SECURITY DESIGN ASSOCIATES (1979) LIMITED
⚰️Wound downdissolved
SC069292 · ltd · incorporated 1979-09-06
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
54/100
Worth a look
What this business does
Primary activity: SIC 99999
Sector: Extraterritorial bodies
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 54/100 (worth a look), bankability 72/100. Strong seller-intent signal (60/100, director aged 58). Biggest value-creation lever: Consolidate lender relationships. 4 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (73/100).
🏦
Refinance opportunity
7 live charges · 4 lenders · oldest 40.5y
35/100
too messy
Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.
- · Oldest live charge is 40.5 years old — likely at or near maturity.
- · 4 lenders named — inter-creditor friction likely.
- · Legal-friction score 30/100 — workable, but lender will want more DD.
Data confidence
Overall: medium (59/100)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
7 charges (7/7 with lender, 7/7 with type)
90
Directors & officers
26 officers (2 active, 26 linked, 18 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
8 connected companies via shared directors
69
Filing history
162 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
54/100Worth 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
70
Strong succession / seller-readiness signals.
Risk profile
41
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 (83 events)Click to expand
- 2020-11-24📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2020-11-24🏁Company dissolved
- 2020-09-08📄gazette-notice-voluntarygazette · GAZ1(A)
- 2020-09-01📄dissolution-application-strike-off-companydissolution · DS01
- 2020-08-26📄accounts-with-accounts-type-dormantaccounts · AA
- 2020-07-08📄capital-statement-capital-company-with-date-currency-figurecapital · SH19
- 2020-06-09📄legacycapital · SH20
- 2020-06-09⚠️legacyinsolvency · CAP-SS
- 2020-06-09📄resolutionresolution · RESOLUTIONS
- 2020-01-10📄appoint-person-director-company-with-name-dateofficers · AP01
- 2020-01-10📄termination-director-company-with-name-termination-dateofficers · TM01
- 2020-01-08📄change-person-director-company-with-change-dateofficers · CH01
- 2020-01-08📄change-person-secretary-company-with-change-dateofficers · CH03
- 2020-01-06➕BEDFORD, David Michael appointeddirector
- 2020-01-06➖LARNDER, Amanda Louise resigneddirector
- 2019-10-21📄mortgage-satisfy-charge-fullmortgage · MR04
- 2019-10-21🔓Charge satisfied #3
- 2019-05-23📄accounts-with-accounts-type-dormantaccounts · AA
- 2019-05-02📍change-registered-office-address-company-with-date-old-address-new-addressaddress · AD01
- 2019-04-24📄appoint-person-director-company-with-name-dateofficers · AP01
- 2019-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-04-24📄termination-director-company-with-name-termination-dateofficers · TM01
- 2019-04-18➖BESWICK, Simon resigneddirector
- 2019-04-18➖GOODWIN, Mark Gerald resigneddirector
- 2019-04-18➕LARNDER, Amanda Louise appointeddirector
- 2019-03-04➕STEWART, Claire Susan appointedsecretary
- 2019-03-04➖BESWICK, Simon resignedsecretary
- 2019-03-04📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2019-03-04📄termination-secretary-company-with-name-termination-dateofficers · TM02
- 2018-12-03📄appoint-person-director-company-with-name-dateofficers · AP01
- 2018-12-03📄appoint-person-secretary-company-with-name-dateofficers · AP03
- 2018-12-03📄termination-director-company-with-name-termination-dateofficers · TM01
- 2018-11-30➕BESWICK, Simon appointedsecretary
- 2018-11-30➖STILWELL, Michael James resignedsecretary
- 2018-11-30➕BESWICK, Simon appointeddirector
- 2018-11-30➖STILWELL, Michael James resigneddirector
- 2018-04-06➖BRIERLEY, Richard Paul resignedsecretary
- 2018-04-06➕STILWELL, Michael James appointedsecretary
- 2018-04-06➖BRIERLEY, Richard Paul resigneddirector
- 2018-04-06➕GOODWIN, Mark Gerald appointeddirector
- 2016-06-17➕BRIERLEY, Richard Paul appointedsecretary
- 2016-06-17➕BRIERLEY, Richard Paul appointeddirector
- 2016-05-11➖POULTNEY, Nigel Charles resignedsecretary
- 2016-05-11➖POULTNEY, Nigel Charles resigneddirector
- 2015-01-31➖SHEPHERD, John, Mr. resigneddirector
- 2015-01-31➕STILWELL, Michael James appointeddirector
- 2010-05-06➕SHEPHERD, John, Mr. appointeddirector
- 2010-05-06➖SINGLETON, Russell Craig resigneddirector
- 2007-03-02🔓Charge satisfied #8
- 2006-05-26➖KIRTLAND, John Philip resigneddirector
Showing most recent 50 of 83 events
Owner dependency
83/100
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
- +Sole director: Only one active director — all governance concentrated on one person.
- +Senior director age: Director aged approximately 58 — approaching natural succession window.
Succession & seller-readiness
65/100
Strong succession signalMultiple signals suggest succession is on the horizon. Candidate for proactive outreach.
SIGNALS
- secondaryFounder aged 58+: Senior director is approximately 58. Early succession window.
- primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
- secondaryStable-but-static management: Company is 47 years old and no new directors in the last 3 years — succession not yet being planned internally.
Red flags
2 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2020-11-24
1 insolvency-related filing on record
highFilings relating to insolvency, liquidation, or administration exist in the company's history. Review before proceeding.
Evidence: 2020-06-09: legacy
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
Group structure
Protec Plc is the ultimate parent — holding 75%+ shares. This company sits inside their group.
🏛️ultimate parent
Protec Plc
Corporate parent · holds 75-100% shares · board control
⬇
SECURITY DESIGN ASSOCIATES (1979) LIMITED
This company · SC069292
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%| Name | Shares | Voting rights | Nature of control | Notified |
|---|---|---|---|---|
Protec Plc Corporate entity | 75–100% | 75–100% | board controlsig. influence75-100% shares · 75-100% voting · board control · significant influence · firm interest | 06/04/2016 |
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 →Similar companies
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|---|---|---|---|---|---|---|---|
| CARBETH HUTTERS COMMUNITY COMPANY→ SC342792 · est 2008 | — | — | — | 0 | 18y | 83 | 78y |
| CHUNG WAH TAO TAK TONG CHARITY COMPANY LIMITED→ SC192812 · est 1999 | — | — | — | 0 | 27y | 83 | 79y |
| EMPLOYERS IN VOLUNTARY HOUSING LIMITED→ SC184547 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 85y |
| ERGOMAN LIMITED→ SC191098 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 73y |
| GLENACRE MANAGEMENT LIMITED→ SC172787 · est 1997 · no financials extracted | — | — | — | — | 29y | 83 | 73y |
| HORSESHOE HOTELS LIMITED→ SC187861 · est 1998 · no financials extracted | — | — | — | — | 27y | 83 | 70y |
| KADAMPA MEDITATION CENTRE GLASGOW→ SC198732 · est 1999 · no financials extracted | — | — | — | — | 26y | 83 | 76y |
| KILMARONOCK MILLENNIUM ASSOCIATION→ SC184392 · est 1998 · no financials extracted | — | — | — | — | 28y | 83 | 86y |
| OLDPL1 LTD→ SC225047 · est 2001 | — | — | £99.1k | — | 24y | 83 | 63y |
| OLDPL2 LTD→ SC174456 · est 1997 | — | — | £52.7k | — | 29y | 83 | 63y |
| PETER BROWN LIMITED→ SC066531 · est 1978 | — | — | £225 | — | 47y | 83 | 91y |
| SARTI (GLASGOW) LIMITED→ SC151744 · est 1994 | — | — | £3 | — | 31y | 83 | 64y |
Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
9 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
Incorporated1979-09-06
Jurisdictionscotland
Primary SIC99999 — SIC 99999
Registered office
272 Bath Street
Glasgow
G2 4JR
Scotland
Filing status
Accounts
Next due: —
Last made up to: 2019-11-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 24 resigned)
STEWART, Claire Susan→
Activesecretary · appointed 2019-03-04
View their other companies + combined net worth →
BEDFORD, David Michael→
Activedirector · ~58y · appointed 2020-01-06
View their other companies + combined net worth →
BESWICK, Simon→
Resignedsecretary · appointed 2018-11-30 · resigned 2019-03-04
BRIERLEY, Richard Paul→
Resignedsecretary · appointed 2016-06-17 · resigned 2018-04-06
GERAGHTY, Paul Kevin Ian→
Resignedsecretary · appointed 2002-11-01 · resigned 2005-12-15
HISCOCK, Bruce Edward Heath→
Resignedsecretary · appointed 2001-03-09 · resigned 2002-11-01
POULTNEY, Nigel Charles→
Resignedsecretary · appointed 2005-12-15 · resigned 2016-05-11
STILWELL, Michael James→
Resignedsecretary · appointed 2018-04-06 · resigned 2018-11-30
WESTCOTT, Angela→
Resignedsecretary · resigned 2001-03-09
BESWICK, Simon→
Resigneddirector · ~62y · appointed 2018-11-30 · resigned 2019-04-18
BRIERLEY, Richard Paul→
Resigneddirector · ~50y · appointed 2016-06-17 · resigned 2018-04-06
CHITTENDEN, Keith Alan→
Resigneddirector · ~92y · resigned 1992-03-16
GERAGHTY, Paul Kevin Ian→
Resigneddirector · ~66y · appointed 2002-11-01 · resigned 2006-03-15
GOODWIN, Mark Gerald→
Resigneddirector · ~54y · appointed 2018-04-06 · resigned 2019-04-18
HISCOCK, Bruce Edward Heath→
Resigneddirector · ~68y · appointed 2001-03-09 · resigned 2005-05-31
KIRTLAND, John Philip→
Resigneddirector · ~65y · appointed 2002-12-10 · resigned 2006-05-26
LARNDER, Amanda Louise→
Resigneddirector · ~46y · appointed 2019-04-18 · resigned 2020-01-06
MOIR, William John Wallace→
Resigneddirector · ~88y · resigned 2002-11-01
POULTNEY, Nigel Charles→
Resigneddirector · ~69y · appointed 2005-12-15 · resigned 2016-05-11
ROGERS, Victor Joseph→
Resigneddirector · ~85y · resigned 2003-03-31
Click a director name to see their full track record across all companies.
Mortgages & charges
7
Total charges
0
Outstanding
0
Active lenders
Status:Lender:7 of 7 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | Floating charge | 1 property | 17/02/2003 | 02/03/2007 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Charge over cash deposit | 1 property | 26/03/2002 | 14/10/2004 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 3 properties | 12/03/2001 | 18/05/2005 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland | Floating charge | 1 property | 12/03/2001 | 14/10/2004 | |
| satisfied | Montgomery Property Investments Montgomery Property Investments Limited | Rent deposit deed | 1 property | 10/12/1996 | 21/10/2019 | |
| satisfied | Barclays Barclays Bank PLC | Floating charge | 1 property | 12/09/1990 | 24/03/2001 | |
| satisfied | Barclays Barclays Bank PLC | Letter of charge | 1 property | 06/01/1986 | 24/03/2001 |
Recent filings (162 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2020-11-24
gazette-notice-voluntary
gazette · GAZ1(A)
2020-09-08
dissolution-application-strike-off-company
dissolution · DS01
2020-09-01
accounts-with-accounts-type-dormant
accounts · AA
2020-08-26
capital-statement-capital-company-with-date-currency-figure
capital · SH19
2020-07-08
legacy
capital · SH20
2020-06-09
legacy
insolvency · CAP-SS
2020-06-09
resolution
resolution · RESOLUTIONS
2020-06-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-02-05
appoint-person-director-company-with-name-date
officers · AP01
2020-01-10
termination-director-company-with-name-termination-date
officers · TM01
2020-01-10
change-person-director-company-with-change-date
officers · CH01
2020-01-08
change-person-secretary-company-with-change-date
officers · CH03
2020-01-08
mortgage-satisfy-charge-full
mortgage · MR04
2019-10-21
accounts-with-accounts-type-dormant
accounts · AA
2019-05-23