CLOSEBURN NORTH LIMITED

🌳Matureactive
SC404954 · ltd · incorporated 2011-08-08
Investment thesis
Property vehicle with a workable charge structure — clean refinance potential.
Why interesting: Asset-backed; value largely in underlying property; lender engagement likely possible.
Why risky: Dependent on title and valuation due diligence; standard property risks.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 14.7y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
year to Mar 2025
Net worth
£146.4k
book net assets
Opportunity
80/100
Exceptional
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What this business does
Primary activity: Other letting and operating of own or leased real estate
Sector: Real estate
Investor take
Pursue
Property-backed borrower. Family succession underway — not a classic acquisition target.

Opportunity 80/100 (exceptional), bankability 80/100. Same-surname younger director in place — likely family handover, not open to sale. Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (65/100).

🏦

Refinance opportunity

1 live charge · oldest 14.7y

85/100
ready

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

  • · Oldest live charge is 14.7 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 15/100 — clean.

Data confidence

Overall: medium (78/100)

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
6 officers (5 active, 6 linked, 5 with DOB)
87
Ownership & PSC
3 active PSC(s) of 3 total, 3 with control declared
90
Director network
Network not yet resolved
30
Filing history
33 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
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 · accounting standard not declared
Positive net assets
Net assets £146,368
Cash YoY
+114%
Year on year

Key financials

2 years extracted from filed iXBRL accounts
Cash
£2k
↑ 114% YoY
Net Worth
£146k
↑ 7.1% YoY
Current Assets
£7k
↓ 2.6% YoY
Current Liabilities
—
£0£29k£59k£88k£117k£146kMar 2024Mar 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-03-312024-03-31
Total assets£146.5k£136.8k
Current assets£7.2k£7.4k
Cash£2.1k£961
Debtors£5.1k£6.4k
Net assets£146.4k£136.6k

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 (24 events)Click to expand
  1. 2025-12-31
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-12-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-12-27
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2022-12-22
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  5. 2021-12-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  6. 2021-09-07
    ➕
    WILLIAMSON, Craig appointed
    director
  7. 2021-09-07
    ➖
    NICOL, Angus Mcleod resigned
    director
  8. 2021-09-07
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2021-09-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  10. 2021-02-16
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2020-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2019-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-02-14
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  14. 2016-11-17
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  15. 2015-08-17
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2015-07-29
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  17. 2014-08-20
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2011-09-19
    🔒
    Charge registered #1
    Lender: Clydesdale Bank PLC
  19. 2011-08-08
    🏢
    Company incorporated
    As CLOSEBURN NORTH LIMITED
  20. 2011-08-08
    ➕
    WILLIAMSON, Gillian Elspeth appointed
    secretary
  21. 2011-08-08
    ➕
    MCGENILY, Ian George appointed
    director
  22. 2011-08-08
    ➕
    WILLIAMSON, Gillian Elspeth appointed
    director
  23. 2011-08-08
    ➕
    WILLIAMSON, Matthew Little appointed
    director
  24. 2011-08-08
    ➕
    NICOL, Angus Mcleod appointed
    director

Owner dependency

63/100
High — earn-out structure required

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

FACTORS
  • -4 active directors: Broader management team in place — suggests transferable governance.
  • +Founder age: Director aged approximately 71 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

33/100
Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS
  • primaryFamily succession underway: Not a takeover target — WILLIAMSON, Craig (same surname) appointed 2021-09-07. Pattern consistent with intra-family handover.
  • 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.)

Group structure

Orchard Engineering holds 25-50% — a significant corporate investor but not a controlling parent.

🏛️
Orchard Engineering
Corporate parent · holds 25-50% shares
significant stake
⬇
CLOSEBURN NORTH LIMITED
This company · SC404954

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

Shareholders & ownership

3 active beneficial owners
NameSharesVoting rightsNature of controlNotified
Mr Matthew Little Williamson
Individual · British · DOB 02/1957 · age 69
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Mrs Gillian Elspeth Williamson
Individual · British · DOB 10/1955 · age 71
25–50%
25–50%25-50% shares · 25-50% voting06/04/2016
Orchard Engineering
Corporate entity
25–50%
25–50%25-50% shares · 25-50% voting · firm interest06/04/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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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 →
🔒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
Incorporated2011-08-08
Jurisdictionscotland
Primary SIC68209 — Other letting and operating of own or leased real estate

Registered office

C/O Farries Kirk & Mcvean Dumfries Enterprise Park
Heathhall
Dumfries
DG1 3SJ

Filing status

Accounts
Next due: 2026-12-31
Last made up to: 2025-03-31
Confirmation statement
Next due: 2026-08-22
Last: 2025-08-08

Officers (5 active · 1 resigned)

WILLIAMSON, Gillian Elspeth→
secretary · appointed 2011-08-08
View their other companies + combined net worth →
Active
MCGENILY, Ian George→
director · ~60y · appointed 2011-08-08
View their other companies + combined net worth →
Active
WILLIAMSON, Craig→
director · ~37y · appointed 2021-09-07
View their other companies + combined net worth →
Active
WILLIAMSON, Gillian Elspeth→
director · ~71y · appointed 2011-08-08
View their other companies + combined net worth →
Active
WILLIAMSON, Matthew Little→
director · ~69y · appointed 2011-08-08
View their other companies + combined net worth →
Active
NICOL, Angus Mcleod→
director · ~38y · appointed 2011-08-08 · resigned 2021-09-07
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
Virgin Money
Clydesdale Bank PLC
Standard security1 property19/09/2011—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (33 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-12-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-12-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-08-09
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-12-22
confirmation-statement-with-updates
confirmation-statement · CS01
2022-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-12-29
appoint-person-director-company-with-name-date
officers · AP01
2021-09-07
termination-director-company-with-name-termination-date
officers · TM01
2021-09-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-08-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-02-16
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-08-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2020-02-14