STC 2020 REALISATIONS LIMITED

⚰️Wound downdissolved

09423498 · ltd · incorporated 2015-02-05

Investment thesis

Company dissolved — not a live target.

Why interesting: Historical record only; useful for precedent research.

Why risky: Not transactable.

🔒Estimated value

—

Upgrade to see

Turnover

—

not disclosed

Net worth

—

book net assets

Opportunity

44/100

Watch

🔒Generate AI memo →🔒Outreach pack →🔒Corporate story →📑 Reports →Sign in to watch

What this business does

Primary activity: Glazing

Sector: Construction

ALSO REGISTERED FOR

47520Retail sale of hardware, paints and glass in specialised stores

Investor take

Pass (distressed without resilience)

Distressed unclear — structural issues outweigh the discount.

Opportunity 44/100 (watch), bankability 32/100. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

10 live charges · 6 lenders · oldest 10.8y

25/100

too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

· Oldest live charge is 10.8 years old — likely at or near maturity.
· 6 lenders named — inter-creditor friction likely.
· Legal-friction score 65/100 (specialist).

Data confidence

Overall: medium (62/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile

address, 2 SIC codes, incorporation date

100

Financials

No iXBRL financials extracted

Lenders & charges

10 charges (10/10 with lender, 10/10 with type)

Directors & officers

18 officers (4 active, 18 linked, 17 with DOB)

Ownership & PSC

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

Director network

29 connected companies via shared directors

Filing history

84 filings on record

Gazette notices

No matching gazette notices (standard for active companies)

Opportunity Score

44/100Watch

PassWatchWorth a lookStrongExceptional

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality

Concerning — overdue filings or status flags present.

Acquirability

Strong succession / seller-readiness signals.

Risk profile

Multiple red flags — proceed with caution.

Signal strength

100

Good data coverage for analysis.

Recent activity

Last 30 days

filings

Last 90 days

filings

Last 180 days

filings

Counts from Companies House filing history.

Corporate timeline (70 events)Click to expand

2023-06-16
⚠️
gazette-dissolved-liquidation
gazette · GAZ2
2023-06-16
🏁
Company dissolved
2023-03-16
⚠️
liquidation-in-administration-move-to-dissolution
insolvency · AM23
2023-03-07
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-07-26
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2022-06-23
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2022-02-02
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-07-29
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2021-05-20
⚠️
liquidation-in-administration-extension-of-period
insolvency · AM19
2021-01-29
⚠️
liquidation-in-administration-progress-report
insolvency · AM10
2020-09-12
📄
resolution
resolution · RESOLUTIONS
2020-09-12
✏️
change-of-name-notice
change-of-name · CONNOT
2020-08-19
⚠️
liquidation-in-administration-statement-of-affairs-with-form-attached
insolvency · AM02
2020-08-07
⚠️
liquidation-administration-notice-deemed-approval-of-proposals
insolvency · AM06
2020-07-17
⚠️
liquidation-in-administration-proposals
insolvency · AM03
2020-07-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-13
📍
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2020-07-10
⚠️
liquidation-in-administration-appointment-of-administrator
insolvency · AM01
2020-05-15
📄
mortgage-satisfy-charge-full
mortgage · MR04
2020-05-15
🔓
Charge satisfied #3
2019-10-06
📄
accounts-with-accounts-type-full
accounts · AA
2019-05-09
📄
termination-director-company-with-name-termination-date
officers · TM01
2019-05-02
➖
TRUEMAN, Joseph resigned
director
2019-03-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-03-14
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-03-08
📄
mortgage-create-with-deed-with-charge-number-charge-creation-date
mortgage · MR01
2019-02-28
🔒
Charge registered #10
Lender: Cairngorm Capital Partners I, L.P.
2019-02-28
🔒
Charge registered #9
Lender: Cairngorm Capital Partners I, L.P.
2019-02-28
🔒
Charge registered #8
Lender: Midcap Financial (Ireland) Limited
2018-12-24
🔒
Charge registered #7
Lender: Cairngorm Capital Partners I, L.P.
2018-04-24
➕
STEEL, Andrew David appointed
director
2018-04-24
➖
BAYLISS, Alexander Francis Temple resigned
director
2018-04-24
➖
GEE, Warren George resigned
director
2018-04-24
🔒
Charge registered #6
Lender: Midcap Financial (Ireland) Limited
2018-04-24
🔒
Charge registered #5
Lender: Cairngorm Capital Partners I, L.P.
2018-04-24
🔒
Charge registered #4
Lender: Joseph Trueman
2018-04-13
➕
NAYLOR-LEYLAND, John Michael appointed
director
2018-03-13
➖
DECLERCK, Jean-Christophe Ronald Louis resigned
director
2017-11-21
➕
GOLD, William James appointed
director
2017-11-21
➕
GEE, Warren George appointed
director
2017-09-14
➖
MURRAY, Duncan Mclelland resigned
director
2017-07-25
➕
TRUEMAN, Joseph appointed
director
2017-06-26
➖
MCGARVIE, Murray resigned
secretary
2017-06-26
➖
MCGARVIE, Murray resigned
director
2017-06-26
➖
SUMMERS, Nicholas resigned
director
2017-05-23
➕
MCGILL, Neil Andrew appointed
director
2017-05-23
➖
STEEL, Andrew David resigned
director
2017-03-08
➖
HEPBURN, Ronald Edward resigned
director
2017-02-28
🔓
Charge satisfied #2
2017-02-17
➕
DECLERCK, Jean-Christophe Ronald Louis appointed
director

Showing most recent 50 of 70 events

Owner dependency

48/100

Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS

-4 active directors: Broader management team in place — suggests transferable governance.
+Senior director age: Director aged approximately 58 — approaching natural succession window.

Succession & seller-readiness

40/100

Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS

secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.

Red flags

2 high · 1 med · 1 low

Company dissolved

high

Company has been dissolved — it no longer legally exists. Any diligence here is historical only.

Evidence: Dissolved on 2023-06-16

13 insolvency-related filings on record

high

Filings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.

Evidence: 2023-06-16: gazette-dissolved-liquidation; 2023-03-16: liquidation-in-administration-move-to-dissolution

Charge satisfaction-then-recreation pattern

medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

7 live charges

low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

Group structure

Customade Group Trading Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️

Customade Group Trading Limited

Corporate parent · holds 75-100% shares · board control

ultimate parent

⬇

STC 2020 REALISATIONS LIMITED

This company · 09423498

Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%

Name	Shares	Voting rights	Nature of control	Notified
Customade Group Trading Limited Corporate entity	75–100%	75–100%	board control75-100% shares · 75-100% voting · board control	24/04/2018

1 historic (ceased) PSC

Stevenswood Midco Ltdceased 24/04/2018· 75-100% shares

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 · Construction · BN postcode area

Company	Est. value	Turnover	Net worth	Staff	Age	Opp	Director
64 CHURCH ROAD LIMITED→ 06661486 · est 2008 · no financials extracted	—	—	—	—	17y	—	—
A.A.C. (SOUTHERN) LTD→ 04127082 · est 2000 · no financials extracted	—	—	—	—	25y	—	—
AAAB PROPERTY DEVELOPMENTS LTD→ 15050981 · est 2023 · no financials extracted	—	—	—	—	2y	—	—
AB ELECTRICIAN LTD→ 09848423 · est 2015 · no financials extracted	—	—	—	—	10y	—	—
ABC DEVELOPMENTS CARPENTRY & CONSTRUCTION LTD→ 13599033 · est 2021 · no financials extracted	—	—	—	—	4y	—	—
ABINGWORTH STRATEGIC LIMITED→ 08708486 · est 2013 · no financials extracted	—	—	—	—	12y	—	—
ABL FLOORING LTD→ 13833980 · est 2022 · no financials extracted	—	—	—	—	4y	—	—
ABLE BUILDERS (SUSSEX) LIMITED→ 05475745 · est 2005 · no financials extracted	—	—	—	—	20y	—	—
ABOVE AND BELOW PLUMBING AND HEATING LTD→ 16644868 · est 2025 · no financials extracted	—	—	—	—	—	—	—
ABOVE BOARD FIXINGS LIMITED→ 05318368 · est 2004 · no financials extracted	—	—	—	—	21y	—	—
ABQ WORKSHOP LIMITED→ 09301943 · est 2014 · no financials extracted	—	—	—	—	11y	—	—
ABS PROPERTY MAINTENANCE LIMITED→ 07491001 · est 2011 · no financials extracted	—	—	—	—	15y	—	—

Peers ranked by estimated value, then turnover, then opportunity score.See all →

🔒Tailored diligence questions

10 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

Statusdissolved

Typeltd

Incorporated2015-02-05

Jurisdictionengland-wales

Primary SIC43342 — Glazing

Registered office

Suite 3 Regency House

91 Western Road

Brighton

BN1 2NW

Filing status

Accounts

Next due: —

Last made up to: 2018-12-31

Confirmation statement

Next due: —

Last: —

Officers (0 active · 14 resigned)

GOLD, William James→

director · ~51y · appointed 2017-11-21

View their other companies + combined net worth →

Active

MCGILL, Neil Andrew→

director · ~49y · appointed 2017-05-23

View their other companies + combined net worth →

Active

NAYLOR-LEYLAND, John Michael→

director · ~42y · appointed 2018-04-13

View their other companies + combined net worth →

Active

STEEL, Andrew David→

director · ~58y · appointed 2018-04-24

View their other companies + combined net worth →

Active

MCGARVIE, Murray→

secretary · appointed 2016-11-28 · resigned 2017-06-26

Resigned

BAYLISS, Alexander Francis Temple→

director · ~45y · appointed 2016-09-09 · resigned 2018-04-24

Resigned

BUCKLEY, Martyn Brian→

director · ~55y · appointed 2015-02-05 · resigned 2016-07-07

Resigned

DECLERCK, Jean-Christophe Ronald Louis→

director · ~64y · appointed 2017-02-17 · resigned 2018-03-13

Resigned

EARLEY, Patricia Pina→

director · ~56y · appointed 2015-02-05 · resigned 2016-07-07

Resigned

GEE, Warren George→

director · ~54y · appointed 2017-11-21 · resigned 2018-04-24

Resigned

HEPBURN, Ronald Edward→

director · ~66y · appointed 2016-11-28 · resigned 2017-03-08

Resigned

MACDOUGAL, Robert Ian→

director · ~66y · appointed 2016-07-07 · resigned 2016-11-01

Resigned

MCGARVIE, Murray→

director · ~62y · appointed 2016-11-28 · resigned 2017-06-26

Resigned

MURRAY, Duncan Mclelland→

director · ~57y · appointed 2016-11-28 · resigned 2017-09-14

Resigned

STEEL, Andrew David→

director · ~58y · appointed 2016-09-09 · resigned 2017-05-23

Resigned

STOTT, Jeremy→

director · ~53y · appointed 2016-07-07 · resigned 2016-10-11

Resigned

SUMMERS, Nicholas→

director · ~57y · appointed 2016-11-28 · resigned 2017-06-26

Resigned

TRUEMAN, Joseph→

director · ~41y · appointed 2017-07-25 · resigned 2019-05-02

Resigned

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

Mortgages & charges

Total charges

Outstanding

Active lenders

Status:Lender:10 of 10 shown

		Type	Properties
outstanding	Cairngorm Capital Partners I, L.P.	A registered charge	—	28/02/2019	—
outstanding	Cairngorm Capital Partners I, L.P.	A registered charge	—	28/02/2019	—
outstanding	Midcap Financial (Ireland) Midcap Financial (Ireland) Limited	A registered charge	1 property	28/02/2019	—
outstanding	Cairngorm Capital Partners I, L.P.	A registered charge	—	24/12/2018	—
outstanding	Midcap Financial (Ireland) Midcap Financial (Ireland) Limited	A registered charge	—	24/04/2018	—
outstanding	Cairngorm Capital Partners I, L.P.	A registered charge	1 property	24/04/2018	—
outstanding	Joseph Trueman	A registered charge	1 property	24/04/2018	—
satisfied	Clydedale Bank Clydedale Bank PLC	A registered charge	1 property	06/02/2017	15/05/2020
satisfied	Cairngorm Capital Partners I,L.P.	A registered charge	—	07/07/2016	28/02/2017
satisfied	HSBC Hsbc Invoice Finance (UK) LTD	A registered charge	—	24/08/2015	11/07/2016

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

Recent filings (84 total)

gazette-dissolved-liquidation

gazette · GAZ2

2023-06-16

liquidation-in-administration-move-to-dissolution

insolvency · AM23

2023-03-16