BYDAND (THURSO) LIMITED

🌳Matureactive

SC538244 · ltd · incorporated 2016-06-17

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.

Why now

Window closing · medium confidence

Getting harder to buy — profile has hardened into "well run hard buy" recently.

· Lifecycle stage: established → mature
· Investment thesis: unclassified → well_run_hard_buy

Opportunity decay

approaching window · 12-months

Approaching a transaction window — refinance or sale event plausible in the next 12 months.

· Oldest live charge 10.0y old — refinance window within 12 months

What changed my view

Last 30 days

Picture improved over the last 30 days — 1 positive signal vs 0 negative.

↑Lifecycle stage: established → mature
·Investment thesis: unclassified → well_run_hard_buy

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value

—

Upgrade to see

Turnover

—

year to Jun 2025

Net worth

£30.5k

book net assets

Opportunity

80/100

Exceptional

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What this business does

Primary activity: Licenced restaurants

Sector: Accommodation & food service

Investor take

Pursue

Strong opportunity: active trading company with exceptional profile and bankable structure.

Opportunity 80/100 (exceptional), bankability 80/100. 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 10.0y

85/100

ready

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

· Oldest live charge is 10.0 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

Data confidence

Overall: high (80/100)

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

Lenders & charges

1 charges (1/1 with lender, 1/1 with type)

Directors & officers

2 officers (2 active, 2 linked, 2 with DOB)

Ownership & PSC

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

Director network

1 connected companies via shared directors

Filing history

23 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

80/100Exceptional

PassWatchWorth a lookStrongExceptional

Strong composite across quality, acquirability, and risk. High-priority target — progress to serious diligence.

Business quality

Active, clean filings, stable charge profile.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · accounting standard not declared

Positive net assets

Net assets £30,504

Key financials

2 years extracted from filed iXBRL accounts

Cash

—

Net Worth

£31k

↑ 5.7% YoY

Current Assets

£24k

↑ 18% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · accounting standard unknown

Metric	2025-06-30	2024-06-30
Total assets	£30.5k	£28.9k
Current assets	£23.5k	£19.8k
Net assets	£30.5k	£28.9k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filing

• 1 accounts

Counts from Companies House filing history.

Corporate timeline (18 events)Click to expand

2026-03-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2025-01-31
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2024-01-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-01-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-01-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-03-30
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2020-03-19
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-03-26
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-01-30
📄
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC01
2018-03-16
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2018-02-16
✏️
certificate-change-of-name-company
change-of-name · CERTNM
2018-02-16
📄
resolution
resolution · RESOLUTIONS
2016-07-05
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2016-07-01
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2016-06-17
🏢
Company incorporated
As BYDAND (THURSO) LIMITED
2016-06-17
➕
GORDON, Angela Valentine appointed
director
2016-06-17
➕
GORDON, Brian appointed
director
2016-06-17
📄
incorporation-company
incorporation · NEWINC

Owner dependency

79/100

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.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 10 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

51/100

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.
supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.

Red flags

clean

No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Mr Brian Gordon Individual · British · DOB 11/1967 · age 59	75–100%	—	75-100% shares	04/07/2016

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.

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Similar companies

Active · Hospitality · KW postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
NORTH HOTELS LTD→ SC292029 · est 2005	—	—	£1.08M	—	20y	83	84y
NORTHERN DEVELOPMENTS (ORKNEY) LIMITED→ SC285940 · est 2005	—	—	—	32	21y	83	64y
COMMERCIAL HOTEL (THURSO) LTD→ SC397127 · est 2011	—	—	£702.8k	—	15y	82	58y
JOHN O'GROATS LEISURE LTD.→ SC331657 · est 2007	—	—	£2.15M	—	18y	82	74y
MACKAY HOTEL COMPANY LTD→ SC308943 · est 2006	—	—	—	141	19y	82	62y
QUEEN'S HOTEL (WICK) LTD→ SC269490 · est 2004	—	—	£283.7k	—	21y	82	67y
R & S RENDALL PROPERTY LIMITED→ SC248002 · est 2003	—	—	£826.3k	—	23y	82	63y
FOSSIL CENTRE COMMUNITY CAFE LIMITED→ SC353461 · est 2009	—	—	—	0	17y	81	87y
NORTH RONALDSAY TRADING COMPANY LIMITED→ SC291480 · est 2005	—	—	—	0	20y	81	89y
NETHERCLIFFE HOTEL LTD→ SC281480 · est 2005	—	—	£47.4k	—	21y	80	66y
PHD/BARGA LTD→ SC412413 · est 2011	—	—	£414.0k	—	14y	80	58y
SANDS HOTEL (ORKNEY) LTD→ SC488025 · est 2014	—	—	£383.8k	—	11y	80	68y

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.

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🔒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

Incorporated2016-06-17

Jurisdictionscotland

Primary SIC56101 — Licenced restaurants

Registered office

2 Traill Street

Thurso

Caithness

KW14 8EJ

Scotland

Filing status

Accounts

Next due: 2027-03-31

Last made up to: 2025-06-30

Confirmation statement

Next due: 2026-06-30

Last: 2025-06-16

Officers (2 active · 0 resigned)

GORDON, Angela Valentine→

director · ~58y · appointed 2016-06-17

View their other companies + combined net worth →

Active

GORDON, Brian→

director · ~59y · appointed 2016-06-17

View their other companies + combined net worth →

Active

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:1 of 1 shown

			Type	Properties
	outstanding	Lloyds Banking Group The Royal Bank of Scotland PLC	A registered charge	—	01/07/2016	—

Click column headers to sort. Use filters above to narrow by status and lender.