MORNINGSIDE CAREHOMES (SCOTLAND) LTD.
- · Oldest live charge 18.6y old — refinance window within 12 months
Opportunity 83/100 (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: strategic trade sale (73/100).
Refinance opportunity
2 live charges · 2 lenders · oldest 18.6y
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 18.6 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (73/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.
Key financials
1 year extracted from filed iXBRL accountsFinancials
Extracted from Companies House accounts · FRS 102| Metric | 2024-07-31 |
|---|---|
| Average employees | 7000 |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
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
Corporate timeline (29 events)Click to expand
- 2025-07-09📄change-account-reference-date-company-current-extendedaccounts · AA01
- 2025-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-02-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-20📄appoint-person-director-company-with-name-dateofficers · AP01
- 2025-02-17➕FOWDAR, Kishan appointeddirector
- 2025-02-17➕ORMSHAW, Rhonda appointeddirector
- 2024-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-04-27📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-04-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-05-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-24📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2019-04-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-05-03📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2017-10-10📄accounts-amended-with-accounts-type-total-exemption-smallaccounts · AAMD
- 2017-05-11📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2016-04-26📄accounts-with-accounts-type-total-exemption-smallaccounts · AA
- 2015-08-10📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2013-07-17🔓Charge satisfied #1
- 2013-06-27🔒Charge registered #2Lender: Santander UK PLC
- 2007-09-30➕FOWDAR, Usha Devi appointeddirector
- 2007-09-28🔒Charge registered #1Lender: The Governor & Company of the Bank of Ireland
- 2006-08-03🏢Company incorporatedAs MORNINGSIDE CAREHOMES (SCOTLAND) LTD.
- 2006-08-03➕FOWDAR, Devanand appointedsecretary
- 2006-08-03➕FOWDAR, Saraswatee appointedsecretary
- 2006-08-03➕FOWDAR, Devanand appointeddirector
- 2006-08-03➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2006-08-03➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2006-08-03➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2006-08-03➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 75 — succession pressure is live.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
- primaryFamily succession underway: Not a takeover target — FOWDAR, Kishan (same surname) appointed 2025-02-17. Pattern consistent with intra-family handover.
- primaryFounder aged 70+: Senior director is approximately 75 years old. Natural succession window is now.
- secondary12+ year tenure: Director in role 20 years.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanShareholders & ownership
1 active beneficial owner| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Devanand Fowdar Individual · British · DOB 06/1951 · age 75 | 25–50% | — | 25-50% shares | 06/04/2016 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
See pricing →Similar companies
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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 →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
Registered office
Filing status
Officers (6 active · 2 resigned)
Click a director name to see their full track record across all companies.
Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Santander Santander UK PLC | A registered charge | 1 property | 27/06/2013 | — | |
| satisfied | The Governor & Company of the Bank of Ireland | Floating charge | 1 property | 28/09/2007 | 17/07/2013 |