ITC (SCOTLAND) LIMITED

🌳Matureactive

SC285302 · ltd · incorporated 2005-05-25

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

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 20.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Feb 2025

Net worth

—

book net assets

Opportunity

82/100

Exceptional

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What this business does

Primary activity: SIC 55300

Sector: Accommodation & food service

Investor take

Pursue

Active trading company with a 80-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (63/100, director aged 80). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 20.5y

65/100

clean up first

Refinance viable after a tidy-up — address the highlighted items first.

· Oldest live charge is 20.5 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 25/100 — 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, 1 SIC codes, incorporation date

100

Financials

2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

5 officers (4 active, 5 linked, 3 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

1 connected companies via shared directors

Filing history

48 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

82/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-02-28	2024-02-29
Average employees	3	400

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (24 events)Click to expand

2026-02-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-11-29
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-03-14
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-25
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-12-21
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-11-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-11-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-06-13
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-30
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2015-05-25
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-11-14
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2014-07-18
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-11-28
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2005-11-29
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2005-05-25
🏢
Company incorporated
As ITC (SCOTLAND) LIMITED
2005-05-25
➕
HOSEA, Ian appointed
secretary
2005-05-25
➕
BOWER, Tracey Caroline appointed
director
2005-05-25
➕
HOSEA, Carol Ann appointed
director
2005-05-25
➕
HOSEA, Ian appointed
director
2005-05-25
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2005-05-25
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary

Owner dependency

83/100

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

+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 80 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100

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 80 years old. Natural succession window is now.
primary20+ year tenure: Director in role 21 years. Very long tenure is a classic succession signal.
secondaryStable-but-static management: Company is 21 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

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Ms Carol Ann Hosea Individual · British · DOB 03/1946 · age 80	75–100%	—	75-100% shares	06/04/2016

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 →

Similar companies

Active · Hospitality · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
GREEN PARK LIMITED→ SC170546 · est 1996	£2.29M £1.72M–£2.86M	£3.47M	—	5500	29y	84	65y
TAILEND RESTAURANT (ST ANDREWS) LIMITED→ SC359357 · est 2009	—	—	—	-4900	17y	83	70y
APPLETREE (FORFAR) LIMITED→ SC388969 · est 2010	—	—	£5.6k	—	15y	82	71y
BAXTER CROWE DEVELOPMENTS LIMITED→ SC216197 · est 2001	—	—	£71.0k	—	25y	82	68y
BROOKPEAK LIMITED→ SC358190 · est 2009	—	—	£5.5k	—	17y	82	60y
C. & S. SCHOFIELD LIMITED→ SC285780 · est 2005	—	—	—	0	20y	82	74y
CAMVO 197 LIMITED→ SC392612 · est 2011	—	—	—	2	15y	82	68y
KELVIN HOTEL (OBAN) LTD→ SC338208 · est 2008	—	—	£574.5k	—	18y	82	66y
LINDSAY STREET PROPERTIES LIMITED→ SC067260 · est 1979	—	—	—	4	47y	82	71y
THE GOLFY LIMITED→ SC356796 · est 2009	—	—	—	1200	17y	82	60y
THE STRATH BAR LIMITED→ SC304587 · est 2006	—	—	—	200	19y	82	66y
DUNDEE SURVIVAL GROUP CHARITABLE COMPANY LIMITED→ SC096374 · est 1985 · no financials extracted	—	—	—	—	40y	81	82y

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.

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Company details

Statusactive

Typeltd

Incorporated2005-05-25

Jurisdictionscotland

Primary SIC55300 — SIC 55300

Registered office

Craigmills

Strathmartine

Dundee

Angus

DD3 0PH

Filing status

Accounts

Next due: 2026-11-30

Last made up to: 2025-02-28

Confirmation statement

Next due: 2026-06-08

Last: 2025-05-25

Officers (4 active · 1 resigned)

HOSEA, Ian→

secretary · appointed 2005-05-25

View their other companies + combined net worth →

Active

BOWER, Tracey Caroline→

director · ~60y · appointed 2005-05-25

View their other companies + combined net worth →

Active

HOSEA, Carol Ann→

director · ~80y · appointed 2005-05-25

View their other companies + combined net worth →

Active

HOSEA, Ian→

director · ~45y · appointed 2005-05-25

View their other companies + combined net worth →

Active

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2005-05-25 · resigned 2005-05-25

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	29/11/2005	—

Click column headers to sort. Use filters above to narrow by status and lender.