON, Donald Francis appointed
    director
  30. 2000-01-14
    ➕
    MBM SECRETARIAL SERVICES LIMITED appointed
    corporate-secretary
  31. 2000-01-14
    ➕
    IRWIN HOUSTON, Robert Stephan appointed
    director
  32. 2000-01-14
    ➕
    MBM BOARD NOMINEES LIMITED appointed
    corporate-nominee-director

Owner dependency

83/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

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 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 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 →

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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-limited-exemption
Incorporated2000-01-14
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.

Registered office

Mingary House
Kilchoan By Acharacle
Argyll
PH36 4LH

Filing status

Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2027-02-08
Last: 2026-01-25

Officers (3 active · 6 resigned)

JEFFERY, Harry Ernest→
secretary · appointed 2000-01-14
View their other companies + combined net worth →
Active
IRWIN-HOUSTON, Donald Francis→
director · ~66y · appointed 2000-01-14
View their other companies + combined net worth →
Active
MACLACHLAN, Morven Ann→
director · ~45y · appointed 2026-01-18
View their other companies + combined net worth →
Active
MBM SECRETARIAL SERVICES LIMITED→
corporate-secretary · appointed 2000-01-14 · resigned 2000-02-17
Resigned
CLARK, Peter Alan→
director · ~71y · appointed 2003-01-01 · resigned 2009-01-20
Resigned
IRWIN HOUSTON, Robert Stephan→
director · ~67y · appointed 2000-01-14 · resigned 2010-12-08
Resigned
KELLY, William Robert→
director · ~67y · appointed 2013-12-15 · resigned 2026-01-18
Resigned
THOMPSON, George William→
director · ~77y · appointed 2003-01-01 · resigned 2009-01-20
Resigned
MBM BOARD NOMINEES LIMITED→
corporate-nominee-director · appointed 2000-01-14 · resigned 2000-02-17
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Donald Francis Irwin Houston
Standard security1 property09/03/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (74 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-02-27
appoint-person-director-company-with-name-date
officers · AP01
2026-02-26
termination-director-company-with-name-termination-date
officers · TM01
2026-02-26
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-01-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-01-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-03-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-01-30