HGA (SCOTLAND) LTD

🌿Early-stageactive
SC788837 · ltd · incorporated 2023-11-10
Investment thesis
Growth-phase business — story-led; valuation sensitive to momentum.
Why interesting: Trading is scaling; acquirers paying for trajectory get disproportionate leverage.
Why risky: Price often leads fundamentals; dependency on founder often high.
🔒Estimated value
Upgrade to see
Turnover
year to Dec 2024
Net worth
£4.1k
book net assets
Opportunity
76/100
Strong
🔔
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What this business does
Primary activity: Activities of other holding companies n.e.c.
Sector: Financial & insurance
Investor take
Pursue
Strong opportunity: asset-holding vehicle with strong profile and acceptable with review structure.

Opportunity 76/100 (strong), bankability 70/100. 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).

Data confidence

Overall: medium (72/100)

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
Confirmed no charges registered
85
Directors & officers
3 officers (2 active, 3 linked, 3 with DOB)
90
Ownership & PSC
0 active PSC(s) of 3 total, 3 with control declared
90
Director network
1 connected companies via shared directors
48
Filing history
13 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
🔒Estimated company valuation

Sector-multiple EBITDA, turnover, and NAV-proxy valuation range with confidence tier — derived from extracted iXBRL financials.

Available from the Pro tier upwards.

See pricing →
Opportunity Score
76/100Strong
PassWatchWorth a lookStrongExceptional 

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

Business quality
60
Adequate — check latest filings for context.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
85
Few red flags.
Signal strength
90
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Positive net assets
Net assets £4,095

Key financials

1 year extracted from filed iXBRL accounts
Cash
£5k
Net Worth
£4k
Current Assets
£5k
Current Liabilities

Financials

Extracted from Companies House accounts · FRS 102
Metric2024-12-31
Total assets£4.1k
Current assets£5.5k
Cash£5.5k
Debtors£3
Net assets£4.1k

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
0
filings
Last 180 days
2
filings
  • 1 officers
  • 1 confirmation-statement
Counts from Companies House filing history.
Corporate timeline (16 events)Click to expand
  1. 2026-01-07
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  2. 2026-01-06
    GRANT, John Mackay resigned
    director
  3. 2025-08-06
    📄
    accounts-with-accounts-type-unaudited-abridged
    accounts · AA
  4. 2025-07-31
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  5. 2024-11-20
    📄
    notification-of-a-person-with-significant-control-statement
    persons-with-significant-control · PSC08
  6. 2024-11-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  7. 2024-11-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  8. 2024-11-20
    📄
    cessation-of-a-person-with-significant-control
    persons-with-significant-control · PSC07
  9. 2023-12-19
    📄
    resolution
    resolution · RESOLUTIONS
  10. 2023-12-19
    📄
    memorandum-articles
    incorporation · MA
  11. 2023-12-19
    📄
    capital-allotment-shares
    capital · SH01
  12. 2023-11-10
    🏢
    Company incorporated
    As HGA (SCOTLAND) LTD
  13. 2023-11-10
    BURDEN, Jamie appointed
    director
  14. 2023-11-10
    WILL, Ian Andrew appointed
    director
  15. 2023-11-10
    GRANT, John Mackay appointed
    director
  16. 2023-11-10
    📄
    incorporation-company
    incorporation · NEWINC

Owner dependency

71/100
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.
  • +Young company: Only 2.5 years old — management layer unlikely to be developed.

Succession & seller-readiness

46/100
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.

Red flags

clean
No red flags detected from available public data. (This is not a clean bill of health — detailed accounts review still recommended.)
🔒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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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 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
Incorporated2023-11-10
Jurisdictionscotland
Primary SIC64209 — Activities of other holding companies n.e.c.

Registered office

Darach House
Stoneyfield Business Park
Inverness
Inverness-Shire
IV2 7PA
Scotland

Filing status

Accounts
Next due: 2026-09-30
Last made up to: 2024-12-31
Confirmation statement
Next due: 2026-11-23
Last: 2025-11-09

Officers (2 active · 1 resigned)

BURDEN, Jamie
director · ~43y · appointed 2023-11-10
View their other companies + combined net worth →
Active
WILL, Ian Andrew
director · ~59y · appointed 2023-11-10
View their other companies + combined net worth →
Active
GRANT, John Mackay
director · ~66y · appointed 2023-11-10 · resigned 2026-01-06
Resigned

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

Recent filings (13 total)

termination-director-company-with-name-termination-date
officers · TM01
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2025-11-17
accounts-with-accounts-type-unaudited-abridged
accounts · AA
2025-08-06
change-account-reference-date-company-previous-extended
accounts · AA01
2025-07-31
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-20
notification-of-a-person-with-significant-control-statement
persons-with-significant-control · PSC08
2024-11-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-20
cessation-of-a-person-with-significant-control
persons-with-significant-control · PSC07
2024-11-20
resolution
resolution · RESOLUTIONS
2023-12-19
memorandum-articles
incorporation · MA
2023-12-19
capital-allotment-shares
capital · SH01
2023-12-19
incorporation-company
incorporation · NEWINC
2023-11-10