LA LANTERNA GLASGOW LTD

🌳Matureactive
SC274833 · ltd · incorporated 2004-10-18
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
—
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 83/100 (exceptional), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 18.0y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 18.0 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
5 officers (5 active, 5 linked, 4 with DOB)
86
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
2 connected companies via shared directors
51
Filing history
51 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
—
Current Assets
—
Current Liabilities
—
£0£0£0£0£0£0Nov 2023Nov 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-11-302023-11-30
Average employees322900

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

🔒Filing-note intelligence

2 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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-01-06
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  5. 2023-01-05
    📄
    second-filing-of-confirmation-statement-with-made-up-date
    confirmation-statement · RP04CS01
  6. 2022-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2021-09-01
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2020-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2019-08-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2018-08-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2017-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  12. 2017-07-25
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2016-08-31
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-18
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-10-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2015-09-30
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  17. 2015-09-19
    🔓
    Charge satisfied #1
  18. 2008-06-18
    ➕
    MARTINOLLI, Pamela appointed
    director
  19. 2008-04-29
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  20. 2004-11-30
    ➕
    CONRENO, Wendy appointed
    director
  21. 2004-10-18
    🏢
    Company incorporated
    As LA LANTERNA GLASGOW LTD
  22. 2004-10-18
    ➕
    MARTINOLLI, Pamela appointed
    secretary
  23. 2004-10-18
    ➕
    CONRENO, Luca appointed
    director
  24. 2004-10-18
    ➕
    MARTINOLLI, Chris appointed
    director

Owner dependency

66/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 22 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

70/100
Strong succession signal

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

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 60. Early succession window.
  • primary20+ year tenure: Director in role 22 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 22 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 Chris Martinolli
Individual · British · DOB 03/1971 · age 55
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/06/2016
Mr Luca Conreno
Individual · Italian · DOB 08/1966 · age 60
25–50%
25–50%board control25-50% shares · 25-50% voting · board control01/06/2016

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 →

Similar companies

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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
CAFE ANDALUZ RESTAURANTS LIMITED→
SC390599 · est 2010
£8.71M
£6.53M–£10.88M
——29815y8767y
ENOTECA SCOTLAND LIMITED→
SC327283 · est 2007
£8.47M
£6.35M–£10.59M
——21318y8367y
AN CLACHAN CAFE LIMITED→
SC313545 · est 2006
——£45.0k—19y8359y
AUCHENGEICH MINERS WELFARE SOCIETY AND SOCIAL CLUB LIMITED→
SC218856 · est 2001
——£220.3k—25y8390y
CRAIGENDMUIR LIMITED→
SC258280 · est 2003
——£1.34M—22y8360y
D'ARCY'S (GLASGOW) LIMITED→
SC264250 · est 2004 · no financials extracted
————22y8364y
DANNY'S SNACKS LIMITED→
SC338593 · est 2008 · no financials extracted
————18y8365y
DIXON ARMS (GLENROTHES) LIMITED→
SC325347 · est 2007 · no financials extracted
————18y8364y
JOHN MACLAREN AND SONS LIMITED→
SC291419 · est 2005
——£6.6k—20y8372y
KINGSRIDGE CLEDDANS ECONOMIC DEVELOPMENT GROUP→
SC133036 · est 1991 · no financials extracted
————34y8387y
LATHONES CARAVAN COMPANY LIMITED→
SC078119 · est 1982
———044y8368y
MATTHEW'S FOODS (SCOTLAND) LIMITED→
SC210734 · est 2000
——£1.81M—25y8359y
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

6 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
Incorporated2004-10-18
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

168 Bath Street
Glasgow
G2 4TP

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-11-01
Last: 2025-10-18

Officers (5 active · 0 resigned)

MARTINOLLI, Pamela→
secretary · appointed 2004-10-18
View their other companies + combined net worth →
Active
CONRENO, Luca→
director · ~60y · appointed 2004-10-18
View their other companies + combined net worth →
Active
CONRENO, Wendy→
director · ~57y · appointed 2004-11-30
View their other companies + combined net worth →
Active
MARTINOLLI, Chris→
director · ~55y · appointed 2004-10-18
View their other companies + combined net worth →
Active
MARTINOLLI, Pamela→
director · ~55y · appointed 2008-06-18
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—30/09/2015—
satisfied
Virgin Money
Clydesdale Bank PLC
Floating charge1 property29/04/200819/09/2015
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-08-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-08-31
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-01-06
second-filing-of-confirmation-statement-with-made-up-date
confirmation-statement · RP04CS01
2023-01-05
confirmation-statement-with-updates
confirmation-statement · CS01
2022-10-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-08-31
confirmation-statement-with-updates
confirmation-statement · CS01
2021-10-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-27
confirmation-statement-with-updates
confirmation-statement · CS01
2020-11-18
confirmation-statement-with-updates
confirmation-statement · CS01
2019-10-30