FIRST SCOTTISH GROUP LIMITED
🌳Matureactive
SC204657 · ltd · incorporated 2000-03-07
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
—
book net assets
Opportunity
77/100
Strong
What this business does
Primary activity: Other business support service activities n.e.c.
Sector: Administrative & support services
Investor take
PursueConservative operator with a 60-year-old founder — textbook succession opportunity.
Opportunity 77/100 (strong), bankability 77/100. Strong seller-intent signal (60/100, director aged 60). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 5 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (57/100).
🏦
Refinance opportunity
10 live charges · 5 lenders · oldest 25.9y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 25.9 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 53/100 (high).
Data confidence
Overall: high (84/100)Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.
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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
28 officers (4 active, 28 linked, 23 with DOB)
86
Ownership & PSC
1 active PSC(s) of 5 total, 5 with control declared
90
Director network
17 connected companies via shared directors
90
Filing history
186 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation
Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.
Available from the Pro tier upwards.
See pricing →Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
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 · FRS 102Profitable
Profit before tax £2,661,723
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 102| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Profit before tax | £2.66M | — |
| Average employees | 0 | 0 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
3 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 (95 events)Click to expand
- 2025-07-02📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-07-01📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-07-01📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-06-09➕RHODES, Lee James appointeddirector
- 2025-06-09➖LOWE, Sarah Julie resigneddirector
- 2025-02-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2025-01-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2024-12-31➖BARRY, Paul resigneddirector
- 2024-12-31➖FRASER, Ian James resigneddirector
- 2024-12-31➖ROSTAS, Robert Laszlo resigneddirector
- 2024-10-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-21📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-15📄appoint-person-director-company-with-name-dateofficers · AP01
- 2024-10-01➕ANDREWS, Michael Idris appointeddirector
- 2024-10-01➕BURTON, Samantha Jane appointeddirector
- 2024-10-01➕INNES, Lorna Anne appointeddirector
- 2024-10-01➕BURTON, Samantha Jane appointeddirector
- 2024-10-01➖BURTON, Samantha Jane resigneddirector
- 2024-10-01➕LOWE, Sarah Julie appointeddirector
- 2024-07-29📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-18📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-07-18🔓Charge satisfied #10
- 2024-07-18🔓Charge satisfied #9
- 2024-06-14📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC05
- 2023-11-28📄appoint-person-director-company-with-name-dateofficers · AP01
- 2023-11-28📄termination-director-company-with-name-termination-dateofficers · TM01
- 2023-11-20➖HARRISON, David George resigneddirector
- 2023-11-20➕ROSTAS, Robert Laszlo appointeddirector
- 2023-08-21📄accounts-with-accounts-type-smallaccounts · AA
- 2023-07-21📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-07-06🔒Charge registered #10Lender: Kroll Trustee Services Limited (As Security Agent)
- 2023-07-06🔒Charge registered #9Lender: Kroll Trustee Services Limited (As Security Agent)
- 2023-01-12📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-01-12🔓Charge satisfied #8
- 2023-01-12🔓Charge satisfied #7
- 2023-01-12🔓Charge satisfied #6
- 2021-05-07🔒Charge registered #8Lender: Glas Trust Corporation Limited (As Security Agent)
- 2021-05-07🔒Charge registered #7Lender: Glas Trust Corporation Limited (As Security Agent)
- 2021-05-07🔒Charge registered #6Lender: Glas Trust Corporation Limited as Security Trustee
- 2021-02-05🔓Charge satisfied #5
- 2021-02-05🔓Charge satisfied #4
- 2021-02-05🔓Charge satisfied #3
- 2019-05-02🔓Charge satisfied #2
- 2019-04-18➖BENNETT, Joe resigneddirector
Showing most recent 50 of 95 events
Owner dependency
48/100
Moderate — manageable with handoverSome founder dependency, but not acute. A structured handover period should cover most risk.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Senior director age: Director aged approximately 60 — approaching natural succession window.
Succession & seller-readiness
40/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
Red flags
1 med ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Fs Bidco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Fs Bidco Limited
Corporate parent · holds 75-100% shares · board control
⬇
FIRST SCOTTISH GROUP LIMITED
This company · SC204657
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 |
|---|---|---|---|---|
Fs Bidco Limited Corporate entity | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 18/04/2019 |
4 historic (ceased) PSCs
- Phenna Group Bidco Ltdceased 18/04/2019· 75-100% shares
- Fs Bidco Limitedceased 18/04/2019· 75-100% shares
- Souter Kent Limitedceased 21/08/2018· 75-100% voting
- John Wood Yorkstonceased 21/08/2018· 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
Active · Trade services · KY postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| EMPLOYMENT CULTURAL AND COMMUNITY TRUST LIMITED→ SC100851 · est 1986 | — | — | — | 0 | 39y | 83 | 77y |
| FLINTRIVER LIMITED→ SC211127 · est 2000 | — | — | £61.5k | — | 25y | 83 | 63y |
| PINPOINT LIMITED→ SC138358 · est 1992 | — | — | — | 49 | 33y | 83 | 63y |
| PREMIER EVENTS AND LEISURE COMPANY LIMITED→ SC217890 · est 2001 | — | — | — | 2700 | 25y | 83 | 62y |
| TURFFIT LTD.→ SC282220 · est 2005 | — | — | — | 1100 | 21y | 83 | 63y |
| AIR COMPRESSOR SERVICES (SCOTLAND) LIMITED→ SC229044 · est 2002 | — | — | — | 400 | 24y | 82 | 64y |
| ASIF ENTERPRISES LIMITED→ SC272291 · est 2004 | — | — | £1 | — | 21y | 82 | 76y |
| CALEDONIAN AGRICULTURAL MANAGEMENT SERVICES LIMITED→ SC068836 · est 1979 | — | — | — | 300 | 46y | 82 | 73y |
| CLEAR-VIEW FIFE LIMITED→ SC333848 · est 2007 | — | — | £274.4k | — | 18y | 82 | 65y |
| COMPASS BUSINESS INSTALLATIONS LTD.→ SC339691 · est 2008 | — | — | £123.8k | — | 18y | 82 | 63y |
| CORSIE INDUSTRIAL HOLDINGS LIMITED→ SC134851 · est 1991 | — | — | £778.0k | — | 34y | 82 | 70y |
| DRUMOIG TURF MAINTENANCE LIMITED→ SC232111 · est 2002 | — | — | — | 3200 | 23y | 82 | 62y |
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
Incorporated2000-03-07
Jurisdictionscotland
Primary SIC82990 — Other business support service activities n.e.c.
Registered office
C/O First Scottish
St Davids House
St Davids Drive
Dalgety Bay
KY11 9NB
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-06-28
Last: 2025-06-14
Officers (4 active · 24 resigned)
ANDREWS, Michael Idris→
Activedirector · ~58y · appointed 2024-10-01
View their other companies + combined net worth →
BURTON, Samantha Jane→
Activedirector · ~57y · appointed 2024-10-01
View their other companies + combined net worth →
INNES, Lorna Anne→
Activedirector · ~60y · appointed 2024-10-01
View their other companies + combined net worth →
RHODES, Lee James→
Activedirector · ~44y · appointed 2025-06-09
View their other companies + combined net worth →
BURTON, Samantha Jane→
Resignedsecretary · appointed 2008-01-01 · resigned 2018-08-21
HORNE, David William Murray→
Resignedsecretary · appointed 2000-05-05 · resigned 2002-04-18
FIRST SCOTTISH SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2000-03-07 · resigned 2000-05-05
LINDSAYS WS→
Resignedcorporate-secretary · appointed 2002-04-18 · resigned 2007-12-31
BARRY, Paul→
Resigneddirector · ~61y · appointed 2018-08-21 · resigned 2024-12-31
BENNETT, Joe→
Resigneddirector · ~39y · appointed 2018-08-21 · resigned 2019-04-18
BERTHINUSSEN, John Douglas→
Resigneddirector · ~46y · appointed 2012-10-10 · resigned 2018-08-21
BURTON, Samantha Jane→
Resigneddirector · ~57y · appointed 2024-10-01 · resigned 2024-10-01
BURTON, Samantha Jane→
Resigneddirector · ~57y · appointed 2009-02-03 · resigned 2018-08-21
CLARKE, Conor Thomas→
Resigneddirector · ~37y · appointed 2018-08-21 · resigned 2018-09-20
FARQUHARSON, Iain James→
Resigneddirector · ~66y · appointed 2005-01-01 · resigned 2005-11-01
FRASER, Ian James→
Resigneddirector · ~71y · appointed 2011-06-24 · resigned 2024-12-31
HARRISON, David George→
Resigneddirector · ~38y · appointed 2018-09-20 · resigned 2023-11-20
HODGINS, William Richard→
Resigneddirector · ~61y · appointed 2005-05-01 · resigned 2012-08-30
HORNE, David William Murray→
Resigneddirector · ~64y · appointed 2000-05-05 · resigned 2002-12-01
JOHNSTON, James Donnelly→
Resigneddirector · ~78y · appointed 2003-01-13 · resigned 2005-03-13
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
0
Outstanding
0
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Kroll Trustee Services (As Security Agent) Kroll Trustee Services Limited (As Security Agent) | A registered charge | — | 06/07/2023 | 18/07/2024 | |
| satisfied | Kroll Trustee Services (As Security Agent) Kroll Trustee Services Limited (As Security Agent) | A registered charge | — | 06/07/2023 | 18/07/2024 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 07/05/2021 | 12/01/2023 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 07/05/2021 | 12/01/2023 | |
| satisfied | Glas Trust Corporation as Security Trustee Glas Trust Corporation Limited as Security Trustee | A registered charge | 1 property | 07/05/2021 | 12/01/2023 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 18/04/2019 | 05/02/2021 | |
| satisfied | Glas Trust Corporation (As Security Agent) Glas Trust Corporation Limited (As Security Agent) | A registered charge | — | 18/04/2019 | 05/02/2021 | |
| satisfied | Glas Trust Corporation as Security Trustee Glas Trust Corporation Limited as Security Trustee | A registered charge | 1 property | 18/04/2019 | 05/02/2021 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale Bank and Yorkshire Bank) | A registered charge | — | 21/08/2018 | 02/05/2019 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 02/06/2000 | 04/05/2018 |
Recent filings (186 total)
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-02
appoint-person-director-company-with-name-date
officers · AP01
2025-07-01
termination-director-company-with-name-termination-date
officers · TM01
2025-07-01
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-26
termination-director-company-with-name-termination-date
officers · TM01
2025-02-28
termination-director-company-with-name-termination-date
officers · TM01
2025-01-16
termination-director-company-with-name-termination-date
officers · TM01
2025-01-16
termination-director-company-with-name-termination-date
officers · TM01
2025-01-16
appoint-person-director-company-with-name-date
officers · AP01
2024-10-28
appoint-person-director-company-with-name-date
officers · AP01
2024-10-28
appoint-person-director-company-with-name-date
officers · AP01
2024-10-28
appoint-person-director-company-with-name-date
officers · AP01
2024-10-21
appoint-person-director-company-with-name-date
officers · AP01
2024-10-15
accounts-with-accounts-type-small
accounts · AA
2024-07-29
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-18