LAIRG HOTELS LIMITED

💤Zombieactive

SC288115 · ltd · incorporated 2005-07-27

Investment thesis

Zombie company — trading but stalled; unlikely mover.

Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.

Why risky: No growth signal; thin margin for error on price.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Aug 2025

Net worth

£8.28M

book net assets

Opportunity

75/100

Strong

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pursue

Active trading company with a 70-year-old founder — textbook succession opportunity.

Opportunity 75/100 (strong), bankability 65/100. Strong seller-intent signal (83/100, director aged 70). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 4 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

9 live charges · 2 lenders · oldest 20.8y

30/100

under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

· Oldest live charge is 20.8 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

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

9 charges (9/9 with lender, 9/9 with type)

Directors & officers

5 officers (2 active, 5 linked, 2 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

67 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

75/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

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 £8,276,874

Cash YoY

+35%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£5.3m

↑ 35% YoY

Net Worth

£8.3m

↑ 18% YoY

Current Assets

£5.3m

↑ 33% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-08-31	2024-08-31
Total assets	£8.29M	£7.00M
Current assets	£5.30M	£3.99M
Cash	£5.27M	£3.90M
Debtors	£34.7k	£85.2k
Net assets	£8.28M	£7.00M

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

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (37 events)Click to expand

2025-12-09
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-05-20
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-13
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-05-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-10-01
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-11-10
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-01-30
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2018-11-23
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2017-12-04
📄
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2016-12-20
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-05-31
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2016-04-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-03-30
🔒
Charge registered #11
Lender: Barclays Bank PLC
2015-08-21
📄
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-08-21
📄
change-person-director-company-with-change-date
officers · CH01
2014-12-03
📄
accounts-with-accounts-type-total-exemption-small
accounts · AA
2010-05-25
🔒
Charge registered #10
Lender: Barclays Bank PLC
2009-01-21
🔓
Charge satisfied #4
2009-01-21
🔓
Charge satisfied #3
2009-01-21
🔓
Charge satisfied #2
2008-08-27
🔒
Charge registered #8
Lender: Barclays Bank PLC
2008-08-20
🔒
Charge registered #9
Lender: Barclays Bank PLC
2008-08-14
🔓
Charge satisfied #1
2008-06-16
🔒
Charge registered #7
Lender: Barclays Bank PLC
2007-03-21
🔒
Charge registered #4
Lender: Clydesdale Bank Public Limited Company
2007-03-21
🔒
Charge registered #3
Lender: Clydesdale Bank Public Limited Company
2005-08-09
🔒
Charge registered #2
Lender: Clydesdale Bank Public Limited Company
2005-07-29
🔒
Charge registered #1
Lender: Clydesdale Bank Public Limited Company
2005-07-27
🏢
Company incorporated
As LAIRG HOTELS LIMITED
2005-07-27
➕
LOGAN, Kirstyn appointed
secretary
2005-07-27
➕
LOGAN, Ritchie Campbell appointed
director
2005-07-27
➕
LOGAN, Richie appointed
secretary
2005-07-27
➖
LOGAN, Richie resigned
secretary
2005-07-27
➕
OSWALDS OF EDINBURGH LIMITED appointed
corporate-nominee-secretary
2005-07-27
➖
OSWALDS OF EDINBURGH LIMITED resigned
corporate-nominee-secretary
2005-07-27
➕
LOGAN, Kirstyn appointed
director
2005-07-27
➖
LOGAN, Kirstyn resigned
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

+Sole director: Only one active director — all governance concentrated on one person.
+Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 70 — succession pressure is live.

Succession & seller-readiness

100/100

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 70 years old. Natural succession window is now.
primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
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

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 · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Ritchie Campbell Logan Individual · British · DOB 08/1956 · age 70	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 · EH postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
LA PASSATA LIMITED→ SC848466 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LANDLORD EVENT SERVICES LTD→ SC735554 · est 2022 · no financials extracted	—	—	—	—	3y	—	—
LE CUCU LTD→ SC640333 · est 2019 · no financials extracted	—	—	—	—	6y	—	—
LEE'S TEAHOUSE LTD→ SC850115 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LEE'S XUE LTD→ SC757175 · est 2023 · no financials extracted	—	—	—	—	3y	—	—
LEITHNEST STAYS LIMITED→ SC855735 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LI EDINBURGH LTD→ SC699955 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
LIATHACH PROPERTY LETTINGS LTD.→ SC604660 · est 2018 · no financials extracted	—	—	—	—	7y	—	—
LIBATIONS LIMITED→ SC862323 · est 2025 · no financials extracted	—	—	—	—	—	—	—
LILY'S ORMISTON CIC→ SC781147 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
LINDEN BLOSSOM LTD→ SC537666 · est 2016 · no financials extracted	—	—	—	—	9y	—	—
LINKS VIEW GUESTHOUSE LIMITED→ SC329807 · est 2007 · no financials extracted	—	—	—	—	18y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

9 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

Incorporated2005-07-27

Jurisdictionscotland

Primary SIC55100 — Hotels and similar accommodation

Registered office

11 Coates Gardens

Edinburgh

EH12 5LG

Filing status

Accounts

Next due: 2027-05-31

Last made up to: 2025-08-31

Confirmation statement

Next due: 2026-08-09

Last: 2025-07-26

Officers (2 active · 3 resigned)

LOGAN, Kirstyn→

secretary · appointed 2005-07-27

View their other companies + combined net worth →

Active

LOGAN, Ritchie Campbell→

director · ~70y · appointed 2005-07-27

View their other companies + combined net worth →

Active

LOGAN, Richie→

secretary · appointed 2005-07-27 · resigned 2005-07-27

Resigned

OSWALDS OF EDINBURGH LIMITED→

corporate-nominee-secretary · appointed 2005-07-27 · resigned 2005-07-27

Resigned

LOGAN, Kirstyn→

director · ~40y · appointed 2005-07-27 · resigned 2005-07-27

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:9 of 9 shown

		Type	Properties
outstanding	Barclays Barclays Bank PLC	A registered charge	1 property	30/03/2016	—
outstanding	Barclays Barclays Bank PLC	Standard security	1 property	25/05/2010	—
outstanding	Barclays Barclays Bank PLC	Standard security	2 properties	27/08/2008	—
outstanding	Barclays Barclays Bank PLC	Standard security	1 property	20/08/2008	—
outstanding	Barclays Barclays Bank PLC	Floating charge	1 property	16/06/2008	—
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	21/03/2007	21/01/2009
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	21/03/2007	21/01/2009
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Standard security	1 property	09/08/2005	21/01/2009
satisfied	Virgin Money Clydesdale Bank Public Limited Company	Floating charge	1 property	29/07/2005	14/08/2008

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