J. GILMOUR & CO. LIMITED

🌳Matureactive
SC268649 · ltd · incorporated 2004-06-02
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 Mar 2025
Net worth
£2.60M
book net assets
Opportunity
75/100
Strong
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What this business does
Primary activity: Processing and preserving of meat
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10130SIC 10130
  • 46320Wholesale of meat and meat products
  • 47910Retail sale via mail order houses or via Internet
Investor take
Pursue
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 75/100 (strong), bankability 57/100. Same-surname younger director in place — likely family handover, not open to sale. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

8 live charges · 4 lenders · oldest 21.8y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 21.8 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 33/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (79/100)

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

Company profile
address, 4 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
88 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
74
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 £2,599,213
Cash YoY
+1316%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£187k
↑ 1316% YoY
Net Worth
£2.6m
↑ 33% YoY
Current Assets
£4.2m
↑ 15% YoY
Current Liabilities
—
£0£840k£1.7m£2.5m£3.4m£4.2mMar 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£3.23M£2.73M
Current assets£4.20M£3.65M
Cash£187.2k£13.2k
Debtors£3.29M£2.94M
Net assets£2.60M£1.95M

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 accounts
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2025-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2025-03-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2025-03-11
    🔓
    Charge satisfied #3
  5. 2024-11-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2024-11-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2024-11-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2024-10-21
    ➕
    GILMOUR, Daniel Galloway appointed
    director
  9. 2024-10-21
    ➖
    GILMOUR, Simon Clark resigned
    director
  10. 2024-10-21
    ➖
    MURDOCH, Douglas Bruce resigned
    director
  11. 2024-06-11
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2024-06-04
    🔒
    Charge registered #8
    Lender: Hsbc UK Bank PLC
  13. 2024-03-28
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  14. 2024-03-26
    🔒
    Charge registered #7
    Lender: Hsbc UK Bank PLC
  15. 2024-01-15
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  16. 2024-01-12
    ➕
    MURDOCH, Douglas Bruce appointed
    director
  17. 2024-01-09
    ➖
    PRATT, John Frank Stamford resigned
    director
  18. 2024-01-09
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  19. 2023-07-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  20. 2023-06-01
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  21. 2023-05-25
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  22. 2023-05-25
    📄
    mortgage-alter-floating-charge-with-number
    mortgage · 466(Scot)
  23. 2023-05-17
    🔒
    Charge registered #6
    Lender: Hsbc UK Bank PLC
  24. 2023-04-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  25. 2023-04-29
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  26. 2023-04-29
    🔓
    Charge satisfied #2
  27. 2023-04-29
    🔓
    Charge satisfied #1
  28. 2023-04-17
    📄
    capital-name-of-class-of-shares
    capital · SH08
  29. 2023-04-05
    📄
    memorandum-articles
    incorporation · MA
  30. 2023-04-05
    📄
    resolution
    resolution · RESOLUTIONS
  31. 2023-03-31
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  32. 2023-03-31
    🔒
    Charge registered #5
    Lender: Hsbc Invoice Finance (UK) Limited
  33. 2023-03-30
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  34. 2022-10-13
    🔒
    Charge registered #4
    Lender: Hsbc UK Bank PLC
  35. 2022-04-05
    ➕
    PRATT, John Frank Stamford appointed
    director
  36. 2021-09-27
    🔒
    Charge registered #3
    Lender: Sirius Sport & Leisure Limited
  37. 2020-03-21
    ➖
    GILMOUR, John, The Estate Of The Late Mr. resigned
    director
  38. 2020-03-21
    ➕
    GILMOUR, Simon Clark appointed
    director
  39. 2008-12-31
    ➖
    BERRY, Isabella Inglis resigned
    secretary
  40. 2008-12-21
    ➕
    GILMOUR, Teena Forbes appointed
    secretary
  41. 2004-07-22
    🔒
    Charge registered #2
    Lender: Clydesdale Bank Public Limited Company
  42. 2004-07-02
    🔒
    Charge registered #1
    Lender: Clydesdale Bank Public Limited Company
  43. 2004-06-02
    🏢
    Company incorporated
    As J. GILMOUR & CO. LIMITED
  44. 2004-06-02
    ➕
    GILMOUR, Teena Forbes appointed
    director
  45. 2004-06-02
    ➕
    BERRY, Isabella Inglis appointed
    secretary
  46. 2004-06-02
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  47. 2004-06-02
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  48. 2004-06-02
    ➕
    GILMOUR, John, The Estate Of The Late Mr. appointed
    director
  49. 2004-06-02
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  50. 2004-06-02
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

100/100
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.
  • +Founder name in company name: Company name contains director surname "GILMOUR" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

36/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — GILMOUR, Daniel Galloway (same surname) appointed 2024-10-21. Pattern consistent with intra-family handover.
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

5 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Teena Forbes Gilmour
Individual · British · DOB 09/1957 · age 69
50–75%
50–75%board control50-75% shares · 50-75% voting · board control06/04/2016
1 historic (ceased) PSC
  • The Estate Of The Late Mr. John Gilmourceased 22/03/2023· 25-50% shares · 25-50% voting · board control

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

🔒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

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 →
🔒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
Incorporated2004-06-02
Jurisdictionscotland
Primary SIC10110 — Processing and preserving of meat

Registered office

The Industrial Building Penston
Macmerry
Tranent
East Lothian
EH33 2AJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01

Officers (3 active · 7 resigned)

GILMOUR, Teena Forbes→
secretary · appointed 2008-12-21
View their other companies + combined net worth →
Active
GILMOUR, Daniel Galloway→
director · ~41y · appointed 2024-10-21
View their other companies + combined net worth →
Active
GILMOUR, Teena Forbes→
director · ~69y · appointed 2004-06-02
View their other companies + combined net worth →
Active
BERRY, Isabella Inglis→
secretary · appointed 2004-06-02 · resigned 2008-12-31
Resigned
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2004-06-02 · resigned 2004-06-02
Resigned
GILMOUR, John, The Estate Of The Late Mr.→
director · ~74y · appointed 2004-06-02 · resigned 2020-03-21
Resigned
GILMOUR, Simon Clark→
director · ~38y · appointed 2020-03-21 · resigned 2024-10-21
Resigned
MURDOCH, Douglas Bruce→
director · ~76y · appointed 2024-01-12 · resigned 2024-10-21
Resigned
PRATT, John Frank Stamford→
director · ~70y · appointed 2022-04-05 · resigned 2024-01-09
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2004-06-02 · resigned 2004-06-02
Resigned

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

Mortgages & charges

8
Total charges
5
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property04/06/2024—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge7 properties26/03/2024—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property17/05/2023—
outstanding
HSBC
Hsbc Invoice Finance (UK) Limited
A registered charge—31/03/2023—
outstanding
HSBC
Hsbc UK Bank PLC
A registered charge1 property13/10/2022—
satisfied
Sirius Sport & Leisure
Sirius Sport & Leisure Limited
A registered charge1 property27/09/202111/03/2025
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Standard security1 property22/07/200429/04/2023
satisfied
Virgin Money
Clydesdale Bank Public Limited Company
Floating charge1 property02/07/200429/04/2023
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (88 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-23
confirmation-statement-with-updates
confirmation-statement · CS01
2025-08-14
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
mortgage-satisfy-charge-full
mortgage · MR04
2025-03-11
appoint-person-director-company-with-name-date
officers · AP01
2024-11-07
termination-director-company-with-name-termination-date
officers · TM01
2024-11-07
termination-director-company-with-name-termination-date
officers · TM01
2024-11-07
confirmation-statement-with-updates
confirmation-statement · CS01
2024-08-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-06-11
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-03-28
appoint-person-director-company-with-name-date
officers · AP01
2024-01-15
termination-director-company-with-name-termination-date
officers · TM01
2024-01-09
confirmation-statement-with-updates
confirmation-statement · CS01
2023-08-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2023-06-13