PENNANT VEHICLE LEASING LIMITED
⚰️Wound downdissolved
SC048123 · ltd · incorporated 1970-11-25
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.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
- · Oldest live charge 48.4y old — refinance window within 12 months
What changed my view
Last 30 days
No material changes in the last 30 days.
Last 90 days
No material changes in the last 90 days.
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
60/100
Worth a look
What this business does
Primary activity: Other specialised construction activities n.e.c.
Sector: Construction
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 60/100 (worth a look), bankability 80/100. Strong seller-intent signal (68/100, director aged 77). Share purchase looks the cleaner deal structure. Biggest value-creation lever: Resolve: Company dissolved. Company has been dissolved — it no longer legally exists. Any diligence here is historical only. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
2 live charges · 2 lenders · oldest 48.4y
70/100
ready
Refinance conversation should be productive — structure clean and timing right.
- · Oldest live charge is 48.4 years old — likely at or near maturity.
- · Two lenders — manageable, but coordination required.
- · Legal-friction score 15/100 — clean.
Data confidence
Overall: medium (61/100)Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
11 officers (4 active, 11 linked, 9 with DOB)
86
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
30 connected companies via shared directors
90
Filing history
119 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
60/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
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 (45 events)Click to expand
- 2017-09-19📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2017-09-19🏁Company dissolved
- 2017-07-04📄gazette-notice-voluntarygazette · GAZ1(A)
- 2017-06-27📄dissolution-application-strike-off-companydissolution · DS01
- 2017-06-27📄notification-of-a-person-with-significant-controlpersons-with-significant-control · PSC02
- 2016-10-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-10-18📄appoint-person-director-company-with-name-dateofficers · AP01
- 2016-09-15📄legacyrestoration · AC93
- 2016-09-12➕JACKSON, Julie Mansfield appointeddirector
- 2016-09-12➕MURDOCH, Ian appointeddirector
- 2013-10-25📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2013-07-12📄change-person-director-company-with-change-dateofficers · CH01
- 2013-07-05📄gazette-notice-voluntarygazette · GAZ1(A)
- 2013-06-24📄dissolution-application-strike-off-companydissolution · DS01
- 2012-10-04📄accounts-with-accounts-type-fullaccounts · AA
- 2012-07-02📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2012-06-26📄termination-secretary-company-with-nameofficers · TM02
- 2012-06-02📄termination-director-company-with-nameofficers · TM01
- 2012-05-16➖SMYTH, Pamela June resignedsecretary
- 2012-05-16➖SMYTH, Pamela June resigneddirector
- 2011-10-05📄accounts-with-accounts-type-fullaccounts · AA
- 2011-09-29📄change-person-director-company-with-change-dateofficers · CH01
- 2011-09-23📄legacycapital · SH20
- 2011-09-22📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2011-09-22⚠️legacyinsolvency · CAP-SS
- 2011-09-22📄resolutionresolution · RESOLUTIONS
- 2011-06-27📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2011-06-23📄change-person-secretary-company-with-change-dateofficers · CH03
- 2010-06-16📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-02-24➕SMYTH, Pamela June appointeddirector
- 2006-02-28➖MILLER, Alan Thomas resignedsecretary
- 2006-02-28➕SMYTH, Pamela June appointedsecretary
- 2006-02-28➖MILLER, Alan Thomas resigneddirector
- 2005-09-13➕RICHARDS, John Steel appointeddirector
- 1999-11-30➖CLARKE, Robert Anthony resigneddirector
- 1999-07-07🔓Charge satisfied #2
- 1999-04-27🔓Charge satisfied #1
- 1999-04-20🔒Charge registered #2Lender: The Royal Bank of Scotland PLC
- 1999-04-01➕MILLER, Alan Thomas appointeddirector
- 1998-01-31➖HADDEN WILLIAM LUSH, James resigneddirector
- 1994-11-16➕CLARKE, Robert Anthony appointeddirector
- 1991-08-29➖SCOTT, Graeme Ronald Crawford resigneddirector
- 1989-07-01➕HADDEN WILLIAM LUSH, James appointeddirector
- 1978-03-13🔒Charge registered #1Lender: First National Bank of Chicago
- 1970-11-25🏢Company incorporatedAs PENNANT VEHICLE LEASING LIMITED
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 21 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 21 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 56 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
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2017-09-19
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2011-09-22: legacy
Group structure
Miller Homes Holdings Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Miller Homes Holdings Limited
Corporate parent · holds 75-100% shares
⬇
PENNANT VEHICLE LEASING LIMITED
This company · SC048123
Parent relationships inferred from Persons with Significant Control filings. Full subsidiary tree requires reverse-lookup (coming).
Shareholders & ownership
1 active beneficial owner · dominant holder ≥75%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Miller Homes Holdings Limited Corporate entity | 75–100% | — | 75-100% shares | 09/02/2017 |
From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.
🔒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 · Construction · EH postcode area| Company | Est. value | Turnover | Net worth | Staff | Age | Opp | Director |
|---|---|---|---|---|---|---|---|
| MAXI CONSTRUCTION LIMITED→ SC048718 · est 1971 | £9.09M £6.50M–£11.69M | — | — | 40 | 55y | 88 | 82y |
| JOHN G. MACKINTOSH LIMITED→ SC281061 · est 2005 | £6.96M £4.97M–£8.95M | — | — | 241 | 21y | 88 | 66y |
| SERS ENERGY SOLUTIONS (SCOTLAND) LIMITED→ SC392085 · est 2011 | £6.04M £4.31M–£7.76M | — | — | 19 | 15y | 85 | 69y |
| LOCHAY HOMES LIMITED→ SC369988 · est 2009 | £5.04M £3.60M–£6.49M | — | — | 14 | 16y | 85 | 71y |
| COLORADO CONSTRUCTION & ENGINEERING LIMITED→ SC311182 · est 2006 | £3.04M £2.17M–£3.90M | £21.12M | — | 3800 | 19y | 87 | 64y |
| GORDON BOW PLANT HIRE LTD→ SC135116 · est 1991 | £1.57M £1.12M–£2.02M | £9.21M | — | 6200 | 34y | 86 | 68y |
| GEORGE SHARKEY & SONS LIMITED→ SC164725 · est 1996 | £779.7k £556.9k–£1.00M | — | — | 68 | 30y | 84 | 66y |
| OMEGA LIFT SERVICES LIMITED→ SC243098 · est 2003 | £720.0k £514.3k–£925.7k | — | — | 1600 | 23y | 83 | 55y |
| DATS - DESIGN AND TRAINING SOLUTIONS LTD→ SC441708 · est 2013 | £1.5k £1.1k–£1.9k | £81.2k | — | 100 | 13y | 100 | 59y |
| AMA CONSTRUCTION (EDINBURGH) LIMITED→ SC100586 · est 1986 | — | — | — | 2200 | 39y | 83 | 73y |
| ARMITSCOT DEVELOPMENTS LIMITED→ SC053538 · est 1973 · no financials extracted | — | — | — | — | 53y | 83 | 61y |
| BALLINA CONSTRUCTION LIMITED→ SC280450 · est 2005 | — | — | £215.2k | — | 21y | 83 | 58y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1970-11-25
Jurisdictionscotland
Primary SIC43999 — Other specialised construction activities n.e.c.
Registered office
Miller House
2 Lochside View
Edinburgh Park
EH12 9DH
Filing status
Accounts
Next due: —
Last made up to: 2011-12-31
Confirmation statement
Next due: —
Last: —
Officers (0 active · 7 resigned)
JACKSON, Julie Mansfield→
Activedirector · ~61y · appointed 2016-09-12
View their other companies + combined net worth →
Active
MURDOCH, Ian→
Activedirector · ~56y · appointed 2016-09-12
View their other companies + combined net worth →
RICHARDS, John Steel→
Activedirector · ~69y · appointed 2005-09-13
View their other companies + combined net worth →
MILLER, Alan Thomas→
Resignedsecretary · resigned 2006-02-28
SMYTH, Pamela June→
Resignedsecretary · appointed 2006-02-28 · resigned 2012-05-16
CLARKE, Robert Anthony→
Resigneddirector · ~83y · appointed 1994-11-16 · resigned 1999-11-30
HADDEN WILLIAM LUSH, James→
Resigneddirector · ~93y · appointed 1989-07-01 · resigned 1998-01-31
MILLER, Alan Thomas→
Resigneddirector · ~74y · appointed 1999-04-01 · resigned 2006-02-28
SCOTT, Graeme Ronald Crawford→
Resigneddirector · ~86y · resigned 1991-08-29
SMYTH, Pamela June→
Resigneddirector · ~62y · appointed 2009-02-24 · resigned 2012-05-16
Click a director name to see their full track record across all companies.
Mortgages & charges
2
Total charges
0
Outstanding
0
Active lenders
Status:Lender:2 of 2 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group The Royal Bank of Scotland PLC | Floating charge | 1 property | 20/04/1999 | 07/07/1999 | |
| satisfied | First National Bank of Chicago | Legal charge | 1 property | 13/03/1978 | 27/04/1999 |
Recent filings (119 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2017-09-19
gazette-notice-voluntary
gazette · GAZ1(A)
2017-07-04
dissolution-application-strike-off-company
dissolution · DS01
2017-06-27
notification-of-a-person-with-significant-control
persons-with-significant-control · PSC02
2017-06-27
confirmation-statement-with-updates
confirmation-statement · CS01
2017-06-27
appoint-person-director-company-with-name-date
officers · AP01
2016-10-18
appoint-person-director-company-with-name-date
officers · AP01
2016-10-18
legacy
restoration · AC93
2016-09-15
gazette-dissolved-voluntary
gazette · GAZ2(A)
2013-10-25
change-person-director-company-with-change-date
officers · CH01
2013-07-12
gazette-notice-voluntary
gazette · GAZ1(A)
2013-07-05
dissolution-application-strike-off-company
dissolution · DS01
2013-06-24
accounts-with-accounts-type-full
accounts · AA
2012-10-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-07-02
termination-secretary-company-with-name
officers · TM02
2012-06-26