LEWIS KARTING CENTRE LIMITED
- · Oldest live charge 21.8y old — refinance window within 12 months
Opportunity 64/100 (worth a look), bankability 75/100. Strong seller-intent signal (78/100, director aged 75). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
Refinance opportunity
1 live charge · oldest 21.8y
Refinance viable after a tidy-up — address the highlighted items first.
- · Oldest live charge is 21.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 25/100 — workable, but lender will want more DD.
Data confidence
Overall: low (48/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Mixed signal. Worth opening the full target workup before deciding to pursue.
Recent activity
Corporate timeline (43 events)Click to expand
- 2013-04-05📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-04-05🏁Company dissolved
- 2012-12-14📄gazette-notice-voluntarygazette · GAZ1(A)
- 2012-12-03📄dissolution-application-strike-off-companydissolution · DS01
- 2012-02-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-10-28📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2011-01-12📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-09-23📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2010-01-18📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-01-18📄change-person-director-company-with-change-dateofficers · CH01
- 2009-11-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2009-01-26📄legacyannual-return · 363a
- 2008-10-30📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2008-01-23📄legacyannual-return · 363a
- 2007-11-01📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-04-03📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2007-01-17📄legacyannual-return · 363s
- 2007-01-17📄legacyannual-return · 363(287)
- 2006-06-08📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2006-01-04📄legacyannual-return · 363a
- 2006-01-04📄legacyofficers · 288a
- 2006-01-04📄legacyofficers · 288b
- 2005-11-30➕CUNNINGHAM, John Alexander appointedsecretary
- 2005-11-30➖NICOLSON, Ruaraidh Mackenzie resignedsecretary
- 2005-04-02📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2005-03-18📄legacyofficers · 288b
- 2005-03-01➖MURRAY, Alexander Malcolm resigneddirector
- 2005-02-28📄legacyannual-return · 363s
- 2005-02-28📄legacyannual-return · 363(288)
- 2004-08-23🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 2003-12-10➖MACKAY, Roderick resigneddirector
- 2003-09-30➖MACLEOD, Donald Roderick Graham resigneddirector
- 2002-10-10➕MACKAY, Roderick appointeddirector
- 2002-10-10➕MURRAY, Alexander Malcolm appointeddirector
- 2002-02-04➕MACLEOD, Malcolm Morrison appointeddirector
- 2002-02-04➕MACLEOD, Donald Roderick Graham appointeddirector
- 2001-12-27🏢Company incorporatedAs LEWIS KARTING CENTRE LIMITED
- 2001-12-27➕CUNNINGHAM, John Alexander appointeddirector
- 2001-12-27➕NICOLSON, Ruaraidh Mackenzie appointedsecretary
- 2001-12-27➕FIRST SCOTTISH SECRETARIES LIMITED appointedcorporate-nominee-secretary
- 2001-12-27➖FIRST SCOTTISH SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2001-12-27➕FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointedcorporate-nominee-director
- 2001-12-27➖FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resignedcorporate-nominee-director
Owner dependency
The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
- +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
Succession & seller-readiness
Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
- primaryFounder aged 70+: Senior director is approximately 75 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 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 24 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 high ·Company has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2013-04-05
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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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 →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
Registered office
Filing status
Officers (0 active · 6 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 23/08/2004 | — |