GIRVANS RESTAURANT LIMITED

💤Zombieactive
SC499428 · ltd · incorporated 2015-03-03
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
Upgrade to see
Turnover
year to Sept 2024
Net worth
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pursue
Active trading company with a 66-year-old founder — textbook succession opportunity.

Opportunity 76/100 (strong), bankability 85/100. Strong seller-intent signal (78/100, director aged 66). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Broaden director team. Sole director creates succession risk and reduces buyer comfort. Appoint a second director or strong #2. Most likely exit: share sale to pe / searcher (73/100).

🏦

Refinance opportunity

4 live charges · oldest 10.6y

45/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 10.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Distress signals active — lender appetite narrows.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
1 officers (1 active, 1 linked, 1 with DOB)
90
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
41 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
70
Active, clean filings, stable charge profile.
Acquirability
70
Strong succession / seller-readiness signals.
Risk profile
74
Few red flags.
Signal strength
100
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£0Sept 2023Sept 2024

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown
Metric2024-09-302023-09-30
Average employees3200

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
1
filing
  • 1 confirmation-statement
Last 180 days
1
filing
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (27 events)Click to expand
  1. 2025-07-17
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  2. 2025-04-07
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  3. 2024-08-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  4. 2024-08-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  5. 2024-08-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  6. 2024-08-15
    🔓
    Charge satisfied #4
  7. 2024-08-15
    🔓
    Charge satisfied #3
  8. 2024-08-15
    🔓
    Charge satisfied #2
  9. 2024-07-01
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  10. 2024-07-01
    🔓
    Charge satisfied #1
  11. 2024-06-26
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2024-05-08
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  13. 2023-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  14. 2023-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  15. 2023-11-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  16. 2023-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  17. 2022-06-29
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  18. 2021-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  19. 2021-05-27
    📄
    change-person-director-company-with-change-date
    officers · CH01
  20. 2020-06-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  21. 2019-06-24
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  22. 2015-10-19
    🔒
    Charge registered #4
    Lender: Bank of Scotland PLC
  23. 2015-10-16
    🔒
    Charge registered #3
    Lender: Bank of Scotland PLC
  24. 2015-10-16
    🔒
    Charge registered #2
    Lender: Bank of Scotland PLC
  25. 2015-09-17
    🔒
    Charge registered #1
    Lender: Bank of Scotland PLC
  26. 2015-03-03
    🏢
    Company incorporated
    As GIRVANS RESTAURANT LIMITED
  27. 2015-03-03
    GIRVAN, Fiona appointed
    director

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Founder name in company name: Company name contains director surname "GIRVAN" — strong identity link between founder and business.
  • +Founder age: Director aged approximately 66 — succession pressure is live.
  • +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

70/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

1 med · 1 low
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.

Multiple registered office changes
low

Multiple address changes in a short period can indicate operational instability or admin disorder.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mrs Fiona Girvan
Individual · Scottish · DOB 03/1960 · age 66
75100%
75-100% shares06/04/2016

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

8 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
Incorporated2015-03-03
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants

Registered office

C/O Cmm Accountancy The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Scotland

Filing status

Accounts
Next due: 2026-06-30
Last made up to: 2024-09-30
Confirmation statement
Next due: 2027-03-17
Last: 2026-03-03

Officers (1 active · 0 resigned)

GIRVAN, Fiona
director · ~66y · appointed 2015-03-03
View their other companies + combined net worth →
Active

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property19/10/201515/08/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property16/10/201515/08/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge1 property16/10/201515/08/2024
satisfied
Lloyds Banking Group
Bank of Scotland PLC
A registered charge17/09/201501/07/2024

Recent filings (41 total)

confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2025-07-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-04-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-03-17
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-08-15
mortgage-satisfy-charge-full
mortgage · MR04
2024-07-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-26
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2024-05-08
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-03-25
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-27
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-11-27
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-06-30