PEARL ALAS LIMITED

⚰️Wound downdissolved
SC039458 · ltd · incorporated 1963-10-31
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
53/100
Worth a look
🔔
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What this business does
Primary activity: SIC 9999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 32/100. Strong seller-intent signal (78/100, director aged 66). 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

5 live charges · 4 lenders · oldest 44.3y

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 44.3 years old — likely at or near maturity.
  • · 4 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
5 charges (5/5 with lender, 5/5 with type)
90
Directors & officers
46 officers (2 active, 46 linked, 34 with DOB)
85
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
10 connected companies via shared directors
75
Filing history
169 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
53/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
49
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 (111 events)Click to expand
  1. 2011-04-27
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2011-04-27
    🏁
    Company dissolved
  3. 2011-01-27
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2010-04-01
    📄
    change-person-director-company-with-change-date
    officers · CH01
  5. 2010-03-24
    📄
    termination-director-company-with-name
    officers · TM01
  6. 2010-03-22
    ➖
    LUSCOMBE, Kerr resigned
    director
  7. 2010-01-10
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  8. 2009-11-17
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2009-06-11
    📄
    legacy
    annual-return · 363a
  10. 2008-08-01
    📄
    legacy
    officers · 288a
  11. 2008-07-25
    📄
    legacy
    officers · 288b
  12. 2008-07-18
    ➕
    LUSCOMBE, Kerr appointed
    director
  13. 2008-07-18
    ➖
    STOCKTON, Robert Paul resigned
    director
  14. 2008-06-09
    📄
    legacy
    annual-return · 363a
  15. 2008-06-06
    📄
    accounts-with-made-up-date
    accounts · AA
  16. 2008-05-28
    📄
    legacy
    officers · 288c
  17. 2008-05-22
    📄
    memorandum-articles
    incorporation · MA
  18. 2008-05-16
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  19. 2008-01-10
    📄
    legacy
    officers · 288a
  20. 2008-01-04
    📄
    legacy
    officers · 288b
  21. 2008-01-01
    ➕
    MERRICK, Michael John appointed
    director
  22. 2007-12-31
    ➖
    GREENFIELD, Richard Edward Keith resigned
    director
  23. 2007-07-10
    📄
    accounts-with-made-up-date
    accounts · AA
  24. 2007-06-19
    📄
    legacy
    annual-return · 363a
  25. 2007-05-09
    📄
    legacy
    officers · 288b
  26. 2007-04-30
    ➖
    CRAINE, Roger resigned
    director
  27. 2007-04-18
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  28. 2007-04-18
    📄
    resolution
    resolution · RESOLUTIONS
  29. 2007-04-13
    📄
    legacy
    officers · 288a
  30. 2007-03-29
    ➕
    STOCKTON, Robert Paul appointed
    director
  31. 2007-03-21
    📍
    legacy
    address · 353
  32. 2006-10-02
    📍
    legacy
    address · 287
  33. 2006-09-04
    📄
    legacy
    officers · 288a
  34. 2006-09-01
    ➕
    PEARL GROUP SECRETARIAT SERVICES LIMITED appointed
    corporate-secretary
  35. 2006-09-01
    ➖
    GRIFFIN-SMITH, Philip Bernard resigned
    secretary
  36. 2006-04-03
    ➕
    GRIFFIN-SMITH, Philip Bernard appointed
    secretary
  37. 2006-04-03
    ➖
    JORDAN, Barbara Craig resigned
    secretary
  38. 2006-04-03
    ➕
    CRAINE, Roger appointed
    director
  39. 2006-04-03
    ➖
    ROSS, Geoffrey Michael resigned
    director
  40. 2005-11-03
    ➕
    GREENFIELD, Richard Edward Keith appointed
    director
  41. 2005-11-03
    ➖
    PRINGLE, Iain George resigned
    director
  42. 2004-03-12
    ➖
    TABER, Jeremy Neil Fenton resigned
    director
  43. 2004-02-20
    ➕
    PRINGLE, Iain George appointed
    director
  44. 2002-10-31
    ➖
    HENDERSON, William Grahamslaw resigned
    director
  45. 2002-10-31
    ➕
    TABER, Jeremy Neil Fenton appointed
    director
  46. 2002-07-10
    ➖
    NICKSON, John William resigned
    director
  47. 2002-07-10
    ➕
    ROSS, Geoffrey Michael appointed
    director
  48. 2002-01-28
    ➕
    JORDAN, Barbara Craig appointed
    secretary
  49. 2002-01-28
    ➖
    KELLY, Malcolm James, Mr. resigned
    secretary
  50. 2001-09-01
    ➕
    KELLY, Malcolm James, Mr. appointed
    secretary
Showing most recent 50 of 111 events

Owner dependency

100/100
Critical — business is the founder

The business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 66 — succession pressure is live.

Succession & seller-readiness

88/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 66. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 63 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 ·
Company dissolved
high

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

Evidence: Dissolved on 2011-04-27

2 insolvency-related filings on record
high

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

Evidence: 2011-04-27: gazette-dissolved-liquidation; 2011-01-27: liquidation-voluntary-return-of-final-meeting-scotland

🔒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

Statusdissolved
Typeltd
Incorporated1963-10-31
Jurisdictionscotland
Primary SIC9999 — SIC 9999

Registered office

10 George Street
Edinburgh
EH2 2DZ

Filing status

Accounts
Next due: —
Last made up to: 2007-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 44 resigned)

PEARL GROUP SECRETARIAT SERVICES LIMITED→
corporate-secretary · appointed 2006-09-01
View their other companies + combined net worth →
Active
MERRICK, Michael John→
director · ~66y · appointed 2008-01-01
View their other companies + combined net worth →
Active
GRIFFIN-SMITH, Philip Bernard→
secretary · appointed 2006-04-03 · resigned 2006-09-01
Resigned
JORDAN, Barbara Craig→
secretary · appointed 2002-01-28 · resigned 2006-04-03
Resigned
KELLY, Malcolm James, Mr.→
secretary · appointed 2001-09-01 · resigned 2002-01-28
Resigned
PATERSON, James→
secretary · resigned 1991-08-07
Resigned
RANKIN, Colin Graham→
secretary · appointed 2000-08-15 · resigned 2001-09-01
Resigned
ROSS, Marie Isobel→
secretary · appointed 1999-12-06 · resigned 2000-08-15
Resigned
SHEPHERD, Neil Morton→
secretary · appointed 1991-08-07 · resigned 1993-10-08
Resigned
WAGNER, Deborah Anne→
secretary · appointed 1993-10-08 · resigned 1999-12-06
Resigned
ANDRINGA, Syste Adriaan→
director · ~83y · appointed 1993-06-09 · resigned 1993-10-08
Resigned
BAYLEY, Trevor John→
director · ~75y · appointed 1993-10-08 · resigned 1999-12-06
Resigned
BUCHANAN, Richard Robertson Trail→
director · ~82y · appointed 1990-08-08 · resigned 1993-10-08
Resigned
BURDON, Peter Vincent→
director · ~79y · appointed 1993-10-08 · resigned 1996-03-06
Resigned
BURNET, George Wardlaw→
director · ~99y · resigned 1993-10-08
Resigned
CRAINE, Roger→
director · ~70y · appointed 2006-04-03 · resigned 2007-04-30
Resigned
ERNSTE, Derk→
director · ~91y · resigned 1993-06-09
Resigned
FALCONER, James Alexander Reid→
director · resigned 1990-06-06
Resigned
FLETCHER, Alexander Macpherson, Sir→
director · resigned 1990-06-20
Resigned
GREENFIELD, Richard Edward Keith→
director · ~70y · appointed 2005-11-03 · resigned 2007-12-31
Resigned

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

Mortgages & charges

5
Total charges
4
Outstanding
2
Active lenders
Status:Lender:5 of 5 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property19/08/1994—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Legal charge1 property18/04/1994—
outstanding
Midland Bank
Midland Bank PLC
Legal charge1 property28/09/1984—
satisfied
South West Trustee Savings Bank
Legal charge1 property21/11/198316/06/1989
outstanding
Lloyds Banking Group
Lloyds Bank PLC
Mortgage1 property05/02/1982—
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (169 total)

gazette-dissolved-liquidation
gazette · GAZ2
2011-04-27
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2011-01-27
change-person-director-company-with-change-date
officers · CH01
2010-04-01
termination-director-company-with-name
officers · TM01
2010-03-24
change-registered-office-address-company-with-date-old-address
address · AD01
2010-01-10
resolution
resolution · RESOLUTIONS
2009-11-17
legacy
annual-return · 363a
2009-06-11
legacy
officers · 288a
2008-08-01
legacy
officers · 288b
2008-07-25
legacy
annual-return · 363a
2008-06-09
accounts-with-made-up-date
accounts · AA
2008-06-06
legacy
officers · 288c
2008-05-28
memorandum-articles
incorporation · MA
2008-05-22
certificate-change-of-name-company
change-of-name · CERTNM
2008-05-16
legacy
officers · 288a
2008-01-10