HANNIGAN HOTELS LTD.
🌳Matureactive
SC242324 · ltd · incorporated 2003-01-15
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jan 2025
Net worth
£9.90M
book net assets
Opportunity
70/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 70/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).
🏦
Refinance opportunity
13 live charges · 6 lenders · oldest 22.8y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 22.8 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
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
13 charges (13/13 with lender, 13/13 with type)
90
Directors & officers
8 officers (3 active, 8 linked, 4 with DOB)
80
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
98 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
70/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
60
Adequate — check latest filings for context.
Acquirability
60
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £9,897,113
Cash YoY
-39%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£1.1m
↓ 39% YoY
Net Worth
£9.9m
↑ 13% YoY
Current Assets
£1.2m
↓ 39% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2025-01-31 | 2024-01-31 |
|---|---|---|
| Total assets | £12.14M | £12.66M |
| Current assets | £1.21M | £1.98M |
| Cash | £1.10M | £1.81M |
| Debtors | £114.7k | £171.1k |
| Net assets | £9.90M | £8.79M |
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
1
filing
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (45 events)Click to expand
- 2025-06-10📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2024-06-20📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-18📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-05📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-07-26📄accounts-with-accounts-type-fullaccounts · AA
- 2020-09-30📄accounts-with-accounts-type-fullaccounts · AA
- 2020-02-17📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2020-02-11🔒Charge registered #13Lender: Clydesdale Bank PLC
- 2020-01-15📄capital-allotment-sharescapital · SH01
- 2020-01-15📄capital-allotment-sharescapital · SH01
- 2019-07-25📄accounts-with-accounts-type-fullaccounts · AA
- 2018-10-31📄accounts-with-accounts-type-fullaccounts · AA
- 2018-01-18📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-12-29🔒Charge registered #12Lender: Historic Environment Scotland
- 2017-09-26📄accounts-with-accounts-type-groupaccounts · AA
- 2017-03-23📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2017-03-23📄mortgage-alter-floating-charge-with-numbermortgage · 466(Scot)
- 2017-03-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2017-03-15🔒Charge registered #11Lender: Winter Ground Limited
- 2013-05-14➖HANNIGAN, Mhairi resigneddirector
- 2013-05-14➖HANNIGAN, Robert resigneddirector
- 2012-06-22🔒Charge registered #10Lender: Clydesdale Bank PLC
- 2011-09-14🔒Charge registered #9Lender: Clydesdale Bank PLC
- 2010-08-16🔒Charge registered #8Lender: Clydesdale Bank PLC
- 2008-01-31🔒Charge registered #7Lender: Clydesdale Bank Public Limited Company
- 2008-01-31🔒Charge registered #6Lender: Clydesdale Bank Public Limited Company
- 2008-01-22🔓Charge satisfied #3
- 2007-12-21🔓Charge satisfied #2
- 2007-11-09🔒Charge registered #5Lender: Clydesdale Bank Public Limited Company
- 2007-02-02🔒Charge registered #4Lender: Belhaven Brewery Company Limited
- 2007-01-08🔒Charge registered #3Lender: Belhaven Brewery Company Limited
- 2006-11-18🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 2003-06-27🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2003-01-15🏢Company incorporatedAs HANNIGAN HOTELS LTD.
- 2003-01-15➕HANNIGAN, Douglas appointedsecretary
- 2003-01-15➕HANNIGAN, Douglas appointeddirector
- 2003-01-15➕HANNIGAN, Karen appointeddirector
- 2003-01-15➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-secretary
- 2003-01-15➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-secretary
- 2003-01-15➕HANNIGAN, Mhairi appointeddirector
- 2003-01-15➕HANNIGAN, Robert appointeddirector
- 2003-01-15➕PETER TRAINER COMPANY SECRETARIES LTD. appointedcorporate-nominee-director
- 2003-01-15➖PETER TRAINER COMPANY SECRETARIES LTD. resignedcorporate-nominee-director
- 2003-01-15➕PETER TRAINER CORPORATE SERVICES LTD. appointedcorporate-nominee-director
- 2003-01-15➖PETER TRAINER CORPORATE SERVICES LTD. resignedcorporate-nominee-director
Owner dependency
91/100
Critical — business is the founderThe 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.
- +Founder name in company name: Company name contains director surname "HANNIGAN" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 23 years — deep operational knowledge concentrated in one person.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
66/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- primary20+ year tenure: Director in role 23 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 23 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 · 1 lowCharge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
11 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Douglas Hannigan Individual · British · DOB 02/1970 · age 56 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Karen Hannigan Individual · British · DOB 10/1971 · age 55 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| GRACE RESTAURANT GROUP LTD→ SC842124 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| HIGHLAND LODGE ESCAPES LIMITED→ SC707111 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| HONG YUN STIRLING LTD→ SC787663 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| HUNGRY EVENTS LIMITED→ SC808280 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| ICE ICE BABY ICE CREAM PARLOUR LTD→ SC770595 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| INABAH LTD→ SC881591 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| JINET'S HOOSE LIMITED→ SC721737 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| KARMA SCOTTISH HOLDINGS LIMITED→ SC713933 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| KEBABISH FK2 LIMITED→ SC836243 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| KELPIES ACCOMMODATION LTD→ SC739645 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| KELPIES AND CASTLES SELF CATERING HOLIDAY ACCOMMODATION LTD→ SC546034 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| KELPIES CENTRAL LTD→ SC739647 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
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
Incorporated2003-01-15
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
Unit 5 Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX
Filing status
Accounts
Next due: 2026-10-31
Last made up to: 2025-01-31
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12
Officers (3 active · 5 resigned)
Active
HANNIGAN, Douglas→
Activedirector · ~56y · appointed 2003-01-15
View their other companies + combined net worth →
HANNIGAN, Karen→
Activedirector · ~55y · appointed 2003-01-15
View their other companies + combined net worth →
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-secretary · appointed 2003-01-15 · resigned 2003-01-15
HANNIGAN, Mhairi→
Resigneddirector · ~81y · appointed 2003-01-15 · resigned 2013-05-14
HANNIGAN, Robert→
Resigneddirector · ~83y · appointed 2003-01-15 · resigned 2013-05-14
PETER TRAINER COMPANY SECRETARIES LTD.→
Resignedcorporate-nominee-director · appointed 2003-01-15 · resigned 2003-01-15
PETER TRAINER CORPORATE SERVICES LTD.→
Resignedcorporate-nominee-director · appointed 2003-01-15 · resigned 2003-01-15
Click a director name to see their full track record across all companies.
Mortgages & charges
13
Total charges
11
Outstanding
5
Active lenders
Status:Lender:13 of 13 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Virgin Money Clydesdale Bank PLC | A registered charge | 2 properties | 11/02/2020 | — | |
| outstanding | Historic Environment Scotland | A registered charge | 1 property | 29/12/2017 | — | |
| outstanding | Winter Ground Winter Ground Limited | A registered charge | 9 properties | 15/03/2017 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 22/06/2012 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 14/09/2011 | — | |
| outstanding | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 16/08/2010 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 31/01/2008 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Standard security | 1 property | 31/01/2008 | — | |
| outstanding | Virgin Money Clydesdale Bank Public Limited Company | Floating charge | 1 property | 09/11/2007 | — | |
| outstanding | Belhaven Brewery Company Belhaven Brewery Company Limited | Standard security | 1 property | 02/02/2007 | — | |
| satisfied | Belhaven Brewery Company Belhaven Brewery Company Limited | Floating charge | 1 property | 08/01/2007 | 22/01/2008 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 18/11/2006 | 21/12/2007 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 27/06/2003 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (98 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-06-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-18
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-04-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-23
accounts-with-accounts-type-full
accounts · AA
2021-07-26
confirmation-statement-with-updates
confirmation-statement · CS01
2020-12-21
accounts-with-accounts-type-full
accounts · AA
2020-09-30
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2020-02-17
capital-allotment-shares
capital · SH01
2020-01-15
capital-allotment-shares
capital · SH01
2020-01-15