LEWISTON ARMS LIMITED

🌳Matureactive
SC319673 · ltd · incorporated 2007-03-27
Investment thesis
Property vehicle with leveraged stack — refinance / partial-release angle.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Multiple lenders to manage; inter-creditor friction and partial-release cost possible.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No material changes in the last 90 days.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£32.6k
book net assets
Opportunity
83/100
Exceptional
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What this business does
Primary activity: Development of building projects
Sector: Construction
ALSO REGISTERED FOR
  • 55100Hotels and similar accommodation
Investor take
Pursue
Active trading company with a 73-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 67/100. Strong seller-intent signal (63/100, director aged 73). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

5 live charges · 3 lenders · oldest 19.2y

15/100
under pressure

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

  • · Oldest live charge is 19.2 years old — likely at or near maturity.
  • · 3 lenders named — inter-creditor friction likely.
  • · Cashflow trend is negative — lender view likely cautious.

Data confidence

Overall: medium (72/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
7 officers (5 active, 7 linked, 4 with DOB)
81
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
5 connected companies via shared directors
60
Filing history
66 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
83/100Exceptional
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
85
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £32,644
Cash YoY
-21%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£6k
↓ 21% YoY
Net Worth
£33k
↑ 142% YoY
Current Assets
£107k
↑ 70% YoY
Current Liabilities
—
-£78k-£41k-£4k£33k£70k£107kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Total assets£37.3k£-45.2k
Current assets£106.8k£62.9k
Cash£6.2k£7.8k
Debtors£78.6k£36.3k
Net assets£32.6k£-77.9k

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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2026-04-07
    📄
    change-person-director-company-with-change-date
    officers · CH01
  2. 2025-12-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-12-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2023-11-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-09-04
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  6. 2022-12-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-12-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2020-12-15
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2019-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-03-16
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  11. 2019-03-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  12. 2019-03-06
    🔒
    Charge registered #5
    Lender: Reco Building Developments Limited
  13. 2019-02-28
    🔒
    Charge registered #4
    Lender: Reco Building Developments Limited
  14. 2018-12-17
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2017-11-28
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  16. 2017-04-20
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  17. 2016-12-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2016-02-12
    🔓
    Charge satisfied #1
  19. 2015-01-21
    🔓
    Charge satisfied #3
  20. 2007-05-21
    🔒
    Charge registered #3
    Lender: The Royal Bank of Scotland PLC
  21. 2007-05-08
    🔒
    Charge registered #2
    Lender: Michael Anthony Donaghy
  22. 2007-05-08
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  23. 2007-03-27
    🏢
    Company incorporated
    As LEWISTON ARMS LIMITED
  24. 2007-03-27
    ➕
    MANSON, Thomas Graeme appointed
    secretary
  25. 2007-03-27
    ➕
    DONAGHY, Michael Anthony appointed
    director
  26. 2007-03-27
    ➕
    FISH, Judith Irene appointed
    director
  27. 2007-03-27
    ➕
    MANSON, Thomas Graeme appointed
    director
  28. 2007-03-27
    ➕
    MCBRIDE, Euan Alexander appointed
    director
  29. 2007-03-27
    ➕
    OSWALDS OF EDINBURGH LIMITED appointed
    corporate-nominee-secretary
  30. 2007-03-27
    ➖
    OSWALDS OF EDINBURGH LIMITED resigned
    corporate-nominee-secretary
  31. 2007-03-27
    ➕
    JORDANS (SCOTLAND) LIMITED appointed
    corporate-nominee-director
  32. 2007-03-27
    ➖
    JORDANS (SCOTLAND) LIMITED resigned
    corporate-nominee-director

Owner dependency

65/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 73 — succession pressure is live.

Succession & seller-readiness

83/100
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 73 years old. Natural succession window is now.
  • secondary12+ year tenure: Director in role 19 years.
  • secondaryStable-but-static management: Company is 19 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.)
🔒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

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
Incorporated2007-03-27
Jurisdictionscotland
Primary SIC41100 — Development of building projects

Registered office

Kintra
Tomatin
Inverness
IV13 7XY
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-04-10
Last: 2026-03-27

Officers (5 active · 2 resigned)

MANSON, Thomas Graeme→
secretary · appointed 2007-03-27
View their other companies + combined net worth →
Active
DONAGHY, Michael Anthony→
director · ~73y · appointed 2007-03-27
View their other companies + combined net worth →
Active
FISH, Judith Irene→
director · ~70y · appointed 2007-03-27
View their other companies + combined net worth →
Active
MANSON, Thomas Graeme→
director · ~70y · appointed 2007-03-27
View their other companies + combined net worth →
Active
MCBRIDE, Euan Alexander→
director · ~72y · appointed 2007-03-27
View their other companies + combined net worth →
Active
OSWALDS OF EDINBURGH LIMITED→
corporate-nominee-secretary · appointed 2007-03-27 · resigned 2007-03-27
Resigned
JORDANS (SCOTLAND) LIMITED→
corporate-nominee-director · appointed 2007-03-27 · resigned 2007-03-27
Resigned

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

Mortgages & charges

5
Total charges
3
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Reco Building Developments
Reco Building Developments Limited
A registered charge1 property06/03/2019—
outstanding
Reco Building Developments
Reco Building Developments Limited
A registered charge—28/02/2019—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property21/05/200721/01/2015
outstanding
Michael Anthony Donaghy
Standard security1 property08/05/2007—
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property08/05/200712/02/2016
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (66 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-07
change-person-director-company-with-change-date
officers · CH01
2026-04-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-12-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-27
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-12-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-09
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-11-24
change-person-secretary-company-with-change-date
officers · CH03
2023-09-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-01
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-29
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-12-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-05-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2020-12-15
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-04-01