GYPSUM CONSTRUCTION (SCOTLAND) LIMITED

🌳Matureactive
SC027580 · ltd · incorporated 1950-03-07
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
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Turnover
not disclosed
Net worth
book net assets
Opportunity
46/100
Watch
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What this business does
Primary activity: SIC 4545
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed admin-neglect survivor — structural issues outweigh the discount.

Opportunity 46/100 (watch), bankability 20/100. Strong seller-intent signal (63/100, director aged 91). 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 (55/100). Current lenders should be on immediate intervention.

🏦

Refinance opportunity

4 live charges · 2 lenders · oldest 41.2y

40/100
too messy

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

  • · Oldest live charge is 41.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: low (48/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
7 officers (3 active, 7 linked, 3 with DOB)
79
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
3 connected companies via shared directors
54
Filing history
58 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
46/100Watch
PassWatchWorth a lookStrongExceptional 

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

Business quality
25
Concerning — overdue filings or status flags present.
Acquirability
75
Strong succession / seller-readiness signals.
Risk profile
15
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 (37 events)Click to expand
  1. 2021-04-01
    📄
    court-order
    miscellaneous · OC-DV
  2. 2020-10-20
    📄
    gazette-dissolved-compulsory
    gazette · GAZ2
  3. 2020-10-20
    🏁
    Company dissolved
  4. 2020-03-31
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  5. 2020-02-12
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  6. 2020-02-11
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  7. 2017-10-24
    📄
    court-order
    miscellaneous · OC-DV
  8. 2011-11-18
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  9. 2011-07-29
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  10. 2010-12-30
    📄
    dissolved-compulsory-strike-off-suspended
    dissolution · DISS16(SOAS)
  11. 2010-12-17
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  12. 2001-11-28
    📄
    court-order
    miscellaneous · OC-DV
  13. 1999-09-17
    📄
    gazette-dissolved-compulsary
    gazette · GAZ2
  14. 1999-05-28
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  15. 1998-05-14
    ⚠️
    liquidation-receiver-ceasing-to-act-scotland
    insolvency · 3(Scot)
  16. 1998-05-14
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  17. 1997-06-11
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  18. 1996-05-23
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  19. 1995-06-22
    ⚠️
    legacy
    insolvency · SPEC PEN
  20. 1995-06-22
    ⚠️
    legacy
    insolvency · SPEC PEN
  21. 1995-05-18
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  22. 1995-01-01
    📄
    selection-of-documents-registered-before-January-1995
    historical · PRE95
  23. 1994-06-03
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  24. 1994-03-02
    ⚠️
    legacy
    insolvency · SPEC PEN
  25. 1994-03-02
    ⚠️
    legacy
    insolvency · SPEC PEN
  26. 1993-05-13
    ⚠️
    liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
    insolvency · 3.2(Scot)
  27. 1992-08-27
    🔓
    Charge satisfied #2
  28. 1991-03-28
    🔒
    Charge registered #5
    Lender: The Royal Bank of Scotland PLC
  29. 1991-01-09
    🔓
    Charge satisfied #1
  30. 1990-10-24
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  31. 1990-10-24
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  32. 1990-04-11
    STEVEN, Ian Mcewan resigned
    secretary
  33. 1990-04-11
    DOWNIE, Charles Paton resigned
    director
  34. 1990-04-11
    STEVEN, Ian Mcewan resigned
    director
  35. 1990-04-11
    WATSON, George resigned
    director
  36. 1985-02-22
    🔒
    Charge registered #1
    Lender: The Royal Bank of Scotland PLC
  37. 1950-03-07
    🏢
    Company incorporated
    As GYPSUM CONSTRUCTION (SCOTLAND) LIMITED

Owner dependency

73/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Founder age: Director aged approximately 91 — succession pressure is live.

Succession & seller-readiness

76/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • primaryFounder aged 70+: Senior director is approximately 91 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondaryStable-but-static management: Company is 76 years old and no new directors in the last 3 years — succession not yet being planned internally.

Red flags

3 high · 2 med ·
Accounts overdue
high

Statutory accounts have not been filed by their due date. Can indicate admin breakdown, cash preservation, or deliberate delay.

Evidence: Next due: 1998-03-31

Confirmation statement overdue
high

Annual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.

Evidence: Next due: 2016-11-26

11 insolvency-related filings on record
high

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

Evidence: 1998-05-14: liquidation-receiver-ceasing-to-act-scotland; 1998-05-14: liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland

Has insolvency history
medium

Companies House flags prior insolvency events. Review the insolvency filings for context.

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.

🔒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 →

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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
Incorporated1950-03-07
Jurisdictionscotland
Primary SIC4545 — SIC 4545

Registered office

27 King Street
Stenhousemuir
FK5 4HD

Filing status

Accounts
Next due: 1998-03-31OVERDUE
Last made up to:
Confirmation statement
Next due: 2016-11-26OVERDUE
Last:

Officers (3 active · 4 resigned)

ELGEY, Ian T
secretary
View their other companies + combined net worth →
Active
ELGEY, Ian T
director · ~81y
View their other companies + combined net worth →
Active
HOLMES, David Scott
director · ~91y
View their other companies + combined net worth →
Active
STEVEN, Ian Mcewan
secretary · resigned 1990-04-11
Resigned
DOWNIE, Charles Paton
director · resigned 1990-04-11
Resigned
STEVEN, Ian Mcewan
director · ~85y · resigned 1990-04-11
Resigned
WATSON, George
director · resigned 1990-04-11
Resigned

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

Mortgages & charges

4
Total charges
2
Outstanding
1
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property28/03/1991
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property24/10/1990
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property24/10/199027/08/1992
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property22/02/198509/01/1991
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (58 total)

court-order
miscellaneous · OC-DV
2021-04-01
gazette-dissolved-compulsory
gazette · GAZ2
2020-10-20
gazette-notice-compulsory
gazette · GAZ1
2020-03-31
gazette-filings-brought-up-to-date
gazette · DISS40
2020-02-12
gazette-notice-compulsory
gazette · GAZ1
2020-02-11
court-order
miscellaneous · OC-DV
2017-10-24
gazette-dissolved-compulsary
gazette · GAZ2
2011-11-18
gazette-notice-compulsary
gazette · GAZ1
2011-07-29
dissolved-compulsory-strike-off-suspended
dissolution · DISS16(SOAS)
2010-12-30
gazette-notice-compulsary
gazette · GAZ1
2010-12-17
court-order
miscellaneous · OC-DV
2001-11-28
gazette-dissolved-compulsary
gazette · GAZ2
1999-09-17
gazette-notice-compulsary
gazette · GAZ1
1999-05-28
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
1998-05-14
liquidation-receiver-receivers-abstracts-of-receipts-and-payments-scotland
insolvency · 3.2(Scot)
1998-05-14