GILLESPIE MACANDREW LLP
Opportunity 70/100 (strong), bankability 80/100. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Discharge stale live charges. 1 live charge(s) created 15+ years ago — likely paid but undischarged. Clean register. Most likely exit: share sale to pe / searcher (50/100).
Refinance opportunity
1 live charge · oldest 17.5y
Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.
- · Oldest live charge is 17.5 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Distress signals active — lender appetite narrows.
Data confidence
Overall: low (47/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Solid opportunity signal. Worth a dedicated memo and management meeting.
Recent activity
- • 3 officers
- • 3 officers
- • 1 confirmation-statement
Corporate timeline (112 events)Click to expand
- 2026-03-04📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-03-04📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2026-03-04📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2026-03-01➕KEEGAN, Caitlin Mary appointedllp-member
- 2026-03-01➕VANDAL, Fraser William appointedllp-member
- 2026-02-28➖SMITH, Henry Cannon resignedllp-member
- 2025-11-03📄confirmation-statement-with-updatesconfirmation-statement · LLCS01
- 2025-08-22📄accounts-with-accounts-type-fullaccounts · AA
- 2025-06-03📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2025-05-31➖TAYLOR, Andrew Ross resignedllp-member
- 2025-04-10📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-04-10📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-03-03📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2025-03-01➕PEARSON, Heather Brodie appointedllp-member
- 2025-01-21📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2025-01-15📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-12-30📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-12-20➖LODGE, Lianne Margaret resignedllp-member
- 2024-12-20📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2024-12-04📄second-filing-of-member-appointment-with-nameofficers · RP04LLAP01
- 2024-11-01📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2024-10-18📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-10-18📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-08-15📄accounts-with-accounts-type-fullaccounts · AA
- 2024-03-14📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2024-03-13📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2024-03-01➕BALFOUR, Lorna appointedllp-member
- 2024-02-29➖BLAIR, John Michael Greene resignedllp-member
- 2024-01-29📄change-person-member-limited-liability-partnership-with-name-change-dateofficers · LLCH01
- 2024-01-19📄appoint-person-member-limited-liability-partnership-with-appointment-dateofficers · LLAP01
- 2024-01-01➕MCFADZEAN, Elizabeth Marion appointedllp-designated-member
- 2023-10-20📄confirmation-statement-with-no-updatesconfirmation-statement · LLCS01
- 2023-08-23📄accounts-with-accounts-type-fullaccounts · AA
- 2023-08-11📄termination-member-limited-liability-partnership-with-name-termination-dateofficers · LLTM01
- 2023-07-31➖SMITH, David Christopher resignedllp-designated-member
- 2023-07-03➕GILFILLAN, Alan Robert John appointedllp-member
- 2023-05-02➕MOWLEM, David Lonsdale appointedllp-member
- 2023-03-01➕LESLIE, Andrew Stuart appointedllp-member
- 2023-03-01➕MACRAE, Murray Ross appointedllp-member
- 2023-03-01➕MURRAY, Sharon appointedllp-member
- 2023-01-22➖SOUTAR, Murray Duncan resignedllp-designated-member
- 2022-07-05➕TAYLOR, Andrew Ross appointedllp-member
- 2022-05-01➕TELFER, Alexander Robert appointedllp-member
- 2022-04-19➕NEWTON, Lois Elizabeth Anne appointedllp-member
- 2022-04-15➖REID, Isobell Ann resignedllp-member
- 2021-02-26➖HUNTER, Stewart Lindsay Wilson resignedllp-member
- 2020-03-01➕ADAMS, Eilidh Gillian appointedllp-designated-member
- 2020-03-01➕WILLIAMS, Simon Jonathan Conon appointedllp-member
- 2020-03-01➕WRIGHT, Gillian Jane appointedllp-member
- 2020-03-01➖PAGET, Elspeth Mary resignedllp-designated-member
Owner dependency
Some founder dependency, but not acute. A structured handover period should cover most risk.
Succession & seller-readiness
Limited succession signal. Not a near-term off-market candidate.
Red flags
1 med ·Multiple recent departures can indicate governance disagreement, succession event, or preparation for sale/stress.
Evidence: SMITH, Henry Cannon resigned 2026-02-28; TAYLOR, Andrew Ross resigned 2025-05-31
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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 →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
Registered office
Filing status
Officers (29 active · 28 resigned)
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Mortgages & charges
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Bank of Ascotland Bank of Ascotland PLC | Floating charge | 1 property | 09/10/2008 | — |