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.
🔒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 19.0y

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.
  • · 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
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 90 days
2
filings
  • • 1 confirmation-statement
  • • 1 officers
Last 180 days
3
filings
  • • 1 confirmation-statement
  • • 1 officers
  • • 1 accounts
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