SUN SHACK LIMITED

🌳Matureactive
SC373465 · ltd · incorporated 2010-02-23
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 8.0y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
—
book net assets
Opportunity
78/100
Strong
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What this business does
Primary activity: Fitness facilities
Sector: Arts, entertainment & recreation
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 78/100 (strong), bankability 80/100. 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 (58/100).

🏦

Refinance opportunity

2 live charges · oldest 8.0y

85/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 8.0 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (84/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
19 connected companies via shared directors
90
Filing history
49 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
78/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
65
Some acquirability indicators.
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£0Mar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-03-312024-03-31
Average employees1040010200

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 confirmation-statement
Last 180 days
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (22 events)Click to expand
  1. 2025-12-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-06-11
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  3. 2025-06-11
    🔓
    Charge satisfied #1
  4. 2024-10-04
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2023-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  6. 2023-08-31
    📄
    accounts-amended-with-accounts-type-total-exemption-full
    accounts · AAMD
  7. 2023-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-03-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  9. 2021-03-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2019-12-31
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  11. 2019-10-24
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  12. 2019-07-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  13. 2019-07-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  14. 2019-01-18
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2018-06-08
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  16. 2018-05-31
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  17. 2018-04-30
    📄
    mortgage-create-with-deed-with-charge-number-charge-creation-date
    mortgage · MR01
  18. 2018-04-25
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  19. 2018-01-02
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  20. 2011-08-31
    ➕
    RUSSELL, Robert appointed
    director
  21. 2010-02-23
    🏢
    Company incorporated
    As SUN SHACK LIMITED
  22. 2010-02-23
    ➕
    RAFFERTY, Lisa appointed
    director

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +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.
  • +No director turnover: Company is 16 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

59/100
Strong succession signal

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

SIGNALS
  • 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.)

Shareholders & ownership

1 active beneficial owner
NameSharesVoting rightsNature of controlNotified
Mr Robert Lannigan Russell
Individual · Scottish · DOB 12/1975 · age 51
25–50%
25–50%board control25-50% shares · 25-50% voting · board control · firm interest01/07/2016

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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CompanyEst. valueTurnoverNet worthStaffAgeOppDirector
BIGGAR MUSEUM TRUST→
SC398044 · est 2011
——£2.14M—15y8377y
THE BIGGAR ALBION FOUNDATION LIMITED→
SC214838 · est 2001
——£462.7k—25y8370y
CHAMPIONS LEAGUE FOOTBALL LIMITED→
SC167752 · est 1996
——£234.5k—29y8271y
ON SITE AUDIO VISUAL SERVICES LIMITED→
SC269886 · est 2004
——£346.2k—21y8267y
PHOTOFLASH TRAVEL LTD.→
SC386666 · est 2010
——£431.8k—15y8263y
R. & F. WILMOT LTD.→
SC262419 · est 2004
———70022y8260y
BIGGAR & DISTRICT COMMUNITY HERITAGE LIMITED→
SC281826 · est 2005
——£12.3k—21y8180y
LOTHIAN CAR CLUB (EDINBURGH) LIMITED (THE)→
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——£39.0k—77y8171y
A L BEAUTY CLINIC LTD→
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——£31.5k—15y8060y
ALBA TOURS LIMITED→
SC233633 · est 2002
——£206.2k—23y8065y
BARR LEISURE LIMITED→
SC154882 · est 1994 · no financials extracted
————31y8065y
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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.

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Company details

Statusactive
Typeltd
Incorporated2010-02-23
Jurisdictionscotland
Primary SIC93130 — Fitness facilities

Registered office

Unit 4a Palace Grounds Retail Park
Hamilton
ML3 6AD
Scotland

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2027-02-18
Last: 2026-02-04

Officers (2 active · 0 resigned)

RAFFERTY, Lisa→
director · ~45y · appointed 2010-02-23
View their other companies + combined net worth →
Active
RUSSELL, Robert→
director · ~51y · appointed 2011-08-31
View their other companies + combined net worth →
Active

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property31/05/2018—
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge—25/04/201811/06/2025
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (49 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-02-05
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-12
mortgage-satisfy-charge-full
mortgage · MR04
2025-06-11
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-02-24
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-04
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-07
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-12-31
accounts-amended-with-accounts-type-total-exemption-full
accounts · AAMD
2023-08-31
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-28
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-03-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-03-29
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-04-24
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-03-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-26