MACRAE HIGHLAND LTD

🏛️Establishedactive

SC636692 · ltd · incorporated 2019-07-22

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.

Why now

Window steady · low confidence

Stable recent picture — watch for any upcoming trigger event.

Opportunity decay

approaching window · 12-months

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

· Oldest live charge 6.9y old — refinance window within 12 months

What changed my view

Last 30 days

No material changes in the last 30 days.

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 Jan 2025

Net worth

£39.1k

book net assets

Opportunity

73/100

Strong

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What this business does

Primary activity: Hotels and similar accommodation

Sector: Accommodation & food service

Investor take

Pursue

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

Opportunity 73/100 (strong), 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 (58/100).

🏦

Refinance opportunity

1 live charge · oldest 6.9y

85/100

ready

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

· Oldest live charge is 6.9 years old — likely at or near maturity.
· Single lender — cleanest path to refinance.
· Legal-friction score 15/100 — clean.

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

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

2 active PSC(s) of 2 total, 2 with control declared

Director network

Network not yet resolved

Filing history

15 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

73/100Strong

PassWatchWorth a lookStrongExceptional

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

Business quality

Adequate — check latest filings for context.

Acquirability

Some acquirability indicators.

Risk profile

Few red flags.

Signal strength

100

Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102

Positive net assets

Net assets £39,075

Key financials

2 years extracted from filed iXBRL accounts

Cash

£37k

Net Worth

£39k

↑ 6.2% YoY

Current Assets

£56k

↓ 2.1% YoY

Current Liabilities

—

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102

Metric	2025-01-31	2024-01-31
Total assets	£41.4k	£46.1k
Current assets	£56.2k	£57.4k
Cash	£36.5k	—
Debtors	£19.7k	—
Net assets	£39.1k	£36.8k

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

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (13 events)Click to expand

2025-10-31
📄
accounts-with-accounts-type-total-exemption-full
accounts · AA
2024-10-29
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2023-10-05
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2022-10-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-09-27
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2021-01-15
📄
accounts-with-accounts-type-micro-entity
accounts · AA
2019-11-14
📄
change-account-reference-date-company-current-shortened
accounts · AA01
2019-08-23
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-08-19
🔒
Charge registered #1
Lender: The Royal Bank of Scotland PLC
2019-07-22
🏢
Company incorporated
As MACRAE HIGHLAND LTD
2019-07-22
➕
MACRAE, Catherine Margaret appointed
director
2019-07-22
➕
MACRAE, James Alexander appointed
director
2019-07-22
📄
incorporation-company
incorporation · NEWINC

Owner dependency

86/100

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

+Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
+Founder name in company name: Company name contains director surname "MACRAE" — strong identity link between founder and business.
+Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
+No director turnover: Company is 7 years old with no director changes — suggests a very tight-knit founder team never broadened.

Succession & seller-readiness

36/100

Weak signal

Limited succession signal. Not a near-term off-market candidate.

SIGNALS

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.)

Shareholders & ownership

2 active beneficial owners

Name	Shares	Voting rights	Nature of control	Notified
Mr James Alexander Macrae Individual · British · DOB 08/1971 · age 55	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	22/07/2019
Mrs Catherine Margaret Macrae Individual · British · DOB 01/1979 · age 47	25–50%	25–50%	board control25-50% shares · 25-50% voting · board control	22/07/2019

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

Similar companies

Active · Hospitality · PH postcode area

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GLOAGBURN FARM SHOP LTD→ SC301450 · est 2006	£4.45M £3.34M–£5.56M	£6.07M	—	6300	20y	84	65y
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COMRIE CROFT LIMITED→ SC265297 · est 2004	—	—	—	3600	22y	83	64y
GLENCOE HOLIDAYS LIMITED→ SC251147 · est 2003	—	—	—	2	23y	83	59y
ACHADERRY ESTATE LIMITED→ SC287817 · est 2005	—	—	£233.7k	—	20y	82	78y
BREADALBANE BAKERY LTD.→ SC364177 · est 2009	—	—	£50.5k	—	16y	82	87y
CLACHAIG INN LIMITED→ SC241100 · est 2002	—	—	—	54	23y	82	62y
G K L LIMITED→ SC163447 · est 1996	—	—	£127.3k	—	30y	82	70y
GAEL PROPERTIES LTD.→ SC254368 · est 2003	—	—	—	200	22y	82	63y
INVERCOE HIGHLAND HOLIDAYS LIMITED→ SC176697 · est 1997	—	—	£117.9k	—	29y	82	67y
LOCHSIDE HOLIDAYS LIMITED→ SC300339 · est 2006	—	—	—	2	20y	82	69y
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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

Incorporated2019-07-22

Jurisdictionscotland

Primary SIC55100 — Hotels and similar accommodation

Registered office

29 Atholl Road

Pitlochry

PH16 5BX

Scotland

Filing status

Accounts

Next due: 2026-10-31

Last made up to: 2025-01-31

Confirmation statement

Next due: 2026-08-04

Last: 2025-07-21

Officers (2 active · 0 resigned)

MACRAE, Catherine Margaret→

director · ~47y · appointed 2019-07-22

View their other companies + combined net worth →

Active

MACRAE, James Alexander→

director · ~55y · appointed 2019-07-22

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	—	19/08/2019	—

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