CROFT EXPLORATION LIMITED

⚰️Wound downdissolved
SC092120 · ltd · incorporated 1985-03-12
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
51/100
Worth a look
🔔
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What this business does
Primary activity: SIC 06100
Sector: Mining & quarrying
Investor take
Pass (distressed without resilience)
Distressed unclear — structural issues outweigh the discount.

Opportunity 51/100 (worth a look), bankability 50/100. Strong seller-intent signal (78/100, director aged 80). 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.

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
Confirmed no charges registered
85
Directors & officers
33 officers (3 active, 33 linked, 28 with DOB)
87
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
6 connected companies via shared directors
63
Filing history
155 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
51/100Worth 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
90
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
  1. 2017-11-30
    ⚠️
    gazette-dissolved-liquidation
    gazette · GAZ2
  2. 2017-11-30
    🏁
    Company dissolved
  3. 2017-08-31
    ⚠️
    liquidation-voluntary-return-of-final-meeting-scotland
    insolvency · 4.26(Scot)
  4. 2017-02-03
    📍
    change-registered-office-address-company-with-date-old-address-new-address
    address · AD01
  5. 2017-02-02
    📄
    resolution
    resolution · RESOLUTIONS
  6. 2017-01-10
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  7. 2016-12-24
    ➖
    KANG, Yongwoo resigned
    director
  8. 2016-09-17
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  9. 2016-09-02
    ➖
    NEILSON, Anthony Myles, Neilson resigned
    director
  10. 2016-05-12
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  11. 2015-09-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  12. 2015-07-21
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  13. 2015-04-01
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  14. 2015-03-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  15. 2015-03-23
    ➕
    NEILSON, Anthony Myles, Neilson appointed
    director
  16. 2015-02-28
    ➖
    LINN, Alan Scott resigned
    director
  17. 2014-10-06
    📄
    accounts-with-accounts-type-full
    accounts · AA
  18. 2014-09-19
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  19. 2014-08-13
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  20. 2014-08-13
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  21. 2014-07-15
    ➖
    BAEK, Ohkyeu, Non-Executive Board Member resigned
    director
  22. 2014-07-15
    ➕
    KANG, Yongwoo appointed
    director
  23. 2014-02-19
    📄
    appoint-person-director-company-with-name
    officers · AP01
  24. 2014-02-14
    ➕
    CRAWFORD, David Andrew appointed
    director
  25. 2013-12-03
    📄
    termination-director-company-with-name
    officers · TM01
  26. 2013-11-27
    ➖
    RICHARDS, Marcus Trevor, Dr resigned
    director
  27. 2013-09-25
    📄
    accounts-with-accounts-type-full
    accounts · AA
  28. 2013-09-12
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  29. 2013-05-02
    📄
    appoint-person-director-company-with-name
    officers · AP01
  30. 2013-05-02
    📄
    termination-director-company-with-name
    officers · TM01
  31. 2013-02-18
    ➕
    BAEK, Ohkyeu, Non-Executive Board Member appointed
    director
  32. 2013-02-18
    ➖
    SYNN, Eugene resigned
    director
  33. 2012-10-02
    📄
    accounts-with-accounts-type-full
    accounts · AA
  34. 2012-09-20
    📄
    annual-return-company-with-made-up-date-full-list-shareholders
    annual-return · AR01
  35. 2011-09-23
    📄
    accounts-with-accounts-type-full
    accounts · AA
  36. 2011-03-21
    ➖
    MACFARLANE, David Archibald resigned
    director
  37. 2011-03-21
    ➖
    PATON, Stuart Mcnicol, Dr resigned
    director
  38. 2011-03-21
    ➕
    RICHARDS, Marcus Trevor, Dr appointed
    director
  39. 2011-03-21
    ➕
    SYNN, Eugene appointed
    director
  40. 2010-11-16
    ➕
    LINN, Alan Scott appointed
    director
  41. 2010-10-29
    ➖
    CLEMENT, Bruce Frederick William resigned
    director
  42. 2009-04-30
    ➕
    MACFARLANE, David Archibald appointed
    director
  43. 2009-04-30
    ➖
    MOFFAT, Robert Gordon resigned
    director
  44. 2009-04-30
    ➕
    PATON, Stuart Mcnicol, Dr appointed
    director
  45. 2008-12-16
    ➖
    LONGMAN, Christopher David, Dr resigned
    director
  46. 2008-08-29
    ➕
    CLEMENT, Bruce Frederick William appointed
    director
  47. 2008-06-27
    ➖
    DORAN, John, Dr resigned
    director
  48. 2006-09-19
    ➖
    BAINES, Edgar resigned
    director
  49. 2002-02-07
    ➖
    DEBONI, Walter resigned
    director
  50. 2002-02-07
    ➕
    MOFFAT, Robert Gordon appointed
    director
Showing most recent 50 of 83 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
  • +Two-director setup: Only two active directors — typical of owner-managed SMEs but limits succession.
  • +Long-tenure founder: Senior director has been in place 26 years — deep operational knowledge concentrated in one person.
  • +Founder age: Director aged approximately 80 — succession pressure is live.

Succession & seller-readiness

96/100
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 80 years old. Natural succession window is now.
  • secondaryTwo-director governance: Small-team governance. Succession depth is thin but not absent.
  • primary20+ year tenure: Director in role 26 years. Very long tenure is a classic succession signal.
  • secondaryStable-but-static management: Company is 41 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 2017-11-30

2 insolvency-related filings on record
high

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

Evidence: 2017-11-30: gazette-dissolved-liquidation; 2017-08-31: 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

10 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
Incorporated1985-03-12
Jurisdictionscotland
Primary SIC06100 — SIC 06100

Registered office

110 Queen Street
Glasgow
G1 3BX

Filing status

Accounts
Next due: —
Last made up to: 2015-12-31
Confirmation statement
Next due: —
Last: —

Officers (0 active · 30 resigned)

BUTLER, Neil→
secretary · appointed 1999-08-16
View their other companies + combined net worth →
Active
BUTLER, Neil→
director · ~80y · appointed 2000-06-15
View their other companies + combined net worth →
Active
CRAWFORD, David Andrew→
director · ~63y · appointed 2014-02-14
View their other companies + combined net worth →
Active
BAIRD, David George→
secretary · resigned 1990-06-06
Resigned
HUNTER, Gavin Stuart Cameron→
secretary · appointed 1990-06-06 · resigned 1992-09-30
Resigned
PATRICK, Ian William James→
secretary · appointed 1992-09-30 · resigned 1997-07-14
Resigned
STEVENSON, Rosalind Jane→
secretary · appointed 1997-07-14 · resigned 2000-05-26
Resigned
ATKINSON, John Paul→
director · ~72y · appointed 1999-04-01 · resigned 2000-02-29
Resigned
BAEK, Ohkyeu, Non-Executive Board Member→
director · ~64y · appointed 2013-02-18 · resigned 2014-07-15
Resigned
BAINES, Edgar→
director · ~76y · appointed 2000-03-10 · resigned 2006-09-19
Resigned
BRAATEN, Pater Alfred→
director · ~51y · appointed 1997-04-18 · resigned 1999-08-01
Resigned
CADENHEAD, Kenneth Caldwell→
director · ~84y · resigned 1992-04-01
Resigned
CLEMENT, Bruce Frederick William→
director · ~70y · appointed 2008-08-29 · resigned 2010-10-29
Resigned
DALGARNO, Frederick George Scott→
director · ~83y · appointed 1991-03-21 · resigned 1997-04-18
Resigned
DEBONI, Walter→
director · ~80y · appointed 1997-07-14 · resigned 2002-02-07
Resigned
DORAN, John, Dr→
director · ~80y · appointed 1999-08-01 · resigned 2008-06-27
Resigned
GILCHRIST, Iain Johnston→
director · ~88y · resigned 1990-06-05
Resigned
HARRISON, Iain Victor Robinson→
director · ~97y · resigned 1997-04-18
Resigned
HUNTER, Gavin Stuart Cameron→
director · ~73y · appointed 1992-04-01 · resigned 1992-09-30
Resigned
KANG, Yongwoo→
director · ~60y · appointed 2014-07-15 · resigned 2016-12-24
Resigned

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

Recent filings (155 total)

gazette-dissolved-liquidation
gazette · GAZ2
2017-11-30
liquidation-voluntary-return-of-final-meeting-scotland
insolvency · 4.26(Scot)
2017-08-31
change-registered-office-address-company-with-date-old-address-new-address
address · AD01
2017-02-03
resolution
resolution · RESOLUTIONS
2017-02-02
termination-director-company-with-name-termination-date
officers · TM01
2017-01-10
confirmation-statement-with-updates
confirmation-statement · CS01
2016-09-18
termination-director-company-with-name-termination-date
officers · TM01
2016-09-17
accounts-with-accounts-type-total-exemption-full
accounts · AA
2016-05-12
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2015-09-12
accounts-with-accounts-type-total-exemption-full
accounts · AA
2015-07-21
appoint-person-director-company-with-name-date
officers · AP01
2015-04-01
termination-director-company-with-name-termination-date
officers · TM01
2015-03-28
accounts-with-accounts-type-full
accounts · AA
2014-10-06
annual-return-company-with-made-up-date-full-list-shareholders
annual-return · AR01
2014-09-19
appoint-person-director-company-with-name-date
officers · AP01
2014-08-13