CAIRNCENTRE LIMITED

🌳Matureactive
SC211068 · ltd · incorporated 2000-09-15
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.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 24.3y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Oct 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 79/100 (strong), bankability 75/100. Strong seller-intent signal (93/100, director aged 70). 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 (73/100).

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 24.3y

50/100
clean up first

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

  • · Oldest live charge is 24.3 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 6 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
87 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
77
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£0Oct 2023Oct 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · IFRS
Metric2024-10-312023-10-31
Average employees33003200

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
3
filings
  • • 3 mortgage
Counts from Companies House filing history.
Corporate timeline (42 events)Click to expand
  1. 2026-01-23
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  2. 2026-01-23
    🔓
    Charge satisfied #4
  3. 2026-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2026-01-13
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2026-01-13
    🔓
    Charge satisfied #2
  6. 2026-01-13
    🔓
    Charge satisfied #1
  7. 2025-10-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  8. 2025-10-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  9. 2025-09-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  10. 2025-09-04
    🔒
    Charge registered #4
    Lender: James Mark Keane as Lender
  11. 2025-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2023-09-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  14. 2023-09-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2023-09-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2023-09-20
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  17. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2022-07-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-07-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2021-03-25
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  21. 2020-10-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2020-08-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  23. 2017-10-31
    ➕
    GASSABI, Layla appointed
    director
  24. 2017-07-31
    ➖
    MACKAY, Bruce Fraser resigned
    director
  25. 2009-12-05
    ➖
    GASSABI, Joanne resigned
    secretary
  26. 2009-12-05
    ➖
    GASSABI, Joanne resigned
    director
  27. 2005-07-14
    ➖
    STILL, Gary resigned
    director
  28. 2005-07-06
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  29. 2005-07-06
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  30. 2004-02-20
    ➖
    MCKENZIE, George Thomas resigned
    director
  31. 2003-11-01
    ➕
    STILL, Gary appointed
    director
  32. 2002-02-18
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  33. 2001-03-22
    ➕
    MACKAY, Bruce Fraser appointed
    director
  34. 2001-03-22
    ➕
    MCKENZIE, George Thomas appointed
    director
  35. 2000-10-10
    ➕
    GASSABI, Nasr Eddine appointed
    director
  36. 2000-10-10
    ➕
    GASSABI, Joanne appointed
    secretary
  37. 2000-10-10
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  38. 2000-10-10
    ➕
    GASSABI, Joanne appointed
    director
  39. 2000-10-10
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director
  40. 2000-09-15
    🏢
    Company incorporated
    As CAIRNCENTRE LIMITED
  41. 2000-09-15
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  42. 2000-09-15
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director

Owner dependency

91/100
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 70 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

96/100
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.
  • 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 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.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Nasr Eddine Gassabi
Individual · British · DOB 09/1956 · age 70
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.

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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
Incorporated2000-09-15
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

3 Queen Street
Edinburgh
EH2 1JE
Scotland

Filing status

Accounts
Next due: 2026-07-31
Last made up to: 2024-10-31
Confirmation statement
Next due: 2026-10-30
Last: 2025-10-16

Officers (2 active · 7 resigned)

GASSABI, Layla→
director · ~46y · appointed 2017-10-31
View their other companies + combined net worth →
Active
GASSABI, Nasr Eddine→
director · ~70y · appointed 2000-10-10
View their other companies + combined net worth →
Active
GASSABI, Joanne→
secretary · appointed 2000-10-10 · resigned 2009-12-05
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2000-09-15 · resigned 2000-10-10
Resigned
GASSABI, Joanne→
director · ~67y · appointed 2000-10-10 · resigned 2009-12-05
Resigned
MACKAY, Bruce Fraser→
director · ~80y · appointed 2001-03-22 · resigned 2017-07-31
Resigned
MCKENZIE, George Thomas→
director · ~76y · appointed 2001-03-22 · resigned 2004-02-20
Resigned
STILL, Gary→
director · ~60y · appointed 2003-11-01 · resigned 2005-07-14
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2000-09-15 · resigned 2000-10-10
Resigned

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

Mortgages & charges

4
Total charges
1
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
James Mark Keane as Lender
A registered charge1 property04/09/202523/01/2026
outstanding
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property06/07/2005—
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property06/07/200513/01/2026
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property18/02/200213/01/2026
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (87 total)

mortgage-satisfy-charge-full
mortgage · MR04
2026-01-23
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-13
mortgage-satisfy-charge-full
mortgage · MR04
2026-01-13
confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-17
change-person-director-company-with-change-date
officers · CH01
2025-10-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2025-10-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-09-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-09-10
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-07-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-18
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-20
change-person-director-company-with-change-date
officers · CH01
2023-09-20
change-person-director-company-with-change-date
officers · CH01
2023-09-20
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-20