W&C REALISATIONS LIMITED
⚰️Wound downdissolved
SC002027 · ltd · incorporated 1890-07-01
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
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
—
not disclosed
Net worth
—
book net assets
Opportunity
52/100
Worth a look
What this business does
Primary activity: SIC 2123
Sector: Manufacturing
ALSO REGISTERED FOR
- 2222SIC 2222
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 52/100 (worth a look), bankability 37/100. High owner-dependency — earn-out structure likely required for clean transition. Asset purchase likely safer than share purchase given structural signals. Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (45/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
6 live charges · 4 lenders · oldest 34.8y
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 34.8 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (49/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 2 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
6 charges (6/6 with lender, 6/6 with type)
90
Directors & officers
27 officers (5 active, 27 linked, 20 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
1 connected companies via shared directors
48
Filing history
156 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
52/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
10
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
41
Multiple red flags — proceed with caution.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (76 events)Click to expand
- 2010-03-12📄gazette-dissolved-compulsorygazette · GAZ2
- 2010-03-12🏁Company dissolved
- 2009-11-20📄gazette-notice-compulsorygazette · GAZ1
- 2008-11-10📄legacyofficers · 288b
- 2008-10-30➖HODGSON, Robert James resigneddirector
- 2008-07-28📄court-ordermiscellaneous · OC-DV
- 2007-08-10⚠️legacyinsolvency · LIQ
- 2007-05-10⚠️liquidation-compulsory-return-of-final-meeting-scotlandinsolvency · 4.17(Scot)
- 2006-12-22⚠️liquidation-receiver-ceasing-to-act-scotlandinsolvency · 3(Scot)
- 2006-02-13📍legacyaddress · 287
- 2005-08-23⚠️liquidation-compulsory-notice-winding-up-scotlandinsolvency · CO4.2(Scot)
- 2005-08-23⚠️liquidation-compulsory-winding-up-order-scotlandinsolvency · 4.2(Scot)
- 2005-06-09⚠️liquidation-receiver-receivers-report-scotlandinsolvency · 3.5(Scot)
- 2005-06-02✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2005-06-01⚠️liquidation-receiver-appointment-of-receiver-scotlandinsolvency · 1(Scot)
- 2005-04-12📍legacyaddress · 287
- 2004-10-26📄legacyannual-return · 363s
- 2004-10-26📄legacyannual-return · 363(353)
- 2004-10-21📄accounts-with-accounts-type-fullaccounts · AA
- 2004-07-12📄legacyofficers · 288a
- 2004-07-12📄legacyofficers · 288a
- 2004-07-07📄legacyofficers · 288a
- 2004-07-07📄legacyofficers · 288b
- 2004-07-01➕GARDNER, Michael appointedsecretary
- 2004-07-01➖MURUGESU, Kanapathippillai resignedsecretary
- 2004-06-21➕LYALL, Gillian Lorraine appointeddirector
- 2004-06-21➕ROWLAND, Kenneth appointeddirector
- 2004-03-23📍legacyaddress · 353a
- 2004-03-23📍legacyaddress · 325a
- 2004-03-01📍legacyaddress · 287
- 2003-12-21📄legacyofficers · 288a
- 2003-11-30➖FISHWICK, Andrew Robert resignedsecretary
- 2003-11-30➖FISHWICK, Andrew Robert resigneddirector
- 2003-11-03➕MURUGESU, Kanapathippillai appointedsecretary
- 2002-12-03➕YORKSTON, Alan appointeddirector
- 2002-08-30➕SAMSON, James Gordon appointeddirector
- 2002-05-20➕FISHWICK, Andrew Robert appointedsecretary
- 2002-05-20➖WALTERS, Nicholas John resignedsecretary
- 2002-05-20➕FISHWICK, Andrew Robert appointeddirector
- 2002-05-20➕HODGSON, Robert James appointeddirector
- 2002-05-20➖MACRITCHIE, Iain Donald resigneddirector
- 2002-05-20➖PITTMAN, Philip John resigneddirector
- 2002-05-20➖PURVES, Brian William resigneddirector
- 2002-05-20➖WALTERS, Nicholas John resigneddirector
- 2000-10-19➖GOVAN CLARKSON, Fraser resignedsecretary
- 2000-10-19➕WALTERS, Nicholas John appointedsecretary
- 2000-10-19➖GOVAN CLARKSON, Fraser resigneddirector
- 2000-10-01➕PITTMAN, Philip John appointeddirector
- 2000-09-28➖MCKIE, James resigneddirector
- 2000-08-04🔒Charge registered #8Lender: Royscot Trust PLC
Showing most recent 50 of 76 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 24 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 77 — succession pressure is live.
Succession & seller-readiness
90/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 77 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 24 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 136 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2010-03-12
7 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2007-08-10: legacy; 2007-05-10: liquidation-compulsory-return-of-final-meeting-scotland
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒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 · Manufacturing · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| LINN PRODUCTS LIMITED→ SC052366 · est 1973 | £7.07M £5.50M–£8.65M | — | — | 170 | 53y | 85 | 80y |
| CALEDONIAN PLYWOOD COMPANY LTD.→ SC195444 · est 1999 | £6.46M £5.02M–£7.89M | — | — | 8100 | 27y | 85 | 72y |
| PITREAVIE PACKAGING LIMITED→ SC290452 · est 2005 | £4.66M £3.63M–£5.70M | £24.98M | — | 15700 | 20y | 84 | 70y |
| PCT GROUP SALES LIMITED→ SC075642 · est 1981 | £3.56M £2.77M–£4.35M | — | — | 77 | 45y | 85 | 83y |
| PROMAT BD LIMITED→ SC208370 · est 2000 | £3.41M £2.65M–£4.17M | — | — | 8500 | 26y | 87 | 70y |
| KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987 | £3.30M £2.57M–£4.03M | — | — | 57 | 39y | 84 | 65y |
| SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986 | £2.93M £2.28M–£3.59M | — | — | 27 | 40y | 85 | 65y |
| THOMAS TUNNOCK LIMITED→ SC028747 · est 1952 | £2.26M £1.76M–£2.76M | — | — | 653 | 74y | 85 | 93y |
| SOAPWORKS LIMITED→ SC388292 · est 2010 | £817.8k £636.1k–£999.6k | £11.53M | — | 10300 | 15y | 84 | 62y |
| WALKI LIMITED→ SC014320 · est 1926 | £439.3k £341.7k–£536.9k | — | — | 35 | 99y | 94 | 61y |
| LINIAN SUPPLY CO. LIMITED→ SC246119 · est 2003 | — | — | — | 1400 | 23y | 88 | 66y |
| BLUETON LIMITED→ SC282644 · est 2005 | — | — | — | 12 | 21y | 83 | 59y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
11 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
Incorporated1890-07-01
Jurisdictionscotland
Primary SIC2123 — SIC 2123
Registered office
Kroll Limited
Alhambra House
45 Waterloo Street
Glasgow
G2 6HS
Filing status
Accounts
Next due: —
Last made up to: 2003-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 22 resigned)
Active
LYALL, Gillian Lorraine→
Activedirector · ~66y · appointed 2004-06-21
View their other companies + combined net worth →
ROWLAND, Kenneth→
Activedirector · ~72y · appointed 2004-06-21
View their other companies + combined net worth →
SAMSON, James Gordon→
Activedirector · ~61y · appointed 2002-08-30
View their other companies + combined net worth →
YORKSTON, Alan→
Activedirector · ~77y · appointed 2002-12-03
View their other companies + combined net worth →
DOUGLAS, Ian Joseph→
Resignedsecretary · resigned 1997-12-19
FISHWICK, Andrew Robert→
Resignedsecretary · appointed 2002-05-20 · resigned 2003-11-30
GOVAN CLARKSON, Fraser→
Resignedsecretary · appointed 1998-09-02 · resigned 2000-10-19
MURUGESU, Kanapathippillai→
Resignedsecretary · appointed 2003-11-03 · resigned 2004-07-01
WALTERS, Nicholas John→
Resignedsecretary · appointed 2000-10-19 · resigned 2002-05-20
DOUGLAS, Ian Joseph→
Resigneddirector · ~77y · resigned 1997-12-19
FISHWICK, Andrew Robert→
Resigneddirector · ~79y · appointed 2002-05-20 · resigned 2003-11-30
GIBSON, Peter Duncan→
Resigneddirector · ~76y · resigned 1993-02-12
GOVAN CLARKSON, Fraser→
Resigneddirector · ~68y · appointed 1998-09-02 · resigned 2000-10-19
HASART, Henry Henderson→
Resigneddirector · resigned 1990-10-31
HAY, David→
Resigneddirector · ~86y · resigned 1997-07-14
HODGSON, Robert James→
Resigneddirector · ~82y · appointed 2002-05-20 · resigned 2008-10-30
LESSELS, Norman→
Resigneddirector · ~88y · resigned 1997-01-20
LESSELS, Norman→
Resigneddirector · ~88y · resigned 1990-08-30
MACRITCHIE, Iain Donald→
Resigneddirector · ~62y · appointed 2000-07-01 · resigned 2002-05-20
Click a director name to see their full track record across all companies.
Mortgages & charges
6
Total charges
3
Outstanding
2
Active lenders
Status:Lender:6 of 6 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Royscot Trust Royscot Trust PLC | Floating charge | 1 property | 04/08/2000 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Standard security | 1 property | 26/02/1997 | — | |
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland as Agent and Trustee for Itself and Others | Bond & floating charge | 1 property | 18/02/1997 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 29/01/1993 | 31/01/1997 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 29/01/1993 | 31/01/1997 | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 04/10/1991 | 31/01/1997 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (156 total)
gazette-dissolved-compulsory
gazette · GAZ2
2010-03-12
gazette-notice-compulsory
gazette · GAZ1
2009-11-20
legacy
officers · 288b
2008-11-10
court-order
miscellaneous · OC-DV
2008-07-28
legacy
insolvency · LIQ
2007-08-10
liquidation-compulsory-return-of-final-meeting-scotland
insolvency · 4.17(Scot)
2007-05-10
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2006-12-22
legacy
address · 287
2006-02-13
liquidation-compulsory-notice-winding-up-scotland
insolvency · CO4.2(Scot)
2005-08-23
liquidation-compulsory-winding-up-order-scotland
insolvency · 4.2(Scot)
2005-08-23
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2005-06-09
certificate-change-of-name-company
change-of-name · CERTNM
2005-06-02
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2005-06-01
legacy
address · 287
2005-04-12
legacy
annual-return · 363s
2004-10-26