NF REALISATIONS LIMITED

⚰️Wound downdissolved
SC051443 · ltd · incorporated 1972-09-22
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
48/100
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What this business does
Primary activity: SIC 2971
Sector: Manufacturing
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 32/100. 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: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: asset disposal / carve-out (55/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

14 live charges · 6 lenders · oldest 52.2y

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 52.2 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Legal-friction score 70/100 (specialist).

Data confidence

Overall: low (46/100)

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
14 charges (14/14 with lender, 14/14 with type)
90
Directors & officers
10 officers (5 active, 10 linked, 6 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
Network not yet resolved
30
Filing history
114 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

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

Business quality
0
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
38
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 (59 events)Click to expand
  1. 2010-08-07
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2010-08-07
    🏁
    Company dissolved
  3. 2010-05-07
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  4. 2010-05-07
    ⚠️
    liquidation-in-administration-move-to-dissolution-scotland
    insolvency · 2.26B(Scot)
  5. 2010-05-07
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  6. 2010-03-16
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  7. 2009-08-21
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  8. 2009-07-02
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  9. 2009-01-26
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  10. 2009-01-26
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  11. 2008-07-07
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  12. 2008-05-30
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  13. 2008-04-21
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  14. 2008-01-17
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  15. 2007-06-08
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  16. 2007-05-21
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  17. 2007-01-05
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  18. 2006-07-05
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  19. 2006-06-16
    ⚠️
    liquidation-in-administration-extension-of-period-scotland
    insolvency · 2.22B(Scot)
  20. 2006-05-11
    ⚠️
    liquidation-in-administration-progress-report-scotland
    insolvency · 2.20B(Scot)
  21. 2005-09-14
    ✏️
    certificate-change-of-name-company
    change-of-name · CERTNM
  22. 2005-08-23
    ⚠️
    liquidation-in-administration-proposals-scotland
    insolvency · 2.16B(Scot)
  23. 2005-08-05
    📄
    legacy
    liquidation · 2.18B(Scot)
  24. 2005-07-25
    ⚠️
    liquidation-in-administration-proposals-scotland
    insolvency · 2.16B(Scot)
  25. 2005-07-14
    ⚠️
    liquidation-in-administration-proposals-scotland
    insolvency · 2.16B(Scot)
  26. 2005-07-05
    📍
    legacy
    address · 287
  27. 2004-05-19
    🔒
    Charge registered #21
    Lender: The Royal Bank of Scotland PLC
  28. 2004-05-10
    🔓
    Charge satisfied #4
  29. 2004-04-30
    🔒
    Charge registered #20
    Lender: Caithness and Sutherland Enterprise Company Limited
  30. 2004-04-26
    🔒
    Charge registered #19
    Lender: Caithness and Sutherland Enterprise Company Limited
  31. 2004-04-09
    ➕
    CASSIDY, Ian Hector Sidney appointed
    secretary
  32. 2004-04-09
    ➖
    MACKENZIE, Charles Angus resigned
    secretary
  33. 2004-04-09
    ➖
    MACKENZIE, Charles Angus resigned
    director
  34. 2003-07-09
    🔓
    Charge satisfied #3
  35. 2003-06-18
    🔒
    Charge registered #18
    Lender: Cattles Invoice Finance Limited
  36. 2003-03-13
    🔓
    Charge satisfied #10
  37. 2003-03-13
    🔓
    Charge satisfied #9
  38. 2003-03-13
    🔓
    Charge satisfied #6
  39. 2003-02-26
    🔓
    Charge satisfied #16
  40. 2003-02-26
    🔓
    Charge satisfied #5
  41. 2003-02-26
    🔓
    Charge satisfied #1
  42. 2001-07-05
    ➖
    CASSIDY, Ian Hector Sidney resigned
    secretary
  43. 2001-07-05
    ➕
    MACKENZIE, Charles Angus appointed
    secretary
  44. 2001-07-05
    ➕
    MACKENZIE, Charles Angus appointed
    director
  45. 2001-01-26
    ➕
    FULLER, Terence Arthur appointed
    director
  46. 1995-04-20
    ➖
    PEASLEY, Robert Henry resigned
    director
  47. 1992-02-07
    ➕
    PEASLEY, Robert Henry appointed
    director
  48. 1991-05-31
    ➖
    ORD, John Thomas resigned
    director
  49. 1988-05-11
    🔒
    Charge registered #17
    Lender: The Royal Bank of Scotland PLC
  50. 1988-05-11
    🔒
    Charge registered #16
    Lender: Highlands & Islands Development Board
Showing most recent 50 of 59 events

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
  • -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 88 — succession pressure is live.
  • +Family involvement: Multiple officers share a surname — likely family business, which concentrates governance.

Succession & seller-readiness

90/100
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 88 years old. Natural succession window is now.
  • primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 54 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 · 1 med · 1 low
Company dissolved
high

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

Evidence: Dissolved on 2010-08-07

22 insolvency-related filings on record
high

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

Evidence: 2010-08-07: gazette-dissolved-liquidation; 2010-05-07: liquidation-in-administration-progress-report-scotland

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.

6 live charges
low

Heavily leveraged with multiple live security positions — understand the capital structure before proceeding.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

11 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 →
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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
Incorporated1972-09-22
Jurisdictionscotland
Primary SIC2971 — SIC 2971

Registered office

191 West George Street
Glasgow
G2 2LJ

Filing status

Accounts
Next due: —
Last made up to: —
Confirmation statement
Next due: —
Last: —

Officers (0 active · 5 resigned)

CASSIDY, Ian Hector Sidney→
secretary · appointed 2004-04-09
View their other companies + combined net worth →
Active
CASSIDY, Ian Hector Sidney→
director · ~71y
View their other companies + combined net worth →
Active
FULLER, Terence Arthur→
director · ~88y · appointed 2001-01-26
View their other companies + combined net worth →
Active
GRANT, Alexander→
director · ~84y
View their other companies + combined net worth →
Active
GRANT, Barboura Patricia→
director · ~82y
View their other companies + combined net worth →
Active
CASSIDY, Ian Hector Sidney→
secretary · resigned 2001-07-05
Resigned
MACKENZIE, Charles Angus→
secretary · appointed 2001-07-05 · resigned 2004-04-09
Resigned
MACKENZIE, Charles Angus→
director · ~75y · appointed 2001-07-05 · resigned 2004-04-09
Resigned
ORD, John Thomas→
director · resigned 1991-05-31
Resigned
PEASLEY, Robert Henry→
director · ~78y · appointed 1992-02-07 · resigned 1995-04-20
Resigned

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

Mortgages & charges

14
Total charges
6
Outstanding
3
Active lenders
Status:Lender:14 of 14 shown
TypeProperties
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property19/05/2004—
outstanding
Caithness and Sutherland Enterprise Company
Caithness and Sutherland Enterprise Company Limited
Standard security1 property30/04/2004—
outstanding
Caithness and Sutherland Enterprise Company
Caithness and Sutherland Enterprise Company Limited
Floating charge1 property26/04/2004—
outstanding
Cattles Invoice Finance
Cattles Invoice Finance Limited
Floating charge1 property18/06/2003—
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property11/05/1988—
satisfied
Highlands & Islands Development Board
Standard security1 property11/05/198826/02/2003
satisfied
Highlands and Islands Development Board
Instrument of charge1 property24/07/198013/03/2003
satisfied
Highlands and Islands Development Board
Instrument of charge1 property19/02/197913/03/2003
satisfied
Highlands and Islands Development Board
Instrument of charge1 property04/08/197713/03/2003
satisfied
Highlands and Islands Development Board
Standard security1 property04/08/197726/02/2003
satisfied
Lloyds Banking Group
The Royal Bank of Scotland PLC
Standard security1 property18/11/197410/05/2004
outstanding
Lloyds Banking Group
The Royal Bank of Scotland PLC
Bond & floating charge1 property30/09/1974—
satisfied
Highland and Islands Development Board Bridge House, Bank Street, Inverness
Charge1 property20/09/197409/07/2003
satisfied
Highlands & Islands Development Board
Standard security1 property14/03/197426/02/2003
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (114 total)

gazette-dissolved-liquidation
gazette · GAZ2
2010-08-07
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2010-05-07
liquidation-in-administration-move-to-dissolution-scotland
insolvency · 2.26B(Scot)
2010-05-07
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2010-05-07
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2010-03-16
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2009-08-21
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-07-02
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2009-01-26
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2009-01-26
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2008-07-07
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2008-05-30
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2008-04-21
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2008-01-17
liquidation-in-administration-extension-of-period-scotland
insolvency · 2.22B(Scot)
2007-06-08
liquidation-in-administration-progress-report-scotland
insolvency · 2.20B(Scot)
2007-05-21