ELMBANK LEASE LIMITED
🌳Matureactive
SC301022 · ltd · incorporated 2006-04-20
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
- · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£866.2k
book net assets
Opportunity
75/100
Strong
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
PursueStrong opportunity: active trading company with strong profile and acceptable with review structure.
Opportunity 75/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
10 live charges · 4 lenders · oldest 19.0y
15/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 19.0 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Cashflow trend is negative — lender view likely cautious.
Data confidence
Overall: high (80/100)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
10 charges (10/10 with lender, 10/10 with type)
90
Directors & officers
9 officers (2 active, 9 linked, 4 with DOB)
79
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
95 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
75/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £866,234
Net assets shrinking
Down £100,915 YoY
Cash YoY
-17%
Year on year
Key financials
2 years extracted from filed iXBRL accountsCash
£238k
↓ 17% YoY
Net Worth
£866k
↓ 10% YoY
Current Assets
£366k
↓ 65% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 | 2023-12-31 |
|---|---|---|
| Total assets | £903.3k | £2.06M |
| Current assets | £365.7k | £1.03M |
| Cash | £237.9k | £286.6k |
| Debtors | £81.8k | £705.8k |
| Net assets | £866.2k | £967.1k |
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
1
filing
- • 1 officers
Last 90 days
1
filing
- • 1 officers
Last 180 days
1
filing
- • 1 officers
Counts from Companies House filing history.
Corporate timeline (53 events)Click to expand
- 2026-05-01📄change-person-director-company-with-change-dateofficers · CH01
- 2025-09-29📄accounts-with-accounts-type-smallaccounts · AA
- 2024-10-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-15📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15📄mortgage-satisfy-charge-fullmortgage · MR04
- 2024-10-15🔓Charge satisfied #7
- 2024-10-15🔓Charge satisfied #6
- 2024-10-15🔓Charge satisfied #5
- 2024-10-14🔒Charge registered #10Lender: Bank of Scotland PLC
- 2024-10-14🔒Charge registered #9Lender: Bank of Scotland PLC
- 2024-10-11📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-10-07🔒Charge registered #8Lender: Bank of Scotland PLC
- 2024-09-27📄accounts-with-accounts-type-smallaccounts · AA
- 2024-07-29📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2024-07-29📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2024-04-16📄change-person-director-company-with-change-dateofficers · CH01
- 2024-04-16📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-10-17📄accounts-with-accounts-type-smallaccounts · AA
- 2022-10-07📄accounts-with-accounts-type-smallaccounts · AA
- 2022-03-07📄appoint-person-director-company-with-name-dateofficers · AP01
- 2022-03-01➕WILKINSON, Nicola Caroline appointeddirector
- 2021-12-30📄accounts-with-accounts-type-smallaccounts · AA
- 2020-12-31📄accounts-with-accounts-type-smallaccounts · AA
- 2020-02-12📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2018-12-21➖GRAND ADMINISTRATION SERVICES LIMITED resignedcorporate-secretary
- 2018-12-21➖WHITE, Stephen Richard resigneddirector
- 2016-03-07🔒Charge registered #7Lender: Aib Group (UK) PLC
- 2013-10-22🔓Charge satisfied #3
- 2013-10-12🔓Charge satisfied #4
- 2013-07-02🔒Charge registered #6Lender: Aib Group (UK) PLC
- 2013-06-12🔒Charge registered #5Lender: Aib Group (UK) PLC
- 2013-04-19➕GRAND ADMINISTRATION SERVICES LIMITED appointedcorporate-secretary
- 2013-04-19➖TPL ADMIN LIMITED resignedcorporate-secretary
- 2011-08-18➕TPL ADMIN LIMITED appointedcorporate-secretary
- 2011-08-18➖TPL ADMIN LIMITED resignedcorporate-secretary
- 2011-04-16🔓Charge satisfied #2
- 2011-04-16🔓Charge satisfied #1
- 2010-11-23🔒Charge registered #4Lender: Clydesdale Bank PLC
- 2010-11-19🔒Charge registered #3Lender: Clydesdale Bank PLC
- 2010-11-18➕WHITE, Stephen Richard appointeddirector
- 2010-05-21➖MCANENEY, William Turner resigneddirector
- 2010-01-25➖LYCIDAS SECRETARIES LIMITED resignedcorporate-nominee-secretary
- 2010-01-25➕TPL ADMIN LIMITED appointedcorporate-secretary
- 2007-04-30🔒Charge registered #2Lender: Scottish & Newcastle UK Limited
- 2007-04-20🔒Charge registered #1Lender: Scottish & Newcastle UK Limited
- 2006-10-02➕NORMAN, Oliver James appointeddirector
- 2006-05-17➕MCANENEY, William Turner appointeddirector
- 2006-05-17➖LYCIDAS NOMINEES LIMITED resignedcorporate-nominee-director
Showing most recent 50 of 53 events
Owner dependency
68/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
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 20 years — deep operational knowledge concentrated in one person.
Succession & seller-readiness
59/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- secondary12+ year tenure: Director in role 20 years.
- secondaryStable-but-static management: Company is 20 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 ·Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Dada Events Ltd holds 25-50% — a significant corporate investor but not a controlling parent.
🏛️significant stake
Dada Events Ltd
Corporate parent · holds 25-50% shares
⬇
ELMBANK LEASE LIMITED
This company · SC301022
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Dada Events Ltd Corporate entity | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 29/07/2024 |
Mr Oliver James Norman Individual · British · DOB 02/1978 · age 48 | 25–50% | 25–50% | board control25-50% shares · 25-50% voting · board control | 21/12/2018 |
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| ELDER'S BAR (SCOTLAND) LTD→ SC533553 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| ELLCAD LIMITED→ SC554436 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| ENOTECA (SUGO CRESSWELL LANE) LIMITED→ SC830833 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| EPNBW LTD→ SC716116 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| ERRIGAL CATERING LTD→ SC773163 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| ERROL'S HOT PIZZA LIMITED→ SC636308 · est 2019 · no financials extracted | — | — | — | — | 6y | — | — |
| ESPRESSO (SCOTLAND) LTD→ SC719319 · est 2022 · no financials extracted | — | — | — | — | 4y | — | — |
| EXITGLASGOW LTD→ SC777983 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FALKIRK UPWARDS LTD→ SC809020 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FANNY TROLLOPES LIMITED→ SC420498 · est 2012 · no financials extracted | — | — | — | — | 14y | — | — |
| FAST FOOD JUNCTION LTD→ SC822638 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FASTFOOD@DIRECT LTD→ SC862969 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 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
Incorporated2006-04-20
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
Itison House 29 Cochrane Street
Glasgow
G1 1HL
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-05-04
Last: 2025-04-20
Officers (2 active · 7 resigned)
NORMAN, Oliver James→
Activedirector · ~48y · appointed 2006-10-02
View their other companies + combined net worth →
WILKINSON, Nicola Caroline→
Activedirector · ~38y · appointed 2022-03-01
View their other companies + combined net worth →
GRAND ADMINISTRATION SERVICES LIMITED→
Resignedcorporate-secretary · appointed 2013-04-19 · resigned 2018-12-21
LYCIDAS SECRETARIES LIMITED→
Resignedcorporate-nominee-secretary · appointed 2006-04-20 · resigned 2010-01-25
TPL ADMIN LIMITED→
Resignedcorporate-secretary · appointed 2011-08-18 · resigned 2013-04-19
TPL ADMIN LIMITED→
Resignedcorporate-secretary · appointed 2010-01-25 · resigned 2011-08-18
MCANENEY, William Turner→
Resigneddirector · ~76y · appointed 2006-05-17 · resigned 2010-05-21
WHITE, Stephen Richard→
Resigneddirector · ~66y · appointed 2010-11-18 · resigned 2018-12-21
LYCIDAS NOMINEES LIMITED→
Resignedcorporate-nominee-director · appointed 2006-04-20 · resigned 2006-05-17
Click a director name to see their full track record across all companies.
Mortgages & charges
10
Total charges
3
Outstanding
1
Active lenders
Status:Lender:10 of 10 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 14/10/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | 1 property | 14/10/2024 | — | |
| outstanding | Lloyds Banking Group Bank of Scotland PLC | A registered charge | — | 07/10/2024 | — | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 07/03/2016 | 15/10/2024 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 02/07/2013 | 15/10/2024 | |
| satisfied | Aib Group (UK) Aib Group (UK) PLC | A registered charge | 1 property | 12/06/2013 | 15/10/2024 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Standard security | 1 property | 23/11/2010 | 12/10/2013 | |
| satisfied | Virgin Money Clydesdale Bank PLC | Floating charge | 1 property | 19/11/2010 | 22/10/2013 | |
| satisfied | Scottish & Newcastle UK Scottish & Newcastle UK Limited | Standard security | 2 properties | 30/04/2007 | 16/04/2011 | |
| satisfied | Scottish & Newcastle UK Scottish & Newcastle UK Limited | Floating charge | 1 property | 20/04/2007 | 16/04/2011 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (95 total)
change-person-director-company-with-change-date
officers · CH01
2026-05-01
accounts-with-accounts-type-small
accounts · AA
2025-09-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-13
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-10-15
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-11
accounts-with-accounts-type-small
accounts · AA
2024-09-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2024-07-29
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-07-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-05-06
change-person-director-company-with-change-date
officers · CH01
2024-04-16
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2024-04-16