CHEYNE & LORIMER LIMITED

🌳Matureactive
SC288911 · ltd · incorporated 2005-08-15
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 16.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£203.1k
book net assets
Opportunity
77/100
Strong
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 77/100 (strong), bankability 80/100. High owner-dependency — earn-out structure likely required for clean transition. 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: strategic trade sale (63/100).

🏦

Refinance opportunity

1 live charge · oldest 16.9y

65/100
clean up first

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

  • · Oldest live charge is 16.9 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: high (81/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
4 officers (4 active, 4 linked, 3 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
50 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
77/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
60
Some acquirability indicators.
Risk profile
85
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 £203,144
Cash YoY
+212%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£20k
↑ 212% YoY
Net Worth
£203k
↑ 5.8% YoY
Current Assets
£25k
↑ 144% YoY
Current Liabilities
—
£0£41k£81k£122k£163k£203kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£203.4k£192.0k
Current assets£25.5k£10.4k
Cash£20.3k£6.5k
Debtors£886£155
Net assets£203.1k£192.0k

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 (21 events)Click to expand
  1. 2025-11-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-10-08
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-09-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2020-11-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2020-03-16
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  8. 2019-07-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  9. 2018-08-10
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2017-07-03
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2016-06-09
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  12. 2016-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  13. 2015-10-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2015-05-30
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-05-30
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2009-05-21
    🔒
    Charge registered #1
    Lender: Royal Bank of Scotland PLC
  17. 2005-08-15
    🏢
    Company incorporated
    As CHEYNE & LORIMER LIMITED
  18. 2005-08-15
    ➕
    CHEYNE, Lorraine appointed
    secretary
  19. 2005-08-15
    ➕
    CHEYNE, Desmond Victor James appointed
    director
  20. 2005-08-15
    ➕
    CHEYNE, Lorraine appointed
    director
  21. 2005-08-15
    ➕
    LORIMER, Aaron Yule appointed
    director

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
  • +Founder name in company name: Company name contains director surname "CHEYNE" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

60/100
Strong succession signal

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

SIGNALS
  • 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

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Aaron Yule Lorimer
Individual · British · DOB 10/1983 · age 43
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mr Desmond Victor James Cheyne
Individual · British · DOB 01/1974 · age 52
——sig. influencesignificant influence06/04/2016

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

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
Incorporated2005-08-15
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

13 Old Market Place
Banff
Aberdeenshire
AB45 1HE

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-08-26
Last: 2025-08-12

Officers (4 active · 0 resigned)

CHEYNE, Lorraine→
secretary · appointed 2005-08-15
View their other companies + combined net worth →
Active
CHEYNE, Desmond Victor James→
director · ~52y · appointed 2005-08-15
View their other companies + combined net worth →
Active
CHEYNE, Lorraine→
director · ~54y · appointed 2005-08-15
View their other companies + combined net worth →
Active
LORIMER, Aaron Yule→
director · ~43y · appointed 2005-08-15
View their other companies + combined net worth →
Active

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Lloyds Banking Group
Royal Bank of Scotland PLC
Floating charge1 property21/05/2009—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (50 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-25
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-09-04
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-22
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-17
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2020-03-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-09-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-07-23