SMITHS SOFT DRINKS (STORNOWAY) LIMITED

⚰️Wound downdissolved
SC064503 · ltd · incorporated 1978-04-04
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 47.1y old — refinance window within 12 months
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
62/100
Worth a look
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What this business does
Primary activity: Buying and selling of own real estate
Sector: Real estate
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 62/100 (worth a look), bankability 80/100. Strong seller-intent signal (88/100, director aged 95). 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

4 live charges · 2 lenders · oldest 47.1y

70/100
ready

Refinance conversation should be productive — structure clean and timing right.

  • · Oldest live charge is 47.1 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 15/100 — clean.

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
10 officers (3 active, 10 linked, 6 with DOB)
82
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
13 connected companies via shared directors
84
Filing history
90 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
62/100Worth 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
80
Strong succession / seller-readiness signals.
Risk profile
59
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 (49 events)Click to expand
  1. 2016-02-02
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2016-02-02
    🏁
    Company dissolved
  3. 2015-11-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  4. 2015-10-16
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  5. 2015-10-05
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  6. 2014-12-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2014-12-16
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  8. 2014-02-04
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  9. 2014-01-03
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  10. 2012-12-31
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2012-12-14
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  12. 2012-03-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  13. 2011-12-29
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  14. 2011-03-14
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  15. 2011-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  16. 2011-03-14
    📄
    change-person-director-company-with-change-date
    officers · CH01
  17. 2011-03-14
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2011-01-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  19. 2010-10-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  20. 2010-06-11
    📄
    gazette-notice-compulsary
    gazette · GAZ1
  21. 2010-06-08
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  22. 2010-06-07
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2009-05-08
    📄
    legacy
    annual-return · 363a
  24. 2009-03-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2008-01-21
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2008-01-03
    📄
    legacy
    annual-return · 363a
  27. 2006-12-12
    ➕
    BOOTH, Andrew Philip appointed
    secretary
  28. 2006-12-12
    ➕
    BOOTH, Andrew Philip appointed
    director
  29. 2006-12-12
    ➕
    HAGGAS, John Brian appointed
    director
  30. 2006-12-12
    ➖
    BOYDSLAW (SECRETARIAL SERVICES) LIMITED resigned
    corporate-secretary
  31. 2006-12-12
    ➖
    MORRISON, Murdo resigned
    director
  32. 2001-03-18
    ➕
    MORRISON, Murdo appointed
    director
  33. 2001-03-18
    ➖
    BOYDSLAW (DIRECTORS) LIMITED resigned
    corporate-director
  34. 1998-07-14
    ➖
    MCMULDROCH, John James resigned
    director
  35. 1998-07-14
    ➕
    BOYDSLAW (DIRECTORS) LIMITED appointed
    corporate-director
  36. 1998-06-30
    ➖
    SMITH, Irene resigned
    secretary
  37. 1998-06-30
    ➕
    BOYDSLAW (SECRETARIAL SERVICES) LIMITED appointed
    corporate-secretary
  38. 1998-06-30
    ➕
    MCMULDROCH, John James appointed
    director
  39. 1998-06-30
    ➖
    SMITH, David Ian resigned
    director
  40. 1998-06-30
    ➖
    SMITH, Irene resigned
    director
  41. 1998-03-27
    🔓
    Charge satisfied #4
  42. 1998-03-27
    🔓
    Charge satisfied #3
  43. 1998-03-27
    🔓
    Charge satisfied #2
  44. 1998-03-27
    🔓
    Charge satisfied #1
  45. 1984-09-10
    🔒
    Charge registered #4
    Lender: The Governor and Company of the Bank of Scotland
  46. 1982-08-25
    🔒
    Charge registered #3
    Lender: The Governor and Company of the Bank of Scotland
  47. 1980-02-27
    🔒
    Charge registered #2
    Lender: Highlands and Islands Development Board
  48. 1979-05-09
    🔒
    Charge registered #1
    Lender: Highlands and Islands Development Board
  49. 1978-04-04
    🏢
    Company incorporated
    As SMITHS SOFT DRINKS (STORNOWAY) LIMITED

Owner dependency

83/100
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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 20 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 95 — succession pressure is live.

Succession & seller-readiness

89/100
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 95 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • secondary12+ year tenure: Director in role 20 years.
  • secondaryStable-but-static management: Company is 48 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 · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2016-02-02

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.

🔒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
Incorporated1978-04-04
Jurisdictionscotland
Primary SIC68100 — Buying and selling of own real estate

Registered office

C/O Kenneth Mackenzie Limited
Sandwick Road
Stornoway
HS1 2SJ

Filing status

Accounts
Next due: —
Last made up to: 2015-08-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 7 resigned)

BOOTH, Andrew Philip→
secretary · appointed 2006-12-12
View their other companies + combined net worth →
Active
BOOTH, Andrew Philip→
director · ~58y · appointed 2006-12-12
View their other companies + combined net worth →
Active
HAGGAS, John Brian→
director · ~95y · appointed 2006-12-12
View their other companies + combined net worth →
Active
SMITH, Irene→
secretary · resigned 1998-06-30
Resigned
BOYDSLAW (SECRETARIAL SERVICES) LIMITED→
corporate-secretary · appointed 1998-06-30 · resigned 2006-12-12
Resigned
MCMULDROCH, John James→
director · ~72y · appointed 1998-06-30 · resigned 1998-07-14
Resigned
MORRISON, Murdo→
director · ~96y · appointed 2001-03-18 · resigned 2006-12-12
Resigned
SMITH, David Ian→
director · ~82y · resigned 1998-06-30
Resigned
SMITH, Irene→
director · ~75y · resigned 1998-06-30
Resigned
BOYDSLAW (DIRECTORS) LIMITED→
corporate-director · appointed 1998-07-14 · resigned 2001-03-18
Resigned

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

Mortgages & charges

4
Total charges
0
Outstanding
0
Active lenders
Status:Lender:4 of 4 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property10/09/198427/03/1998
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property25/08/198227/03/1998
satisfied
Highlands and Islands Development Board
Standard security1 property27/02/198027/03/1998
satisfied
Highlands and Islands Development Board
Standard security1 property09/05/197927/03/1998

Recent filings (90 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2016-02-02
accounts-with-accounts-type-dormant
accounts · AA
2015-11-05
gazette-notice-voluntary
gazette · GAZ1(A)
2015-10-16
dissolution-application-strike-off-company
dissolution · DS01
2015-10-05
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-12-31
accounts-with-accounts-type-dormant
accounts · AA
2014-12-16
accounts-with-accounts-type-dormant
accounts · AA
2014-02-04
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-01-03
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-12-31
accounts-with-accounts-type-dormant
accounts · AA
2012-12-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2012-03-20
accounts-with-accounts-type-dormant
accounts · AA
2011-12-29
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-03-14
change-person-director-company-with-change-date
officers · CH01
2011-03-14
change-person-director-company-with-change-date
officers · CH01
2011-03-14