HI-FLI BANNERS + FLAGS LTD.

⚰️Wound downdissolved
SC048739 · ltd · incorporated 1971-05-21
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 43.4y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
65/100
Strong
🔔
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What this business does
Primary activity: Weaving of textiles
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 65/100 (strong), bankability 75/100. High owner-dependency — earn-out structure likely required for clean transition. 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 · oldest 43.4y

65/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 43.4 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 25/100 — workable, but lender will want more DD.

Data confidence

Overall: low (52/100)

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
2 charges (2/2 with lender, 2/2 with type)
90
Directors & officers
14 officers (4 active, 14 linked, 11 with DOB)
86
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
12 connected companies via shared directors
81
Filing history
93 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
65/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
67
Some moderate concerns — review flags.
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 (48 events)Click to expand
  1. 2016-08-23
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-08-23
    🏁
    Company dissolved
  3. 2016-07-07
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  4. 2016-07-07
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  5. 2016-07-01
    ➕
    MCGILL, Roger Andrew Stuart appointed
    secretary
  6. 2016-06-30
    ➖
    DOWNS, Alan John resigned
    secretary
  7. 2016-06-07
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  8. 2016-05-26
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  9. 2016-04-11
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2016-01-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2015-10-19
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  12. 2015-10-19
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  13. 2015-10-12
    ➕
    MCGILL, Roger Andrew Stuart appointed
    director
  14. 2015-10-12
    ➖
    DOWNS, Alan John resigned
    director
  15. 2015-04-01
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2015-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2014-10-20
    📄
    change-person-director-company-with-change-date
    officers · CH01
  18. 2014-07-03
    📄
    appoint-person-director-company-with-name
    officers · AP01
  19. 2014-07-03
    📄
    termination-director-company-with-name
    officers · TM01
  20. 2014-07-03
    📄
    termination-director-company-with-name
    officers · TM01
  21. 2014-06-20
    ➕
    ROWAN, Hamish David appointed
    director
  22. 2014-06-20
    ➖
    ROWAN, Robert Michael resigned
    director
  23. 2014-05-14
    ➖
    STEEL, Robert Blyth resigned
    director
  24. 2014-03-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  25. 2014-02-06
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2013-01-07
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  27. 2012-12-20
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2012-03-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  29. 2012-03-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  30. 2011-04-04
    📄
    accounts-with-accounts-type-full
    accounts · AA
  31. 2011-01-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  32. 2011-01-23
    📄
    termination-director-company-with-name
    officers · TM01
  33. 2010-10-31
    ➖
    SCRYMGEOUR, David, Managing Director resigned
    director
  34. 2010-06-11
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  35. 2008-02-15
    ➕
    LOW, Robert William appointed
    director
  36. 2008-01-07
    ➕
    SCRYMGEOUR, David, Managing Director appointed
    director
  37. 2007-12-19
    🔓
    Charge satisfied #2
  38. 2007-08-28
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  39. 2005-04-22
    ➖
    DEMPSEY, James Duff resigned
    secretary
  40. 2005-04-22
    ➕
    DOWNS, Alan John appointed
    secretary
  41. 2001-07-01
    ➕
    DOWNS, Alan John appointed
    director
  42. 2001-07-01
    ➖
    FRASER, Kenneth William resigned
    director
  43. 2001-07-01
    ➕
    STEEL, Robert Blyth appointed
    director
  44. 1993-01-08
    ➖
    DALL, Andrew resigned
    director
  45. 1989-12-26
    ➖
    JOHNSTON, Bruce William Mclaren resigned
    director
  46. 1989-12-26
    ➖
    TOLLAND, Lindsay Cameron resigned
    director
  47. 1983-01-20
    🔒
    Charge registered #2
    Lender: The Governor and Company of the Bank of Scotland
  48. 1971-05-21
    🏢
    Company incorporated
    As HI-FLI BANNERS + FLAGS LTD.

Owner dependency

75/100
High — earn-out structure required

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

FACTORS
  • +Long-tenure founder: Senior director has been in place 18 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • secondary12+ year tenure: Director in role 18 years.
  • secondaryStable-but-static management: Company is 55 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

1 high ·
Company dissolved
high

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

Evidence: Dissolved on 2016-08-23

🔒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

8 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
Incorporated1971-05-21
Jurisdictionscotland
Primary SIC13200 — Weaving of textiles

Registered office

Marywell Works
Marywell Brae
Kirriemuir
Angus
DD8 4BJ

Filing status

Accounts
Next due: —
Last made up to: 2015-06-30
Confirmation statement
Next due: —
Last: —

Officers (0 active · 10 resigned)

MCGILL, Roger Andrew Stuart→
secretary · appointed 2016-07-01
View their other companies + combined net worth →
Active
LOW, Robert William→
director · ~69y · appointed 2008-02-15
View their other companies + combined net worth →
Active
MCGILL, Roger Andrew Stuart→
director · ~46y · appointed 2015-10-12
View their other companies + combined net worth →
Active
ROWAN, Hamish David→
director · ~42y · appointed 2014-06-20
View their other companies + combined net worth →
Active
DEMPSEY, James Duff→
secretary · resigned 2005-04-22
Resigned
DOWNS, Alan John→
secretary · appointed 2005-04-22 · resigned 2016-06-30
Resigned
DALL, Andrew→
director · ~96y · resigned 1993-01-08
Resigned
DOWNS, Alan John→
director · ~74y · appointed 2001-07-01 · resigned 2015-10-12
Resigned
FRASER, Kenneth William→
director · ~85y · resigned 2001-07-01
Resigned
JOHNSTON, Bruce William Mclaren→
director · ~87y · resigned 1989-12-26
Resigned
ROWAN, Robert Michael→
director · ~75y · resigned 2014-06-20
Resigned
SCRYMGEOUR, David, Managing Director→
director · ~80y · appointed 2008-01-07 · resigned 2010-10-31
Resigned
STEEL, Robert Blyth→
director · ~76y · appointed 2001-07-01 · resigned 2014-05-14
Resigned
TOLLAND, Lindsay Cameron→
director · ~84y · resigned 1989-12-26
Resigned

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

Mortgages & charges

2
Total charges
1
Outstanding
1
Active lenders
Status:Lender:2 of 2 shown
TypeProperties
outstanding
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property28/08/2007—
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property20/01/198319/12/2007
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (93 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-08-23
appoint-person-secretary-company-with-name-date
officers · AP03
2016-07-07
termination-secretary-company-with-name-termination-date
officers · TM02
2016-07-07
gazette-notice-voluntary
gazette · GAZ1(A)
2016-06-07
dissolution-application-strike-off-company
dissolution · DS01
2016-05-26
accounts-with-accounts-type-full
accounts · AA
2016-04-11
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2016-01-12
appoint-person-director-company-with-name-date
officers · AP01
2015-10-19
termination-director-company-with-name-termination-date
officers · TM01
2015-10-19
accounts-with-accounts-type-full
accounts · AA
2015-04-01
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-07
change-person-director-company-with-change-date
officers · CH01
2014-10-20
appoint-person-director-company-with-name
officers · AP01
2014-07-03
termination-director-company-with-name
officers · TM01
2014-07-03
termination-director-company-with-name
officers · TM01
2014-07-03