GALLOWAY GROUP LTD.
🌳Matureactive
SC036181 · ltd · incorporated 1961-03-08
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.
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
44/100
Watch
What this business does
Primary activity: SIC 25990
Sector: Manufacturing
ALSO REGISTERED FOR
- 43210Electrical installation
- 43999Other specialised construction activities n.e.c.
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
12 live charges · 6 lenders · oldest 44.0y
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 44.0 years old — likely at or near maturity.
- · 6 lenders named — inter-creditor friction likely.
- · Legal-friction score 75/100 (specialist).
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 3 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
24 officers (4 active, 24 linked, 21 with DOB)
88
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
14 connected companies via shared directors
87
Filing history
194 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
0
filings
Counts from Companies House filing history.
Corporate timeline (80 events)Click to expand
- 2020-03-10📄court-ordermiscellaneous · OC-DV
- 2018-10-31⚠️gazette-dissolved-liquidationgazette · GAZ2
- 2018-10-31🏁Company dissolved
- 2018-07-31⚠️liquidation-in-administration-move-to-dissolution-scotlandinsolvency · 2.26B(Scot)
- 2018-02-28⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2017-12-27⚠️liquidation-in-administration-appointment-of-replacement-additional-administrator-scotlandinsolvency · 2.31B(Scot)
- 2017-12-27⚠️liquidation-in-administration-vacation-of-office-scotlandinsolvency · 2.30B(Scot)
- 2017-09-11⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2017-07-21⚠️liquidation-in-administration-extension-of-period-scotlandinsolvency · 2.22B(Scot)
- 2017-03-16⚠️liquidation-in-administration-proposals-scotlandinsolvency · 2.16B(Scot)
- 2017-03-08⚠️liquidation-in-administration-progress-report-scotlandinsolvency · 2.20B(Scot)
- 2017-02-01⚠️liquidation-in-administration-deemed-proposal-scotlandinsolvency · 2.16BZ(Scot)
- 2017-01-20⚠️liquidation-in-administration-deemed-proposal-scotlandinsolvency · 2.16BZ(Scot)
- 2016-11-04⚠️liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attachedinsolvency · 2.15B(Scot)
- 2016-08-16📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2016-08-12⚠️liquidation-in-administration-appointment-of-administrator-scotlandinsolvency · 2.11B(Scot)
- 2016-07-04📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2016-06-07📄termination-director-company-with-name-termination-dateofficers · TM01
- 2016-05-27➖MANN, Richard John resigneddirector
- 2016-03-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-02-25📄accounts-with-accounts-type-fullaccounts · AA
- 2016-02-19📄mortgage-create-with-deed-with-charge-number-charge-creation-datemortgage · MR01
- 2016-02-17🔒Charge registered #12Lender: Hsbc Bank PLC
- 2016-02-01➕BURGOYNE, Christopher appointeddirector
- 2015-11-27📄change-person-director-company-with-change-dateofficers · CH01
- 2015-11-27📄change-person-director-company-with-change-dateofficers · CH01
- 2015-11-27📄change-person-director-company-with-change-dateofficers · CH01
- 2015-07-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2015-07-16📄termination-director-company-with-name-termination-dateofficers · TM01
- 2015-06-26➖COOMBES, Robert Christopher resigneddirector
- 2014-11-05➖MARSHALL, Peter Hardie resigneddirector
- 2014-06-13🔒Charge registered #11Lender: Hsbc Bank PLC
- 2014-06-13🔒Charge registered #10Lender: Scottish Enterprise
- 2014-05-13➕COOMBES, Robert Christopher appointeddirector
- 2014-05-13➕MARSHALL, Peter Hardie appointeddirector
- 2014-03-31➖ROBERTSON, Cameron Bruce resigneddirector
- 2014-01-06➕THOMSON, Teresa Carol appointeddirector
- 2013-11-29➖HALL, Gary resigneddirector
- 2013-11-15➖MILNE, Fiona Jane resignedsecretary
- 2013-03-19🔓Charge satisfied #7
- 2013-03-19🔓Charge satisfied #6
- 2012-09-17🔒Charge registered #9Lender: Hsbc Invoice Finance (UK) Limited
- 2012-09-04🔒Charge registered #8Lender: Hsbc Invoice Finance (UK) Limited
- 2009-07-17➖MATHIESON, James Gordon resignedsecretary
- 2009-07-17➕MILNE, Fiona Jane appointedsecretary
- 2009-01-08🔒Charge registered #7Lender: Hsbc Bank PLC
- 2008-08-14➖GEORGE, Fergus William resigneddirector
- 2008-08-14➖HUTCHISON, Craig resigneddirector
- 2008-08-14➖RYSHWORTH, Philip resigneddirector
- 2008-08-14🔒Charge registered #6Lender: Hsbc Bank PLC
Showing most recent 50 of 80 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 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 68 — succession pressure is live.
Succession & seller-readiness
75/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 68. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 65 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: 2016-05-31
Confirmation statement overdue
highAnnual confirmation statement not filed on time. Required statutory filing — overdue is a strong discipline signal.
Evidence: Next due: 2017-07-06
13 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2018-10-31: gazette-dissolved-liquidation; 2018-07-31: liquidation-in-administration-move-to-dissolution-scotland
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.
8 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
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|---|---|---|---|---|---|---|---|
| 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 | 44y | 85 | 83y |
| PROMAT BD LIMITED→ SC208370 · est 2000 | £3.41M £2.65M–£4.17M | — | — | 8500 | 25y | 87 | 70y |
| KELVINSIDE ELECTRONICS LIMITED→ SC105407 · est 1987 | £3.30M £2.57M–£4.03M | — | — | 57 | 38y | 84 | 65y |
| INDEPENDENT GLASS COMPANY LIMITED→ SC107294 · est 1987 | £2.83M £2.20M–£3.46M | — | — | 21800 | 38y | 85 | 79y |
| THOMAS TUNNOCK LIMITED→ SC028747 · est 1952 | £2.26M £1.76M–£2.76M | — | — | 653 | 74y | 85 | 93y |
| SAMTEC (EUROPE) LIMITED→ SC096674 · est 1986 | £1.51M £1.17M–£1.84M | — | — | 2700 | 40y | 85 | 65y |
| 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 |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
13 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
Incorporated1961-03-08
Jurisdictionscotland
Primary SIC25990 — SIC 25990
Registered office
G1 5 George Square
Glasgow
G2 1DY
Filing status
Accounts
Next due: 2016-05-31OVERDUE
Last made up to: 2014-08-31
Confirmation statement
Next due: 2017-07-06OVERDUE
Last: —
Officers (4 active · 20 resigned)
BISSET, Bruce→
Activedirector · ~68y · appointed 2007-03-01
View their other companies + combined net worth →
BURGOYNE, Christopher→
Activedirector · ~58y · appointed 2016-02-01
View their other companies + combined net worth →
MATHIESON, James Gordon→
Activedirector · ~58y · appointed 2001-09-03
View their other companies + combined net worth →
THOMSON, Teresa Carol→
Activedirector · ~56y · appointed 2014-01-06
View their other companies + combined net worth →
GEORGE, Fergus William→
Resignedsecretary · resigned 2001-09-03
MATHIESON, James Gordon→
Resignedsecretary · appointed 2001-09-03 · resigned 2009-07-17
MILNE, Fiona Jane→
Resignedsecretary · appointed 2009-07-17 · resigned 2013-11-15
BUTCHER, Roy→
Resigneddirector · ~78y · appointed 1997-07-04 · resigned 2001-09-03
COOMBES, Robert Christopher→
Resigneddirector · ~64y · appointed 2014-05-13 · resigned 2015-06-26
DICKSON, Harry→
Resigneddirector · ~85y · resigned 1997-04-05
GEORGE, Fergus William→
Resigneddirector · ~78y · resigned 2008-08-14
HALL, Gary→
Resigneddirector · ~61y · appointed 2007-03-01 · resigned 2013-11-29
HUTCHINSON, John→
Resigneddirector · ~74y · appointed 2001-09-03 · resigned 2007-11-16
HUTCHISON, Craig→
Resigneddirector · ~73y · appointed 1991-08-28 · resigned 2008-08-14
LINN, Ronald John→
Resigneddirector · ~72y · appointed 1997-06-17 · resigned 2004-04-30
MANN, Richard John→
Resigneddirector · ~68y · appointed 2007-03-01 · resigned 2016-05-27
MARSHALL, Peter Hardie→
Resigneddirector · ~66y · appointed 2014-05-13 · resigned 2014-11-05
MCCABE, James→
Resigneddirector · ~95y · resigned 1993-08-26
MCGLONE, Frank Wilson→
Resigneddirector · ~87y · resigned 2001-04-30
NEWMAN, Francis Hugh Cecil, Sir→
Resigneddirector · ~63y · appointed 1991-08-28 · resigned 1997-04-05
Click a director name to see their full track record across all companies.
Mortgages & charges
12
Total charges
8
Outstanding
4
Active lenders
Status:Lender:12 of 12 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | HSBC Hsbc Bank PLC | A registered charge | 1 property | 17/02/2016 | — | |
| outstanding | HSBC Hsbc Bank PLC | A registered charge | — | 13/06/2014 | — | |
| outstanding | Scottish Enterprise | A registered charge | — | 13/06/2014 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) Limited | Standard security | 1 property | 17/09/2012 | — | |
| outstanding | HSBC Hsbc Invoice Finance (UK) Limited | Floating charge | 1 property | 04/09/2012 | — | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 1 property | 08/01/2009 | 19/03/2013 | |
| satisfied | HSBC Hsbc Bank PLC | Legal mortgage | 2 properties | 14/08/2008 | 19/03/2013 | |
| outstanding | James Mathieson and Others | Floating charge | 1 property | 14/08/2008 | — | |
| outstanding | Midland Bank Midland Bank PLC | Standard security | 1 property | 17/04/1997 | — | |
| outstanding | Midland Bank Midland Bank PLC | Floating charge | 1 property | 05/04/1997 | — | |
| satisfied | Mercantile Credit Company Mercantile Credit Company LTD | Standard security | 1 property | 29/07/1982 | 11/09/2001 | |
| satisfied | Mercantile Credit Company Mercantile Credit Company LTD | Standard security | 1 property | 14/06/1982 | 07/06/1994 |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (194 total)
court-order
miscellaneous · OC-DV
2020-03-10
gazette-dissolved-liquidation
gazette · GAZ2
2018-10-31
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2018-07-31
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2018-02-28
liquidation-in-administration-appointment-of-replacement-additional-administrator-scotland
insolvency · 2.31B(Scot)
2017-12-27
liquidation-in-administration-vacation-of-office-scotland
insolvency · 2.30B(Scot)
2017-12-27
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2017-09-11
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2017-07-21
liquidation-in-administration-proposals-scotland
insolvency · 2.16B(Scot)
2017-03-16
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2017-03-08
liquidation-in-administration-deemed-proposal-scotland
insolvency · 2.16BZ(Scot)
2017-02-01
liquidation-in-administration-deemed-proposal-scotland
insolvency · 2.16BZ(Scot)
2017-01-20
liquidation-in-administration-notice-of-statement-of-affairs-scotland-with-form-attached
insolvency · 2.15B(Scot)
2016-11-04
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-08-16
liquidation-in-administration-appointment-of-administrator-scotland
insolvency · 2.11B(Scot)
2016-08-12