ROSS, MACFADYEN (IONA) LIMITED
⚰️Wound downdissolved
SC051675 · ltd · incorporated 1972-10-30
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 35.8y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
What this business does
Primary activity: SIC 5510
Sector: Accommodation & food service
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 53/100 (worth a look), bankability 55/100. 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: 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 (50/100). Current lenders should be on monthly review.
🏦
Refinance opportunity
1 live charge · oldest 35.8y
55/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 35.8 years old — likely at or near maturity.
- · Single lender — cleanest path to refinance.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (53/100)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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
10 officers (4 active, 10 linked, 7 with DOB)
84
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
19 connected companies via shared directors
90
Filing history
74 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 (41 events)Click to expand
- 2014-05-23📄gazette-dissolved-compulsarygazette · GAZ2
- 2014-05-23🏁Company dissolved
- 2014-01-31📄gazette-notice-compulsarygazette · GAZ1
- 2013-10-02⚠️liquidation-receiver-ceasing-to-act-scotlandinsolvency · 3(Scot)
- 2010-12-09⚠️liquidation-receiver-appointment-of-receiver-scotlandinsolvency · 1(Scot)
- 2010-12-01⚠️liquidation-receiver-receivers-report-scotlandinsolvency · 3.5(Scot)
- 2010-10-18📍change-registered-office-address-company-with-date-old-addressaddress · AD01
- 2010-09-23⚠️liquidation-receiver-appointment-of-receiver-scotlandinsolvency · 1(Scot)
- 2010-04-12📄appoint-person-director-company-with-nameofficers · AP01
- 2010-03-31📄termination-secretary-company-with-nameofficers · TM02
- 2010-03-31📄termination-director-company-with-nameofficers · TM01
- 2010-03-26➖BROWN, John William resignedsecretary
- 2010-03-26➖BROWN, John William resigneddirector
- 2010-03-01➕KELLY, Mary appointeddirector
- 2010-01-07📄appoint-person-director-company-with-nameofficers · AP01
- 2010-01-01➕TURNER, Jonathan Francis Andrew appointeddirector
- 2009-12-21📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2008-12-17📄legacyannual-return · 363a
- 2008-11-24📄accounts-with-accounts-type-fullaccounts · AA
- 2007-12-27📄legacyannual-return · 363a
- 2007-11-16📄accounts-with-accounts-type-fullaccounts · AA
- 2007-01-26📄legacyofficers · 288b
- 2007-01-25➖CAMPBELL, Alistair Ramsay resigneddirector
- 2006-12-22📄legacyannual-return · 363s
- 2006-09-15📄accounts-with-accounts-type-fullaccounts · AA
- 2006-01-09📄legacyannual-return · 363s
- 2005-07-22📄accounts-with-accounts-type-fullaccounts · AA
- 2005-01-05📄legacyannual-return · 363s
- 2004-09-22📄accounts-with-accounts-type-fullaccounts · AA
- 2003-12-19📄legacyannual-return · 363s
- 2003-11-12📄accounts-with-accounts-type-fullaccounts · AA
- 2000-07-31➕CAMPBELL, Alistair Ramsay appointeddirector
- 2000-01-24➖WHILLIS, Selby Carter resigneddirector
- 1998-08-07➕BROWN, John William appointedsecretary
- 1998-08-07➖WHILLIS, Selby Carter resignedsecretary
- 1993-04-05➕BROWN, John William appointeddirector
- 1991-01-31➕WHILLIS, Selby Carter appointeddirector
- 1990-07-23🔒Charge registered #1Lender: The Governor and Company of the Bank of Scotland
- 1989-06-26➕ROSS, Elliot Wallace appointeddirector
- 1989-06-26➖MACFADYEN, Donald resigneddirector
- 1972-10-30🏢Company incorporatedAs ROSS, MACFADYEN (IONA) LIMITED
Owner dependency
88/100
Critical — business is the founderThe business appears inseparable from the founder. Acquisition without a serious earn-out or meaningful transition period would likely destroy value.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Founder name in company name: Company name contains director surname "ROSS" — strong identity link between founder and business.
- +Long-tenure founder: Senior director has been in place 37 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 90 — 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 candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 70+: Senior director is approximately 90 years old. Natural succession window is now.
- primary20+ year tenure: Director in role 37 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 ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2014-05-23
4 insolvency-related filings on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2013-10-02: liquidation-receiver-ceasing-to-act-scotland; 2010-12-09: liquidation-receiver-appointment-of-receiver-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.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
10 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
Incorporated1972-10-30
Jurisdictionscotland
Primary SIC5510 — SIC 5510
Registered office
4 Atlantic Quay, 70 York Street
Glasgow
G2 8JX
Filing status
Accounts
Next due: —
Last made up to: 2008-01-27
Confirmation statement
Next due: —
Last: —
Officers (0 active · 6 resigned)
Active
ROSS, Elliot Wallace→
Activedirector · ~90y · appointed 1989-06-26
View their other companies + combined net worth →
Active
TURNER, Jonathan Francis Andrew→
Activedirector · ~49y · appointed 2010-01-01
View their other companies + combined net worth →
BROWN, John William→
Resignedsecretary · appointed 1998-08-07 · resigned 2010-03-26
WHILLIS, Selby Carter→
Resignedsecretary · resigned 1998-08-07
BROWN, John William→
Resigneddirector · ~82y · appointed 1993-04-05 · resigned 2010-03-26
CAMPBELL, Alistair Ramsay→
Resigneddirector · ~75y · appointed 2000-07-31 · resigned 2007-01-25
MACFADYEN, Donald→
Resigneddirector · resigned 1989-06-26
WHILLIS, Selby Carter→
Resigneddirector · ~97y · appointed 1991-01-31 · resigned 2000-01-24
Click a director name to see their full track record across all companies.
Mortgages & charges
1
Total charges
1
Outstanding
1
Active lenders
Status:Lender:1 of 1 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| outstanding | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Bond & floating charge | 1 property | 23/07/1990 | — |
Click column headers to sort. Use filters above to narrow by status and lender.
Recent filings (74 total)
gazette-dissolved-compulsary
gazette · GAZ2
2014-05-23
gazette-notice-compulsary
gazette · GAZ1
2014-01-31
liquidation-receiver-ceasing-to-act-scotland
insolvency · 3(Scot)
2013-10-02
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2010-12-09
liquidation-receiver-receivers-report-scotland
insolvency · 3.5(Scot)
2010-12-01
change-registered-office-address-company-with-date-old-address
address · AD01
2010-10-18
liquidation-receiver-appointment-of-receiver-scotland
insolvency · 1(Scot)
2010-09-23
appoint-person-director-company-with-name
officers · AP01
2010-04-12
termination-secretary-company-with-name
officers · TM02
2010-03-31
termination-director-company-with-name
officers · TM01
2010-03-31
appoint-person-director-company-with-name
officers · AP01
2010-01-07
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-12-21
legacy
annual-return · 363a
2008-12-17
accounts-with-accounts-type-full
accounts · AA
2008-11-24
legacy
annual-return · 363a
2007-12-27