O.I.L. ENGINEERING LIMITED

⚰️Wound downdissolved
SC072717 · ltd · incorporated 1980-10-03
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
59/100
Worth a look
🔔
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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 59/100 (worth a look), bankability 62/100. Strong seller-intent signal (60/100, director aged 62). 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

8 live charges · 4 lenders · oldest 28.2y

35/100
too messy

Refinance path is blocked by complexity. Rethink structure or expect bespoke, expensive terms.

  • · Oldest live charge is 28.2 years old — likely at or near maturity.
  • · 4 lenders named — inter-creditor friction likely.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (60/100)

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
8 charges (8/8 with lender, 8/8 with type)
90
Directors & officers
38 officers (2 active, 38 linked, 28 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
10 connected companies via shared directors
75
Filing history
204 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
59/100Worth 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
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 (106 events)Click to expand
  1. 2021-07-13
    📄
    gazette-dissolved-voluntary
    gazette · GAZ2(A)
  2. 2021-07-13
    🏁
    Company dissolved
  3. 2021-04-27
    📄
    gazette-notice-voluntary
    gazette · GAZ1(A)
  4. 2021-04-19
    📄
    dissolution-application-strike-off-company
    dissolution · DS01
  5. 2021-04-14
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  6. 2021-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2021-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  8. 2021-03-31
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2021-03-26
    ➖
    HAMILTON, William resigned
    director
  10. 2021-03-26
    ➖
    MACGREGOR, Roderick James resigned
    director
  11. 2021-03-26
    ➖
    MASSON, David resigned
    director
  12. 2021-03-26
    ➖
    WILLOX, Terence David resigned
    director
  13. 2020-10-23
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC05
  14. 2020-01-09
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  15. 2018-12-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  16. 2018-01-05
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  17. 2017-10-23
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  18. 2017-10-23
    📄
    change-person-director-company-with-change-date
    officers · CH01
  19. 2017-01-27
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  20. 2016-06-28
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  21. 2016-01-21
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  22. 2015-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  23. 2015-06-29
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  24. 2014-12-23
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  25. 2014-06-30
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  26. 2014-01-10
    📄
    accounts-with-accounts-type-dormant
    accounts · AA
  27. 2012-09-27
    ➕
    MACDONALD, James Donald appointed
    secretary
  28. 2012-09-27
    ➖
    MAIR, Alexander Bruce resigned
    secretary
  29. 2012-09-27
    ➖
    MAIR, Alexander Bruce resigned
    director
  30. 2012-03-23
    ➕
    MACDONALD, James Donald appointed
    director
  31. 2010-05-20
    🔓
    Charge satisfied #6
  32. 2010-05-19
    🔓
    Charge satisfied #5
  33. 2010-03-27
    🔓
    Charge satisfied #7
  34. 2010-03-08
    ➕
    MAIR, Alexander Bruce appointed
    secretary
  35. 2010-03-08
    ➖
    RAEBURN CHRISTIE CLARK & WALLACE resigned
    corporate-secretary
  36. 2010-03-08
    ➕
    HAMILTON, William appointed
    director
  37. 2010-03-08
    ➕
    MACGREGOR, Roderick James appointed
    director
  38. 2010-03-08
    ➕
    MAIR, Alexander Bruce appointed
    director
  39. 2010-03-08
    🔒
    Charge registered #8
    Lender: Bank of Scotland PLC
  40. 2009-12-31
    ➖
    MCGEEHAN, Christopher resigned
    director
  41. 2009-11-30
    ➖
    BURGESS, John Graham resigned
    director
  42. 2009-11-30
    ➖
    COWIE, Julie Elizabeth resigned
    director
  43. 2009-11-04
    ➖
    GILL, Bruce William resigned
    director
  44. 2009-05-15
    ➖
    FELTER, Peter Gjedboe, Dr resigned
    director
  45. 2008-05-01
    ➕
    COWIE, Julie Elizabeth appointed
    director
  46. 2007-01-24
    🔒
    Charge registered #7
    Lender: Merrill Lynch International
  47. 2007-01-24
    🔓
    Charge satisfied #4
  48. 2007-01-24
    🔓
    Charge satisfied #3
  49. 2007-01-19
    🔒
    Charge registered #6
    Lender: Merrill Lynch International
  50. 2007-01-18
    🔒
    Charge registered #5
    Lender: Merrill Lynch International
Showing most recent 50 of 106 events

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
  • +Sole director: Only one active director — all governance concentrated on one person.
  • +Senior director age: Director aged approximately 62 — approaching natural succession window.

Succession & seller-readiness

78/100
Likely off-market candidate

Strong acquirability signals converging. Worth approaching directly — this is how off-market deals start.

SIGNALS
  • secondaryFounder aged 58+: Senior director is approximately 62. Early succession window.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • secondary12+ year tenure: Director in role 14 years.
  • secondaryStable-but-static management: Company is 46 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 2021-07-13

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.

Group structure

Geg Capital (Howe Moss) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Geg Capital (Howe Moss) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
O.I.L. ENGINEERING LIMITED
This company · SC072717

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
Geg Capital (Howe Moss) Limited
Corporate entity
75–100%
75–100%board control75-100% shares · 75-100% voting · board control06/04/2016

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

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
Incorporated1980-10-03
Jurisdictionscotland
Primary SIC99999 — SIC 99999

Registered office

13 Henderson Road
Inverness
IV1 1SN
Scotland

Filing status

Accounts
Next due: —
Last made up to: 2019-03-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 36 resigned)

MACDONALD, James Donald→
secretary · appointed 2012-09-27
View their other companies + combined net worth →
Active
MACDONALD, James Donald→
director · ~62y · appointed 2012-03-23
View their other companies + combined net worth →
Active
GOLDBLATT, Michael Lee→
secretary · appointed 1997-05-16 · resigned 1998-02-18
Resigned
HART, Richard→
secretary · appointed 1997-10-23 · resigned 1998-02-18
Resigned
LABORDE, Cliffe Floyd→
secretary · appointed 1997-05-16 · resigned 1998-02-18
Resigned
MAIR, Alexander Bruce→
secretary · appointed 2010-03-08 · resigned 2012-09-27
Resigned
RICKETTS, John Anthony→
secretary · resigned 1997-05-16
Resigned
WALLS, Kenneth Charles→
secretary · appointed 1990-10-22 · resigned 1991-06-01
Resigned
WILLOX, Terence David→
secretary · appointed 1998-04-30 · resigned 2006-02-17
Resigned
PAULL & WILLIAMSONS→
corporate-secretary · appointed 1998-02-18 · resigned 1998-04-30
Resigned
RAEBURN CHRISTIE CLARK & WALLACE→
corporate-secretary · appointed 2006-02-17 · resigned 2010-03-08
Resigned
BARTON, Derek John→
director · ~81y · resigned 1993-03-31
Resigned
BUCHAN, William Jamie→
director · ~67y · appointed 1996-06-12 · resigned 1997-05-16
Resigned
BURGESS, John Graham→
director · ~73y · appointed 2006-02-17 · resigned 2009-11-30
Resigned
COWIE, Julie Elizabeth→
director · ~58y · appointed 2008-05-01 · resigned 2009-11-30
Resigned
CURRENCE, Richard Morrison→
director · ~88y · appointed 1997-05-16 · resigned 1998-02-18
Resigned
DICK, Stephen Wallace→
director · ~77y · appointed 1997-05-16 · resigned 1998-02-18
Resigned
EDWARDS, David Kendrick→
director · ~68y · appointed 1996-06-12 · resigned 1997-05-16
Resigned
FELTER, Peter Gjedboe, Dr→
director · ~77y · appointed 2006-02-17 · resigned 2009-05-15
Resigned
GIBBARD, Michael John→
director · ~77y · appointed 1996-06-12 · resigned 1997-05-16
Resigned

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

Mortgages & charges

8
Total charges
1
Outstanding
1
Active lenders
Status:Lender:8 of 8 shown
TypeProperties
outstanding
Lloyds Banking Group
Bank of Scotland PLC
Floating charge1 property08/03/2010—
satisfied
Merrill Lynch International
Standard security1 property24/01/200727/03/2010
satisfied
Merrill Lynch International
Floating charge1 property19/01/200720/05/2010
satisfied
Merrill Lynch International
Bond & floating charge1 property18/01/200719/05/2010
satisfied
Barclays
Barclays Bank PLC
Standard security1 property24/02/200624/01/2007
satisfied
Barclays
Barclays Bank PLC
Floating charge1 property17/02/200624/01/2007
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property15/08/200022/02/2006
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property18/02/199822/02/2006
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (204 total)

gazette-dissolved-voluntary
gazette · GAZ2(A)
2021-07-13
gazette-notice-voluntary
gazette · GAZ1(A)
2021-04-27
dissolution-application-strike-off-company
dissolution · DS01
2021-04-19
termination-director-company-with-name-termination-date
officers · TM01
2021-04-14
termination-director-company-with-name-termination-date
officers · TM01
2021-03-31
termination-director-company-with-name-termination-date
officers · TM01
2021-03-31
termination-director-company-with-name-termination-date
officers · TM01
2021-03-31
change-to-a-person-with-significant-control
persons-with-significant-control · PSC05
2020-10-23
confirmation-statement-with-no-updates
confirmation-statement · CS01
2020-06-05
accounts-with-accounts-type-dormant
accounts · AA
2020-01-09
confirmation-statement-with-no-updates
confirmation-statement · CS01
2019-06-11
accounts-with-accounts-type-dormant
accounts · AA
2018-12-27
confirmation-statement-with-no-updates
confirmation-statement · CS01
2018-06-06
accounts-with-accounts-type-dormant
accounts · AA
2018-01-05
change-person-secretary-company-with-change-date
officers · CH03
2017-10-23