MONTROSE AIR STATION HERITAGE CENTRE

⚰️Wound downconverted-closed

SC336294 · converted-or-closed · incorporated 2008-01-16

Investment thesis

Company converted closed — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Mar 2023

Net worth

£463

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: Museum activities

Sector: Arts, entertainment & recreation

Investor take

Pursue

Asset-holding vehicle. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 70/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

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

Lenders & charges

Confirmed no charges registered

Directors & officers

24 officers (7 active, 24 linked, 20 with DOB)

Ownership & PSC

1 active PSC(s) of 3 total, 3 with control declared

Director network

Network not yet resolved

Filing history

86 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £463

Net assets shrinking

Down £3,918 YoY

Cash YoY

+63%

Year on year

Key financials

2 years extracted from filed iXBRL accounts

Cash

£9k

↑ 63% YoY

Net Worth

£463

↓ 89% YoY

Current Assets

£12k

↑ 34% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2023-03-31	2022-03-31
Total assets	£463	£4.4k
Current assets	£12.4k	£9.2k
Cash	£9.3k	£5.7k
Net assets	£463	£4.4k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (62 events)Click to expand

2024-11-06
📄
resolution
resolution · RESOLUTIONS
2024-11-06
🏁
Company dissolved
2023-09-19
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-01
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-11-30
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-10-03
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-10-03
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-10-01
➕
MCINTOSH, Elizabeth Anne appointed
director
2020-10-01
➖
CROZIER, Brian resigned
director
2020-05-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-05-17
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-05-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2020-05-13
➕
BREWIS, Sian Carol appointed
director
2020-05-13
➕
JOHNSON, Peter appointed
director
2020-05-13
➖
PATON, Daniel Coull, Dr resigned
director
2020-03-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2020-03-09
➕
REGULSKI, Steve appointed
director
2019-12-10
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-11-15
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2019-08-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-08-19
📄
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2019-08-16
➖
MORRIS, Ronald George resigned
director
2019-03-28
📄
appoint-person-director-company-with-name-date
officers · AP01
2019-03-28
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-03-25
➕
ARCHIBALD, Stuart appointed
director
2019-03-25
➖
DOE, Reginald Alan resigned
director
2018-11-14
📄
termination-director-company-with-name-termination-date
officers · TM01
2018-11-13
➖
STEVENSON, Julian Little Elder, Mr. resigned
director
2018-08-07
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-04-18
➕
DOE, Reginald Alan appointed
director
2018-03-08
➖
DOE, Reginald Alan resigned
director
2017-07-28
➕
MORRIS, Ronald George appointed
director
2017-07-28
➖
SUTHERLAND, Robert Gordon resigned
director
2014-08-01
➖
BUTLER, David resigned
director
2014-08-01
➕
STEVENSON, Julian Little Elder, Mr. appointed
director
2014-05-30
➖
MCINTOSH, Graham Menzies resigned
director
2014-05-30
➕
SUTHERLAND, Robert Gordon appointed
director
2013-07-19
➕
CROZIER, Brian appointed
director
2013-07-19
➖
SUTHERLAND, Robert Gordon resigned
director
2011-12-03
➕
WATT, Hamish appointed
director
2011-12-03
➖
BANSKI, Norman Alexander Fyfe resigned
secretary
2011-12-03
➖
BANSKI, Norman Alexander Fyfe resigned
director
2011-06-15
➕
PATON, Daniel Coull, Dr appointed
director
2011-06-15
➖
RITCHIE, Kathleen Millar resigned
director
2010-10-22
➕
CHRISTIE, Colin Robert appointed
director
2010-10-01
➖
MELVILLE, John Lang resigned
director
2008-01-16
🏢
Company incorporated
As MONTROSE AIR STATION HERITAGE CENTRE
2008-01-16
➕
BANSKI, Norman Alexander Fyfe appointed
secretary
2008-01-16
➕
BRIAN REID LTD. appointed
corporate-nominee-secretary

Showing most recent 50 of 62 events

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

-7 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 16 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 79 — 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 79 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 16 years.
secondaryStable-but-static management: Company is 18 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.)

Shareholders & ownership

1 active beneficial owner

Name	Shares	Voting rights	Nature of control	Notified
Mr Stuart James Archibald Individual · British · DOB 09/1958 · age 68	—	—	sig. influencesignificant influence · trust interest · firm interest	01/08/2019

2 historic (ceased) PSCs

Mr Ronald George Morrisceased 16/08/2019· significant influence
Mr Reginald Alan Doeceased 29/07/2017· significant influence

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

Similar companies

Active · Leisure & entertainment · DD postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
DUNDEE GYMNASTICS CLUB 2K→ SC250221 · est 2003 · no financials extracted	—	—	—	—	22y	83	66y
PROGRESSION SKI AND SNOWBOARD SCHOOL LIMITED→ SC224277 · est 2001	—	—	£26.1k	—	24y	82	58y
RAMSAY WORLD TRAVEL LIMITED→ SC089749 · est 1984	—	—	£11.09M	—	41y	82	70y
750 MOTOR CLUB (SCOTLAND) LIMITED→ SC047170 · est 1970	—	—	£2.6k	—	56y	81	68y
ANGUS RIDING FOR THE DISABLED→ SC289513 · est 2005 · no financials extracted	—	—	—	—	20y	81	66y
ART ANGEL (SCOTLAND) LIMITED→ SC363616 · est 2009 · no financials extracted	—	—	—	—	16y	81	79y
ARTS AND COMMUNITIES ASSOCIATION→ SC241593 · est 2002	—	—	£180	—	23y	81	72y
AULD KIRK CHARITABLE TRUST→ SC305621 · est 2006 · no financials extracted	—	—	—	—	19y	81	78y
ELIE HARBOUR TRUST LIMITED→ SC057287 · est 1975 · no financials extracted	—	—	—	—	51y	81	79y
ROYAL BURGH OF INVERBERVIE COMMUNITY CARAVAN PARK LTD.→ SC285489 · est 2005	—	—	—	200	20y	81	80y
SHIELBRIDGE LIMITED→ SC029862 · est 1954	—	—	£155.8k	—	72y	81	79y
THE ABERDEEN AND DISTRICT MOTOR CLUB LTD.→ SC028939 · est 1952	—	—	£8.4k	—	73y	81	70y

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

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 →

🔒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

Statusconverted-closed

Typeconverted-or-closed

Incorporated2008-01-16

Jurisdictionscotland

Primary SIC91020 — Museum activities

Registered office

Montrose Air Station Heritage Centre

Waldron Road

Montrose

Angus

DD10 9BD

Scotland

Filing status

Accounts

Next due: —

Last made up to: 2023-03-31

Confirmation statement

Next due: —

Last: 2024-02-07