FAIRWAYS INVERNESS LIMITED

🌳Matureactive
SC275270 · ltd · incorporated 2004-10-28
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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 Jun 2025
Net worth
£113.5k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 56302Public houses and bars
  • 68100Buying and selling of own real estate
  • 93110Operation of sports facilities
Investor take
Pursue
Active trading company with a 84-year-old founder — textbook succession opportunity.

Opportunity 80/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 84). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

18 live charges · 8 lenders · oldest 19.4y

35/100
too messy

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

  • · Oldest live charge is 19.4 years old — likely at or near maturity.
  • · 8 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: high (83/100)

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

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
18 charges (18/18 with lender, 18/18 with type)
90
Directors & officers
9 officers (4 active, 9 linked, 6 with DOB)
83
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
28 connected companies via shared directors
90
Filing history
118 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
77
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 £113,455
Cash YoY
+24%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£267k
↑ 24% YoY
Net Worth
£113k
↑ 263% YoY
Current Assets
£4.4m
↑ 4.3% YoY
Current Liabilities
—
-£70k£825k£1.7m£2.6m£3.5m£4.4mJun 2024Jun 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-06-302024-06-30
Total assets£3.88M£3.74M
Current assets£4.40M£4.22M
Cash£267.0k£215.8k
Debtors£76.1k£90.5k
Net assets£113.5k£-69.7k

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
1
filing
  • • 1 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
  1. 2026-03-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-12-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  3. 2025-12-08
    ➕
    MACLENNAN, Fiona appointed
    director
  4. 2025-12-08
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2025-12-05
    ➕
    FRASER, George Gabriel appointed
    director
  6. 2025-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2024-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2023-06-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  9. 2023-06-29
    🔒
    Charge registered #18
    Lender: Ict Battery Storage Limited
  10. 2023-05-19
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  11. 2023-05-19
    🔓
    Charge satisfied #15
  12. 2023-04-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2022-05-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2021-06-02
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-11-09
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  16. 2020-11-07
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  17. 2020-10-29
    🔒
    Charge registered #17
    Lender: The Royal Bank of Scotland PLC
  18. 2020-10-21
    📄
    capital-allotment-shares
    capital · SH01
  19. 2020-10-15
    📄
    memorandum-articles
    incorporation · MA
  20. 2020-10-15
    📄
    resolution
    resolution · RESOLUTIONS
  21. 2020-06-03
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  22. 2020-05-27
    🔒
    Charge registered #16
    Lender: The Royal Bank of Scotland PLC
  23. 2020-03-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  24. 2019-07-05
    🔒
    Charge registered #15
    Lender: Kirkwood Homes Limited
  25. 2019-06-26
    ➕
    SUTHERLAND, David Fraser appointed
    director
  26. 2019-04-04
    🔓
    Charge satisfied #12
  27. 2019-02-06
    🔓
    Charge satisfied #10
  28. 2018-10-15
    🔓
    Charge satisfied #14
  29. 2018-10-15
    🔓
    Charge satisfied #13
  30. 2018-10-15
    🔓
    Charge satisfied #8
  31. 2018-07-31
    🔓
    Charge satisfied #9
  32. 2018-07-23
    🔒
    Charge registered #14
    Lender: Upland Developments Limited
  33. 2018-07-23
    🔒
    Charge registered #13
    Lender: The Highland Council
  34. 2018-03-22
    🔓
    Charge satisfied #11
  35. 2018-03-22
    🔓
    Charge satisfied #5
  36. 2016-05-27
    🔓
    Charge satisfied #1
  37. 2015-11-30
    🔓
    Charge satisfied #7
  38. 2015-11-30
    🔓
    Charge satisfied #6
  39. 2015-11-27
    🔒
    Charge registered #12
    Lender: Upland Developments Limited
  40. 2015-11-26
    🔒
    Charge registered #11
    Lender: Deutsche Bank Ag, London Branch
  41. 2015-11-25
    🔒
    Charge registered #10
    Lender: Upland Developments Limited
  42. 2015-11-25
    🔒
    Charge registered #9
    Lender: Upland Developments Limited
  43. 2015-11-25
    🔒
    Charge registered #8
    Lender: Upland Developments Limited
  44. 2014-11-10
    ➖
    HAGGERTY, Jane resigned
    secretary
  45. 2013-12-05
    🔒
    Charge registered #7
    Lender: Deutsche Bank Ag, London Branch
  46. 2013-12-05
    🔒
    Charge registered #6
    Lender: Deutsche Bank Ag, London Branch
  47. 2013-12-05
    🔒
    Charge registered #5
    Lender: Deutsche Bank Ag, London Branch
  48. 2013-11-28
    ➖
    FRASER, George Gabriel resigned
    director
  49. 2011-12-31
    ➕
    FRASER, George Gabriel appointed
    director
  50. 2011-12-31
    ➖
    SUTHERLAND, David Fraser resigned
    director
Showing most recent 50 of 65 events

Owner dependency

65/100
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.
  • +Founder age: Director aged approximately 84 — succession pressure is live.

Succession & seller-readiness

80/100
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 84 years old. Natural succession window is now.
  • 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 ·
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.

Group structure

Dornoch Developments Ltd holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Dornoch Developments Ltd
Corporate parent · holds 25-50% shares
significant stake
⬇
FAIRWAYS INVERNESS LIMITED
This company · SC275270

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Dornoch Developments Ltd
Corporate entity
25–50%
—25-50% shares01/07/2019
Mr David John Cameron
Individual · British · DOB 12/1942 · age 84
25–50%
—25-50% shares06/04/2016

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 →

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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
Incorporated2004-10-28
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

First Floor
111 Grampian Road
Aviemore
Inverness-Shire
PH22 1RH

Filing status

Accounts
Next due: 2027-03-31
Last made up to: 2025-06-30
Confirmation statement
Next due: 2027-05-25
Last: 2026-05-11

Officers (4 active · 5 resigned)

CAMERON, David John→
director · ~84y · appointed 2004-11-08
View their other companies + combined net worth →
Active
FRASER, George Gabriel→
director · ~72y · appointed 2025-12-05
View their other companies + combined net worth →
Active
MACLENNAN, Fiona→
director · ~56y · appointed 2025-12-08
View their other companies + combined net worth →
Active
SUTHERLAND, David Fraser→
director · ~77y · appointed 2019-06-26
View their other companies + combined net worth →
Active
HAGGERTY, Jane→
secretary · appointed 2004-11-08 · resigned 2014-11-10
Resigned
BRIAN REID LTD.→
corporate-nominee-secretary · appointed 2004-10-28 · resigned 2004-11-08
Resigned
FRASER, George Gabriel→
director · ~72y · appointed 2011-12-31 · resigned 2013-11-28
Resigned
SUTHERLAND, David Fraser→
director · ~77y · appointed 2007-12-11 · resigned 2011-12-31
Resigned
STEPHEN MABBOTT LTD.→
corporate-nominee-director · appointed 2004-10-28 · resigned 2004-11-08
Resigned

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

Mortgages & charges

18
Total charges
3
Outstanding
2
Active lenders
Status:Lender:18 of 18 shown
TypeProperties
outstanding
Ict Battery Storage
Ict Battery Storage Limited
A registered charge1 property29/06/2023—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge1 property29/10/2020—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
A registered charge—27/05/2020—
satisfied
Kirkwood Homes
Kirkwood Homes Limited
A registered charge1 property05/07/201919/05/2023
satisfied
Upland Developments
Upland Developments Limited
A registered charge1 property23/07/201815/10/2018
satisfied
The Highland Council
A registered charge1 property23/07/201815/10/2018
satisfied
Upland Developments
Upland Developments Limited
A registered charge1 property27/11/201504/04/2019
satisfied
Deutsche Bank Ag, London Branch
A registered charge1 property26/11/201522/03/2018
satisfied
Upland Developments
Upland Developments Limited
A registered charge1 property25/11/201506/02/2019
satisfied
Upland Developments
Upland Developments Limited
A registered charge1 property25/11/201531/07/2018
satisfied
Upland Developments
Upland Developments Limited
A registered charge1 property25/11/201515/10/2018
satisfied
Deutsche Bank Ag, London Branch
A registered charge1 property05/12/201330/11/2015
satisfied
Deutsche Bank Ag, London Branch
A registered charge1 property05/12/201330/11/2015
satisfied
Deutsche Bank Ag, London Branch
A registered charge1 property05/12/201322/03/2018
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property28/12/200705/12/2009
satisfied
Lloyds Banking Group
Bank of Scotland PLC
Standard security1 property28/12/200705/12/2009
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property03/04/200705/12/2009
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property12/02/200727/05/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (118 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-03-12
appoint-person-director-company-with-name-date
officers · AP01
2025-12-16
appoint-person-director-company-with-name-date
officers · AP01
2025-12-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-20
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-03-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-06-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-06-15
mortgage-satisfy-charge-full
mortgage · MR04
2023-05-19
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-04-28
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-05-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-02