THE RANGERS FOOTBALL CLUB LIMITED

🌳Matureactive

SC425159 · ltd · incorporated 2012-05-29

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

—

not disclosed

Net worth

—

book net assets

Opportunity

69/100

Strong

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What this business does

Primary activity: Activities of sport clubs

Sector: Arts, entertainment & recreation

Investor take

Pursue

Active trading company. Reasonable fundamentals — worth a memo before deciding.

Opportunity 69/100 (strong), bankability 67/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 8 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: strategic trade sale (38/100).

🏦

Refinance opportunity

16 live charges · 8 lenders · oldest 24.4y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 24.4 years old — likely at or near maturity.
· 8 lenders named — inter-creditor friction likely.
· Legal-friction score 53/100 (high).

Data confidence

Overall: medium (60/100)

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

No iXBRL financials extracted

Lenders & charges

16 charges (16/16 with lender, 16/16 with type)

Directors & officers

36 officers (5 active, 36 linked, 30 with DOB)

Ownership & PSC

1 active PSC(s) of 1 total, 1 with control declared

Director network

12 connected companies via shared directors

Filing history

141 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

69/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Active, clean filings, stable charge profile.

Acquirability

Some acquirability indicators.

Risk profile

Some moderate concerns — review flags.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filing

• 1 officers

Last 180 days

filings

• 3 officers

Counts from Companies House filing history.

Corporate timeline (121 events)Click to expand

2026-03-30
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-03-26
➕
GILLESPIE, James Glen appointed
director
2026-02-27
➖
MARATHE, Paraag resigned
director
2026-02-27
📄
appoint-person-director-company-with-name-date
officers · AP01
2026-02-27
📄
termination-director-company-with-name-termination-date
officers · TM01
2026-02-25
➕
THORNTON, Fraser John appointed
director
2025-11-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2025-11-24
➖
STEWART, Patrick resigned
director
2025-10-04
📄
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2025-09-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-21
📄
appoint-person-director-company-with-name-date
officers · AP01
2025-09-05
➕
CAVENAGH, Andrew appointed
director
2025-09-05
➕
MARATHE, Paraag appointed
director
2025-07-07
📄
accounts-with-accounts-type-full
accounts · AA
2025-03-11
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-11
🔒
Charge registered #16
Lender: Macquarie Bank Limited, London Branch
2024-12-31
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-12-16
➕
STEWART, Patrick appointed
director
2024-11-08
➕
HORSMAN, Graham appointed
secretary
2024-11-08
➖
TAYLOR, James resigned
secretary
2024-11-08
➖
ROBERTSON, Creag resigned
director
2024-11-08
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-11-08
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2024-11-08
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2024-07-10
📄
termination-director-company-with-name-termination-date
officers · TM01
2024-06-30
➖
BISGROVE, James John resigned
director
2024-03-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-22
📄
appoint-person-director-company-with-name-date
officers · AP01
2024-03-14
➕
TAYLOR, James Alexander appointed
director
2024-03-14
➕
ROBERTSON, Creag appointed
director
2024-01-11
📄
accounts-with-accounts-type-full
accounts · AA
2023-12-04
📄
appoint-person-secretary-company-with-name-date
officers · AP03
2023-12-04
📄
termination-secretary-company-with-name-termination-date
officers · TM02
2023-12-01
➖
BLAIR, James Don resigned
secretary
2023-12-01
➕
TAYLOR, James appointed
secretary
2023-07-31
➖
ROBERTSON, Stewart Martin resigned
director
2023-07-31
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-26
➖
BARCLAY, Kenneth Edward resigned
director
2023-05-26
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-22
📄
termination-director-company-with-name-termination-date
officers · TM01
2023-05-12
➖
DICKSON, Andrew James resigned
director
2023-04-12
➖
WILSON, Ross James resigned
director
2022-10-07
➖
GRAHAM, David Joseph resigned
director
2021-12-08
➕
BARCLAY, Kenneth Edward appointed
director
2021-12-08
➕
GRAHAM, David Joseph appointed
director
2021-12-08
➖
LETHAM, George John resigned
director
2021-08-19
🔓
Charge satisfied #15
2021-08-05
🔓
Charge satisfied #14
2021-08-05
🔓
Charge satisfied #13
2021-06-09
🔓
Charge satisfied #11

Showing most recent 50 of 121 events

Owner dependency

40/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.

Succession & seller-readiness

30/100

Weak signal

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

Red flags

2 med ·

2 director resignations in last 12 months

medium

Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.

Evidence: MARATHE, Paraag resigned 2026-02-27; STEWART, Patrick resigned 2025-11-24

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Group structure

Rangers International Football Club Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Rangers International Football Club Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

THE RANGERS FOOTBALL CLUB LIMITED

This company · SC425159

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%

Name	Shares	Voting rights	Nature of control	Notified
Rangers International Football Club Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	06/04/2016

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 →

Similar companies

Active · Leisure & entertainment · G postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
STEWART TRAVEL LIMITED→ SC400502 · est 2011	£30.04M £23.36M–£36.72M	£109.39M	—	36000	15y	91	68y
BARRHEAD TRAVEL SERVICE LIMITED→ SC057208 · est 1975	£9.61M £7.47M–£11.74M	£89.85M	—	56600	51y	82	59y
IF ONLY HOLIDAYS LIMITED→ SC268032 · est 2004	£4.61M £3.59M–£5.64M	—	—	5900	22y	85	69y
AC PROJECTS/ALTERNATIVE CURRENTS LIMITED→ SC400717 · est 2011	£3.2k £2.5k–£3.9k	—	—	0	14y	93	66y
ALLAN GLEN'S SPORTS CLUB LIMITED→ SC117858 · est 1989	—	—	£1.9k	—	37y	83	88y
D. & D. AMUSEMENTS LTD.→ SC196522 · est 1999	—	—	£120.9k	—	27y	83	68y
FACT THREE→ SC319714 · est 2007	—	—	£168.8k	—	19y	83	73y
GREENACRES CURLING LTD.→ SC200546 · est 1999	—	—	—	1200	26y	83	77y
IN EXTREMIS LIMITED→ SC142085 · est 1993	—	—	£61.2k	—	33y	83	61y
SCOTTISH JEWISH ARCHIVES CENTRE→ SC210878 · est 2000	—	—	£120.5k	—	25y	83	79y
SCOTTISH NATIONAL MEMORIAL TO DAVID LIVINGSTONE TRUST→ SC016172 · est 1930 · no financials extracted	—	—	—	—	95y	83	75y
THE ANTONINE SPORTS CENTRE→ SC144453 · est 1993	—	—	£199.7k	—	33y	83	86y

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

Incorporated2012-05-29

Jurisdictionscotland

Primary SIC93120 — Activities of sport clubs

Registered office

Ibrox Stadium

150 Edmiston Drive

Glasgow

G51 2XD

Filing status

Accounts

Next due: 2026-06-30

Last made up to: 2024-06-30

Confirmation statement

Next due: 2026-06-12

Last: 2025-05-29