CARTERS LTD

⚰️Wound downliquidation
SC328589 · ltd · incorporated 2007-08-01
Investment thesis
Company liquidation — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · high confidence
Thesis has shifted recently — watch for confirmation.
  • · Lifecycle stage: mature → wound-down
  • · Investment thesis: well_run_hard_buy → unclassified
  • · Company status: active → liquidation
  • · Opportunity score: 82 → 53
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 18.1y old — refinance window within 12 months
What changed my view
Last 30 days

Picture worsened over the last 30 days — 7 negative signals vs 0 positive.

  • Lifecycle stage: maturewound-down
  • ·Investment thesis: well_run_hard_buyunclassified
  • Company status: activeliquidation
  • Deal-killer verdict: cleannot-transactable
  • Opportunity score: 8253
  • +4 more
Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

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

🔒Estimated value
Upgrade to see
Turnover
year to Aug 2024
Net worth
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: Take-away food shops and mobile food stands
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 55/100. Strong seller-intent signal (65/100, director aged 63). Biggest value-creation lever: Resolve: Company in liquidation. Company is actively being wound up. Not a going concern. Most likely exit: distressed disposal / insolvency (65/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

1 live charge · oldest 18.1y

55/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (79/100)

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
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
3 officers (2 active, 3 linked, 2 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
70 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth a look
PassWatchWorth a lookStrongExceptional 

Mixed signal. Worth opening the full target workup before deciding to pursue.

Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
80
Strong succession / seller-readiness signals.
Risk profile
49
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.

Key financials

2 years extracted from filed iXBRL accounts
Cash
Net Worth
Current Assets
Current Liabilities
£0£0£0£0£0£0Aug 2023Aug 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-08-312023-08-31

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days
0
filings
Last 90 days
1
filing
  • 1 insolvency
Last 180 days
1
filing
  • 1 insolvency
Counts from Companies House filing history.
Corporate timeline (24 events)Click to expand
  1. 2026-05-29
    ⚠️
    liquidation-compulsory-notice-winding-up-order-court-scotland
    insolvency · WU01(Scot)
  2. 2025-05-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  3. 2024-10-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  4. 2024-10-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  5. 2024-09-13
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  6. 2024-08-06
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2023-05-31
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2022-11-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  9. 2022-11-10
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  10. 2022-10-18
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2022-06-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2021-06-30
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  13. 2021-06-24
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2021-06-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2021-05-06
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  16. 2021-04-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  17. 2020-11-06
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  18. 2020-10-20
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  19. 2014-10-31
    CARTER, Mclain resigned
    secretary
  20. 2008-06-09
    CARTER, James Thomas appointed
    director
  21. 2008-06-09
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  22. 2007-08-01
    🏢
    Company incorporated
    As CARTERS LTD
  23. 2007-08-01
    CARTER, Lorraine appointed
    director
  24. 2007-08-01
    CARTER, Mclain appointed
    secretary

Owner dependency

99/100
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.
  • +Founder name in company name: Company name contains director surname "CARTER" — strong identity link between founder and business.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 63 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

79/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 63. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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

2 high ·
Company in liquidation
high

Company is actively being wound up. Not a going concern.

1 insolvency-related filing on record
high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2026-05-29: liquidation-compulsory-notice-winding-up-order-court-scotland

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Lorraine Carter
Individual · British · DOB 11/1963 · age 63
75100%
75-100% shares31/07/2016

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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

9 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 →
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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.

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Company details

Statusliquidation
Typeltd
Incorporated2007-08-01
Jurisdictionscotland
Primary SIC56103 — Take-away food shops and mobile food stands

Registered office

41a Montrose Avenue
Auldearn
Nairn
Highland
IV12 5TT
Scotland

Filing status

Accounts
Next due: 2026-05-31
Last made up to: 2024-08-31
Confirmation statement
Next due: 2026-08-15
Last: 2025-08-01

Officers (2 active · 1 resigned)

CARTER, James Thomas
director · ~63y · appointed 2008-06-09
View their other companies + combined net worth →
Active
CARTER, Lorraine
director · ~63y · appointed 2007-08-01
View their other companies + combined net worth →
Active
CARTER, Mclain
secretary · appointed 2007-08-01 · resigned 2014-10-31
Resigned

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

Mortgages & charges

1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
outstanding
Virgin Money
Clydesdale Bank PLC
Floating charge1 property09/06/2008
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (70 total)

liquidation-compulsory-notice-winding-up-order-court-scotland
insolvency · WU01(Scot)
2026-05-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-10
accounts-with-accounts-type-dormant
accounts · AA
2025-05-30
gazette-filings-brought-up-to-date
gazette · DISS40
2024-10-12
accounts-with-accounts-type-dormant
accounts · AA
2024-10-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-10
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2024-09-13
gazette-notice-compulsory
gazette · GAZ1
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-31
accounts-with-accounts-type-dormant
accounts · AA
2023-05-31
gazette-filings-brought-up-to-date
gazette · DISS40
2022-11-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-23
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2022-11-10
gazette-notice-compulsory
gazette · GAZ1
2022-10-18
accounts-with-accounts-type-dormant
accounts · AA
2022-06-30