THE MACKENZIE COURSE LIMITED

🌳Matureactive
SC291209 · ltd · incorporated 2005-10-03
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.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Nov 2024
Net worth
£-168.9k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pass (distressed without resilience)
Active trading company. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 75/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

Data confidence

Overall: medium (73/100)

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
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
Confirmed no charges registered
85
Directors & officers
9 officers (3 active, 9 linked, 4 with DOB)
79
Ownership & PSC
1 active PSC(s) of 3 total, 3 with control declared
90
Director network
9 connected companies via shared directors
72
Filing history
69 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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 105 (micro)
Negative net assets
Liabilities exceed assets by £168,853

Key financials

1 year extracted from filed iXBRL accounts
Cash
—
Net Worth
-£169k
Current Assets
£604
Current Liabilities
—

Financials

Extracted from Companies House accounts · FRS 105 (micro)
Metric2024-11-30
Total assets£-168.9k
Current assets£604
Net assets£-168.9k

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
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-08-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2025-06-10
    ➕
    DONALD, Lyndsey appointed
    director
  3. 2025-06-10
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  4. 2024-11-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  5. 2024-11-29
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  6. 2024-11-29
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC01
  7. 2024-03-26
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2024-03-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  9. 2023-09-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2022-06-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  11. 2021-05-05
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2020-06-22
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2019-08-16
    📄
    appoint-corporate-secretary-company-with-name-date
    officers · AP04
  14. 2019-08-16
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  15. 2019-08-01
    ➕
    RAEBURN CHRISTIE CLARK & WALLACE LLP appointed
    corporate-secretary
  16. 2019-07-31
    ➖
    MESSRS RAEBURN CHRISTIE CLARK & WALLACE resigned
    corporate-secretary
  17. 2019-06-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  18. 2018-07-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  19. 2017-09-06
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  20. 2015-07-31
    ➖
    FORSYTH, Andrew Charles resigned
    director
  21. 2015-07-31
    ➖
    HENDRY, Brian resigned
    director
  22. 2006-11-06
    ➖
    ABERDEIN CONSIDINE & CO resigned
    corporate-secretary
  23. 2006-11-06
    ➕
    MESSRS RAEBURN CHRISTIE CLARK & WALLACE appointed
    corporate-secretary
  24. 2006-11-06
    ➕
    FORSYTH, Andrew Charles appointed
    director
  25. 2005-10-27
    ➕
    DONALD, William Marr appointed
    director
  26. 2005-10-27
    ➕
    ABERDEIN CONSIDINE & CO appointed
    corporate-secretary
  27. 2005-10-27
    ➖
    FIRST SCOTTISH SECRETARIES LIMITED resigned
    corporate-secretary
  28. 2005-10-27
    ➕
    HENDRY, Brian appointed
    director
  29. 2005-10-27
    ➖
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED resigned
    corporate-director
  30. 2005-10-03
    🏢
    Company incorporated
    As THE MACKENZIE COURSE LIMITED
  31. 2005-10-03
    ➕
    FIRST SCOTTISH SECRETARIES LIMITED appointed
    corporate-secretary
  32. 2005-10-03
    ➕
    FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED appointed
    corporate-director

Owner dependency

91/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 21 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — DONALD, Lyndsey (same surname) appointed 2025-06-10. Pattern consistent with intra-family handover.
  • primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Linda Forsyth
Individual · British · DOB 09/1963 · age 63
25–50%
25–50%25-50% shares · 25-50% voting29/10/2024
2 historic (ceased) PSCs
  • Mr Andrew Charles Forsythceased 29/10/2024· 25-50% shares
  • Mr William Marr Donaldceased 29/10/2024· 50-75% shares

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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————28y8379y
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———————
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
Incorporated2005-10-03
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

The Capitol (4th Floor)
431 Union Street
Aberdeen
AB11 6DA
Scotland

Filing status

Accounts
Next due: 2026-08-31
Last made up to: 2024-11-30
Confirmation statement
Next due: 2026-10-04
Last: 2025-09-20

Officers (3 active · 6 resigned)

RAEBURN CHRISTIE CLARK & WALLACE LLP→
corporate-secretary · appointed 2019-08-01
View their other companies + combined net worth →
Active
DONALD, Lyndsey→
director · ~40y · appointed 2025-06-10
View their other companies + combined net worth →
Active
DONALD, William Marr→
director · ~71y · appointed 2005-10-27
View their other companies + combined net worth →
Active
ABERDEIN CONSIDINE & CO→
corporate-secretary · appointed 2005-10-27 · resigned 2006-11-06
Resigned
FIRST SCOTTISH SECRETARIES LIMITED→
corporate-secretary · appointed 2005-10-03 · resigned 2005-10-27
Resigned
MESSRS RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 2006-11-06 · resigned 2019-07-31
Resigned
FORSYTH, Andrew Charles→
director · ~64y · appointed 2006-11-06 · resigned 2015-07-31
Resigned
HENDRY, Brian→
director · ~68y · appointed 2005-10-27 · resigned 2015-07-31
Resigned
FIRST SCOTTISH INTERNATIONAL SERVICES LIMITED→
corporate-director · appointed 2005-10-03 · resigned 2005-10-27
Resigned

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

Recent filings (69 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2025-10-26
accounts-with-accounts-type-micro-entity
accounts · AA
2025-08-06
appoint-person-director-company-with-name-date
officers · AP01
2025-06-10
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-29
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-29
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2024-11-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-09-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-03-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-03-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-10-03
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-09-20
accounts-with-accounts-type-micro-entity
accounts · AA
2022-06-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-09-29
accounts-with-accounts-type-micro-entity
accounts · AA
2021-05-05