WILDERNESS GROUP LTD

📈Growthactive
SC211011 · ltd · incorporated 2000-09-14
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
—
Upgrade to see
Turnover
£11.85M
year to Apr 2025
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Tour operator activities
Sector: Administrative & support services
Investor take
Pursue
Strong opportunity: leverage-led grower with strong profile and acceptable with review structure.

Opportunity 79/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (78/100).

🏦

Refinance opportunity

6 live charges · 4 lenders · oldest 22.5y

45/100
clean up first

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

  • · Oldest live charge is 22.5 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.
  • · Profitable and stable/growing — lender coverage supportable.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 7 with DOB)
88
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
14 connected companies via shared directors
87
Filing history
118 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
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
82
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Profitable
Profit before tax £1,113,592
Strong revenue growth
Turnover up 20% YoY
Turnover YoY
+20%
Year on year

Key financials

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

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-04-302024-04-30
Turnover£11.85M£9.86M
Gross profit£4.45M£3.56M
Operating profit£1.10M£679.8k
Profit before tax£1.11M£708.4k
Average employees64005800

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

🔒Filing-note intelligence

4 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 (39 events)Click to expand
  1. 2025-11-26
    📄
    accounts-with-accounts-type-full
    accounts · AA
  2. 2024-11-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  3. 2024-01-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  4. 2023-08-17
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  5. 2022-12-22
    📄
    accounts-with-accounts-type-full
    accounts · AA
  6. 2022-10-05
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  7. 2022-10-05
    📄
    resolution
    resolution · RESOLUTIONS
  8. 2022-01-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  9. 2020-12-01
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  10. 2020-11-25
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  11. 2020-11-24
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2020-11-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  13. 2020-11-13
    🔒
    Charge registered #6
    Lender: National Westminster Bank PLC
  14. 2020-11-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  15. 2020-11-11
    🔒
    Charge registered #5
    Lender: Mobeus Equity Partners LLP (As Trustee)
  16. 2020-11-09
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-10-16
    🔒
    Charge registered #3
    Lender: Mobeus Equity Partners LLP (As Trustee)
  18. 2020-10-15
    📄
    accounts-with-accounts-type-full
    accounts · AA
  19. 2020-10-14
    🔒
    Charge registered #4
    Lender: National Westminster Bank PLC
  20. 2020-01-24
    📄
    accounts-with-accounts-type-full
    accounts · AA
  21. 2019-11-21
    📄
    change-person-director-company-with-change-date
    officers · CH01
  22. 2019-09-24
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  23. 2019-08-22
    ➕
    MCILRATH, Ian David Caldwell appointed
    director
  24. 2018-09-07
    ➖
    BIRNIE, Gordon William Valentine resigned
    director
  25. 2018-09-07
    ➖
    BIRNIE, Neil Robert resigned
    director
  26. 2018-09-07
    ➖
    PEDDER-DAVIES, Andrew Giles resigned
    director
  27. 2018-09-07
    🔒
    Charge registered #2
    Lender: Mobeus Equity Partners LLP as Security Trustee
  28. 2013-11-23
    🔓
    Charge satisfied #1
  29. 2012-12-01
    ➖
    BIRNIE, Neil Robert resigned
    secretary
  30. 2009-10-28
    ➕
    PEDDER-DAVIES, Andrew Giles appointed
    director
  31. 2005-06-02
    ➕
    CHRISTIE, Steven Burns appointed
    director
  32. 2005-06-02
    ➖
    BIRNIE, Rona resigned
    director
  33. 2003-11-27
    🔒
    Charge registered #1
    Lender: Hsbc Bank PLC
  34. 2001-04-05
    ➕
    BIRNIE, Rona appointed
    director
  35. 2000-09-14
    🏢
    Company incorporated
    As WILDERNESS GROUP LTD
  36. 2000-09-14
    ➕
    EASTO, Paul appointed
    director
  37. 2000-09-14
    ➕
    BIRNIE, Neil Robert appointed
    secretary
  38. 2000-09-14
    ➕
    BIRNIE, Gordon William Valentine appointed
    director
  39. 2000-09-14
    ➕
    BIRNIE, Neil Robert 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 26 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 58 — 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 58. Early succession window.
  • primary20+ year tenure: Director in role 26 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 low
5 live charges
low

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

Group structure

Active Travel Group Bidco Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Active Travel Group Bidco Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
WILDERNESS GROUP LTD
This company · SC211011

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
Active Travel Group Bidco Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control07/09/2018
2 historic (ceased) PSCs
  • Mr Neil Robert Birnieceased 07/09/2018· 25-50% shares
  • Mr Paul Eastoceased 07/09/2018· significant influence

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

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
Typeltd
Incorporated2000-09-14
Jurisdictionscotland
Primary SIC79120 — Tour operator activities

Registered office

Wilderness Scotland
Dalfaber Drive
Aviemore
Highland
PH22 1ST
Scotland

Filing status

Accounts
Next due: 2027-01-31
Last made up to: 2025-04-30
Confirmation statement
Next due: 2026-09-23
Last: 2025-09-09

Officers (3 active · 5 resigned)

CHRISTIE, Steven Burns→
director · ~50y · appointed 2005-06-02
View their other companies + combined net worth →
Active
EASTO, Paul→
director · ~53y · appointed 2000-09-14
View their other companies + combined net worth →
Active
MCILRATH, Ian David Caldwell→
director · ~58y · appointed 2019-08-22
View their other companies + combined net worth →
Active
BIRNIE, Neil Robert→
secretary · appointed 2000-09-14 · resigned 2012-12-01
Resigned
BIRNIE, Gordon William Valentine→
director · ~83y · appointed 2000-09-14 · resigned 2018-09-07
Resigned
BIRNIE, Neil Robert→
director · ~53y · appointed 2000-09-14 · resigned 2018-09-07
Resigned
BIRNIE, Rona→
director · ~51y · appointed 2001-04-05 · resigned 2005-06-02
Resigned
PEDDER-DAVIES, Andrew Giles→
director · ~58y · appointed 2009-10-28 · resigned 2018-09-07
Resigned

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

Mortgages & charges

6
Total charges
5
Outstanding
3
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge1 property13/11/2020—
outstanding
Mobeus Equity Partners (As Trustee)
Mobeus Equity Partners LLP (As Trustee)
A registered charge1 property11/11/2020—
outstanding
Mobeus Equity Partners (As Trustee)
Mobeus Equity Partners LLP (As Trustee)
A registered charge—16/10/2020—
outstanding
National Westminster Bank
National Westminster Bank PLC
A registered charge—14/10/2020—
outstanding
Mobeus Equity Partners as Security Trustee
Mobeus Equity Partners LLP as Security Trustee
A registered charge—07/09/2018—
satisfied
HSBC
Hsbc Bank PLC
Floating charge1 property27/11/200323/11/2013
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (118 total)

accounts-with-accounts-type-full
accounts · AA
2025-11-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-19
accounts-with-accounts-type-full
accounts · AA
2024-11-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-16
accounts-with-accounts-type-full
accounts · AA
2024-01-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-28
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2023-08-17
accounts-with-accounts-type-full
accounts · AA
2022-12-22
certificate-change-of-name-company
change-of-name · CERTNM
2022-10-05
resolution
resolution · RESOLUTIONS
2022-10-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-09
accounts-with-accounts-type-full
accounts · AA
2022-01-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-27
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-12-01
mortgage-alter-floating-charge-with-number
mortgage · 466(Scot)
2020-11-25