DAVID BAND (METALS) LIMITED

⚰️Wound downdissolved
SC058792 · ltd · incorporated 1975-10-16
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
53/100
Worth a look
🔔
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What this business does
Primary activity: SIC 46770
Sector: Wholesale & retail
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 50/100. Strong seller-intent signal (78/100, director aged 78). 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 (58/100). Current lenders should be on monthly review.

🏦

Refinance opportunity

2 live charges · 2 lenders · oldest 49.2y

40/100
too messy

Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.

  • · Oldest live charge is 49.2 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 45/100 (high).

Data confidence

Overall: medium (57/100)

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
8 officers (2 active, 8 linked, 5 with DOB)
83
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
3 connected companies via shared directors
54
Filing history
103 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 (33 events)Click to expand
  1. 2025-10-07
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2025-10-07
    🏁
    Company dissolved
  3. 2025-07-07
    ⚠️
    liquidation-voluntary-members-return-of-final-meeting-scotland
    insolvency · LIQ13(Scot)
  4. 2023-10-27
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2023-10-17
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2022-10-31
    📄
    change-account-reference-date-company-previous-shortened
    accounts · AA01
  7. 2021-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  8. 2021-09-30
    📄
    resolution
    resolution · RESOLUTIONS
  9. 2021-01-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  10. 2019-10-25
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2018-10-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  12. 2018-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2018-02-22
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  14. 2018-02-22
    🔓
    Charge satisfied #2
  15. 2016-10-19
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  16. 2016-01-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2015-10-27
    📄
    accounts-with-accounts-type-total-exemption-small
    accounts · AA
  18. 2015-04-09
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  19. 2015-04-09
    📄
    termination-secretary-company-with-name-termination-date
    officers · TM02
  20. 2015-02-01
    CALDOW, Karen appointed
    secretary
  21. 2015-02-01
    LANG, Isabella Shepherd resigned
    secretary
  22. 2015-01-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  23. 2006-03-31
    LANG, Isabella Shepherd appointed
    secretary
  24. 2006-03-31
    MCGILL, Helen Joan resigned
    secretary
  25. 2006-03-31
    MARSHALL, Jean Donna resigned
    director
  26. 2000-05-16
    SMITH, Donald resigned
    director
  27. 1998-09-30
    BAND, Gordon Cameron resigned
    director
  28. 1994-09-21
    LOCHRIE, Andrew resigned
    director
  29. 1992-03-23
    🔒
    Charge registered #2
    Lender: D.S. (Lauderdale Properties) LTD
  30. 1990-11-07
    MCGILL, Helen Joan appointed
    director
  31. 1990-11-07
    MARSHALL, Jean Donna appointed
    director
  32. 1977-03-18
    🔒
    Charge registered #1
    Lender: Donald Smith & Son (Metals) LTD
  33. 1975-10-16
    🏢
    Company incorporated
    As DAVID BAND (METALS) LIMITED

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 36 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 78 — succession pressure is live.

Succession & seller-readiness

100/100
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 78 years old. Natural succession window is now.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 36 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 51 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 2025-10-07

2 insolvency-related filings on record
high

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

Evidence: 2025-10-07: gazette-dissolved-liquidation; 2025-07-07: liquidation-voluntary-members-return-of-final-meeting-scotland

Group structure

Donald Smith And Son (Metals) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Donald Smith And Son (Metals) Limited
Corporate parent · holds 75-100% shares
ultimate parent
DAVID BAND (METALS) LIMITED
This company · SC058792

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%
NameSharesVoting rightsNature of controlNotified
Donald Smith And Son (Metals) Limited
Corporate entity
75100%
75–100%75-100% shares · 75-100% voting06/04/2016

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 →

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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 →
🔒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.

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Company details

Statusdissolved
Typeltd
Incorporated1975-10-16
Jurisdictionscotland
Primary SIC46770 — SIC 46770

Registered office

C/O 10th Floor
Finnieston Street
Glasgow
G3 8HB

Filing status

Accounts
Next due:
Last made up to: 2021-01-31
Confirmation statement
Next due:
Last: 2023-01-31

Officers (0 active · 6 resigned)

CALDOW, Karen
secretary · appointed 2015-02-01
View their other companies + combined net worth →
Active
MCGILL, Helen Joan
director · ~78y · appointed 1990-11-07
View their other companies + combined net worth →
Active
LANG, Isabella Shepherd
secretary · appointed 2006-03-31 · resigned 2015-02-01
Resigned
MCGILL, Helen Joan
secretary · resigned 2006-03-31
Resigned
BAND, Gordon Cameron
director · ~87y · resigned 1998-09-30
Resigned
LOCHRIE, Andrew
director · ~93y · resigned 1994-09-21
Resigned
MARSHALL, Jean Donna
director · ~68y · appointed 1990-11-07 · resigned 2006-03-31
Resigned
SMITH, Donald
director · ~88y · resigned 2000-05-16
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
satisfied
D.S. (Lauderdale Properties)
D.S. (Lauderdale Properties) LTD
Standard security1 property23/03/199222/02/2018
outstanding
Donald Smith & Son (Metals)
Donald Smith & Son (Metals) LTD
Floating charge1 property18/03/1977
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (103 total)

gazette-dissolved-liquidation
gazette · GAZ2
2025-10-07
liquidation-voluntary-members-return-of-final-meeting-scotland
insolvency · LIQ13(Scot)
2025-07-07
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2023-10-27
resolution
resolution · RESOLUTIONS
2023-10-17
confirmation-statement-with-no-updates
confirmation-statement · CS01
2023-02-01
change-account-reference-date-company-previous-shortened
accounts · AA01
2022-10-31
confirmation-statement-with-no-updates
confirmation-statement · CS01
2022-02-08
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-10-25
resolution
resolution · RESOLUTIONS
2021-09-30
confirmation-statement-with-no-updates
confirmation-statement · CS01
2021-02-01
accounts-with-accounts-type-total-exemption-full
accounts · AA
2021-01-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-02
accounts-with-accounts-type-total-exemption-full
accounts · AA
2019-10-25
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-01-31
accounts-with-accounts-type-total-exemption-full
accounts · AA
2018-10-30