ADC (GLASGOW) LIMITED

⚰️Wound downdissolved
SC074384 · ltd · incorporated 1981-04-03
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
Why now
Window steady · low confidence
Stable recent picture — watch for any upcoming trigger event.
Opportunity decay
approaching window · 12-months
Approaching a transaction window — refinance or sale event plausible in the next 12 months.
  • · Oldest live charge 26.6y old — refinance window within 12 months
What changed my view
Last 30 days

No material changes in the last 30 days.

Last 90 days

No snapshot from 90 days ago — start tracking from today.

Last 180 days

No snapshot from 180 days ago — start tracking from today.

🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
53/100
Worth a look
🔔
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What this business does
Primary activity: Financial intermediation not elsewhere classified
Sector: Financial & insurance
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 53/100 (worth a look), bankability 60/100. Strong seller-intent signal (78/100, director aged 69). 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

1 live charge · oldest 26.6y

65/100
clean up first

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

  • · Oldest live charge is 26.6 years old — likely at or near maturity.
  • · Single lender — cleanest path to refinance.
  • · Legal-friction score 40/100 — workable, but lender will want more DD.

Data confidence

Overall: low (50/100)

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
1 charges (1/1 with lender, 1/1 with type)
90
Directors & officers
23 officers (2 active, 23 linked, 19 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
128 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 (69 events)Click to expand
  1. 2014-10-30
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2014-10-30
    🏁
    Company dissolved
  3. 2014-07-30
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2012-05-11
    📄
    resolution
    resolution · RESOLUTIONS
  5. 2012-05-10
    📍
    change-registered-office-address-company-with-date-old-address
    address · AD01
  6. 2012-05-08
    📄
    termination-director-company-with-name
    officers · TM01
  7. 2012-05-01
    📄
    appoint-person-director-company-with-name
    officers · AP01
  8. 2012-04-25
    📄
    legacy
    mortgage · MG03s
  9. 2012-04-25
    🔓
    Charge satisfied #1
  10. 2012-04-21
    ➖
    REID, Stuart Alastair resigned
    director
  11. 2012-04-20
    ➕
    REID, Stuart Alastair appointed
    director
  12. 2011-11-14
    📄
    accounts-with-accounts-type-full
    accounts · AA
  13. 2011-10-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  14. 2010-11-17
    📄
    accounts-with-accounts-type-full
    accounts · AA
  15. 2010-10-22
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  16. 2009-10-13
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  17. 2009-10-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2009-06-22
    📄
    legacy
    officers · 288b
  19. 2009-06-09
    ➖
    NIXON, William Robert resigned
    director
  20. 2008-10-29
    📄
    legacy
    annual-return · 363a
  21. 2008-10-09
    📄
    accounts-with-accounts-type-full
    accounts · AA
  22. 2007-11-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  23. 2007-11-01
    📄
    legacy
    annual-return · 363s
  24. 2007-06-20
    📄
    legacy
    annual-return · 363s
  25. 2007-04-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  26. 2006-09-27
    📄
    legacy
    officers · 288c
  27. 2005-12-28
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2005-10-26
    📄
    legacy
    annual-return · 363s
  29. 2004-11-17
    📄
    legacy
    annual-return · 363s
  30. 2004-10-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  31. 1999-10-29
    ➕
    LITTLE, Hugh Wilson Mcintosh appointed
    secretary
  32. 1999-10-29
    ➕
    LITTLE, Hugh Wilson Mcintosh appointed
    director
  33. 1999-10-29
    ➖
    SHIRRAN, Jane Lindsay resigned
    secretary
  34. 1999-10-29
    ➖
    BERRY, John Kyle resigned
    director
  35. 1999-10-29
    ➖
    WRIGHT, John Robertson resigned
    director
  36. 1999-10-29
    🔒
    Charge registered #1
    Lender: The Governor and Company of the Bank of Scotland
  37. 1998-12-07
    ➖
    HOOKHAM, Peter resigned
    director
  38. 1998-09-18
    ➖
    WILLIS, Graeme Douglas resigned
    director
  39. 1998-09-07
    ➕
    WRIGHT, John Robertson appointed
    director
  40. 1998-07-31
    ➖
    GOODWIN, Frederick Anderson resigned
    director
  41. 1998-06-30
    ➖
    STEWART, Alan James resigned
    director
  42. 1998-06-15
    ➕
    SHIRRAN, Jane Lindsay appointed
    secretary
  43. 1998-06-15
    ➖
    STEWART, Alan James resigned
    secretary
  44. 1998-01-19
    ➕
    STEWART, Alan James appointed
    director
  45. 1997-03-10
    ➕
    HOOKHAM, Peter appointed
    director
  46. 1997-03-10
    ➕
    NIXON, William Robert appointed
    director
  47. 1996-09-30
    ➖
    MACINTOSH, Keith William resigned
    secretary
  48. 1996-09-30
    ➕
    STEWART, Alan James appointed
    secretary
  49. 1996-06-20
    ➖
    KENNEDY, Neil John resigned
    director
  50. 1996-04-26
    ➕
    BERRY, John Kyle appointed
    director
Showing most recent 50 of 69 events

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 27 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 69 — succession pressure is live.

Succession & seller-readiness

95/100
Likely off-market candidate

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

SIGNALS
  • primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.
  • primary20+ year tenure: Director in role 27 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 45 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 2014-10-30

2 insolvency-related filings on record
high

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

Evidence: 2014-10-30: gazette-dissolved-liquidation; 2014-07-30: liquidation-voluntary-return-of-final-meeting-scotland

🔒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.

See pricing →

Company details

Statusdissolved
Typeltd
Incorporated1981-04-03
Jurisdictionscotland
Primary SIC64999 — Financial intermediation not elsewhere classified

Registered office

Ten
George Street
Edinburgh
EH2 2DZ

Filing status

Accounts
Next due: —
Last made up to: 2011-05-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 21 resigned)

LITTLE, Hugh Wilson Mcintosh→
secretary · appointed 1999-10-29
View their other companies + combined net worth →
Active
LITTLE, Hugh Wilson Mcintosh→
director · ~69y · appointed 1999-10-29
View their other companies + combined net worth →
Active
MACINTOSH, Keith William→
secretary · resigned 1996-09-30
Resigned
SHIRRAN, Jane Lindsay→
secretary · appointed 1998-06-15 · resigned 1999-10-29
Resigned
STEWART, Alan James→
secretary · appointed 1996-09-30 · resigned 1998-06-15
Resigned
ASLET, Peter Michael→
director · ~74y · appointed 1993-04-26 · resigned 1995-10-31
Resigned
BERRY, John Kyle→
director · ~76y · appointed 1996-04-26 · resigned 1999-10-29
Resigned
CICUTTO, Francis John→
director · ~76y · appointed 1994-03-21 · resigned 1996-03-01
Resigned
COLE-HAMILTON, Arthur Richard→
director · ~91y · resigned 1992-11-02
Resigned
COOK, John→
director · ~88y · appointed 1989-09-07 · resigned 1992-09-25
Resigned
GOODWIN, Frederick Anderson→
director · ~68y · appointed 1995-04-24 · resigned 1998-07-31
Resigned
HOOKHAM, Peter→
director · ~66y · appointed 1997-03-10 · resigned 1998-12-07
Resigned
KENNEDY, Neil John→
director · ~67y · appointed 1993-08-13 · resigned 1996-06-20
Resigned
LOVE, Charles Marshall→
director · ~81y · appointed 1992-10-01 · resigned 1993-12-28
Resigned
MCNEILLAGE, James Kean→
director · ~86y · appointed 1989-09-07 · resigned 1993-03-02
Resigned
NIXON, William Robert→
director · ~63y · appointed 1997-03-10 · resigned 2009-06-09
Resigned
QUEEN, John Eadie→
director · ~83y · appointed 1990-10-17 · resigned 1996-04-19
Resigned
REID, Stuart Alastair→
director · ~54y · appointed 2012-04-20 · resigned 2012-04-21
Resigned
STEWART, Alan James→
director · ~69y · appointed 1998-01-19 · resigned 1998-06-30
Resigned
WALKER, David Lindsay→
director · ~86y · resigned 1990-12-31
Resigned

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

Mortgages & charges

1
Total charges
0
Outstanding
0
Active lenders
Status:Lender:1 of 1 shown
TypeProperties
satisfied
Lloyds Banking Group
The Governor and Company of the Bank of Scotland
Floating charge1 property29/10/199925/04/2012

Recent filings (128 total)

gazette-dissolved-liquidation
gazette · GAZ2
2014-10-30
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2014-07-30
resolution
resolution · RESOLUTIONS
2012-05-11
change-registered-office-address-company-with-date-old-address
address · AD01
2012-05-10
termination-director-company-with-name
officers · TM01
2012-05-08
appoint-person-director-company-with-name
officers · AP01
2012-05-01
legacy
mortgage · MG03s
2012-04-25
accounts-with-accounts-type-full
accounts · AA
2011-11-14
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2011-10-20
accounts-with-accounts-type-full
accounts · AA
2010-11-17
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2010-10-22
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2009-10-13
accounts-with-accounts-type-full
accounts · AA
2009-10-06
legacy
officers · 288b
2009-06-22
legacy
annual-return · 363a
2008-10-29