PITLOCHRY LIMITED

🌳Matureactive
SC237019 · ltd · incorporated 2002-09-19
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
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 20.3y 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 Mar 2025
Net worth
£258.4k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
ALSO REGISTERED FOR
  • 70229Management consultancy activities other than financial management
  • 77390Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Investor take
Pursue
Property-backed borrower with a 74-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 2 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · oldest 20.3y

65/100
clean up first

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

  • · Oldest live charge is 20.3 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: medium (76/100)

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

Company profile
address, 3 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (3 active, 5 linked, 2 with DOB)
78
Ownership & PSC
2 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 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
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared
Positive net assets
Net assets £258,361
Net assets shrinking
Down £8,537 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£258k
↓ 3.2% YoY
Current Assets
£136k
~ YoY
Current Liabilities
—
£0£53k£107k£160k£214k£267kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£276.0k£286.9k
Current assets£136.5k£135.9k
Net assets£258.4k£266.9k

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
6
filings
  • • 3 persons-with-significant-control
  • • 3 officers
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2026-02-09
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  2. 2026-02-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  3. 2026-02-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  4. 2026-02-09
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  5. 2026-02-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-02-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  7. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-12-18
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2023-12-12
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2023-09-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  11. 2023-09-15
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  12. 2022-10-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2021-11-09
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  14. 2021-09-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  15. 2021-09-15
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2021-09-15
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  17. 2020-11-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2020-08-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  19. 2019-11-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  20. 2006-04-04
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  21. 2006-02-17
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  22. 2002-09-19
    🏢
    Company incorporated
    As PITLOCHRY LIMITED
  23. 2002-09-19
    ➕
    SMAILE, Daniel James appointed
    secretary
  24. 2002-09-19
    ➕
    SMAILE, Daniel James appointed
    director
  25. 2002-09-19
    ➕
    SMAILE, Derek Andrew appointed
    director
  26. 2002-09-19
    ➕
    ACS SECRETARIES LIMITED appointed
    corporate-nominee-secretary
  27. 2002-09-19
    ➖
    ACS SECRETARIES LIMITED resigned
    corporate-nominee-secretary
  28. 2002-09-19
    ➕
    ACS NOMINEES LIMITED appointed
    corporate-nominee-director
  29. 2002-09-19
    ➖
    ACS NOMINEES LIMITED resigned
    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 24 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 74 — 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 74 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

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 Daniel James Smaile
Individual · British · DOB 04/1976 · age 50
25–50%
25–50%25-50% shares · 25-50% voting26/09/2017
Mr Derek Andrew Smaile
Individual · British · DOB 08/1952 · age 74
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
1 historic (ceased) PSC
  • Ms Nicola Smailceased 09/02/2026· significant influence

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
Incorporated2002-09-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

8 Dundarach Gardens
Pitlochry
PH16 5DX

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-09-29
Last: 2025-09-15

Officers (3 active · 2 resigned)

SMAILE, Daniel James→
secretary · appointed 2002-09-19
View their other companies + combined net worth →
Active
SMAILE, Daniel James→
director · ~50y · appointed 2002-09-19
View their other companies + combined net worth →
Active
SMAILE, Derek Andrew→
director · ~74y · appointed 2002-09-19
View their other companies + combined net worth →
Active
ACS SECRETARIES LIMITED→
corporate-nominee-secretary · appointed 2002-09-19 · resigned 2002-09-19
Resigned
ACS NOMINEES LIMITED→
corporate-nominee-director · appointed 2002-09-19 · resigned 2002-09-19
Resigned

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

Mortgages & charges

2
Total charges
2
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property04/04/2006—
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property17/02/2006—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2026-02-09
change-person-director-company-with-change-date
officers · CH01
2026-02-09
change-person-director-company-with-change-date
officers · CH01
2026-02-09
change-person-secretary-company-with-change-date
officers · CH03
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-09
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-09
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-updates
confirmation-statement · CS01
2025-09-18
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-18
confirmation-statement-with-updates
confirmation-statement · CS01
2024-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-12
confirmation-statement-with-updates
confirmation-statement · CS01
2023-09-22
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-15
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-09-15
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-11