MEGA LEISURE (SCOTLAND) LIMITED

💤Zombieactive
SC207968 · ltd · incorporated 2000-06-08
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
£1.09M
book net assets
Opportunity
70/100
Strong
🔔
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What this business does
Primary activity: Gambling and betting activities
Sector: Arts, entertainment & recreation
ALSO REGISTERED FOR
  • 93290Other amusement and recreation activities n.e.c.
Investor take
Pursue
Strong opportunity: active trading company with strong profile and acceptable with review structure.

Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. 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 (38/100).

🏦

Refinance opportunity

17 live charges · 3 lenders · oldest 22.5y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: high (80/100)

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
17 charges (17/17 with lender, 17/17 with type)
90
Directors & officers
7 officers (2 active, 7 linked, 4 with DOB)
81
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
5 connected companies via shared directors
60
Filing history
91 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
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 £1,092,641
Cash YoY
-3%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£202k
↓ 3.1% YoY
Net Worth
£1.1m
↑ 7.3% YoY
Current Assets
£256k
↑ 7.5% YoY
Current Liabilities
—
£0£219k£437k£656k£874k£1.1mAug 2024Aug 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-08-312024-08-31
Total assets£1.47M£1.49M
Current assets£256.2k£238.4k
Cash£201.7k£208.1k
Debtors£54.5k£30.3k
Net assets£1.09M£1.02M

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
1
filing
  • • 1 accounts
Last 180 days
2
filings
  • • 1 accounts
  • • 1 persons-with-significant-control
Counts from Companies House filing history.
Corporate timeline (48 events)Click to expand
  1. 2026-03-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-11-18
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  3. 2025-11-04
    📄
    capital-allotment-shares
    capital · SH01
  4. 2025-06-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-05-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2024-12-14
    ➖
    GRAHAM, Charles resigned
    director
  7. 2024-04-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-07-07
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2022-05-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2021-05-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-06-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-05-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-05-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2017-10-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2017-09-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  16. 2017-09-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  17. 2017-09-07
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  18. 2010-04-09
    🔓
    Charge satisfied #11
  19. 2008-12-08
    🔒
    Charge registered #17
    Lender: Clydesdale Bank PLC
  20. 2008-04-21
    🔓
    Charge satisfied #1
  21. 2008-04-17
    🔒
    Charge registered #16
    Lender: Clydesdale Bank PLC
  22. 2008-04-17
    🔒
    Charge registered #15
    Lender: Clydesdale Bank PLC
  23. 2008-04-03
    🔒
    Charge registered #14
    Lender: Clydesdale Bank PLC
  24. 2008-04-03
    🔒
    Charge registered #13
    Lender: Clydesdale Bank PLC
  25. 2008-04-03
    🔒
    Charge registered #12
    Lender: Clydesdale Bank PLC
  26. 2008-04-03
    🔒
    Charge registered #11
    Lender: Clydesdale Bank PLC
  27. 2008-04-03
    🔒
    Charge registered #10
    Lender: Clydesdale Bank PLC
  28. 2008-04-03
    🔒
    Charge registered #9
    Lender: Clydesdale Bank PLC
  29. 2008-04-03
    🔒
    Charge registered #8
    Lender: Clydesdale Bank PLC
  30. 2007-09-27
    🔒
    Charge registered #7
    Lender: Clydesdale Bank Public Limited Company
  31. 2007-04-01
    ➕
    GRAHAM, Charles appointed
    director
  32. 2006-03-03
    🔒
    Charge registered #6
    Lender: The Royal Bank of Scotland PLC
  33. 2003-12-09
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  34. 2003-12-09
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  35. 2003-12-09
    🔒
    Charge registered #2
    Lender: The Royal Bank of Scotland PLC
  36. 2003-12-08
    🔒
    Charge registered #4
    Lender: The Royal Bank of Scotland PLC
  37. 2003-11-07
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  38. 2003-09-01
    ➕
    GRAHAM, Lesley Jane appointed
    secretary
  39. 2003-09-01
    ➖
    GRAHAM, Ethel resigned
    secretary
  40. 2003-09-01
    ➖
    GRAHAM, Charles resigned
    director
  41. 2003-09-01
    ➖
    GRAHAM, Ethel resigned
    director
  42. 2003-03-12
    ➕
    GRAHAM, Gary Cooper appointed
    director
  43. 2000-06-08
    🏢
    Company incorporated
    As MEGA LEISURE (SCOTLAND) LIMITED
  44. 2000-06-08
    ➕
    GRAHAM, Ethel appointed
    secretary
  45. 2000-06-08
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  46. 2000-06-08
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  47. 2000-06-08
    ➕
    GRAHAM, Charles appointed
    director
  48. 2000-06-08
    ➕
    GRAHAM, Ethel appointed
    director

Owner dependency

85/100
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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.

Succession & seller-readiness

75/100
Likely off-market candidate

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

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 26 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 · 1 low
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.

15 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Garry Graham
Individual · British · DOB 05/1971 · age 55
50–75%
50–75%board control50-75% shares · 50-75% voting · board control01/07/2016
Mrs Lesley Graham
Individual · British · DOB 10/1971 · age 55
25–50%
25–50%25-50% shares · 25-50% voting01/07/2016

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
Incorporated2000-06-08
Jurisdictionscotland
Primary SIC92000 — Gambling and betting activities

Registered office

Radleigh House 1 Golf Road
Clarkston
Glasgow
G76 7HU
Scotland

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-06-22
Last: 2025-06-08

Officers (2 active · 5 resigned)

GRAHAM, Lesley Jane→
secretary · appointed 2003-09-01
View their other companies + combined net worth →
Active
GRAHAM, Gary Cooper→
director · ~55y · appointed 2003-03-12
View their other companies + combined net worth →
Active
GRAHAM, Ethel→
secretary · appointed 2000-06-08 · resigned 2003-09-01
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-06-08 · resigned 2000-06-08
Resigned
GRAHAM, Charles→
director · ~92y · appointed 2007-04-01 · resigned 2024-12-14
Resigned
GRAHAM, Charles→
director · ~92y · appointed 2000-06-08 · resigned 2003-09-01
Resigned
GRAHAM, Ethel→
director · ~86y · appointed 2000-06-08 · resigned 2003-09-01
Resigned

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

Mortgages & charges

17
Total charges
15
Outstanding
2
Active lenders
Status:Lender:17 of 17 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property08/12/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property17/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property17/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
satisfied
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/200809/04/2010
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
outstanding
Virgin Money
Clydesdale Bank PLC
Standard security1 property03/04/2008—
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property27/09/2007—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property03/03/2006—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/12/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/12/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property09/12/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/12/2003—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property07/11/200321/04/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (91 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-11-18
capital-allotment-shares
capital · SH01
2025-11-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-06-09
termination-director-company-with-name-termination-date
officers · TM01
2025-06-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-05-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-04-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-06-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-06-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-05-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-18