THE GREY GULL HOTEL LIMITED
💤Zombieactive
SC584242 · ltd · incorporated 2017-12-20
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 Dec 2024
Net worth
£250.7k
book net assets
Opportunity
66/100
Strong
What this business does
Primary activity: Hotels and similar accommodation
Sector: Accommodation & food service
Investor take
PursueActive trading company. Reasonable fundamentals — worth a memo before deciding.
Opportunity 66/100 (strong), bankability 57/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 3 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (58/100).
🏦
Refinance opportunity
9 live charges · 3 lenders · oldest 3.0y
0/100
under pressure
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Newest facility, 3.0 years old — likely still in initial term.
- · 3 lenders named — inter-creditor friction likely.
- · Distress signals active — lender appetite narrows.
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
9 charges (9/9 with lender, 9/9 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
2 connected companies via shared directors
51
Filing history
37 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
66/100Strong
PassWatchWorth a lookStrongExceptional
Solid opportunity signal. Worth a dedicated memo and management meeting.
Business quality
55
Adequate — check latest filings for context.
Acquirability
50
Some acquirability indicators.
Risk profile
74
Few red flags.
Signal strength
100
Good data coverage for analysis.
Signals from accounts
Derived from iXBRL accounts · accounting standard not declaredPositive net assets
Net assets £250,725
Key financials
1 year extracted from filed iXBRL accountsCash
—
Net Worth
£251k
Current Assets
£10k
Current Liabilities
—
Financials
Extracted from Companies House accounts · accounting standard unknown| Metric | 2024-12-31 |
|---|---|
| Total assets | £1.28M |
| Current assets | £10.2k |
| Net assets | £250.7k |
Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.
Recent activity
Last 30 days
0
filings
Last 90 days
1
filing
- • 1 confirmation-statement
Last 180 days
2
filings
- • 1 confirmation-statement
- • 1 accounts
Counts from Companies House filing history.
Corporate timeline (32 events)Click to expand
- 2025-11-26📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2025-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-06📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-11-05🔒Charge registered #9Lender: Together Commercial Finance Limited
- 2025-11-05🔒Charge registered #8Lender: Together Commercial Finance Limited
- 2025-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-10-17🔒Charge registered #7Lender: Together Commercial Finance Limited
- 2025-10-17🔒Charge registered #6Lender: Together Commercial Finance Limited
- 2025-09-25📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2025-03-20📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2025-03-14🔒Charge registered #5Lender: Together Commercial Finance Limited
- 2025-02-28📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2024-10-04📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2024-09-26📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2024-09-13🔒Charge registered #4Lender: Garth Hotel Grantown LTD
- 2023-11-10📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-11-10🔓Charge satisfied #1
- 2023-11-02📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-11-01🔒Charge registered #3Lender: Together Commercial Finance Limited
- 2023-10-31📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-10-23🔒Charge registered #2Lender: Together Commercial Finance Limited
- 2023-09-21📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2023-05-22📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2023-05-18🔒Charge registered #1Lender: Ben Doran Management Limited
- 2023-03-01📄accounts-with-accounts-type-unaudited-abridgedaccounts · AA
- 2022-12-14📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-09-28📄change-account-reference-date-company-previous-shortenedaccounts · AA01
- 2022-09-27📄accounts-with-accounts-type-micro-entityaccounts · AA
- 2022-03-03📄gazette-filings-brought-up-to-dategazette · DISS40
- 2017-12-20🏢Company incorporatedAs THE GREY GULL HOTEL LIMITED
- 2017-12-20➕MELVILLE, Thomas appointeddirector
Owner dependency
80/100
Critical — business is the founderThe 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.
- +No director turnover: Company is 8 years old with no director changes — suggests a very tight-knit founder team never broadened.
Succession & seller-readiness
45/100
Moderate signalSome succession indicators present. Worth watching; approach if sector/strategy fits.
SIGNALS
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
Red flags
1 med · 1 low4 new charges in last 12 months
mediumHeavy recent charge activity can indicate refinancing pressure, aggressive leverage, or multiple lender rotation.
Evidence: 2025-11-05: A registered charge; 2025-11-05: A registered charge; 2025-10-17: A registered charge
8 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Thomas Melville Individual · British · DOB 05/1971 · age 55 | 75–100% | 75–100% | board control75-100% shares · 75-100% voting · board control | 20/12/2017 |
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 · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| THREE BROTHERS 2023 LIMITED→ SC855510 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| THREE BROTHERS GLA LIMITED→ SC712512 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| THRILL OF THE GRILL LIMITED→ SC751513 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| TIGER XUE LIMITED→ SC692137 · est 2021 · no financials extracted | — | — | — | — | 5y | — | — |
| TIMENYS PROPERTIES LTD→ SC763000 · est 2023 · no financials extracted | — | — | — | — | 3y | — | — |
| TMB ENTERTAINMENT LIMITED→ SC876775 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TNJ VENTURES LTD→ SC848415 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| TOBERMORY PROPERTY SERVICES LIMITED→ SC481919 · est 2014 · no financials extracted | — | — | — | — | 11y | — | — |
| TOKYO KITCHEN LIMITED→ SC877734 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| TOPHS LTD→ SC831114 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TOTAL MELTDOWN LTD→ SC826767 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| TPS SCOTLAND LIMITED→ SC355514 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated2017-12-20
Jurisdictionscotland
Primary SIC55100 — Hotels and similar accommodation
Registered office
54 Cowgate
Kirkintilloch
Glasgow
G66 1HN
Scotland
Filing status
Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2027-01-02
Last: 2025-12-19
Officers (1 active · 0 resigned)
MELVILLE, Thomas→
Activedirector · ~55y · appointed 2017-12-20
View their other companies + combined net worth →
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
8
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/11/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 05/11/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 17/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 17/10/2025 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 14/03/2025 | — | |
| outstanding | Garth Hotel Grantown Garth Hotel Grantown LTD | A registered charge | 1 property | 13/09/2024 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | 1 property | 01/11/2023 | — | |
| outstanding | Together Money Together Commercial Finance Limited | A registered charge | — | 23/10/2023 | — | |
| satisfied | Ben Doran Management Ben Doran Management Limited | A registered charge | 1 property | 18/05/2023 | 10/11/2023 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (37 total)
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-03-31
accounts-with-accounts-type-micro-entity
accounts · AA
2025-11-26
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-11-06
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-31
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-10-31
change-account-reference-date-company-previous-extended
accounts · AA01
2025-09-25
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2025-03-20
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-02-28
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-01-08
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2024-10-04
change-account-reference-date-company-previous-shortened
accounts · AA01
2024-09-26
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-12-20
mortgage-satisfy-charge-full
mortgage · MR04
2023-11-10
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2023-11-02