EDDIE MAIR LIMITED

💤Zombieactive
SC212941 · ltd · incorporated 2000-11-17
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 Feb 2025
Net worth
£347.5k
book net assets
Opportunity
74/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
ALSO REGISTERED FOR
  • 56210Event catering activities
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 74/100 (strong), bankability 75/100. Strong seller-intent signal (68/100, director aged 57). 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 (58/100).

🏦

Refinance opportunity

6 live charges · 2 lenders · oldest 25.2y

30/100
under pressure

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

  • · Oldest live charge is 25.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

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
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
74/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Positive net assets
Net assets £347,499
Net assets shrinking
Down £731 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£347k
~ YoY
Current Assets
£692
↓ 32% YoY
Current Liabilities
—
£0£70k£139k£209k£279k£348kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2025-02-282024-02-29
Total assets£356.0k£362.7k
Current assets£692£1.0k
Net assets£347.5k£348.2k

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

🔒Filing-note intelligence

1 signal 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 (33 events)Click to expand
  1. 2025-09-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-10-21
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-10-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-11-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-09
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-06-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  8. 2021-04-27
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  9. 2019-12-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-01-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-11-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2017-02-13
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2017-02-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2017-01-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  15. 2016-11-18
    📄
    change-corporate-secretary-company-with-change-date
    officers · CH04
  16. 2014-02-21
    🔓
    Charge satisfied #5
  17. 2003-08-25
    ➖
    FORMAN, David John resigned
    director
  18. 2003-01-06
    🔓
    Charge satisfied #1
  19. 2002-12-18
    🔓
    Charge satisfied #4
  20. 2002-12-18
    🔓
    Charge satisfied #3
  21. 2002-12-18
    🔓
    Charge satisfied #2
  22. 2002-07-01
    🔒
    Charge registered #6
    Lender: The Governor and Company of the Bank of Scotland
  23. 2002-06-27
    🔒
    Charge registered #5
    Lender: The Governor and Company of the Bank of Scotland
  24. 2002-05-01
    ➕
    FORMAN, David John appointed
    director
  25. 2001-04-02
    🔒
    Charge registered #4
    Lender: Clydesdale Bank Public Limited Company
  26. 2001-04-02
    🔒
    Charge registered #3
    Lender: Clydesdale Bank Public Limited Company
  27. 2001-04-02
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  28. 2001-02-16
    ➕
    MAIR, Edward appointed
    director
  29. 2001-02-16
    ➖
    MILTON, Bruce resigned
    nominee-director
  30. 2001-02-16
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  31. 2000-11-17
    🏢
    Company incorporated
    As EDDIE MAIR LIMITED
  32. 2000-11-17
    ➕
    MASSON GLENNIE LLP appointed
    corporate-secretary
  33. 2000-11-17
    ➕
    MILTON, Bruce appointed
    nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "MAIR" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 25 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 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 25 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 Edward Mair
Individual · British · DOB 07/1969 · age 57
75–100%
—75-100% shares06/04/2016

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
Incorporated2000-11-17
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY

Filing status

Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-11-04
Last: 2025-10-21

Officers (2 active · 2 resigned)

MASSON GLENNIE LLP→
corporate-secretary · appointed 2000-11-17
View their other companies + combined net worth →
Active
MAIR, Edward→
director · ~57y · appointed 2001-02-16
View their other companies + combined net worth →
Active
FORMAN, David John→
director · ~66y · appointed 2002-05-01 · resigned 2003-08-25
Resigned
MILTON, Bruce→
nominee-director · ~69y · appointed 2000-11-17 · resigned 2001-02-16
Resigned

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

Mortgages & charges

6
Total charges
1
Outstanding
1
Active lenders
Status:Lender:6 of 6 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property01/07/2002—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security3 properties27/06/200221/02/2014
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/04/200118/12/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/04/200118/12/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property02/04/200118/12/2002
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property16/02/200106/01/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (90 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-21
accounts-with-accounts-type-micro-entity
accounts · AA
2025-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-micro-entity
accounts · AA
2024-10-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-18
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-10-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-12-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-21
gazette-filings-brought-up-to-date
gazette · DISS40
2021-05-01
gazette-notice-compulsory
gazette · GAZ1
2021-04-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-12-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-12-02