LETTOCH ASSOCIATES LIMITED

🌳Matureactive
SC222538 · ltd · incorporated 2001-08-24
Investment thesis
Well-run mature business — low negotiation leverage; premium likely.
Why interesting: Textbook target; clean filings, stable trading.
Why risky: No pressure on seller; any deal likely at full price.
Opportunity decay
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Aug 2025
Net worth
—
book net assets
Opportunity
81/100
Exceptional
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What this business does
Primary activity: Management consultancy activities other than financial management
Sector: Professional, scientific & technical
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 81/100 (exceptional), bankability 75/100. Strong seller-intent signal (70/100, director aged 59). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (75/100)

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
Confirmed no charges registered
85
Directors & officers
8 officers (3 active, 8 linked, 2 with DOB)
75
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
71 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
81/100Exceptional
PassWatchWorth a lookStrongExceptional 

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£6k£11k£17k£23k£29kAug 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—£21.0k
Current assets—£28.6k
Net assets—£19.2k
Average employees2—

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
1
filing
  • • 1 accounts
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-03-10
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-05-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2024-04-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-05-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  5. 2022-03-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-03-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  7. 2020-10-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2020-02-20
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-04-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2018-03-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2017-05-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2015-10-23
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-10-05
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-03-18
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2014-10-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2010-07-27
    ➕
    RAWSON, Steven James appointed
    secretary
  17. 2010-07-26
    ➖
    MACDONALD, Robert Iain Ferguson resigned
    secretary
  18. 2008-08-28
    ➕
    MACDONALD, Robert Iain Ferguson appointed
    secretary
  19. 2008-08-28
    ➖
    SKENE EDWARDS WS resigned
    corporate-nominee-secretary
  20. 2003-08-25
    ➖
    KENNEDY WS, Ian resigned
    secretary
  21. 2003-08-25
    ➕
    SKENE EDWARDS WS appointed
    corporate-nominee-secretary
  22. 2002-11-06
    ➕
    RAWSON, Steven James appointed
    director
  23. 2001-08-24
    🏢
    Company incorporated
    As LETTOCH ASSOCIATES LIMITED
  24. 2001-08-24
    ➕
    LEISHMAN, Kirsty Jane appointed
    director
  25. 2001-08-24
    ➕
    KENNEDY WS, Ian appointed
    secretary
  26. 2001-08-24
    ➕
    BRIAN REID LTD. appointed
    corporate-nominee-secretary
  27. 2001-08-24
    ➖
    BRIAN REID LTD. resigned
    corporate-nominee-secretary
  28. 2001-08-24
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-nominee-director
  29. 2001-08-24
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-nominee-director

Owner dependency

76/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 59 — approaching natural succession window.

Succession & seller-readiness

76/100
Likely off-market candidate

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Steven James Rawson
Individual · British · DOB 09/1967 · age 59
25–50%
—25-50% shares06/04/2016
Miss Kirsty Jane Leishman
Individual · British · DOB 07/1969 · age 57
25–50%
—25-50% 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

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
Incorporated2001-08-24
Jurisdictionscotland
Primary SIC70229 — Management consultancy activities other than financial management

Registered office

Lettoch Farm
Killiecrankie
Pitlochry
Perthshire
PH16 5LR

Filing status

Accounts
Next due: 2027-05-31
Last made up to: 2025-08-31
Confirmation statement
Next due: 2026-09-07
Last: 2025-08-24

Officers (3 active · 5 resigned)

RAWSON, Steven James→
secretary · appointed 2010-07-27
View their other companies + combined net worth →
Active
LEISHMAN, Kirsty Jane→
director · ~57y · appointed 2001-08-24
View their other companies + combined net worth →
Active
RAWSON, Steven James→
director · ~59y · appointed 2002-11-06
View their other companies + combined net worth →
Active
KENNEDY WS, Ian→
secretary · appointed 2001-08-24 · resigned 2003-08-25
Resigned
MACDONALD, Robert Iain Ferguson→
secretary · appointed 2008-08-28 · resigned 2010-07-26
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2001-08-24 · resigned 2001-08-24
Resigned
SKENE EDWARDS WS→
corporate-nominee-secretary · appointed 2003-08-25 · resigned 2008-08-28
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2001-08-24 · resigned 2001-08-24
Resigned

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

Recent filings (71 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2026-03-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-27
accounts-with-accounts-type-micro-entity
accounts · AA
2025-05-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2024-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-24
accounts-with-accounts-type-micro-entity
accounts · AA
2023-05-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-26
accounts-with-accounts-type-micro-entity
accounts · AA
2022-03-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-25
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2020-02-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-07