ELGIN KART RACEWAY & ACTIVITY CENTRE LIMITED
💤Zombieactive
SC337383 · ltd · incorporated 2008-02-07
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£3.5k
book net assets
Opportunity
82/100
Exceptional
What this business does
Primary activity: Other amusement and recreation activities n.e.c.
Sector: Arts, entertainment & recreation
Investor take
PursueActive trading company with a 74-year-old founder — textbook succession opportunity.
Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (83/100, director aged 74). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 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
1 live charge · oldest 15.0y
45/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 15.0 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: medium (76/100)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
4 officers (1 active, 4 linked, 1 with DOB)
75
Ownership & PSC
1 active PSC(s) of 2 total, 2 with control declared
90
Director network
Network not yet resolved
30
Filing history
58 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.
Signals from accounts
Derived from iXBRL accounts · FRS 105 (micro)Positive net assets
Net assets £3,506
Net assets shrinking
Down £19,000 YoY
Key financials
2 years extracted from filed iXBRL accountsCash
—
Net Worth
£4k
↓ 84% YoY
Current Assets
£10k
↓ 64% YoY
Current Liabilities
—
Hover to see exact values · click legend to toggle series
Financials
Extracted from Companies House accounts · FRS 105 (micro)| Metric | 2025-02-28 | 2024-02-29 |
|---|---|---|
| Total assets | £3.5k | £22.5k |
| Current assets | £10.2k | £28.3k |
| Net assets | £3.5k | £22.5k |
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
1
filing
- • 1 accounts
Last 180 days
2
filings
- • 1 accounts
- • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2026-02-11📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-02-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2024-05-20📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2023-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-28📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-02-23📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2022-02-23📄change-person-director-company-with-change-dateofficers · CH01
- 2021-02-25📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2020-03-19📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-03-16📄capital-cancellation-sharescapital · SH06
- 2020-03-16📄resolutionresolution · RESOLUTIONS
- 2020-03-16📄capital-return-purchase-own-sharescapital · SH03
- 2020-02-05📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2020-02-05📄cessation-of-a-person-with-significant-controlpersons-with-significant-control · PSC07
- 2019-12-31➖ANDERSON, Walter resignedsecretary
- 2019-11-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2018-11-30📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2011-04-20🔒Charge registered #1Lender: The Royal Bank of Scotland PLC
- 2008-02-07🏢Company incorporatedAs ELGIN KART RACEWAY & ACTIVITY CENTRE LIMITED
- 2008-02-07➕TAWSE, Charlie appointeddirector
- 2008-02-07➕ANDERSON, Walter appointedsecretary
- 2008-02-07➕BRIAN REID LTD. appointedcorporate-nominee-secretary
- 2008-02-07➖BRIAN REID LTD. resignedcorporate-nominee-secretary
- 2008-02-07➕STEPHEN MABBOTT LTD. appointedcorporate-nominee-director
- 2008-02-07➖STEPHEN MABBOTT LTD. resignedcorporate-nominee-director
Owner dependency
100/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- +Sole director: Only one active director — all governance concentrated on one person.
- +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 74 — succession pressure is live.
Succession & seller-readiness
98/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 74 years old. Natural succession window is now.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondary12+ year tenure: Director in role 18 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
cleanNo 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 · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Charlie Tawse Individual · British · DOB 11/1952 · age 74 | 75–100% | 75–100% | 75-100% shares · 75-100% voting | 06/04/2016 |
1 historic (ceased) PSC
- Walter Andersonceased 31/12/2019· 25-50% shares · 25-50% voting
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
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|---|---|---|---|---|---|---|---|
| DORNOCH AND DISTRICT COMMUNITY ASSOCIATION→ SC375856 · est 2010 | — | — | £346.7k | — | 16y | 83 | 84y |
| HIGHLAND GLIDING CLUB LIMITED→ SC155807 · est 1995 | — | — | £218.2k | — | 31y | 83 | 71y |
| MONIACK MHOR LIMITED→ SC131468 · est 1991 · no financials extracted | — | — | — | — | 35y | 83 | 73y |
| THE MORAY SOCIETY→ SC106529 · est 1987 | — | — | — | 300 | 38y | 83 | 80y |
| THE TARBAT COMMUNITY HALL GROUP→ SC249708 · est 2003 | — | — | £142.0k | — | 22y | 83 | 75y |
| APPLECROSS HISTORICAL SOCIETY→ SC208619 · est 2000 | — | — | — | 0 | 25y | 81 | 80y |
| AULDEARN COMMUNITY TRUST→ SC229632 · est 2002 | — | — | £69.3k | — | 24y | 81 | 82y |
| ON HIGH HILLS LTD→ SC661851 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| PRODUCTION & TOURING SOLUTIONS LTD→ SC879794 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| RIVERHEAD TRADING LTD→ SC880518 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| SKYEFARI LTD→ SC669526 · est 2020 · no financials extracted | — | — | — | — | 5y | — | — |
| TOE 2 TOE DANCE LIMITED→ SC822558 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
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
Incorporated2008-02-07
Jurisdictionscotland
Primary SIC93290 — Other amusement and recreation activities n.e.c.
Registered office
4th Floor Metropolitan House
31-33 High Street
Inverness
IV1 1HT
Filing status
Accounts
Next due: 2026-11-30
Last made up to: 2025-02-28
Confirmation statement
Next due: 2027-02-05
Last: 2026-01-22
Officers (1 active · 3 resigned)
TAWSE, Charlie→
Activedirector · ~74y · appointed 2008-02-07
View their other companies + combined net worth →
ANDERSON, Walter→
Resignedsecretary · appointed 2008-02-07 · resigned 2019-12-31
BRIAN REID LTD.→
Resignedcorporate-nominee-secretary · appointed 2008-02-07 · resigned 2008-02-07
STEPHEN MABBOTT LTD.→
Resignedcorporate-nominee-director · appointed 2008-02-07 · resigned 2008-02-07
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
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 20/04/2011 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (58 total)
accounts-with-accounts-type-micro-entity
accounts · AA
2026-02-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-22
accounts-with-accounts-type-micro-entity
accounts · AA
2025-02-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-17
accounts-with-accounts-type-micro-entity
accounts · AA
2024-05-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-02-19
accounts-with-accounts-type-micro-entity
accounts · AA
2023-02-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-02-02
accounts-with-accounts-type-micro-entity
accounts · AA
2022-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-23
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2022-02-23
change-person-director-company-with-change-date
officers · CH01
2022-02-23
accounts-with-accounts-type-micro-entity
accounts · AA
2021-02-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-15
confirmation-statement-with-updates
confirmation-statement · CS01
2020-03-19