FDL REALISATIONS LIMITED
🌳Matureactive
SC021368 · ltd · incorporated 1940-04-08
Investment thesis
Looks cheap but ownership + security both unclear — probable value trap.
Why interesting: Headline metrics may be attractive.
Why risky: No PSC visibility combined with multiple live charges; transacting likely slow and expensive.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
44/100
Watch
What this business does
Primary activity: SIC 46120
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)Distressed admin-neglect survivor — structural issues outweigh the discount.
Opportunity 44/100 (watch), bankability 2/100. 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: File overdue accounts. Clears statutory overdue flag — immediate bankability uplift for refinance conversations. Most likely exit: asset disposal / carve-out (80/100). Current lenders should be on immediate intervention.
🏦
Refinance opportunity
9 live charges · 5 lenders · oldest 47.7y
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 47.7 years old — likely at or near maturity.
- · 5 lenders named — inter-creditor friction likely.
- · Legal-friction score 60/100 (high).
Data confidence
Overall: low (51/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
9 charges (9/9 with lender, 9/9 with type)
90
Directors & officers
19 officers (5 active, 19 linked, 16 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
8 connected companies via shared directors
69
Filing history
171 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
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
15
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
12
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
1
filing
- • 1 miscellaneous
Counts from Companies House filing history.
Corporate timeline (65 events)Click to expand
- 2025-12-16📄court-ordermiscellaneous · OC-DV
- 2023-12-05⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2023-09-05⚠️liquidation-in-administration-move-to-dissolution-scotland-2insolvency · AM23(Scot)
- 2023-09-05⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2023-08-22📄mortgage-satisfy-charge-fullmortgage · MR04
- 2023-08-22🔓Charge satisfied #9
- 2023-05-23⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2022-12-14⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2022-09-16⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · AM19(Scot)
- 2022-05-19⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2022-05-18⚠️liquidation-in-administration-resignation-of-administrator-scotland-2insolvency · AM15(Scot)
- 2022-02-04📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2021-12-13⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2021-10-22⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · AM19(Scot)
- 2021-06-07⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2020-12-22⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2020-10-29⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · AM19(Scot)
- 2020-06-23⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2019-12-19⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2019-11-08⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · AM19(Scot)
- 2019-06-21⚠️liquidation-in-administration-progress-report-scotlandinsolvency · AM10(Scot)
- 2018-12-20⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2018-11-05⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2018-10-09⚠️liquidation-in-administration-appointment-of-replacement-additional-administrator-scotlandinsolvency · 2.31B(Scot)
- 2018-10-02⚠️liquidation-in-administration-vacation-of-office-scotlandinsolvency · 2.30B(Scot)
- 2018-06-18⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2016-10-19➖FERGUSSON, James Mackay resigneddirector
- 2016-10-19➖FERGUSSON, Yvonne resigneddirector
- 2016-07-22➕HUNTER, Ronald Gorman appointeddirector
- 2016-07-22➖BATES, Elizabeth Anne resigneddirector
- 2016-07-01➖MARTIN, Andrew Hyslop resigneddirector
- 2016-04-15➖LYNSKEY, Gail Louise resigneddirector
- 2012-08-22🔓Charge satisfied #10
- 2012-08-22🔓Charge satisfied #8
- 2012-05-11🔒Charge registered #11Lender: Trustees of the T H Fergusson & Co Limited Retirement Benefit Scheme
- 2011-09-30🔒Charge registered #10Lender: Trustees of the T H Ferguson & Co LTD Retirement Benefit Scheme
- 2011-09-28🔓Charge satisfied #2
- 2011-05-09➕BATES, Elizabeth Anne appointeddirector
- 2011-01-11➕LYNSKEY, Gail Louise appointeddirector
- 2010-11-19🔒Charge registered #9Lender: Rbs Invoice Finance Limited
- 2010-04-30➖BUCHANAN, John Edward resigneddirector
- 2010-03-31➖BURNIE, Ronald resigneddirector
- 2010-03-31➖DOHERTY, Bernard Patrick resigneddirector
- 2009-12-14🔒Charge registered #8Lender: Turstees of T H Ferguson & Co Limited
- 2008-11-01➕SHUTE, John Henry appointeddirector
- 2008-07-07➕BUCHANAN, John Edward appointeddirector
- 2007-12-31🔒Charge registered #7Lender: The Royal Bank of Scotland PLC
- 2007-06-27➖BUCHANAN, John Edward resigneddirector
- 2007-06-27➕BURNIE, Ronald appointeddirector
- 2006-09-01➕MARTIN, Andrew Hyslop appointeddirector
Showing most recent 50 of 65 events
Owner dependency
66/100
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 18 years — deep operational knowledge concentrated in one person.
- +Senior director age: Director aged approximately 64 — approaching natural succession window.
- +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.
Succession & seller-readiness
68/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
- secondary12+ year tenure: Director in role 18 years.
- secondaryStable-but-static management: Company is 86 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
3 high · 2 med · 1 lowAccounts overdue
highStatutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.
Evidence: Next due: 2016-12-31
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-01-25
22 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2023-12-05: gazette-dissolved-liquidation; 2023-09-05: liquidation-in-administration-move-to-dissolution-scotland-2
Has insolvency history
mediumCompanies House flags prior insolvency events. Review the insolvency filings for context.
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
5 live charges
lowHeavily leveraged with multiple live security positions — understand the capital structure before proceeding.
🔒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 · Wholesale & distribution · G postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| FERGUSON WHISKY LIMITED→ SC705544 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FH WHOLESALE LIMITED→ SC841041 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FIFTH TASTE QUALITY IMPORTS LTD→ SC734040 · est 2022 · no financials extracted | — | — | — | — | 3y | — | — |
| FINAL SCOOP LTD→ SC776546 · est 2023 · no financials extracted | — | — | — | — | 2y | — | — |
| FIRST HALAL MEAT LTD→ SC707980 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FIVEQUESTIONS LTD→ SC809115 · est 2024 · no financials extracted | — | — | — | — | 1y | — | — |
| FKBTEX LIMITED→ SC884014 · est 2026 · no financials extracted | — | — | — | — | — | — | — |
| FOLOG LTD→ SC858557 · est 2025 · no financials extracted | — | — | — | — | — | — | — |
| FOREMOST PRODUCTS LTD.→ SC355266 · est 2009 · no financials extracted | — | — | — | — | 17y | — | — |
| FOREVER LOVE & LIGHT LIMITED→ SC842162 · est 2025 · no financials extracted | — | — | — | — | 1y | — | — |
| FORNAX TRADING LIMITED→ SC709904 · est 2021 · no financials extracted | — | — | — | — | 4y | — | — |
| FORTH WINES LIMITED→ SC371918 · est 2010 · no financials extracted | — | — | — | — | 16y | — | — |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
12 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
Incorporated1940-04-08
Jurisdictionscotland
Primary SIC46120 — SIC 46120
Registered office
C/O INTERPATH
5th Floor, 130 St. Vincent Street
Glasgow
G2 5HF
Filing status
Accounts
Next due: 2016-12-31OVERDUE
Last made up to: 2015-03-31
Confirmation statement
Next due: 2017-01-25OVERDUE
Last: —
Officers (5 active · 14 resigned)
FERGUSSON, Alan John→
Activesecretary · appointed 1993-08-17
View their other companies + combined net worth →
Active
Active
HUNTER, Ronald Gorman→
Activedirector · ~64y · appointed 2016-07-22
View their other companies + combined net worth →
SHUTE, John Henry→
Activedirector · ~60y · appointed 2008-11-01
View their other companies + combined net worth →
FERGUSSON, Thomas Hamish→
Resignedsecretary · resigned 1993-08-17
BATES, Elizabeth Anne→
Resigneddirector · ~74y · appointed 2011-05-09 · resigned 2016-07-22
BUCHANAN, John Edward→
Resigneddirector · ~65y · appointed 2008-07-07 · resigned 2010-04-30
BUCHANAN, John Edward→
Resigneddirector · ~65y · appointed 1998-11-01 · resigned 2007-06-27
BURNIE, Ronald→
Resigneddirector · ~68y · appointed 2007-06-27 · resigned 2010-03-31
DOHERTY, Bernard Patrick→
Resigneddirector · ~70y · appointed 2006-04-27 · resigned 2010-03-31
FERGUSSON, Cecilia Anne Mcgregor→
Resigneddirector · ~88y · resigned 2003-05-31
FERGUSSON, Craig Mcgregor→
Resigneddirector · ~58y · resigned 1992-10-30
FERGUSSON, James Mackay→
Resigneddirector · ~91y · resigned 2016-10-19
FERGUSSON, Margaret→
Resigneddirector · resigned 1989-12-01
FERGUSSON, Yvonne→
Resigneddirector · ~54y · appointed 1998-12-17 · resigned 2016-10-19
GILKS, Alan Richard→
Resigneddirector · ~75y · appointed 1997-07-01 · resigned 2003-11-30
LYNSKEY, Gail Louise→
Resigneddirector · ~65y · appointed 2011-01-11 · resigned 2016-04-15
MARTIN, Andrew Hyslop→
Resigneddirector · ~57y · appointed 2006-09-01 · resigned 2016-07-01
Click a director name to see their full track record across all companies.
Mortgages & charges
9
Total charges
5
Outstanding
2
Active lenders
Status:Lender:9 of 9 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Trustees of the T H Fergusson & Co Retirement Benefit Scheme Trustees of the T H Fergusson & Co Limited Retirement Benefit Scheme | Standard security | 1 property | 11/05/2012 | — | |
| satisfied | Trustees of the T H Ferguson & Co Retirement Benefit Scheme Trustees of the T H Ferguson & Co LTD Retirement Benefit Scheme | Standard security | 1 property | 30/09/2011 | 22/08/2012 | |
| satisfied | NatWest Group Rbs Invoice Finance Limited | Floating charge | 1 property | 19/11/2010 | 22/08/2023 | |
| satisfied | Turstees of T H Ferguson & Co Turstees of T H Ferguson & Co Limited | Standard security | 1 property | 14/12/2009 | 22/08/2012 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 31/12/2007 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/01/2004 | — | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 23/01/2004 | — | |
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Standard security | 1 property | 20/08/1990 | 28/09/2011 | |
| outstanding | Lloyds Banking Group The Royal Bank of Scotland PLC | Bond & floating charge | 1 property | 23/08/1978 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (171 total)
court-order
miscellaneous · OC-DV
2025-12-16
gazette-dissolved-liquidation
gazette · GAZ2
2023-12-05
liquidation-in-administration-move-to-dissolution-scotland-2
insolvency · AM23(Scot)
2023-09-05
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2023-09-05
mortgage-satisfy-charge-full
mortgage · MR04
2023-08-22
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2023-05-23
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-12-14
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2022-09-16
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2022-05-19
liquidation-in-administration-resignation-of-administrator-scotland-2
insolvency · AM15(Scot)
2022-05-18
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2022-02-04
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2021-12-13
liquidation-in-administration-extension-of-period-scotland
insolvency · AM19(Scot)
2021-10-22
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2021-06-07
liquidation-in-administration-progress-report-scotland
insolvency · AM10(Scot)
2020-12-22