I & L TURRIFF LTD
🌳Matureactive
SC509600 · ltd · incorporated 2015-06-29
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 10.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jun 2024
Net worth
£-311.1k
book net assets
Opportunity
80/100
Exceptional
What this business does
Primary activity: Licenced restaurants
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed active trading company — structural issues outweigh the discount.
Opportunity 80/100 (exceptional), bankability 85/100. Strong seller-intent signal (65/100, director aged 58). Share purchase looks the cleaner deal structure. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 10.1y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 10.1 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — 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, 1 SIC codes, incorporation date
100
Financials
1 year of iXBRL accounts extracted (no YoY comparison) + narrative notes parsed
50
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
2 officers (2 active, 2 linked, 2 with DOB)
90
Ownership & PSC
2 active PSC(s) of 2 total, 2 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
36 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 declaredNegative net assets
Liabilities exceed assets by £311,144
Key financials
1 year extracted from filed iXBRL accountsCash
£11k
Net Worth
-£311k
Current Assets
£86k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-06-30 |
|---|---|
| Total assets | £-233.3k |
| Current assets | £85.6k |
| Cash | £11.0k |
| Net assets | £-311.1k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
🔒Filing-note intelligence
2 signals 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
- • 2 accounts
Counts from Companies House filing history.
Corporate timeline (25 events)Click to expand
- 2025-12-01📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-11-19📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2025-05-03📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-05-03🔓Charge satisfied #2
- 2025-04-17📄mortgage-satisfy-charge-fullmortgage · MR04
- 2025-04-17🔓Charge satisfied #1
- 2024-06-28📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2023-07-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-07-06📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2023-01-30📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2022-03-01📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2021-06-15📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-09-11📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2020-06-26📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2020-04-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-04-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-04-09📄change-to-a-person-with-significant-controlpersons-with-significant-control · PSC04
- 2020-04-09📄change-person-director-company-with-change-dateofficers · CH01
- 2019-06-01📄gazette-filings-brought-up-to-dategazette · DISS40
- 2019-05-29📄accounts-with-accounts-type-total-exemption-fullaccounts · AA
- 2016-11-24🔒Charge registered #2Lender: Clydesdale Bank
- 2016-03-29🔒Charge registered #1Lender: Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111)
- 2015-06-29🏢Company incorporatedAs I & L TURRIFF LTD
- 2015-06-29➕CUMMING, Ivor John appointeddirector
- 2015-06-29➕CUMMING, Linda Margaret appointeddirector
Owner dependency
79/100
High — earn-out structure requiredMaterial 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 58 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
- +No director turnover: Company is 11 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
51/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
cleanNo red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
Shareholders & ownership
2 active beneficial owners| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Mr Ivor John Cumming Individual · British · DOB 10/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 06/04/2016 |
Mrs Linda Margaret Cumming Individual · British · DOB 02/1968 · age 58 | 25–50% | 25–50% | 25-50% shares · 25-50% voting | 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 · Hospitality · AB postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| KILTED CHEF LTD→ SC259797 · est 2003 · no financials extracted | — | — | — | — | 22y | — | — |
| KOBANI CHICKEN AND DONNER KEBAB LTD→ SC755577 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| LAO YOU JI LTD→ SC877444 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LESLIE CASTLE LTD→ SC584440 · est 2017 · no financials extracted | — | — | — | — | 8y | — | — |
| LEYS HOTEL LIMITED→ SC861461 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| LITTLE CHELSEA HOLDINGS (ABERDEEN) LIMITED→ SC559996 · est 2017 · no financials extracted | — | — | — | — | 9y | — | — |
| LITTLE KITCHEN OUTSIDE CATERING LTD→ SC543654 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LODGE WOOD LTD.→ SC537759 · est 2016 · no financials extracted | — | — | — | — | 9y | — | — |
| LOGIE COUNTRY HOUSE LTD→ SC756934 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| LOLLY'S ICE CREAM & DESSERTS LTD→ SC812289 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| LOLLY'S WEDDINGS & EVENTS LTD→ SC883028 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| LOTUS BLOSSOM CATERING LIMITED→ SC586654 · est 2018 · no financials extracted | — | — | — | — | 8y | — | — |
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
Incorporated2015-06-29
Jurisdictionscotland
Primary SIC56101 — Licenced restaurants
Registered office
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF
Scotland
Filing status
Accounts
Next due: 2026-07-31
Last made up to: 2024-06-30
Confirmation statement
Next due: 2026-07-13
Last: 2025-06-29
Officers (2 active · 0 resigned)
CUMMING, Ivor John→
Activedirector · ~58y · appointed 2015-06-29
View their other companies + combined net worth →
CUMMING, Linda Margaret→
Activedirector · ~58y · appointed 2015-06-29
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Virgin Money Clydesdale Bank | A registered charge | 1 property | 24/11/2016 | 03/05/2025 | |
| satisfied | Virgin Money Clydesdale Bank PLC (Trading as Both Clydesdale and Yorkshire Bank) (Company Number SC001111) | A registered charge | — | 29/03/2016 | 17/04/2025 |
Recent filings (36 total)
change-account-reference-date-company-previous-extended
accounts · AA01
2025-12-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2025-11-19
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-07-05
mortgage-satisfy-charge-full
mortgage · MR04
2025-05-03
mortgage-satisfy-charge-full
mortgage · MR04
2025-04-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-07-15
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-06-28
confirmation-statement-with-updates
confirmation-statement · CS01
2023-07-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-06
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2023-07-06
accounts-with-accounts-type-total-exemption-full
accounts · AA
2023-01-30
confirmation-statement-with-updates
confirmation-statement · CS01
2022-06-29
accounts-with-accounts-type-total-exemption-full
accounts · AA
2022-03-01
confirmation-statement-with-updates
confirmation-statement · CS01
2021-07-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-06-15