CORRIE MAINS FREE RANGE LIMITED

🌳Matureactive

SC285906 · ltd · incorporated 2005-06-08

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 16.5y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: SIC 46330

Sector: Wholesale & retail

Investor take

Pursue

Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 83/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. 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 16.5y

65/100

clean up first

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

· Oldest live charge is 16.5 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 (77/100)

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

8 officers (5 active, 8 linked, 4 with DOB)

Ownership & PSC

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

60 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

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	2025-08-31	2024-08-31
Average employees	900	900

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

filings

Last 90 days

filing

• 1 accounts

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (29 events)Click to expand

2026-03-05
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-22
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-04-09
📄
capital-allotment-shares
capital · SH01
2023-12-04
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-07-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-07-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-07-12
➕
SMILLIE, James appointed
director
2023-07-12
➕
SMILLIE, Ross John appointed
director
2023-03-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-24
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-12
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-26
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-03-13
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-17
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2017-07-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-07-10
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2017-05-16
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2017-05-08
📄
capital-allotment-shares
capital · SH01
2009-11-25
🔒
Charge registered #1
Lender: Alliance & Leicester PLC
2005-06-08
🏢
Company incorporated
As CORRIE MAINS FREE RANGE LIMITED
2005-06-08
➕
SMILLIE, Anne Gourlay appointed
secretary
2005-06-08
➕
SMILLIE, Anne Gourlay appointed
director
2005-06-08
➕
SMILLIE, James Hamilton appointed
director
2005-06-08
➕
COSEC LIMITED appointed
corporate-secretary
2005-06-08
➖
COSEC LIMITED resigned
corporate-secretary
2005-06-08
➕
CODIR LIMITED appointed
corporate-director
2005-06-08
➖
CODIR LIMITED resigned
corporate-director
2005-06-08
➕
COSEC LIMITED appointed
corporate-director
2005-06-08
➖
COSEC LIMITED resigned
corporate-director

Owner dependency

73/100

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 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 68 — succession pressure is live.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

30/100

Weak signal

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

SIGNALS

primaryFamily succession underway: Not a takeover target — SMILLIE, James (same surname) appointed 2023-07-12. Pattern consistent with intra-family handover.
primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
primary20+ year tenure: Director in role 21 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

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

Name	Shares	Voting rights	Nature of control	Notified
James Hamilton Smillie Individual · British · DOB 06/1958 · age 68	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016
Mrs Anne Gourlay Smillie Individual · British · DOB 10/1963 · age 63	25–50%	25–50%	25-50% shares · 25-50% voting	06/04/2016

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

Similar companies

Active · Wholesale & distribution · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
ALLIANCE SANITARY PRODUCTS LIMITED→ SC261393 · est 2004	£8.86M £6.65M–£11.08M	—	—	2900	22y	86	69y
FAILTE FOOD SERVICE LIMITED→ SC275128 · est 2004	£7.59M £5.69M–£9.48M	—	—	71	21y	85	66y
WESTSIDE DISTRIBUTION HOLDINGS LIMITED→ SC648056 · est 2019	£5.77M £4.33M–£7.21M	—	—	27	6y	84	67y
WESTSIDE DISTRIBUTION LIMITED→ SC365971 · est 2009	£5.77M £4.33M–£7.21M	—	—	27	16y	88	67y
SOUTHEAST TRADERS LIMITED→ SC235763 · est 2002	£4.00M £3.00M–£5.01M	—	—	26	23y	88	67y
SCO-FRO GROUP LIMITED→ SC057644 · est 1975	£2.74M £2.06M–£3.43M	—	—	20	51y	95	72y
D MCNAIR (BUILDERS MERCHANTS) LIMITED→ SC089357 · est 1984	£2.35M £1.76M–£2.93M	—	—	69	41y	85	63y
ANDREW MCDICKEN LIMITED→ SC034095 · est 1959	—	—	£8.7k	—	66y	83	63y
ASTRA HYGIENE SUPPLIES LIMITED→ SC122088 · est 1989	—	—	£335.1k	—	36y	83	81y
BAYMED HEALTHCARE LTD.→ SC062673 · est 1977	—	—	£77.1k	—	48y	83	59y
CHAINBRIDGE STEEL (SCOTLAND) LIMITED→ SC320954 · est 2007 · no financials extracted	—	—	—	—	19y	83	63y
CLEANING & WIPING SUPPLIES LTD.→ SC204166 · est 2000	—	—	—	—	26y	83	77y

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

Typeltd

Incorporated2005-06-08

Jurisdictionscotland

Primary SIC46330 — SIC 46330

Registered office

33 Kittoch Street

East Kilbride

Glasgow

Strathclyde

G74 4JW

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-06-22

Last: 2025-06-08

Officers (5 active · 3 resigned)

SMILLIE, Anne Gourlay→

secretary · appointed 2005-06-08

View their other companies + combined net worth →

Active

SMILLIE, Anne Gourlay→

director · ~63y · appointed 2005-06-08

View their other companies + combined net worth →

Active

SMILLIE, James→

director · ~39y · appointed 2023-07-12

View their other companies + combined net worth →

Active

SMILLIE, James Hamilton→

director · ~68y · appointed 2005-06-08

View their other companies + combined net worth →

Active

SMILLIE, Ross John→

director · ~37y · appointed 2023-07-12

View their other companies + combined net worth →

Active

COSEC LIMITED→

corporate-secretary · appointed 2005-06-08 · resigned 2005-06-08

Resigned

CODIR LIMITED→

corporate-director · appointed 2005-06-08 · resigned 2005-06-08

Resigned

COSEC LIMITED→

corporate-director · appointed 2005-06-08 · resigned 2005-06-08

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	Alliance & Leicester Alliance & Leicester PLC	Floating charge	1 property	25/11/2009	—

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

Recent filings (60 total)

accounts-with-accounts-type-total-exemption-full

accounts · AA

2026-03-05

confirmation-statement-with-updates

confirmation-statement · CS01

2025-06-10

accounts-with-accounts-type-total-exemption-full

accounts · AA

2025-04-22

capital-allotment-shares

capital · SH01

2025-04-09

confirmation-statement-with-no-updates

confirmation-statement · CS01

2024-06-13

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-12-04

appoint-person-director-company-with-name-date

officers · AP01

2023-07-28

appoint-person-director-company-with-name-date

officers · AP01

2023-07-28

confirmation-statement-with-no-updates

confirmation-statement · CS01

2023-06-09

accounts-with-accounts-type-total-exemption-full

accounts · AA

2023-03-01

confirmation-statement-with-no-updates

confirmation-statement · CS01

2022-06-14

accounts-with-accounts-type-total-exemption-full

accounts · AA

2022-03-24

confirmation-statement-with-no-updates

confirmation-statement · CS01

2021-06-11

accounts-with-accounts-type-total-exemption-full

accounts · AA

2021-01-12

confirmation-statement-with-no-updates

confirmation-statement · CS01

2020-06-11