PETROLINE WELLSYSTEMS LIMITED

⚰️Wound downdissolved
SC072733 · ltd · incorporated 1980-10-06
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 42.5y old — refinance window within 12 months
🔒Estimated value
—
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Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
48/100
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What this business does
Primary activity: Non-trading company
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)
Distressed dormant / non-trading — structural issues outweigh the discount.

Opportunity 48/100 (watch), bankability 60/100. 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

4 live charges · 2 lenders · oldest 42.5y

50/100
clean up first

Refinance viable after a tidy-up — address the highlighted items first.

  • · Oldest live charge is 42.5 years old — likely at or near maturity.
  • · Two lenders — manageable, but coordination required.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: medium (61/100)

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
4 charges (4/4 with lender, 4/4 with type)
90
Directors & officers
29 officers (4 active, 29 linked, 20 with DOB)
84
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
24 connected companies via shared directors
90
Filing history
160 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
48/100Watch
PassWatchWorth a lookStrongExceptional 

Not actionable now, but monitor — distressed, succession, or structural changes could flip this into a real opportunity.

Business quality
10
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 (85 events)Click to expand
  1. 2017-01-24
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2017-01-24
    🏁
    Company dissolved
  3. 2016-10-24
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2016-05-19
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2016-05-19
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2015-11-24
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  7. 2015-06-18
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  8. 2015-06-18
    🔓
    Charge satisfied #4
  9. 2015-03-16
    📄
    accounts-with-accounts-type-full
    accounts · AA
  10. 2015-01-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  11. 2014-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  12. 2014-10-15
    📄
    mortgage-satisfy-charge-full
    mortgage · MR04
  13. 2014-10-15
    🔓
    Charge satisfied #3
  14. 2014-10-15
    🔓
    Charge satisfied #2
  15. 2014-05-12
    📄
    accounts-with-accounts-type-full
    accounts · AA
  16. 2014-01-08
    📄
    auditors-resignation-company
    auditors · AUD
  17. 2013-12-30
    📄
    auditors-resignation-company
    auditors · AUD
  18. 2013-11-27
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2013-07-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  20. 2013-04-18
    ➕
    ROSE-GARVIE, Gemma appointed
    secretary
  21. 2013-04-18
    ➕
    MACLEOD, Neil Alexander appointed
    director
  22. 2013-04-18
    ➖
    MONCUR, Brian resigned
    secretary
  23. 2013-04-18
    ➖
    MONCUR, Brian resigned
    director
  24. 2013-04-18
    📄
    appoint-person-secretary-company-with-name
    officers · AP03
  25. 2013-04-18
    📄
    appoint-person-director-company-with-name
    officers · AP01
  26. 2013-04-18
    📄
    termination-director-company-with-name
    officers · TM01
  27. 2013-04-18
    📄
    termination-secretary-company-with-name
    officers · TM02
  28. 2012-11-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  29. 2012-09-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  30. 2012-09-07
    📄
    appoint-person-director-company-with-name
    officers · AP01
  31. 2012-09-07
    📄
    appoint-person-director-company-with-name
    officers · AP01
  32. 2012-09-07
    📄
    termination-director-company-with-name
    officers · TM01
  33. 2012-09-04
    ➕
    PRENTICE, Euan Robertson appointed
    director
  34. 2012-09-04
    ➕
    THOMSON, Julie Mary appointed
    director
  35. 2012-09-04
    ➖
    FULTON, William Gray resigned
    director
  36. 2011-02-25
    ➖
    HENRY, Joseph Claude resigned
    director
  37. 2011-02-15
    ➕
    MONCUR, Brian appointed
    director
  38. 2009-10-02
    ➖
    FULTON, William Gray resigned
    secretary
  39. 2009-10-02
    ➕
    MONCUR, Brian appointed
    secretary
  40. 2009-10-02
    ➖
    FRASER, Iain resigned
    director
  41. 2009-10-02
    ➕
    FULTON, William Gray appointed
    director
  42. 2009-06-03
    ➕
    HENRY, Joseph Claude appointed
    director
  43. 2009-06-03
    ➖
    MARTIN, Burt Michael resigned
    director
  44. 2005-11-24
    ➖
    BOARDMAN, Angela resigned
    director
  45. 2003-12-31
    ➕
    BOARDMAN, Angela appointed
    director
  46. 2003-12-31
    ➖
    METCALFE, Paul David resigned
    director
  47. 2003-06-30
    🔓
    Charge satisfied #1
  48. 2001-10-04
    ➖
    INNES, Fraser Thomas resigned
    director
  49. 2001-10-04
    ➕
    METCALFE, Paul David appointed
    director
  50. 2001-02-12
    ➕
    FULTON, William Gray appointed
    secretary
Showing most recent 50 of 85 events

Owner dependency

58/100
Moderate — manageable with handover

Some founder dependency, but not acute. A structured handover period should cover most risk.

FACTORS
  • +Senior director age: Director aged approximately 64 — approaching natural succession window.

Succession & seller-readiness

73/100
Strong succession signal

Multiple signals suggest succession is on the horizon. Candidate for proactive outreach.

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 64. Approaching typical UK retirement age — succession thinking likely.
  • 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

2 high · 1 med ·
Company dissolved
high

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

Evidence: Dissolved on 2017-01-24

2 insolvency-related filings on record
high

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

Evidence: 2017-01-24: gazette-dissolved-liquidation; 2016-10-24: liquidation-voluntary-return-of-final-meeting-scotland

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

Mcmurry-Macco (Uk) Limited is the ultimate parent — holding 75%+ shares. This company sits inside their group.

🏛️
Mcmurry-Macco (Uk) Limited
Corporate parent · holds 75-100% shares · board control
ultimate parent
⬇
PETROLINE WELLSYSTEMS LIMITED
This company · SC072733

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
Mcmurry-Macco (Uk) 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

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
Incorporated1980-10-06
Jurisdictionscotland
Primary SIC74990 — Non-trading company

Registered office

Johnston Carmichael Llp Bishop's Court
29 Albyn Place
Aberdeen
AB10 1YL

Filing status

Accounts
Next due: —
Last made up to: 2014-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 25 resigned)

ROSE-GARVIE, Gemma→
secretary · appointed 2013-04-18
View their other companies + combined net worth →
Active
MACLEOD, Neil Alexander→
director · ~60y · appointed 2013-04-18
View their other companies + combined net worth →
Active
PRENTICE, Euan Robertson→
director · ~64y · appointed 2012-09-04
View their other companies + combined net worth →
Active
THOMSON, Julie Mary→
director · ~58y · appointed 2012-09-04
View their other companies + combined net worth →
Active
FEKKES, Jacob Jenko→
secretary · appointed 1995-01-23 · resigned 1997-04-21
Resigned
FULTON, William Gray→
secretary · appointed 2001-02-12 · resigned 2009-10-02
Resigned
HUFF, Curtis William→
secretary · appointed 1999-09-02 · resigned 2001-02-12
Resigned
MONCUR, Brian→
secretary · appointed 2009-10-02 · resigned 2013-04-18
Resigned
RAE, Michael Barry→
secretary · appointed 1990-05-03 · resigned 1995-01-23
Resigned
ZWART, Klaas Johannes→
secretary · appointed 1997-04-21 · resigned 1999-03-31
Resigned
ZWART, Mirjam Pauline→
secretary · appointed 1999-03-31 · resigned 1999-09-02
Resigned
PETERKINS, SOLICITORS→
corporate-nominee-secretary · appointed 1990-01-01 · resigned 1990-05-03
Resigned
BOARDMAN, Angela→
director · ~61y · appointed 2003-12-31 · resigned 2005-11-24
Resigned
DUROC DANNER, Bernard Jacques, Dr→
director · ~73y · appointed 1999-09-02 · resigned 2001-02-12
Resigned
FEKKES, Jacob Jenko→
director · ~66y · appointed 1995-01-23 · resigned 1997-04-21
Resigned
FERGUSON, Stuart Edward→
director · ~60y · appointed 1998-05-01 · resigned 1999-03-31
Resigned
FRASER, Iain→
director · ~81y · appointed 2001-02-12 · resigned 2009-10-02
Resigned
FULTON, William Gray→
director · ~70y · appointed 2009-10-02 · resigned 2012-09-04
Resigned
HENRY, Joseph Claude→
director · ~56y · appointed 2009-06-03 · resigned 2011-02-25
Resigned
HOPMANN, Mark Edward→
director · ~69y · appointed 1999-09-02 · resigned 2001-02-12
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
The Grampian Regional Council
Standard security1 property25/03/199618/06/2015
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property25/03/199615/10/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Standard security1 property08/02/198515/10/2014
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Bond & floating charge1 property29/11/198330/06/2003

Recent filings (160 total)

gazette-dissolved-liquidation
gazette · GAZ2
2017-01-24
confirmation-statement-with-updates
confirmation-statement · CS01
2016-12-13
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2016-10-24
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2016-05-19
resolution
resolution · RESOLUTIONS
2016-05-19
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-11-24
mortgage-satisfy-charge-full
mortgage · MR04
2015-06-18
accounts-with-accounts-type-full
accounts · AA
2015-03-16
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-01-27
mortgage-satisfy-charge-full
mortgage · MR04
2014-10-15
mortgage-satisfy-charge-full
mortgage · MR04
2014-10-15
accounts-with-accounts-type-full
accounts · AA
2014-05-12
auditors-resignation-company
auditors · AUD
2014-01-08
auditors-resignation-company
auditors · AUD
2013-12-30
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2013-11-27