THE PAIRC TRUST

🌳Matureactive
SC261145 · private-limited-guarant-nsc-limited-exemption · incorporated 2003-12-19
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£921.7k
book net assets
Opportunity
77/100
Strong
🔔
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower with a 79-year-old founder — textbook succession opportunity.

Opportunity 77/100 (strong), bankability 80/100. Strong seller-intent signal (63/100, director aged 79). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Cash flow review and working-capital discipline. Cash down -34% YoY — forensic review of receivables, stock turns, and creditor days. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 7.3y

45/100
under pressure

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

  • · Oldest live charge is 7.3 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (72/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
69 officers (6 active, 69 linked, 59 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
211 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
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £921,742
Net assets shrinking
Down £39,405 YoY
Cash YoY
-34%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£51k
↓ 34% YoY
Net Worth
£922k
↓ 4.1% YoY
Current Assets
£79k
↓ 27% YoY
Current Liabilities
—
£0£192k£384k£577k£769k£961kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£921.7k£961.1k
Current assets£78.6k£107.2k
Cash£51.4k£78.0k
Debtors£27.2k£29.3k
Net assets£921.7k£961.1k

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

🔒Filing-note intelligence

3 signals 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
3
filings
  • • 2 officers
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (157 events)Click to expand
  1. 2026-03-03
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-02-24
    ➖
    MACLEOD, Iain Norman resigned
    director
  3. 2026-01-23
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2026-01-19
    ➕
    WILSON, Joseph appointed
    director
  5. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2025-11-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2025-10-23
    ➖
    MATHESON, John Murdo resigned
    director
  8. 2025-09-23
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2025-09-22
    ➖
    MCLAUGHLIN, Jenny resigned
    director
  10. 2025-06-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  11. 2025-05-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-05-12
    ➖
    COLES, Christopher Frederick resigned
    director
  13. 2024-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2024-12-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2024-12-10
    ➖
    WILSON, Joseph resigned
    director
  16. 2024-09-25
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-09-23
    ➕
    SZALAY, Zsolt appointed
    director
  18. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  19. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  22. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  23. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  24. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  25. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  26. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  27. 2024-06-20
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  28. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  29. 2024-06-20
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  30. 2024-06-19
    ➕
    KENNEDY, Kenneth appointed
    director
  31. 2024-06-19
    ➕
    MCDOWALL, Angus Donald appointed
    director
  32. 2024-06-19
    ➕
    NICOLSON, Donald Campbell appointed
    director
  33. 2024-06-19
    ➕
    COLES, Christopher Frederick appointed
    director
  34. 2024-06-19
    ➕
    MACLEOD, Iain Norman appointed
    director
  35. 2024-06-19
    ➕
    MCLAUGHLIN, Jenny appointed
    director
  36. 2024-06-18
    ➖
    KENNEDY, Kenneth resigned
    director
  37. 2024-06-18
    ➖
    MACLEOD, Iain Norman resigned
    director
  38. 2024-06-18
    ➖
    MCDOWALL, Angus Donald resigned
    director
  39. 2024-06-18
    ➖
    MCLAUGHLIN, Jenny resigned
    director
  40. 2024-06-18
    ➖
    NICOLSON, Angus Campbell resigned
    director
  41. 2024-06-18
    ➖
    NICOLSON, Donald resigned
    director
  42. 2024-03-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  43. 2024-02-27
    ➕
    MCLAUGHLIN, Jenny appointed
    director
  44. 2024-02-27
    ➕
    NICOLSON, Donald appointed
    director
  45. 2023-06-20
    ➖
    SCOTT, Audrey resigned
    director
  46. 2023-05-16
    ➖
    MACKAY, Kenneth resigned
    director
  47. 2022-10-06
    ➕
    MACKENZIE, Emma appointed
    secretary
  48. 2022-10-06
    ➖
    MALLISON, Bridget Lucy resigned
    secretary
  49. 2022-03-22
    ➕
    MALLISON, Bridget Lucy appointed
    secretary
  50. 2022-03-22
    ➖
    STOKES, Fiona Elizabeth resigned
    secretary
Showing most recent 50 of 157 events

Owner dependency

55/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • -5 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 79 — succession pressure is live.

Succession & seller-readiness

60/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 79 years old. Natural succession window is now.

Red flags

1 med ·
3 director resignations in last 12 months
medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MACLEOD, Iain Norman resigned 2026-02-24; MATHESON, John Murdo resigned 2025-10-23; MCLAUGHLIN, Jenny resigned 2025-09-22

🔒Co-director network graph

Radial SVG graph showing every company connected via shared directors, colour-coded by status.

Available from the Pro tier upwards.

See pricing →

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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
Typeprivate-limited-guarant-nsc-limited-exemption
Incorporated2003-12-19
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

The Resource Centre Kershader
Lochs
Isle Of Lewis
HS2 9QA

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-11-28
Last: 2025-11-14

Officers (6 active · 63 resigned)

MACKENZIE, Emma→
secretary · appointed 2022-10-06
View their other companies + combined net worth →
Active
KENNEDY, Kenneth→
director · ~76y · appointed 2024-06-19
View their other companies + combined net worth →
Active
MCDOWALL, Angus Donald→
director · ~70y · appointed 2024-06-19
View their other companies + combined net worth →
Active
NICOLSON, Donald Campbell→
director · ~43y · appointed 2024-06-19
View their other companies + combined net worth →
Active
SZALAY, Zsolt→
director · ~58y · appointed 2024-09-23
View their other companies + combined net worth →
Active
WILSON, Joseph→
director · ~79y · appointed 2026-01-19
View their other companies + combined net worth →
Active
BEGG, Iain Donald→
secretary · appointed 2009-09-04 · resigned 2011-11-17
Resigned
BLACK, Morris Smith→
secretary · appointed 2003-12-26 · resigned 2006-06-09
Resigned
CAMPBELL, Maretta→
secretary · appointed 2011-11-17 · resigned 2016-05-19
Resigned
ELLIS, Jennifer→
secretary · appointed 2016-08-10 · resigned 2017-08-04
Resigned
MACARTHUR, Donald John→
secretary · appointed 2006-06-13 · resigned 2009-09-04
Resigned
MACLEOD, Kenneth John Baillie Stewart→
secretary · appointed 2003-12-19 · resigned 2004-02-19
Resigned
MALLISON, Bridget Lucy→
secretary · appointed 2022-03-22 · resigned 2022-10-06
Resigned
STOKES, Fiona Elizabeth→
secretary · appointed 2017-08-21 · resigned 2022-03-22
Resigned
ALSTON, Alison Faith→
director · ~65y · appointed 2004-02-16 · resigned 2008-08-21
Resigned
BEGG, Iain Donald→
director · ~50y · appointed 2009-09-04 · resigned 2011-11-17
Resigned
BLACK, Morris Smith→
director · ~62y · appointed 2010-09-30 · resigned 2011-10-13
Resigned
BLACK, Morris Smith→
director · ~62y · appointed 2007-06-29 · resigned 2010-09-30
Resigned
BLACK, Morris Smith→
director · ~62y · appointed 2003-12-26 · resigned 2006-06-09
Resigned
CAMPBELL, Angus Iain→
director · ~87y · appointed 2003-12-19 · resigned 2004-02-19
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
The Scottish Ministers
A registered charge2 properties06/03/2019—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (211 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-03-03
appoint-person-director-company-with-name-date
officers · AP01
2026-01-23
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-14
termination-director-company-with-name-termination-date
officers · TM01
2025-11-07
termination-director-company-with-name-termination-date
officers · TM01
2025-09-23
change-person-director-company-with-change-date
officers · CH01
2025-06-25
termination-director-company-with-name-termination-date
officers · TM01
2025-05-21
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-12-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-23
termination-director-company-with-name-termination-date
officers · TM01
2024-12-13
appoint-person-director-company-with-name-date
officers · AP01
2024-09-25
appoint-person-director-company-with-name-date
officers · AP01
2024-06-20
appoint-person-director-company-with-name-date
officers · AP01
2024-06-20
termination-director-company-with-name-termination-date
officers · TM01
2024-06-20