THE ROYAL SCOTTISH PIPE BAND ASSOCIATION

🌳Matureactive

SC394198 · private-limited-guarant-nsc-limited-exemption · incorporated 2011-02-24

Investment thesis

Looks cheap but ownership + security both unclear — probable value trap.

Why interesting: Headline metrics may be attractive.

Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 6.6y old — refinance window within 12 months

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

83/100

Exceptional

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What this business does

Primary activity: Activities of other membership organisations n.e.c.

Sector: Other service activities

Investor take

Pursue

Active trading company with a 71-year-old founder — textbook succession opportunity.

Opportunity 83/100 (exceptional), bankability 75/100. Strong seller-intent signal (63/100, director aged 71). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 6.6y

50/100

clean up first

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

· Oldest live charge is 6.6 years old — likely at or near maturity.
· Two lenders — manageable, but coordination required.
· Legal-friction score 28/100 — workable, but lender will want more DD.

Data confidence

Overall: low (47/100)

Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.

Company profile

address, 1 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

2 charges (2/2 with lender, 2/2 with type)

Directors & officers

47 officers (15 active, 47 linked, 45 with DOB)

Ownership & PSC

No PSCs filed (unusual — worth investigating)

Director network

Network not yet resolved

Filing history

101 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

83/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

• 1 confirmation-statement
• 1 officers

Last 90 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Last 180 days

filings

• 2 officers
• 1 confirmation-statement
• 1 accounts

Counts from Companies House filing history.

Corporate timeline (104 events)Click to expand

2026-05-07
➖
HAMILTON, Geoffrey resigned
director
2026-05-07
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-03-25
📄
accounts-with-accounts-type-full
accounts · AA
2026-03-23
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-14
➕
HUNTER, David Alexander appointed
director
2025-04-17
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-17
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-03-14
➖
MACPHEE, Donald resigned
director
2025-03-10
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-03-08
➕
DUTHIE, Alison appointed
director
2024-12-23
📄
accounts-with-accounts-type-full
accounts · AA
2024-12-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-05
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-05
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-12-01
➕
KERR, Michael appointed
director
2024-12-01
➖
MCGEOCH, Peter Alan resigned
director
2024-11-30
➕
HAMILTON, Geoffrey appointed
director
2024-11-30
➖
RONALDSON, Lorraine Margaret resigned
director
2024-03-19
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-19
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-12
➖
MCANDREW, Paul resigned
director
2024-03-11
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-11
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-03-09
➕
BROWN SCOTT, Malcolm John appointed
director
2024-03-09
➖
HUGHES, John Brian resigned
director
2024-03-09
➕
MACPHEE, Donald appointed
director
2024-03-09
➖
REILLY, Kevin resigned
director
2023-11-30
➕
ALLAN, Jackie appointed
director
2023-11-30
➕
HALL, Ray appointed
director
2023-11-30
➕
MCCLEERY, Alastair appointed
director
2023-11-30
➖
GREEVES, Nigel John resigned
director
2023-11-30
➕
HUGHES, John Brian appointed
director
2023-11-30
➖
MACGREGOR, Walter Marrow resigned
director
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2023-11-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-30
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-11-26
➕
STARR, Paul appointed
director
2023-09-01
➖
FAULKNER, Arlene resigned
director
2023-08-25
➖
BROWN-SCOTT, Malcolm John resigned
director
2023-03-11
➖
BROWN, Paul Lawrence resigned
director
2023-03-11
➖
CROTHERS, Kenny resigned
director
2022-09-01
➕
MULHERN, Colin Robert appointed
secretary
2022-08-24
➖
EMBELTON, Ian resigned
secretary
2022-03-12
➕
PARSONS, Lezley Richard appointed
director
2022-03-12
➖
ROBERTSON, Kathleen Winifred Jean resigned
director

Showing most recent 50 of 104 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

-14 active directors: Broader management team in place — suggests transferable governance.
+Long-tenure founder: Senior director has been in place 15 years — deep operational knowledge concentrated in one person.
+Founder age: Director aged approximately 71 — succession pressure is live.

Succession & seller-readiness

73/100

Strong succession signal

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

SIGNALS

primaryFounder aged 70+: Senior director is approximately 71 years old. Natural succession window is now.
secondary12+ year tenure: Director in role 15 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.)

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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 →

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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

Typeprivate-limited-guarant-nsc-limited-exemption

Incorporated2011-02-24

Jurisdictionscotland

Primary SIC94990 — Activities of other membership organisations n.e.c.

Registered office

45 Washington Street

Glasgow

G3 8AZ

Filing status

Accounts

Next due: 2027-09-30

Last made up to: 2025-12-31

Confirmation statement

Next due: 2027-03-10

Last: 2026-02-24