LOCHRISE LIMITED

🌳Matureactive
SC403247 · ltd · incorporated 2011-07-11
Investment thesis
Established operating company — standard diligence applies, no dominant angle.
Why interesting: Live, filing, normal profile.
Why risky: No standout signals in either direction.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.2y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Feb 2025
Net worth
£-985.1k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Public houses and bars
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), 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 (65/100).

🏦

Refinance opportunity

1 live charge · oldest 14.2y

85/100
ready

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

  • · Oldest live charge is 14.2 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: high (82/100)

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
8 officers (3 active, 8 linked, 6 with DOB)
85
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
56 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
80/100Exceptional
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
75
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 102
Negative net assets
Liabilities exceed assets by £985,100
Cash YoY
+191%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£4k
↑ 191% YoY
Net Worth
-£985k
~ YoY
Current Assets
£639k
~ YoY
Current Liabilities
—
-£985k-£660k-£335k-£11k£314k£639kFeb 2024Feb 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-02-282024-02-28
Total assets£-985.1k£-983.5k
Current assets£639.2k£636.8k
Cash£3.6k£1.2k
Debtors£635.5k£635.5k
Net assets£-985.1k£-983.5k

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
0
filings
Last 180 days
1
filing
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
  1. 2025-11-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2025-02-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2024-11-20
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  4. 2024-02-16
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  5. 2023-11-17
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  6. 2023-02-25
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  7. 2022-08-09
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  8. 2022-02-10
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  9. 2021-09-03
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  10. 2021-02-23
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  11. 2020-02-27
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  12. 2019-11-29
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  13. 2019-02-20
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  14. 2019-02-19
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  15. 2019-02-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2018-01-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2017-09-20
    📄
    legacy
    miscellaneous · RP04CS01
  18. 2015-05-18
    ➖
    KENEE, Steven Michael resigned
    director
  19. 2012-08-30
    ➕
    KENEE, Steven Michael appointed
    director
  20. 2012-08-30
    ➖
    LEWIS, Nicholas Peter resigned
    director
  21. 2012-05-27
    ➕
    LIDDLE, Keith Macnicol appointed
    secretary
  22. 2012-02-27
    ➖
    KENEE, Steven Michael resigned
    director
  23. 2012-02-27
    ➕
    LEWIS, Nicholas Peter appointed
    director
  24. 2012-02-24
    🔒
    Charge registered #1
    Lender: Downing LLP
  25. 2012-02-21
    ➕
    KENEE, Steven Michael appointed
    director
  26. 2011-07-11
    🏢
    Company incorporated
    As LOCHRISE LIMITED
  27. 2011-07-11
    ➕
    SMITH, Paul appointed
    director
  28. 2011-07-11
    ➕
    SMITH, Stephen William appointed
    director
  29. 2011-07-11
    ➕
    BRIAN REID LTD. appointed
    corporate-secretary
  30. 2011-07-11
    ➖
    BRIAN REID LTD. resigned
    corporate-secretary
  31. 2011-07-11
    ➕
    MABBOTT, Stephen George appointed
    director
  32. 2011-07-11
    ➖
    MABBOTT, Stephen George resigned
    director

Owner dependency

74/100
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.
  • +Senior director age: Director aged approximately 64 — 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
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • 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.)

Shareholders & ownership

2 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Paul Smith
Individual · British · DOB 06/1965 · age 61
——sig. influencesignificant influence · firm interest11/07/2016
Mr Stephen William Smith
Individual · British · DOB 04/1962 · age 64
——sig. influencesignificant influence · firm interest11/07/2016

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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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
Incorporated2011-07-11
Jurisdictionscotland
Primary SIC56302 — Public houses and bars

Registered office

2nd Floor Offices
52-54 King Street
Stirling
Scotland
FK8 1AY

Filing status

Accounts
Next due: 2026-11-23
Last made up to: 2025-02-28
Confirmation statement
Next due: 2026-07-25
Last: 2025-07-11

Officers (3 active · 5 resigned)

LIDDLE, Keith Macnicol→
secretary · appointed 2012-05-27
View their other companies + combined net worth →
Active
SMITH, Paul→
director · ~61y · appointed 2011-07-11
View their other companies + combined net worth →
Active
SMITH, Stephen William→
director · ~64y · appointed 2011-07-11
View their other companies + combined net worth →
Active
BRIAN REID LTD.→
corporate-secretary · appointed 2011-07-11 · resigned 2011-07-11
Resigned
KENEE, Steven Michael→
director · ~47y · appointed 2012-08-30 · resigned 2015-05-18
Resigned
KENEE, Steven Michael→
director · ~47y · appointed 2012-02-21 · resigned 2012-02-27
Resigned
LEWIS, Nicholas Peter→
director · ~71y · appointed 2012-02-27 · resigned 2012-08-30
Resigned
MABBOTT, Stephen George→
director · ~76y · appointed 2011-07-11 · resigned 2011-07-11
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
Downing
Downing LLP
Floating charge1 property24/02/2012—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (56 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-11
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-02-19
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-11-20
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-11
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2024-02-16
change-account-reference-date-company-previous-shortened
accounts · AA01
2023-11-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-07-14
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2023-02-25
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2022-08-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-07-22
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-02-10
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2021-09-03
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-07-12
change-account-reference-date-company-previous-shortened
accounts · AA01
2021-02-23