Company Overview
Quiet Scotsman Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 11 February 2011, so this is a well established company. Quiet Scotsman Ltd has been in business for 15 years and 1 month. The accounts status is total exemption full and the accounts are next due on Friday 31 May 2024.
Registered Address

146 Cowgate, Edinburgh, EH1 1RP
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Companies House Data
Company NameQUIET SCOTSMAN LTD
Company NumberSC393352
Registered Office Address146 Cowgate
 EH1 1RP
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date11/02/2011
Accounting Reference Date Day31
Accounting Reference Date Month8
Accounts Next Due Date31/05/2024
Accounts Last Made Up Date31/08/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date11/03/2017
Returns Last Made Up Date11/02/2016
Previous Company NameChanged Date
LRP (SCOTSMAN PUB) EDINBURGH LTD13 Aug 2021
HEALTH IMPROVERS LTD29 Mar 2016
Directors & Members
Show Resigned
Kevin Penman - Director
(British, 55 years old, born November 1971)
Appointed 09 January 2024
 Active
Secretaries
Show Resigned
Other Company Directorships
Kevin Penman
KSL LEISURE LIMITED
SPEYSIDE HOTEL (GRANTOWN) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Balance Sheet
Fixed Assets 191,787 112,908 113,811
Current Assets 241,957 157,733 39,830
Creditors Due Within One Year 397,022 186,004 80,650
Working Cap -155,065 -28,271 -40,820
Total Assets Less Current Liabilities 36,722 84,637 72,991
Long-term Liabilities 36,721 37,500 50,000
Net Assets 1 47,137 22,991
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1 47,137 22,991
Common Size Financial Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Tangible Fixed Assets - - -
Fixed Assets 44.2% 41.7% 74.1%
Stocks Inventory - - -
Debtors 29.2% 17.5% 7.3%
Cash Bank In Hand 19.1% 36.0% 13.9%
Current Assets 55.8% 58.3% 25.9%
Creditors Due Within One Year 91.5% 68.7% 52.5%
Net Current Assets Liabilities -35.8% -10.4% -26.6%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 0.0% 17.4% 15.0%
Capital Employed - - -
Total Assets Less Current Liabilities 8.5% 31.3% 47.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Liquidity Ratio 0.6 0.8 0.5
Solvency Ratio 1.0 1.2 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Aug-2022 31-Aug-2021 31-Aug-2020
Assets 433,744 270,641 153,641
Debt 433,743 223,504 130,650
Net Assets/Debt 1 47,137 22,991
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around EH1 1RP
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1328 TAXIS LTD.
3 OVERTON FARM ROAD, KIRKLISTON, 3 OVERTON FARM ROAD, KIRKLISTON, EH1 1RP
Document Filings
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Notification of Kevin Mark Penman as a person with significant control on 9 January 2024
Appointment of Mr Kevin Mark Penman as a director on 9 January 2024
Termination of appointment of Daniel Martin Mcnally as a director on 9 January 2024
Cessation of Daniel Martin Mcnally as a person with significant control on 9 January 2024
Registered office address changed from 73 Cockburn Street Edinburgh Midlothian EH1 1BU Scotland to 146 Cowgate Edinburgh EH1 1RP on 9 January 2024
Termination of appointment of Finbarr Patrick Mcnally as a director on 22 May 2023
Confirmation statement made on 11 February 2023 with no updates
Registration of charge SC3933520001, created on 10 October 2022
Confirmation statement made on 11 February 2022 with no updates
Resolutions
Confirmation statement made on 11 February 2021 with no updates
Previous accounting period extended from 29 February 2020 to 31 August 2020
Confirmation statement made on 11 February 2020 with no updates
Confirmation statement made on 11 February 2019 with no updates
Confirmation statement made on 11 February 2018 with updates
Compulsory strike-off action has been discontinued
Confirmation statement made on 11 February 2017 with updates
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