LORNE RESOURCES LTD

🌳Matureactive
SC419439 · ltd · incorporated 2012-03-14
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
hardening · 12-months
Already tight — no obvious softening catalysts on the horizon.
  • · Thesis: well-run, low negotiation leverage
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Dec 2024
Net worth
—
book net assets
Opportunity
79/100
Strong
🔔
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What this business does
Primary activity: SIC 07290
Sector: Mining & quarrying
Investor take
Pursue
Strong opportunity: active trading company with strong profile and bankable structure.

Opportunity 79/100 (strong), bankability 75/100. 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 (73/100).

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
Confirmed no charges registered
85
Directors & officers
9 officers (2 active, 9 linked, 7 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
11 connected companies via shared directors
78
Filing history
53 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
79/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
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£0Dec 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

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
1
filing
  • • 1 confirmation-statement
Last 90 days
1
filing
  • • 1 confirmation-statement
Last 180 days
1
filing
  • • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (34 events)Click to expand
  1. 2025-09-19
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2024-09-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  3. 2023-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2023-05-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  5. 2023-05-18
    ➕
    HAYES, Chelsea Louisa appointed
    director
  6. 2022-09-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  7. 2022-09-13
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  8. 2022-01-18
    📄
    second-filing-change-details-of-a-person-with-significant-control
    persons-with-significant-control · RP04PSC05
  9. 2021-12-24
    📄
    second-filing-notification-of-a-person-with-significant-control
    persons-with-significant-control · RP04PSC02
  10. 2021-12-21
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  11. 2021-09-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2021-07-21
    ➖
    WATERS, Patrick James resigned
    director
  13. 2021-07-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2020-12-23
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  15. 2020-06-08
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  16. 2020-06-08
    📄
    withdrawal-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC09
  17. 2020-05-21
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2020-05-10
    ➖
    PYM, David Ewan, Mr. resigned
    director
  19. 2019-05-20
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2019-05-08
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  21. 2019-03-15
    ➖
    HMS SECRETARIES LIMITED resigned
    corporate-secretary
  22. 2018-03-22
    ➕
    MCLELLAN, Ross appointed
    director
  23. 2018-03-22
    ➖
    BRAND, Nigel Willmott resigned
    director
  24. 2018-03-22
    ➖
    HILL, Adrian Alexander Manners resigned
    director
  25. 2018-03-22
    ➕
    PYM, David Ewan, Mr. appointed
    director
  26. 2018-03-22
    ➕
    WATERS, Patrick James appointed
    director
  27. 2012-04-04
    ➕
    BRAND, Nigel Willmott appointed
    director
  28. 2012-03-14
    🏢
    Company incorporated
    As LORNE RESOURCES LTD
  29. 2012-03-14
    ➕
    HMS SECRETARIES LIMITED appointed
    corporate-secretary
  30. 2012-03-14
    ➕
    HILL, Adrian Alexander Manners appointed
    director
  31. 2012-03-14
    ➕
    MUNRO, Donald John appointed
    director
  32. 2012-03-14
    ➖
    MUNRO, Donald John resigned
    director
  33. 2012-03-14
    ➕
    HMS DIRECTORS LIMITED appointed
    corporate-director
  34. 2012-03-14
    ➖
    HMS DIRECTORS LIMITED resigned
    corporate-director

Owner dependency

66/100
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 59 — approaching natural succession window.

Succession & seller-readiness

46/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 59. Early succession window.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.

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

Western Gold Exploration (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Western Gold Exploration (Uk) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
LORNE RESOURCES LTD
This company · SC419439

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
Western Gold Exploration (Uk) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control18/03/2018

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
Incorporated2012-03-14
Jurisdictionscotland
Primary SIC07290 — SIC 07290

Registered office

The Lighthouse
Heugh Road
North Berwick
EH39 5PX
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-05-03
Last: 2026-04-19

Officers (2 active · 7 resigned)

HAYES, Chelsea Louisa→
director · ~51y · appointed 2023-05-18
View their other companies + combined net worth →
Active
MCLELLAN, Ross→
director · ~59y · appointed 2018-03-22
View their other companies + combined net worth →
Active
HMS SECRETARIES LIMITED→
corporate-secretary · appointed 2012-03-14 · resigned 2019-03-15
Resigned
BRAND, Nigel Willmott→
director · ~63y · appointed 2012-04-04 · resigned 2018-03-22
Resigned
HILL, Adrian Alexander Manners→
director · ~55y · appointed 2012-03-14 · resigned 2018-03-22
Resigned
MUNRO, Donald John→
director · ~55y · appointed 2012-03-14 · resigned 2012-03-14
Resigned
PYM, David Ewan, Mr.→
director · ~58y · appointed 2018-03-22 · resigned 2020-05-10
Resigned
WATERS, Patrick James→
director · ~70y · appointed 2018-03-22 · resigned 2021-07-21
Resigned
HMS DIRECTORS LIMITED→
corporate-director · appointed 2012-03-14 · resigned 2012-03-14
Resigned

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

Recent filings (53 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-04-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-09-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-05-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-09-24
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-04-22
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-09-29
appoint-person-director-company-with-name-date
officers · AP01
2023-05-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-05-16
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-09-29
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-09-13
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-04-19
second-filing-change-details-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC05
2022-01-18
second-filing-notification-of-a-person-with-significant-control
persons-with-significant-control · RP04PSC02
2021-12-24
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2021-12-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-09-30