LOTHIAN CATERING BUTCHERS LIMITED

🌳Matureactive
SC438936 · ltd · incorporated 2012-12-17
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 12.9y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Sept 2025
Net worth
£-67.5k
book net assets
Opportunity
80/100
Exceptional
🔔
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What this business does
Primary activity: Processing and preserving of meat
Sector: Manufacturing
ALSO REGISTERED FOR
  • 10120SIC 10120
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 80/100 (exceptional), bankability 85/100. 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).

🏦

Refinance opportunity

1 live charge · oldest 12.9y

85/100
ready

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

  • · Oldest live charge is 12.9 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 23/100 — clean.

Data confidence

Overall: medium (73/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 2 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
8 officers (2 active, 8 linked, 8 with DOB)
90
Ownership & PSC
1 active PSC(s) of 4 total, 4 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
55 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 · accounting standard not declared
Negative net assets
Liabilities exceed assets by £67,461

Key financials

1 year extracted from filed iXBRL accounts
Cash
£25k
Net Worth
-£67k
Current Assets
£178k
Current Liabilities
—

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2025-09-30
Total assets£-67.5k
Current assets£177.8k
Cash£25.1k
Debtors£110.6k
Net assets£-67.5k

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
2
filings
  • • 1 confirmation-statement
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (38 events)Click to expand
  1. 2026-01-16
    📄
    accounts-with-accounts-type-small
    accounts · AA
  2. 2025-05-21
    📄
    change-account-reference-date-company-current-extended
    accounts · AA01
  3. 2025-03-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  4. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  5. 2025-02-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  6. 2025-02-17
    📄
    notification-of-a-person-with-significant-control
    persons-with-significant-control · PSC02
  7. 2025-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  8. 2025-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  9. 2025-02-17
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  10. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  11. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  12. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2025-02-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  14. 2025-02-17
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  15. 2025-02-14
    ➕
    SIMPSON, David Barn appointed
    director
  16. 2025-02-14
    ➕
    SIMPSON, Graeme Dewar appointed
    director
  17. 2025-02-14
    ➕
    APPOLINARI, Stephen appointed
    director
  18. 2025-02-14
    ➖
    APPOLINARI, Stephen resigned
    director
  19. 2025-02-14
    ➖
    LAMOND, Andrew resigned
    director
  20. 2025-02-14
    ➖
    MAXWELL, Alan resigned
    director
  21. 2025-02-14
    ➖
    REILLY, Anthony John resigned
    director
  22. 2025-02-14
    ➖
    VAREILLE, Herve resigned
    director
  23. 2025-02-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  24. 2025-02-12
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  25. 2025-02-11
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  26. 2025-01-31
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  27. 2025-01-31
    🔓
    Charge satisfied #1
  28. 2025-01-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  29. 2025-01-14
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  30. 2024-02-28
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  31. 2017-07-31
    ➖
    SLEITH, William Mcewan resigned
    director
  32. 2013-06-28
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  33. 2013-04-01
    ➕
    LAMOND, Andrew appointed
    director
  34. 2013-04-01
    ➕
    REILLY, Anthony John appointed
    director
  35. 2013-04-01
    ➕
    SLEITH, William Mcewan appointed
    director
  36. 2013-04-01
    ➕
    VAREILLE, Herve appointed
    director
  37. 2012-12-17
    🏢
    Company incorporated
    As LOTHIAN CATERING BUTCHERS LIMITED
  38. 2012-12-17
    ➕
    MAXWELL, Alan appointed
    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 60 — approaching natural succession window.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

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 60. 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

Fife Creamery Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Fife Creamery Limited
Corporate parent · holds 75-100% shares
ultimate parent
⬇
LOTHIAN CATERING BUTCHERS LIMITED
This company · SC438936

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
Fife Creamery Limited
Corporate entity
75–100%
—75-100% shares14/02/2025
3 historic (ceased) PSCs
  • Mr Anthony John Reillyceased 14/02/2025· 25-50% shares · 25-50% voting
  • Mr Herve Vareilleceased 07/02/2025· significant influence
  • Mr Alan Maxwellceased 07/02/2025· significant influence

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
Incorporated2012-12-17
Jurisdictionscotland
Primary SIC10110 — Processing and preserving of meat

Registered office

Fife Creamery Limited Randolph Place
Randolph Industrial Estate
Kirkcaldy
Scotland
KY1 2YX
Scotland

Filing status

Accounts
Next due: 2027-06-30
Last made up to: 2025-09-30
Confirmation statement
Next due: 2027-01-31
Last: 2026-01-17

Officers (2 active · 6 resigned)

SIMPSON, David Barn→
director · ~60y · appointed 2025-02-14
View their other companies + combined net worth →
Active
SIMPSON, Graeme Dewar→
director · ~56y · appointed 2025-02-14
View their other companies + combined net worth →
Active
APPOLINARI, Stephen→
director · ~67y · appointed 2025-02-14 · resigned 2025-02-14
Resigned
LAMOND, Andrew→
director · ~59y · appointed 2013-04-01 · resigned 2025-02-14
Resigned
MAXWELL, Alan→
director · ~53y · appointed 2012-12-17 · resigned 2025-02-14
Resigned
REILLY, Anthony John→
director · ~67y · appointed 2013-04-01 · resigned 2025-02-14
Resigned
SLEITH, William Mcewan→
director · ~61y · appointed 2013-04-01 · resigned 2017-07-31
Resigned
VAREILLE, Herve→
director · ~54y · appointed 2013-04-01 · resigned 2025-02-14
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property28/06/201331/01/2025

Recent filings (55 total)

confirmation-statement-with-updates
confirmation-statement · CS01
2026-01-19
accounts-with-accounts-type-small
accounts · AA
2026-01-16
change-account-reference-date-company-current-extended
accounts · AA01
2025-05-21
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-03-25
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-02-17
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2025-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-02-17
appoint-person-director-company-with-name-date
officers · AP01
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
termination-director-company-with-name-termination-date
officers · TM01
2025-02-17
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2025-02-17