PITLOCHRY GOLF LIMITED

🌳Matureactive
SC368534 · ltd · incorporated 2009-11-13
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 16.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
£689.8k
book net assets
Opportunity
82/100
Exceptional
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What this business does
Primary activity: Other sports activities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Active trading company with a 61-year-old founder — textbook succession opportunity.

Opportunity 82/100 (exceptional), bankability 80/100. Strong seller-intent signal (70/100, director aged 61). 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 16.2y

65/100
clean up first

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

  • · Oldest live charge is 16.2 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: high (81/100)

Strong data coverage across all sections. AI outputs should be trusted with minimal caveats.

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
6 officers (2 active, 6 linked, 5 with DOB)
87
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
6 connected companies via shared directors
63
Filing history
51 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 · accounting standard not declared
Positive net assets
Net assets £689,767

Key financials

2 years extracted from filed iXBRL accounts
Cash
—
Net Worth
£690k
↑ 13% YoY
Current Assets
£22k
↓ 46% YoY
Current Liabilities
—
£0£138k£276k£414k£552k£690kDec 2023Dec 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-12-312023-12-31
Total assets£7.8k£15.0k
Current assets£21.9k£40.6k
Net assets£689.8k£609.1k

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
0
filings
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-10-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  2. 2024-12-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  3. 2023-09-28
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  4. 2022-11-08
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2022-08-23
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  6. 2021-11-09
    📄
    change-person-director-company-with-change-date
    officers · CH01
  7. 2021-09-27
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  8. 2020-11-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2020-09-11
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  10. 2020-05-01
    ➕
    CARRUTHERS, Greg appointed
    director
  11. 2019-09-30
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2018-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  13. 2018-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  14. 2018-11-28
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2018-11-28
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2018-11-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  17. 2018-01-01
    ➖
    DRUMMOND, Richard William resigned
    director
  18. 2018-01-01
    ➖
    ERASMUS, Jonathon Paul resigned
    director
  19. 2014-01-01
    ➕
    ERASMUS, Jonathon Paul appointed
    director
  20. 2012-09-07
    ➖
    ERASMUS, Jonathon Paul resigned
    director
  21. 2010-02-14
    🔒
    Charge registered #1
    Lender: Charles Harold Alexander Butter
  22. 2010-01-26
    ➖
    QUEENSFERRY SQUARE LIMITED resigned
    corporate-secretary
  23. 2009-11-13
    🏢
    Company incorporated
    As PITLOCHRY GOLF LIMITED
  24. 2009-11-13
    ➕
    CARRUTHERS, Stephen Ford appointed
    director
  25. 2009-11-13
    ➕
    QUEENSFERRY SQUARE LIMITED appointed
    corporate-secretary
  26. 2009-11-13
    ➕
    DRUMMOND, Richard William appointed
    director
  27. 2009-11-13
    ➕
    ERASMUS, Jonathon Paul appointed
    director

Owner dependency

84/100
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 16 years — deep operational knowledge concentrated in one person.
  • +Senior director age: Director aged approximately 61 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

69/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 61. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 16 years.
  • secondaryStable-but-static management: Company is 16 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.)

Group structure

Atholl Prospect Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Atholl Prospect Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
PITLOCHRY GOLF LIMITED
This company · SC368534

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Atholl Prospect Limited
Corporate entity
75–100%
—75-100% shares01/01/2018
3 historic (ceased) PSCs
  • Mr Jonathon Eramusceased 01/01/2018· 25-50% shares
  • Mr Richard Drummondceased 01/01/2018· 25-50% shares
  • Mr Stephen Carruthersceased 01/01/2018· 25-50% shares

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

6 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
Incorporated2009-11-13
Jurisdictionscotland
Primary SIC93199 — Other sports activities

Registered office

Club House
Golf Course Road
Pitlochry
Perthshire
PH16 5QY

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-26
Last: 2025-11-12

Officers (2 active · 4 resigned)

CARRUTHERS, Greg→
director · ~39y · appointed 2020-05-01
View their other companies + combined net worth →
Active
CARRUTHERS, Stephen Ford→
director · ~61y · appointed 2009-11-13
View their other companies + combined net worth →
Active
QUEENSFERRY SQUARE LIMITED→
corporate-secretary · appointed 2009-11-13 · resigned 2010-01-26
Resigned
DRUMMOND, Richard William→
director · ~66y · appointed 2009-11-13 · resigned 2018-01-01
Resigned
ERASMUS, Jonathon Paul→
director · ~53y · appointed 2014-01-01 · resigned 2018-01-01
Resigned
ERASMUS, Jonathon Paul→
director · ~53y · appointed 2009-11-13 · resigned 2012-09-07
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
Charles Harold Alexander Butter
Floating charge1 property14/02/2010—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (51 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-12
accounts-with-accounts-type-micro-entity
accounts · AA
2025-10-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-10-23
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-14
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-11-05
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-11-06
accounts-with-accounts-type-micro-entity
accounts · AA
2023-09-28
change-person-director-company-with-change-date
officers · CH01
2022-11-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-11-07
accounts-with-accounts-type-micro-entity
accounts · AA
2022-08-23
change-person-director-company-with-change-date
officers · CH01
2021-11-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-11-04
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-11-17