HILLRIGG LIMITED

🌳Matureactive
SC331787 · ltd · incorporated 2007-10-03
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.
Why now
Window steady · low confidence
Steady and tidy — no seller pressure yet. Approach only if an angle opens.
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

No material changes in the last 30 days.

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 Dec 2024
Net worth
—
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 78-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 78). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 3 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

3 live charges · oldest 18.1y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 18.1 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (77/100)

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
3 charges (3/3 with lender, 3/3 with type)
90
Directors & officers
6 officers (2 active, 6 linked, 3 with DOB)
80
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
59 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
82/100Exceptional
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
80
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
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£0Dec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-312023-12-31
Average employees15001200

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
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (29 events)Click to expand
  1. 2025-12-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-16
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-12-06
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2023-10-16
    ➕
    JOYCE, Martin David appointed
    director
  5. 2023-10-16
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  6. 2022-11-10
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2021-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-12-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2019-09-24
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-01-18
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  11. 2018-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2017-09-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  13. 2016-09-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  14. 2015-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2015-09-22
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2014-11-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2011-06-06
    ➖
    RICE, Sharon resigned
    secretary
  18. 2011-06-06
    ➖
    RICE, Sharon resigned
    director
  19. 2008-07-04
    🔒
    Charge registered #3
    Lender: Abbey National PLC
  20. 2008-07-04
    🔒
    Charge registered #2
    Lender: Abbey National PLC
  21. 2008-05-15
    🔒
    Charge registered #1
    Lender: Abbey National PLC
  22. 2007-10-15
    ➕
    ARGUE, Patricia appointed
    director
  23. 2007-10-15
    ➕
    RICE, Sharon appointed
    secretary
  24. 2007-10-15
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  25. 2007-10-15
    ➕
    RICE, Sharon appointed
    director
  26. 2007-10-15
    ➖
    STEPHEN MABBOTT LTD. resigned
    corporate-director
  27. 2007-10-03
    🏢
    Company incorporated
    As HILLRIGG LIMITED
  28. 2007-10-03
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  29. 2007-10-03
    ➕
    STEPHEN MABBOTT LTD. appointed
    corporate-director

Owner dependency

83/100
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.
  • +Long-tenure founder: Senior director has been in place 19 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

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 70+: Senior director is approximately 78 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 19 years.
  • 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mrs Patricia Argue
Individual · Irish · DOB 03/1948 · age 78
25–50%
25–50%board control25-50% shares · 25-50% voting · board control06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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
Incorporated2007-10-03
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation

Registered office

The Imperial Hotel
King Street
Castle Douglas
Kircudbrightshire
DG7 1AA
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-10-17
Last: 2025-10-03

Officers (2 active · 4 resigned)

ARGUE, Patricia→
director · ~78y · appointed 2007-10-15
View their other companies + combined net worth →
Active
JOYCE, Martin David→
director · ~38y · appointed 2023-10-16
View their other companies + combined net worth →
Active
RICE, Sharon→
secretary · appointed 2007-10-15 · resigned 2011-06-06
Resigned
BRIAN REID LTD.→
corporate-secretary · appointed 2007-10-03 · resigned 2007-10-15
Resigned
RICE, Sharon→
director · ~48y · appointed 2007-10-15 · resigned 2011-06-06
Resigned
STEPHEN MABBOTT LTD.→
corporate-director · appointed 2007-10-03 · resigned 2007-10-15
Resigned

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

Mortgages & charges

3
Total charges
3
Outstanding
1
Active lenders
Status:Lender:3 of 3 shown
TypeProperties
outstanding
Santander
Abbey National PLC
Standard security1 property04/07/2008—
outstanding
Santander
Abbey National PLC
Standard security1 property04/07/2008—
outstanding
Santander
Abbey National PLC
Bond & floating charge1 property15/05/2008—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (59 total)

accounts-with-accounts-type-micro-entity
accounts · AA
2025-12-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-31
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2023-12-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
appoint-person-director-company-with-name-date
officers · AP01
2023-10-16
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-11-10
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-10-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-10-18
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-30
accounts-with-accounts-type-micro-entity
accounts · AA
2020-12-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-10-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2019-09-24